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Nov
19th

US: Speaker highlights manufacturing in GM rescue

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US Speaker Nancy Pelosi has hailed the taxpayer funded rescue of General Motors as evidence of a recovery in manufacturing. Full story...
Nov
19th

BMW’s revamped X3 is no threat to the Q5 according to Audi

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Audi doesn't think U.S. sales of its Q5 SUV will be hurt by the launch of BMW's second-generation X3 SUV.. 'I don't expect to see any downturn in Q5 volume. Full story...
Nov
19th

BMW’s revamped X3 is no threat to the Q5 according to Audi

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Audi doesn't think U.S. sales of its Q5 SUV will be hurt by the launch of BMW's second-generation X3 SUV.. 'I don't expect to see any downturn in Q5 volume. Full story...
Nov
19th

US: AT&T adds CNG truck to California fleet

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AT&T has today (19 November) unveiled a medium-duty truck as the latest alternative-fuel vehicle addition to its California fleet. Full story...
Nov
19th

JAPAN: MMC signs EV agreement with Singapore government

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Mitsubishi Motors Corporation (MMC) and its distributor in Singapore Cycle & Carriage Automotive PTE Limited (CCA) has announced the signing of a cooperation agreement to collaborate on activities to 'popularize electric vehicles (EV) with the Singapore government'. Full story...
Nov
19th

US: United Steelworkers extend Titan Tire contracts

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Union representatives at United Steelworkers (USW) said today (19 November) the union has extended its contracts with Titan Tire at three facilities while negotiations for a new contract proceed. Full story...
Nov
19th

GM Europe’s reorganization is ahead of schedule, Reilly says

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GM's European division is reorganizing faster than planned as higher car prices help limit losses this year, said unit head Nick Reilly. The division will lose $1. Full story...
Nov
19th

GM Europe’s reorganization is ahead of schedule, Reilly says

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GM's European division is reorganizing faster than planned as higher car prices help limit losses this year, said unit head Nick Reilly. The division will lose $1. Full story...
Nov
19th

Volkswagen to spend $71 billion to help leapfrog Toyota

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Volkswagen said it will invest about 51.6 billion euros (nearly $71 billion) in its automotive division in the next five years as it aims to pass Toyota as the No. 1 global automaker in sales and profitability by 2018. Full story...
Nov
19th

Volkswagen to spend $71 billion to help leapfrog Toyota

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Volkswagen said it will invest about 51.6 billion euros (nearly $71 billion) in its automotive division in the next five years as it aims to pass Toyota as the No. 1 global automaker in sales and profitability by 2018. Full story...
Nov
19th

General Motors sells $500 million stake to China partner SAIC

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GM sold a $500 million stake in its initial public offering to Chinese partner SAIC Motor Corp., cementing ties that have helped the American company boost sales in the world's largest auto market. SAIC bought the 0. Full story...
Nov
19th

Toyota will launch electric iQ in green push

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Toyota will launch an electric version of its iQ minicar in 2012, targeting urban commuters who drive short distances. Full story...
Nov
19th

Rattner seeks damages from firm in pension probe

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Steven Rattner, former head of the U.S. autos task force, is seeking damages from Quadrangle Group LLC, the private equity firm where he previously served as managing principal. Full story...
Nov
19th

VW will need to expand U.S. dealer network, Browning says

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Volkswagen of America will need to expand its dealer network after 2014, said Jonathan Browning, Volkswagen Group of America's CEO. The extra dealers will be needed to achieve VW's goal to sell 800,000 units annually in the United States by 2018. Full story...
Nov
19th

French battery maker Saft eyes Chinese EV market

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European battery producer Saft and its automotive partner Johnson Controls are in talks with a number of local companies to enter the Chinese market for electric vehicles. Full story...
Nov
19th

Hyundai guns for Corolla, Civic with Elantra

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Hyundai, which cut into Toyota's and Honda's U.S. midsize-sedan sales this year, aims to increase its share of the small-car market with a more fuel-efficient, restyled 2011 Elantra. Full story...
Nov
19th

Alfa Romeo price tag drops by 80 billion euros #8211; but it is still way too expensive

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Alfa Romeo's selling price dropped by 80 percent this week to 20 billion euros. Full story...
Nov
19th

Old GM’s creditors make $5 billion in IPO, are entitled to more

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General Motors Co.'s $20 billion initial public offering will benefit creditors of the former GM, who made about $5 billion on the IPO and can buy millions of new shares for as little as a third of today's price. Full story...
Nov
19th

How GM won over IPO investors with vows of change

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The strong demand for General Motors shares that emerged from U.S. Full story...
Nov
19th

Honda to expand sales of natural gas Civics

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Honda, the only automaker currently selling a natural gas-powered car to U.S. consumers, plans to expand sales to most of the 50 states next year, up from four now, U.S. Executive Vice President John Mendel said. Full story...
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