AUTO

Daimler, Porsche curb hours amid car slump

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Carmakers Daimler AG (DAIGn.DE) and Porsche (PSHG_p.DE) plan short working hours at plants in Germany later this year, abandoning hopes that a year-long sales swoon could reverse quickly.
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GM to restart Venezuela output, assemble new car

General Motors Co [GM.UL] will end a three-month stoppage at its Venezuela plants next week after reaching an agreement with the government of President Hugo Chavez to free up foreign currency to import parts.
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Ford CEO has carte blanche to stay: chairman

Ford Motor Co (F.N) Chief Executive Alan Mulally, credited with steering the automaker's turnaround, won an endorsement for an indefinite tenure from Ford's chairman and the founding family's senior representative at the company.
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BMW plans Mini expansion at UK plant

German carmaker BMW (BMWG.DE) revealed plans to build two new Mini models at its plant near Oxford in central England on Thursday, boosting British manufacturing and the embattled motor sector.
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BMW sees U.S. sales growth in coming months

BMW (BMWG.DE), the world's largest premium carmaker, expects to post U.S. sales growth in the last four months of 2009 as the economy shows signs of coming out of the worst part of the recession, the head of its U.S. operations said on Tuesday.
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India's Maruti not worried by increased competition

Maruti Suzuki India (MRTI.BO), the country's top car maker, is confident of maintaining profits and growth despite increasing competition, including from Tata Motors' (TAMO.BO) Nano, the world's cheapest car.
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Hyundai Mobis wins $2 billion order from Chrysler

South Korea's largest car parts maker Hyundai Mobis Co (012330.KS) has won a $2 billion order from Chrysler for chassis modules to be used in two Chrysler car models, sending its shares up more than 7 percent.
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Volkswagen to reduce outsourcing, exec tells paper

Volkswagen (VOWG.DE) plans to manufacture more car parts itself rather than buying from outside suppliers as part of a bid to boost productivity, the German carmaker's head of production told a German newspaper.
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Global factory output rising; clunkers boost U.S.

Manufacturers from several countries including the United States produced some upbeat news on Tuesday, indicating that a recovery from the deepest global downturn since World War Two is slowly gaining traction.
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Canadian auto sales drop for 10th straight month

Auto sales in Canada fell for a 10th straight month in August, industry figures showed on Tuesday, though Ford managed to maintain the sales and market-share momentum that it gained in the middle of the industry crisis.
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U.S. auto sales boom; Hyundai, Ford gain ground

U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy.
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Toyota to ask new Japan government to extend green car aid

Toyota Motor Corp, the world's largest carmaker, will ask Japan's new government to extend the deadline for subsidies on purchases of new environmentally friendly cars by two years from the original schedule of March 2010, a Toyota executive said on Wednesday.
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GM's August China vehicle sales more than double

General Motors Co GM.UL said on Wednesday its China vehicles sales in August jumped 112.7 percent from a year earlier, paving the way for a more than 40 percent rise in sales for the full year.
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RHJ raises stakes in Opel poker with sweetened bid

Belgian finance investor RHJ International (RHJI.BR) raised the stakes in the ongoing bidding war with rival Magna (MGa.TO) for GM's GM.UL Opel unit, as sources said the U.S. automaker's board was due to discuss the deal.
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Chrysler U.S. sales down 15 percent in August: source

Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.
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GM U.S. August sales fall 20.2 percent

General Motors Co [GM.UL] posted a 20.2 percent drop in U.S. sales in August from a year earlier, the highest sales of the year, supported by the U.S. government's
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Stuttgart prosecutors continue Porsche raids

Stuttgart prosecutors raided another apartment and confiscated material in connection with a probe of Porsche (PSHG_p.DE) employees, the spokeswoman for the Stuttgart prosecutor's office said Tuesday.
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No delay for car makers on EU chemicals ban

Car makers will not be granted a delay to an agreed 2011 European ban on climate-damaging chemicals in the air conditioners of new car models, European Parliament officials said on Tuesday.
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Volvo Car sees good demand for luxury cars in India

The Indian unit of Volvo Car Corp, a subsidiary of Ford Motor Co (F.N), expects industry sales of luxury cars to rise to about 10,000 this year from about 7,000 last year and to keep growing in double-digits for some years.
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Tata Motors to return Nano land if compensated

India's Tata Motors (TAMO.BO) is willing to return the original site for its ultra-cheap Nano car if the state government compensates for the investment on the land, its chairman said on Tuesday.
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French car sales rise 7 pct in August-CCFA

Scrapping bonuses pushed French new passenger car sales up 7 percent in August to 110,607 units, carmakers' association CCFA said on Tuesday, while light utility vehicle sales, which are not eligible for payouts, plunged.
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Govt schemes seen boosting August car sales

Europe and the United States were both set to report rises in August car sales thanks to government scrappage incentives, and France said it may extend its scheme beyond the year's end.
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China could judge Tengzhong deal commercially

Chinese regulators could decide whether to approve a domestic firm's bid for General Motors' GM.UL Hummer brand based on commercial, not political, factors, a government academic with one of the regulators said at the China Investment Summit on Monday.
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Jaguar, Land Rover weigh on Tata Motors' earnings

Tata Motors (TAMO.BO) (TTM.N), India's largest vehicle maker, posted a consolidated loss for its fiscal first quarter, but remained confident about the prospects of its loss-making Jaguar and Land Rover (JLR) unit.
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Fiat unit in battery deal for electric vehicles

Italian vehicle group Fiat SpA's (FIA.MI) Magneti Marelli unit has signed an agreement with Italy's FAAM SpA for development, production and sale of lithium batteries, Fiat said on Monday.

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