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Volkswagen is to launch the Beetle in India. Full story...
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GM Daewoo incurred a foreign exchange loss of nearly 3.1 trillion won (US$2.6bn) by mishandling currency risks last year, about 800 billion won more than previously revealed. Full story...
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A four-year master labour contract ratified by members of the United Steelworkers union on 18 September "achieves the company's objectives and will help it to realize profitable growth by producing tyres in North America," Goodyear Tyre & Rubber Company said. Full story...
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As India's car market enjoys a buoyant festival season, a number of cars such as Maruti's Dzire and Ritz, Honda's City, Hyundai's i20 and Toyota's Fortuner SUV are reportedly in short supply. Full story...
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Striking hybrid concept points to a petrol-electric family car of tomorrow

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AutoNews5 Tags: Concept, Subaru

A senior Toyota executive has said that quitting Formula One racing was an option, partly in view of the costs involved, Japanese media have reported. Full story...
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Manganese Bronze Holdings, maker of the trademark London taxi cabs, has issued a profit warning and said job losses are likely as part of a restructuring of its loss-making British operations. Full story...
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Robert Bosch has prevented German investment company Aurelius from closing a plant owned by former Bosch subsidiary Blaupunkt in Tunis. Full story...
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Turkey's Competition Board had opened an investigation into 19 of the country's largest auto companies, including foreign firms, for alleged price-fixing since 2006, it said on Wednesday. Full story...
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Firm reveals new plug-in hybrid SUV capable of returning over 100mpg!

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AutoNews5 Tags: Mitsubishi

Toyota on Wednesday said it would hire 1,600 temporary workers starting next month. Three weeks ago, it had said it would recruit 800. Full story...
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The Turkish government would not extend tax breaks introduced to benefit the automotive sector but was considering a possible 'cash for clunkers' programme, industry minister Nihat Ergun said on Wednesday. Full story...
AutoNews5 Tags: Automotive, Mini

Japanese production of cars, trucks and buses in August fell 25.9% year on year to 571,787 units for the 11th straight month of decline though the rate of decline slowed for the sixth consecutive month, the Japan Automobile Manufacturers Association (JAMA) said. Full story...
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Brazil's new car prices are set to rise as a tax break expires at the end of this month, though the impact on the market is expected to be limited. Full story...
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Russian state bank VEB may get a stake in the troubled carmaker AvtoVAZ by acquiring an issue of its infrastructure bonds and converting them into equity, Kommersant business daily said on Wednesday. Full story...
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Nissan Motor's Chinese joint venture expects to boost sales almost 30% ahead of the original target to 500,000 cars this year. Full story...
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The Ukranian News Agency reports that in the January-August, LuAZ production reached 10,994 units, down by 82% over the same period of 2008. Full story...
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Saab, currently being sold by General Motors, might not get the full SKR4.3bn (US$612m) loan it has requested from the European Investment Bank (EIB), a local paper Dagens Industri said, citing an anonymous source. Full story...
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Mercedes-Benz's Brazilian commercial vehicle unit is hiring 800 new employees to work in truck and bus production at its Sao Paulo plant. Full story...
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Toyota is to recall 3.8m vehicles in the US - reportedly its largest ever recall in that market - to check for incorrectly installed or incorrect driver's floor mats that could jam the accelerator pedal. The move followed the deaths of four people earlier this month in a new Lexus dealer demonstrator apparently fitted with the wrong mats. Full story...
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