Auto News 5

General Motors in Spain is remaining tight-lipped as to whether it has secured EUR160m (US$191m) in financial guarantees from the Aragon regional government. Full story...

Indonesia's vehicle market is set to hit a new record high this year, according to PT Astra International - the country's largest vehicle distributor. The company is majority-controlled by Singapore's Jardine Cycle & Carriage. Full story...

Honda Motor confirmed that workers at a second components plant in China have gone on strike just days after industrial action was called off at another components plant, also partially-owned by the Japanese car company. Full story...

Mercedes-Benz sales continued to climb in May, up 18% to 101,400 vehicles versus 86,300 in May 2009. Full story...

China's passenger-car sales in May rose 26 percent from a year earlier, the slowest pace this year, setting the stage for more moderate but solid growth in the coming months after fast-paced expansion in 2009. Full story...

China's passenger-car sales in May rose 26 percent from a year earlier, the slowest pace this year, setting the stage for more moderate but solid growth in the coming months after fast-paced expansion in 2009. Full story...

Honda Motor Co. affiliate Yutaka Giken Co. closed a factory in China after workers went on strike demanding higher pay. The walkout is the second to affect the Japanese automaker in less than a month. Employees at Foshan Fengfu Autoparts Co. Full story...

Nigeria's anti-corruption agency said today it was investigating the involvement of Nigerian officials in alleged bribes paid by luxury car and truck maker Daimler AG and a local vehicle assembly company. Full story...

General Motors Co. is giving 12 top executives share equivalents worth an estimated total of $24.5 million that could be exercised once the company goes public. CEO Ed Whitacre wants GM shares to trade by the fourth quarter. Full story...

Honda Motor Co. is suspending operations at two China assembly plants after a strike at an exhaust systems supplier disrupted production just days after a strike at another supplier was settled. Full story...

A senior German politician representing the interests of Opel workers in East Germany said the Berlin government was suppressing information that could bolster the case for granting 1.1 billion euros ($1. Full story...

General Motors Co. is giving 12 top executives share equivalents worth an estimated total of $24.5 million that could be exercised once the company goes public. CEO Ed Whitacre wants GM shares to trade by the fourth quarter. Full story...

For decades, Volkswagen AG has enjoyed a comfortable status as China's top automaker on the strength of ancient models like the Santana and Jetta. But as aggressive rivals nip at its market share, VW finally is preparing to defend itself. Full story...

General Motors Co. is giving 12 top executives share equivalents worth an estimated total of $24.5 million that could be exercised once the company goes public. CEO Ed Whitacre wants GM shares to trade by the fourth quarter. Full story...

There will be some action on the track this week as IZOD IndyCar series' teams and drivers will be testing at venues that will play host to upcoming events. Full story...

Such is the sport's rumour mill that MotoGP ace Valentino Rossi badly breaking his leg has reignited speculation he might switch to formula one sooner rather than later. Full story...

An engineer was wrong to tell Lewis Hamilton that his teammate Jenson Button would not overtake during the recent Turkish grand prix. Full story...

Drivers who enjoy the convenience of Ford SYNC with Traffic, Directions & Information (TDI) soon will be able to select a destination on Google Maps and send it to their Ford, Lincoln or Mercury vehicles. Full story...

LE MANS, France - Don Panoz again has captured the Spirit of Le Mans. This time, one of the world's most forward-thinking entrepreneurs is pairing his newest automotive masterpiece with the legacy of the world's greatest auto race. The Panoz Abruzzi "Spirit of Le Mans" broke cover today at the Circuit de La Sarthe, an appropriate venue for the world debut of a ground-breaking automobile with a very appropriate delivery and acquisition program for its customers. Full story...

- Wide, spectacular and clad in an authentic racing car outfit - two very special S-Class saloon models from the AMG stable. One is the racing touring car of 1971, the 300 SEL 6.8 AMG, and the other is the S 63 AMG showcar. Full story...