AUTO

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Chrysler CEO: no reprieve on U.S. plant closings

Chrysler Group LLC still plans to shutter eight North American plants according to its initial schedule, Chief Executive Sergio Marchionne said on Thursday, as he dismissed recent reports that a Detroit-area plant would get a reprieve.

France to invest 2.5 bln eur for electric car launch

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France will invest 2.5 billion euros ($3.6 billion) over 10 years in research, subsidies and infrastructure development for electric cars as automakers race to get the vehicles on the road, its energy minister said.

Japan new vehicle sales fell 3 pct in Sept

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Sales in Japan of new cars, trucks and buses fell about 3 percent in September from the year before, a source said on Wednesday, underscoring the fragile state of the stimulus-driven recovery in Japanese vehicle demand.
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Ford September U.S. auto sales fall 5 percent

Ford Motor Co said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
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Automakers must innovate: Chrysler attorney

Automakers and their suppliers must use the breathing space they have been given by bankruptcy and government programs to innovate and to create vehicles consumers want, said Corinne Ball, who led a team of attorneys representing Chrysler during its Chapter 11 reorganization.
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Opel labor talks adjourned, to be resumed soon

Talks between Canadian automotive group Magna (MGa.TO), General Motors and workers at German carmaker Opel were adjourned with no result on Thursday and will resume soon, a spokesman for Opel said.
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Toyota, Ford to outsell GM in U.S. by 2015-analyst

Toyota Motor Corp (7203.T) and Ford Motor Co (F.N) are likely to outsell General Motors Co [GM.UL] in the U.S. market by 2015 -- when industry sales will finally return to levels last seen in 2000, according to an industry forecasting firm.
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Ford U.S. September auto sales fall 5 percent

Ford Motor Co (F.N) said on Thursday its U.S. auto sales fell 5 percent in September from a year earlier as demand slumped off in part due to the end of the U.S. government's cash for clunkers incentive program.
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Fiat to create Ram brand, rush new Chrysler models

Fiat SpA (FIA.MI) will rush the first all-new Chrysler model to the U.S. market by the end of 2011 and create a new Ram brand for its truck line under a revival plan for Chrysler that will be shown to the U.S. government this week, people involved in the discussions said.
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VW's Czech Skoda eyes post-scrappage output cut

Volkswagen's (VOWG.DE) Czech unit, Skoda Auto, is considering halting production for two days in October after demand fell following the end of a scrappage subsidy in Germany, a spokesman said on Thursday.
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Incentives key as EU car sales soar, US to slump

Government funds propped up an ailing European auto industry in September, in contrast to an expected slump in sales in the United States after its cash for clunkers scheme ran out of money.
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Chrysler execs to meet auto task force this week

Executives from Chrysler Group LLC will meet the U.S. Treasury Department's auto task force this week, but no public statement is expected after the meeting, a Treasury official said on Tuesday.
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France targets 2 mln electric cars in 2020

France hopes to have 2 million electric cars on the road by 2020, and its energy minister Jean-Louis Borloo will on Thursday launch a plan designed to ensure the necessary infrastructure is in place in time.
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Italy may extend car incentives, cheers Fiat

Italy is ready to extend vehicle buying incentives to help the industry beyond the year end if necessary, Prime Minister Silvio Berlusconi said on Wednesday, in response to lobbying from Fiat SpA (FIA.MI) and other carmakers.
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Daimler Trucks sees Brazil upturn, keeps U.S. plant

Daimler (DAIGn.DE) will hire 800 more staff for its Brazilian commercial vehicles business and keep open a U.S. truck plant as the two key markets show signs of reviving, the world's biggest truckmaker said.
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Turk regulator probes 19 auto firms on price fixing

Turkey's Competition Board said on Wednesday it had opened an investigation into 19 of the country's largest auto companies, including foreign firms operating in Turkey, for alleged price-fixing since 2006.
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Distracted driving blamed for 5,800 U.S. deaths

Transportation Secretary Ray LaHood Wednesday called distracted driving a serious epidemic with more than 5,800 annual U.S. traffic deaths tied to motorists who failed to keep their eyes on the road.
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Navistar, Jianghuai to form China truck venture

A unit of Navistar International Corp (NAV.N) and China's Jianghuai Automobile (600418.SS) plan to set up a 50-50 truck venture with investment of at least 2 billion yuan ($293 million), Jianghuai said on Tuesday.
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China Ministry of Commerce approves GM Delphi deal

China's Ministry of Commerce has approved plans by General Motors Co [GM.UL] to acquire certain assets of bankrupt Delphi Corp (DPHIQ.PK), Xinhua, the country's official news agency, reported on Tuesday.
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U.S. auto sales in September slump post-clunkers

U.S. auto sales likely fell in September back to the nearly three-decade lows of early 2009 without government incentives to spur buying, leaving in doubt the timing and pace of a recovery for the battered industry.
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Russia's AvtoVAZ plans to assemble Nissan cars

Russia's carmaker AvtoVAZ (AVAZ.MM) plans to assemble Nissan's (7201.T) class 'B' cars at its production facilities by 2012, officials and sources at AvtoVAZ and local administration told Reuters on Friday.
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VW gets wage deal for western German staff

Volkswagen (VOWG.DE) and the IG Metall union have struck a wage deal for 95,000 staff in six western German plants that calls for a 4.2 percent pay rise plus one-off payments.
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Toyota-GM's NUMMI to axe all 4,700 workers

New United Motor Manufacturing Inc (NUMMI), a joint venture between Toyota Motor Corp (7203.T) and the former General Motors Corp [GM.UL] in California, will shed its entire workforce of about 4,700 by next spring, the Nikkei business daily reported on Saturday.
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Auto-parts maker Holley files for bankruptcy

Holley Performance Products, a maker of high-performance carburetors and automotive fuel-injection systems, filed for bankruptcy on Monday, its second filing in less than two years.
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Honda unveils battery-powered unicycle

Honda Motor Co has unveiled an electric battery-powered personal transporter, a unicycle shaped like the number eight that riders steer by leaning in the direction they want to travel.
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One in five U.S. drivers admits to texting-survey

Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.
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GM says may extend money-back guarantee

General Motors Co GM.UL could extend its offer of a 60-day, money-back guarantee for consumers when the marketing program expires at the end of November, GM Vice Chairman Bob Lutz said on CNBC on Friday.
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Ford plans $490 mln China plant investment

Ford Motor Co (F.N) announced on Thursday plans to build a new $490-million flexible assembly plant in China, its third in the country, increasing annual production capacity by one-third to meet growing demand.

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