AUTO

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Honda to unveil electric car in US by 2015-Nikkei

Honda Motor Co Ltd (7267.T) plans to develop an electric car to debut in the U.S. market by around 2015 as tighter environmental regulations push demand for zero-emission vehicles, the Nikkei newspaper said on Saturday.

Germany to invite GM this week on Opel

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Germany is ready for further talks with General Motors on the sale of European carmaker Opel and wants to avoid confrontation with the U.S. firm on the matter, a government spokesman said on Monday.
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Hyundai Canada offers scrappage incentive top-up

Hyundai Motor Co's Canadian unit said on Wednesday it would top up the government of Canada's vehicle scrappage incentive program by up to C$1,000 ($910) per vehicle for people who trade in old gas guzzlers for a new Hyundai.
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Germany agrees plan to lead electric car market

German Chancellor Angela Merkel's cabinet on Wednesday agreed a plan to get a million electric cars on Germany's roads by 2020 and transform the country into the world's top electric car market.
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GM drops new Buick SUV due to lack of interest

General Motors Co GM.UL has dropped plans for a new Buick sport utility vehicle due to lack of consumer interest, Vice Chairman Tom Stephens said on Wednesday, only two weeks after the new model was announced.
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GM raises production as

General Motors Co said on Tuesday it is increasing production in North America for the second half of 2009 after a surge in sales ignited by the U.S. government's
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Dreaming of a Ferrari? Rental is the answer

The credit crunch may have dented some motorists' dreams of owning a Ferrari but the rental market for luxury cars in many countries, including Australia, is gathering speed as the rest of the auto industry splutters.
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GM board to meet on Friday on Opel sale: sources

General Motors GM.UL board of directors will discuss on Friday the sale of its European business Opel, for which both Magna (MGa.TO) and RHJ (RHJI.BR) are in the hunt, several sources close to the deal said.
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Toyota to buy batteries for hybrids from Sanyo: source

Toyota Motor Corp will buy hybrid-car batteries from Sanyo Electric Co, a source familiar with the matter said, as the automaker struggles to meet growing demand for the fuel-sipping vehicles due to a shortage of battery supply.
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Chrysler to make Fiat in Mexico: report

Chrysler Group is planning to produce Fiat SpA's (FIA.MI) Fiat 500 subcompact at a Chrysler plant in Mexico, the Wall Street Journal reported, citing people familiar with the matter.
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Electric car sticker shock awaits U.S. consumers

As American consumers abandon gas-guzzling SUVs for greener alternatives, they also face a new kind of sticker shock -- confusing claims about the energy efficiency of electric cars heading for showrooms.
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Porsche, VW might merge before 2011: report

German carmakers Porsche (PSHG_p.DE) and Volkswagen (VOWG.DE) might merge in 2010 already instead of 2011 as currently planned, German newspaper Die Welt reported, citing VW's finance chief.
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Ford boosts output as

Ford Motor Co (F.N) said on Thursday it will increase production over the rest of the year after a surge in sales triggered by the U.S. government's
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Chrysler creditors win approval for Daimler suit

Creditors of Chrysler have won approval from a federal bankruptcy court to sue Daimler AG (DAIGn.DE) and pursue a claim that its 2007 sale of Chrysler stripped the U.S. automaker of its most valuable assets.
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VW, Porsche broadly agree outline of sale-sources

Volkswagen (VW) (VOWG.DE) and Porsche (PSHG_p.DE) have broadly agreed on details for a deal to combine two of Europe's most storied automakers, two VW supervisory board members told Reuters on Wednesday.
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GM plans significant increase in ad spending

General Motors Co GM.UL plans to increase its advertising budget for the rest of 2009 and 2010 to challenge consumer perceptions on quality and fuel economy that the automaker believes are out of line with improvements in its vehicle line-up.
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GM claims unprecedented mileage rating for Volt

The Chevrolet Volt -- the electric vehicle General Motors Co [GM.UL] is counting on to recharge its image with consumers -- is on track to hit an unprecedented fuel economy rating of 230 miles per gallon in city driving, the automaker said on Tuesday.
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GM turns to eBay to sell cars

General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy new vehicles online, the companies said on Monday.
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Formula One, Universal eye global TV concerts

Can fast cars, glamorous locations and superstar acts establish a global live-music TV franchise? Universal Music Group International and Formula One Administration are banking on it as they prepare to launch their F1 Rocks concert series this fall.

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