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Visteon plans to sell its climate business into its Halla Climate Control joint venture for cash, the company said in a regulatory filing ahead of an investor call later today.
Visteon is in discussions to sell its interiors business, but "there's no gun to our head" to sell quickly, the U.S. auto parts supplier's top executive said on Wednesday.
Kia aims to attract a new group of consumers when it launches the new Carens medium minivan in Europe early next year. The company today released pictures of the third-generation Carens, which will debut at the Paris auto show on September 27.
Subaru maker Fuji Heavy Industries on Wednesday it would increase annual production capacity at its main plant in eastern Japan to 180,000 units from the current 150,000 by summer 2013.
French car and light commercial vehicle orders extended their slump last month, according to a dealership survey, falling 8.5 percent.
It was only a matter of time before Chevrolet responded to the track-focused Ford Mustang Boss 302 with a version of the Camaro.
Volkswagen will reintroduce diesel cars to Japan almost 40 years after it last sold them in the country in a bid to more than double total sales to 110,000 units by 2018 with a dealer network expanded from 250 to 330.
Toyota, already increasing capacity at its Bangalore facilities by almost 50%, could add a third Indian plant to meet demand, according to local media reports.
Senior Belgian union sources say Ford Europe will confirm imminently its intention to assemble the successors to the Galaxy and S-MAX models at its Genk plant.
It has been almost 13 years since Colombia signed the last update of the Andean Automotive Agreement (AAA) under which the country, Ecuador and Venezuela increased local content in their assembly plants to 34.5% and kept a 'no tariffs' policy for trade between the countries.
Indonesia's largest automotive components group, PT Astra Otoparts, announced the establishment of two new wholly-owned subsidiaries.
Volkswagen AG's Porsche unit will reduce investment spending and cut costs next year to offset lower-than-expected car sales and maintain its high profitability in 2013.
Porsche will reduce investment spending and cut costs next year to offset lower-than-expected car sales and maintain its high profitability. "We will possibly delay the one or the other project," Porsche CEO Matthias Mueller said.
Volkswagen AG's Porsche unit will reduce investment spending and cut costs next year to offset lower-than-expected car sales and maintain its high profitability in 2013.
A spokesperson for Honda has told just-auto that the firm's European division has "no immediate plans" to replace the Accord, despite a new model having been launched in North America earlier this month.
Japanese automakers Toyota, Nissan and Honda are bracing for what may become a bigger crisis in China than last year's tsunami in Japan.
Japanese automakers Toyota, Nissan and Honda are bracing for what may become a bigger crisis in China than last year's tsunami in Japan.
Japanese automakers Toyota, Nissan and Honda are bracing for what may become a bigger crisis in China than last year's tsunami in Japan.