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Jun
8th

NIGERIA: Anti-corruption agency launches probe into Daimler

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Nigeria's anti-corruption agency Is investigating the involvement of government officials in alleged bribes paid by Daimler and a local vehicle assembly company. Full story...
Jun
8th

INDIA: Apollo eyes China tyre market

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Apollo Tyres is planning to be the first Indian tyremaker to enter China, the world's largest tyre producer and exporter as well as a major consumer. Full story...
Jun
8th

NETHERLANDS: Spyker mulls using Saab dealers globally

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Spyker Cars is mulling the use of Saab dealerships as it looks to establish a global footprint. Full story...
Jun
8th

Audi e-tron scooped

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Electric supercar spotted out in the open, confirming a production version is on the way


Full story...
Jun
8th

Panoz launches newest Le Mans racer, the Abruzzi:

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The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Full story...
Jun
8th

Panoz launches newest sports car, the Abruzzi:

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The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Full story...
Jun
8th

SPAIN: Opel silent on EUR160m regional loan guarantee

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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...
Jun
8th

INDONESIA: Astra upgrades market forecasts

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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...
Jun
8th

CHINA: Honda hit by second strike in China

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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...
Jun
8th

GERMANY: Mercedes on course for double digit sales growth

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Mercedes-Benz sales continued to climb in May, up 18% to 101,400 vehicles versus 86,300 in May 2009. Full story...
Jun
8th

China May car sales rise 26%, slowest growth rate this year

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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...
Jun
8th

China May car sales up 26%; slowest growth rate this year

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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...
Jun
8th

Honda hit by another strike in China

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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...
Jun
8th

Daimler bribery probe launched in Nigeria

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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...
Jun
8th

GM issues shares worth $24.5 million to executives

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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...
Jun
8th

Honda to halt production at two China assembly plants

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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...
Jun
8th

Germany withholds findings that support Opel’s aid bid, politician says

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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...
Jun
8th

GM issues shares worth $24.5 million to executives

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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...
Jun
8th

Passive Germans finally become aggressive in China

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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...
Jun
8th

GM issues shares worth $24.5 million to executives

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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...
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