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Mar
31st

Fiat CEO flies to Detroit for Chrysler talks

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Fiat's CEO has flown to Detroit to meet Chrysler LLC's unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S. Full story...
Mar
31st

Fiat CEO flies to Detroit for Chrysler talks

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Fiat's CEO has flown to Chrysler LLC's home town of Detroit to meet trade unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S. Full story...
Mar
31st

Fiat’s Marchionne in Detroit to meet with unions

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Fiat's CEO has flown to Detroit to meet Chrysler LLC's unions and creditors after U.S. authorities gave the carmakers 30 days to set up a partnership to save Chrysler. Sergio Marchionne flew late on Monday to Detroit after U.S. Full story...
Mar
31st

Germany’s Merkel pledges support for Opel rescue

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Germany's Chancellor Angela Merkel today pledged to find a solution for General Motors's financially troubled Opel unit. Full story...
Mar
31st

GM’s chairman ‘asked to leave’ by Barack Obama

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President asks Rick Wagoner to step down and calls for better restructuring plans before any more hand-outs


Full story...
Mar
31st

VW predicts strong growth for India

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Volkswagen AG sees enormous potential in India despite the current economic slowdown, a senior official said on Tuesday. Full story...
Mar
31st

Fresh-faced Range Rover in light show

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Prototype caught on test debuting new LED technology.


Full story...
Mar
31st

US: GM accepts bankruptcy possible

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America's biggest automaker described last night's auto industry announcement by president Obama as beginning "a new era for the US auto industry" [which] also marks a defining moment in the history of General Motors" and acknowledged its final restructuring could include a "court-supervised process". Full story...
Mar
31st

CHINA: Locals not big enough to swallow foreign rivals

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Chinese automakers are still not big enough to take over their troubled foreign rivals despite their global ambitions, analysts and company officials have said. Full story...
Mar
31st

CHINA: Daimler JV getting DC split compensation

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Beijing Benz-DaimlerChrysler Automotive (BBD), a joint venture between Daimler and Beijing Automotive Industry Holding, will receive RMB 6.7bn (US$982m) from Daimler as compensation for capital and operation losses caused by the splitting of Daimler and Chrysler, China Business News reported. Full story...
Mar
31st

CHINA: Dongfeng Nissan recalls Sunny sedans

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Dongfeng Motor Company's Nissan JV has begun a national recall of 5,014 Sunny sedans due to suspension flaws. Full story...
Mar
31st

CHINA: GM JV engine plant starts output

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SAIC-GM-Wuling Automobile has begun making engines at its new Qingdao plant. Full story...
Mar
31st

GERMANY: Potential Opel stakeholders exist – minister

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There are private investors potentially interested in taking a stake in General Motors' German unit Opel, economy minister Karl-Theodor zu Guttenberg said. Full story...
Mar
31st

Germany’s economy minister says there is investor interest in Opel

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German Economy Minister Karl-Theodor zu Guttenberg said today there are private investors potentially interested in taking a stake in General Motors' German carmaker Opel. Full story...
Mar
31st

Germany’s Deputy Chancellor demands 29% gov’t stake in Opel

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Germany's Deputy Chancellor Frank-Walter Steinmeier wants European governments to bail out General Motors' Opel brand by taking a stake of up to 29 percent in the struggling carmaker. Full story...
Mar
31st

VW hedges give Porsche 6.8bn euro windfall

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Porsche Automobile Holding SE landed a 6.84 billion euro ($8.99 billion) windfall from its share options in Volkswagen during the first half, lifting its pretax profit to more than twice its revenue. Full story...
Mar
31st

GM delays Hummer decision, assesses bids

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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale. Full story...
Mar
31st

France curbs perks for companies receiving state aid

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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today. Full story...
Mar
31st

Canada fears bankruptcy for GM, Chrysler units

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The Canadian government said on Monday it has to consider the possibility of a court supervised restructuring for the Canadian arms of GM and Chrysler. Full story...
Mar
31st

Wagoner never saw the ax coming in Washington

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Rick Wagoner, late of General Motors, never saw the ax coming. When he arrived at the U.S. Full story...
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