Auto News 5

Reaching a deal to acquire General Motors' European unit Opel in just a few weeks was never going to be easy for Canada's Magna International Inc. Full story...

Magna and Russian partners will surely win the bid for Opel, IG Metall trade union head Berthold Huber has said. Full story...

A Chinese auto tycoon who fled the country after being accused of economic crimes is preparing an ambitious plan to make clean-tech cars in the United States, a report said. Full story...

The Automotive Lease Guide bumped up residual values for all three Chrysler brands in July, primarily because of the automaker's rapid exit from bankruptcy. Full story...

General Motors Europe's new-car sales fell 20 percent to 471,823 in the second quarter, compared with a decline of 18 percent for the industry, the carmaker said on Thursday. Full story...

UK-based engineering firm Revolve Technologies was formed by an MBO in 2007 when Roush Industries (an engineering arm of the Roush empire that is perhaps best known for Roush Racing and NASCAR) decided to divest its European operations. Revolve says it has a diverse portfolio of multi-tier automotive and non-automotive clients across a broad spectrum of industries including car and commercial vehicles, transportation, infrastructure, agriculture, defence and energy. Dave Leggett recently spoke to John Mitchell, Managing Director, and Chairman Andrew Williams, to find out more about the business. Full story...

As many as four separate bids are expected to be submitted tomorrow for bankrupt Delphi, including billionaire investor Carl Icahn, a US newspaper said on Thursday. Full story...

Japanese car parts supplier Denso Corp will lay off up to 800 workers at its Hungarian plant by the end of September, national news agency MTI reported on Thursday, citing the company. Full story...

Italy's 2009 new car sales will match those of last year, the industry ministry has said, predicting a second half bounce after a 10.7% fall in the first half. Full story...

Czech President Vaclav Klaus vetoed a law on Thursday introducing a subsidy for buying new cars in turn for scrapping old ones. Full story...

Senior German politicians from the CDU political party have provided some support for alternative - to Magna - bids for Opel. Full story...

Senior German politicians from the CDU political party have provided some support for alternative - to Magna - bids for Opel. Full story...

BYD Auto has reported sales of 176,795 units during the first half of 2009, up 176% over last year. Full story...

BMW could delay the launch of its Mini hatchback in India for a second time. BMW's India chief Peter Kronschnabl said the company will reconsider launching Mini in India by the end of this year, having already delayed it from 2007 Full story...

Toyota has been ranked highest in a JD Power customer satisfaction survey of dealer aftersales service in Thailand for the second consecutive year. Full story...

Reports in Taiwan say that US-based electric car maker Tesla Motors is planning to increase its supply of parts from Taiwanese suppliers. Full story...

Fuji Heavy Industries Limited, owner of Subaru, is considering producing vehicles in China, according to Japanese newspaper Mainichi Shimbun. Full story...

Fuji Heavy Industries Limited, owner of Subaru, is considering producing vehicles in China, according to Japanese newspaper Mainichi Shimbun. Full story...

Carmakers look set to fail in their attempts to delay a 2011 European ban on climate-damaging chemicals in the air conditioners of new car models, a letter from the EU's industry chief shows. Full story...

Another boom in car sales is beginning in China, spurred by rising incomes in third-tier cities, and could continue for a few years, JP Morgan said on Wednesday. Full story...