Result Page 64 for Latest Auto News & Archive

VW eyes cash call to fund Porsche, maybe other deals

Volkswagen AG set out plans to raise as much as 10 billion euros ($14.9 billion) from shareholders, which analysts said would be enough to make fresh acquisitions as well as merge with Porsche.

Peugeot sees 2010 output in Slovakia above 200,000

French carmaker PSA Peugeot Citroen (PEUP.PA) expects output at its Slovak assembly plant to be slightly above 200,000 units this year, with similar volume in 2010, the outgoing chief executive of PSA's Slovak operations, Jean Mouro, said on Monday.

Toyota to add Tundra production in February

Toyota Motor Corp (7203.T) said on Friday it plans to resume a second shift at its San Antonio, Texas plant in February for the first time since August 2008, adding production of Tundra full-size pickup trucks.

Auto investors look beyond Q3 scrapping boost

As a boost from state-sponsored schemes to help consumers replace old vehicles with newer ones tapers off, investors will be looking at the auto sector's longer-term prospects when European carmakers and suppliers post third-quarter results in the coming weeks.

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GM Thai workers end 10-day strike over pay dispute

Hundreds of workers at General Motors Co GM.UL's Thai assembly plant ended a 10-day strike on Thursday after settling a pay dispute with the management, the U.S. auto maker said in a statement.

India's Bajaj Auto Q2 net more than doubles

Bajaj Auto (BAJA.BO) said on Thursday its net profit more than doubled in the September quarter, beating forecasts, and India's second-largest motorcycle maker said it saw strong sales growth in the next six months.

Union reaches deal to save jobs at GM plants in Britain

The Unite trade union said on Tuesday it had struck a deal to secure the future of GM Opel car plants in Britain after the planned sale of the carmaker, which makes Vauxhall cars in the UK, to Canada's Magna (MGa.TO).

Key GM engine plant to be running by late 2010

General Motors Co GM.UL said on Tuesday it would have a Flint, Michigan, plant retooled to produce engines for its upcoming Cruze small car and its Volt electric vehicle by late 2010.

Mexico's September car output points to recovery

Mexican auto production rose in September on a monthly basis for a third consecutive month, suggesting the sector is pulling out of a deep slump.

UK union OK brings Opel deal closer

Agreement between Magna and a UK labour union on Tuesday brought closer a final deal for General Motors [GM.UL] to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium.

EU's big 3 van makers put brakes on CO2 curbs

France, Italy and Germany have written to the European Union's executive asking for a delay or softening to planned curbs on carbon dioxide emissions from new vans, EU diplomats say.

Ford switch recall expanded by 4.5 million vehicles

Ford Motor Co is expanding its largest ever recall -- involving faulty cruise control deactivation switches that have caused fires -- by 4.5 million vehicles, regulators and company officials said on Tuesday.

Ford posts record China vehicle sales

Ford Motor Co said its China vehicle sales in the third quarter jumped 79 percent from a year earlier as Beijing's stimulus policies bolstered auto demand.

GM aims to grow faster than China market in 2010

General Motors Co GM.UL aims to grow faster than China's auto market in 2010, its China chief said on Wednesday, after outperforming the country's overall market in the first three quarters.

Ford and UAW reach tentative deal on contract changes

The United Auto Workers and Ford Motor Co have reached a tentative agreement on contract changes the automaker wants to bring labor costs in line with U.S. rivals, the union and company said on Tuesday.

Fiat West Europe Sept sales up 14.8 pct

Italy's Fiat (FIA.MI) car sales in Western Europe in September will increase 14.8 percent from the same month last year, to 106,100 units, the director of research group IHS Global Insight, Pierluigi Bellini, said on Monday.

Dollar Thrifty cuts Chrysler purchases, costs

Dollar Thrifty Automotive Group Inc (DTG.N) said on Monday it would slash its 2010 car rental purchases from Chrysler and that its average fleet costs had stabilized at levels it hoped to maintain next year.

India Sept car sales rise 21 pct y/y

Car sales in India rose an annual 21 percent in September for their eighth straight rise, with industry officials expecting continued robust growth as the economy improves and consumer confidence grows.

China auto market likely to slow after record 2009

Chinese car sales soared to a record in recent months on government incentives, but the same money tap that turbocharged sales could easily be turned off in 2010 if Beijing frets about an overheating economy.

GM CEO says possible to sign Opel deal this week

General Motors Co GM.UL may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.

Britain says some progress on GM, issues remain

Britain said Monday progress was being made in negotiations over the future of GM Opel car plants in Britain but there were still issues to be settled.

Egyptian GB Auto eyeing bonds to fund expansion

GB Auto (AUTO.CA) is considering issuing five-year bonds worth one billion Egyptian pounds ($183 million) to fund regional expansion and new service centres in Egypt, the company said on Monday.

Tower Semi to make power devices for Korean cars

Israeli chip maker Tower Semiconductor Ltd (TSEM.O) said on Monday it would be the exclusive manufacturer of power automotive devices for C&S Technology in South Korea.

Geely says Sept car sales double, Jan-Sept up 42 pct

Geely Automobile Holdings Ltd (0175.HK) said on Monday that it posted record sales of 32,053 cars in September, more than double the same month last year and up 40 percent from August.

Opel sale contract may come this week: labor leader

General Motors GM.UL is on track to sign a contract this week to sell a majority stake in European carmaking arm Opel to a Canadian-Russian consortium, Opel labor leader Klaus Franz told Reuters.

FDP sees risk Germany shoulders full Opel burden

Germany could end up shouldering the entire burden of aid for Opel because Britain and Spain remain reluctant to support the planned sale of the carmaker to Canada's Magna, a Free Democrat (FDP) politician said.

Battle over Chrysler plays out in Wisconsin town

The auto boom came fast to this harbor town on Lake Michigan where Ramblers first rolled off the line a century ago.

Kenosha, Wisconsin in auto history

Kenosha, Wisconsin on the shores of Lake Michigan has a long history in automotive history that will die if a Chrysler engine plant is shut as planned next year.

Volkswagen Jan-Sept China-HK car sales up 37 pct

Volkswagen AG (VOWG.DE) said on Monday it expected its sales in mainland China and Hong Kong to grow more than 30 percent this year, after rising 37 percent in the first nine months thanks to government stimulus measures.

China ministry says not received Hummer buy application

China's Commerce Ministry said on Saturday that it has not yet received an application about machinery maker Tengzhong's bid to buy General Motors' Hummer brand.

Malaysia's Proton may face management buyout-report

A management buyout of Malaysia's national carmaker Proton Holdings (PROT.KL) could be possible, the firm's chairman was quoted by the Star newspaper as saying.

Germany seeks to patch up divisions over Opel deal

Germany's Economy Minister sought to shore up support for his government's rescue plans for Opel amid signs of growing opposition at home and abroad to the Berlin-brokered deal with Canadian automotive firm Magna (MGa.TO).

GM to drop ad agency for luxury Cadillac brand

General Motors Co GM.UL is looking for a new advertising agency for its luxury Cadillac brand as it tries to reverse a slide in sales in its home market.

Chevrolet to take 70 pct of GM sales: exec

General Motors Co's flagship Chevrolet brand expects to boost sales driven by new launches such as the Cruze small car and may represent 70 percent of the automaker's North American sales, the brand's chief said on Friday.

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