Volkswagen's (VOWG.DE) powerful supervisory board chairman, Ferdinand Piech, left open the possibility of Europe's largest car maker acquiring further brands saying a dozen is easier to remember than ten.
Toyota Motor Corp (7203.T) expects industry auto sales in Europe to remain flat or decline further in 2010, from 2009, as government incentive programs cease to inflate sales, the head of the automaker's European operations said on Monday.
Italy car maker Fiat SpA (FIA.MI) hopes for a 7 percent European market share for its Fiat brand at the year end, Fiat brand CEO Lorenzo Sistino said on Tuesday speaking at the Frankfurt Motor Show.
Cash-strapped South Korean automaker Ssangyong Motor (003620.KS) proposed a capital writedown on Tuesday that would slash the stake of SAIC Motor (600104.SS), its Chinese majority shareholder.
Here are comments made by executives from the global automotive industry at the Frankfurt Motor Show this week on the economy and the industry outlook.
News that European car sales rose for a third consecutive month in August kicked off the Frankfurt Motor Show, where automakers are showcasing green technology they hope will transform the industry.
The chief executive of Volkswagen (VOWG.DE), Europe's largest car maker, sees increasing signs for a recovery of the automotive market but cautions that the crisis is not over yet.
AvtoVAZ (AVAZ.MM), Russia's largest carmaker, said on Monday it would cut 5,000 jobs from a workforce that has already protested against cutbacks.
Magna International (MGa.TO) does not believe its controlling stake in European automaker Opel will have a negative impact on its current customers, a top executive said on Monday.
The auto industry will have to cut carbon dioxide emissions from new vans sold in the European Union by 14 percent by July 2013 or face fines, a draft EU document shows.
The chairman of German sports car maker Porsche (PSHG_p.DE), Wolfgang Porsche, is confident that a deal with Volkswagen (VOWG.DE) can be wrapped up within the next two years, he told Reuters on Monday.
The management of AvtoVAZ (AVAZ.MM), Russia's largest car maker, has signed an order to cut 5,000 jobs starting from Dec. 14, two sources close to the company said on Monday.
Indian rubber consumption in the year to April 2010 is seen at 881,000 tonnes, slightly higher than the previous estimate of 875,000 tonnes helped by higher demand for automobiles, the country's Rubber Board said.
Facing dwindling sales, Chrysler is discovering that it is easier to reinvent a balance sheet than a line-up of cars and trucks.
Magna (MGa.TO) will cut about 10,500 Opel jobs in Europe, the bulk in Germany, as it acts to return the carmaker to profit and pay back 4.5 billion euros ($6.55 billion) in state aid, its co-chief executive said.
The new Opel formed when Canadian automotive group Magna (MGa.TO) and its Russian partners take over the carmaker plans to invest 170 million euros ($247.5 million) in operations in Russia, Magna co-Chief Executive Siegfried Wolf said on Monday.
The cash for clunkers stimulus program helped the auto industry but there is no need for another similar program, General Motors GM.UL Vice Chairman Bob Lutz said on CNBC on Monday.
Renault (RENA.PA) has yet to emerge from the global economic crisis, although the auto sector should see a gradual rebound from 2010, the French car maker's chief operating officer, Patrick Pelata, told French newspaper La tribune on Monday.
Goldman Sachs raised its price targets on several European auto makers, saying the sector can continue to outperform, helped by potential positive 2010 earnings surprises that could come from an increase in sector consolidation.
The auto industry faces a cap on carbon dioxide emissions from vans in the European Union from July 2013 or fines for each vehicle that fails to comply, a draft EU document shows.
Moves to save jobs and sites at carmaker Opel when a group led by Canada's Magna International takes control continued on Sunday.
Hundreds of millions of euros in German state aid planned for carmaker Opel is earmarked for operations in Russia, an Opel trustee with reservations about the project was quoted as saying in a newspaper interview.
British carmaker Bentley, owned by Volkswagen, is seeing some signs of revival in the super luxury vehicle segment and expects sales of premium cars to improve next year, one of its top executives said on Friday.
A Canadian-Russian consortium's plan to buy automaker Opel from General Motors faced more hurdles as scrutiny of German state aid intensified and labor leaders demanded a veto over job cuts.
German carmaker Volkswagen (VOWG.DE) is bolstering its presence in Asia after approving 4 billion euros ($5.84 billion) in new investments for China and mounting another effort to build cars in Malaysia.
General Motors Co [GM.UL] has ended temporary pay cuts for salaried workers that were put in place four months ago to preserve cash before the automaker filed for bankruptcy, a spokeswoman said.
Chinese machinery maker Tengzhong's bid to acquire the Hummer brand from General Motors Co should be viewed as a trade in technology and not an overseas investment, a top Chinese planning official said on Thursday.
A decision by General Motors Co to sell a controlling interest in its European unit, Opel, was the first major decision for GM's new board and an important test of the U.S. government's pledge to let the directors and management run the company.
Canadian automotive supplier Magna International promised on Friday to ringfence its Opel operations once it takes control of the former General Motors carmaking unit.
BMW (BMWG.DE), the world's largest premium car maker, said on Friday its August car sales in mainland China surged 63.2 percent from a year earlier.
