Sep
10th
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Canadian car parts firm Magna emerges as winner of the long race to buy Vauxhall and Opel
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Sep
10th
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10th
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General Motors' chief financial officer Ray Young is to leave soon, according to media reports. Full story...
Sep
10th
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General Motors today appeared to have bowed to strong German regional and federal political pressure as it ended months of speculation by announcing its board "supports" a bid from the Magna International consortium with Sberbank to buy a majority 55% stake in its European Opel/Vauxhall operations. Full story...
Sep
10th
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General Motors's board of directors bowed to German government pressure and recommended Magna International to buy Opel, a person "familiar with the decision" has said. The wording of an Opel Trust invitation to a press conference and breaking media reports all appear to confirm that. Full story...
Sep
10th
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General Motors today appeared to have bowed to strong German regional and federal political pressure as it ended months of speculation by announcing its board "supports" a bid from the Magna International consortium with Sberbank to buy a majority 55% stake in its European Opel/Vauxhall operations. Full story...
Sep
10th
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Vehicle production in Brazil needs to rise to 5m a year to get the economies of scale allowing launch of leading technologies and platforms. Full story...
Sep
10th
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Vehicle sales in the Philippines rose by 6.7% to 10,575 units in August, compared with 9,906 units a year earlier, according to data released by Chamber of Automotive Manufacturers of the Philippines (Campi). Full story...
Sep
10th
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Vehicle sales in Vietnam rose by 31.2% to 10,555 units in August, compared with 8,044 units a year earlier, according to data released by the Vietnam Automotive Manufacturers Association. Full story...
Sep
10th
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Spain's car sector has become the poster child of Europe's struggling car industry with sales plummeting 40% in the first six months of 2009 and losses rising to a staggering EUR300bn last year. Full story...
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10th
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Volvo Cars is recalling 26,000 cars worldwide due to faulty software that causes engine problems. Full story...
Sep
10th
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The Czech parliament has overridden a presidential veto and given the go-ahead to a scrap-for-new scheme to boost car sales. Full story...
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10th
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Lexus is to show a hybrid for the European premium compact segment at the upcoming Frankfurt Motor Show. Full story...
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10th
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BMW is to strengthen ties with PSA Peugeot-Citroen according to the German carmaker's chief financial officer Friedrich Eichiner. Full story...
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State conglomerate Russian Technologies is in talks with investment bank Troika Dialog to acquire a controlling stake in KamAZ , Russia's largest truck maker, according to Reuters. Full story...
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10th
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General Motors is expected finally today to announce the fate of Opel and there is increasing speculation it will this afternoon say it is keeping the European unit. Full story...
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10th
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