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May
11th

Renault could close Spanish factory unless it gets state aid

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Renault says it could close its under-used factory in Valladolid, near Madrid, unless the Spanish government provides financial aid to help it build a new model in the plant. Full story...
May
11th

INDIA: Car sales up for 3rd month

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New car sales in India rose for a third straight month in April, boosted by lower borrowing costs, increased rural demand and government stimulus measures. Full story...
May
11th

GERMANY/INDONESIA: Volkswagen to start Indonesia assembly

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Volkswagen on Monday said it would start local vehicle assembly operations "as a first step towards the long-term development of ASEAN markets in cooperation with [our] Indonesian partner company Indomobil". Full story...
May
11th

GERMANY: Government hopes to decide Opel guarantees by end May

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The German government is examining competing plans to invest in Opel and hopes to decide on financing guarantees by the end of the month, a leading Social Democrat (SPD) politician said on Sunday. Full story...
May
11th

ITALY/GERMANY: More of Marchionne’s merger plans emerge

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Financial details of Fiat's plan to create a giant automaker operating in Europe, America and Africa emerged at the weekend. Full story...
May
11th

Saab could be sold by early summer

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General Motors CEO Fritz Henderson said on Monday that GM will move closer toward selling its Saab brand within the next two months. Full story...
May
11th

VW gets 13,000 German orders for new Polo

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Volkswagen has got roughly 13,000 orders in Germany for its new Polo subcompact car prior to the market launch, VW said in a statement. Full story...
May
11th

Fiat workers strike over Opel merger plan

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Trade union workers at Fiat SpA's Termini Imerese plant in Sicily went on a brief strike on Monday to pressure the carmaker to disclose its plans for them in the event of a merger with Opel. Full story...
May
11th

SLOVAKIA: Output slumps overall but autos picking up

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Industrial output in Slovakia slumped 18% in March compared with the same month last year, but slowed from the 25.6% fall in February, according to official data from the country's statistics office. The February data was also revised down from the previously announced 28.2%. Full story...
May
11th

US: GM hastens supplier payments ahead of summer plant close

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General Motors is to speed up some payments to suppliers to help them deal with the planned closure of some of the automaker's assembly plants for up to nine weeks in the summer. Full story...
May
11th

Marchionne says Suzuki won’t be part of Fiat/Opel merger

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Fiat Group CEO Sergio Marchionne denied that Japan's Suzuki Motor Co. could join his planned alliance between Fiat Group Automobiles and General Motors' European and Latin American operations. Full story...
May
11th

CANADA: German Magna unit to acquire Cadence Czech operations

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Magna International's German unit Magna Presstec has won approval from European Union antitrust authorities to acquire the Czech-based operations of bankrupt US rival Cadence Innovation. Full story...
May
11th

VW seals Indonesia assembly deal, eyes expansion

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Volkswagen took a first step in its South East Asia expansion strategy with a deal to assemble Touran minivans in Indonesia this year. Full story...
May
11th

GERMANY: Porsche, Piech, families to dominate merged VW & Porsche

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The Porsche and Piech families will remain a dominant presence in the proposed merger between Volkswagen and Porsche, according to Der Spiegel magazine which at the weekend said the familes would hold about a stake of between 45 and 55%. Full story...
May
11th

GERMANY/ITALY: Unions to discuss Fiat-Chrysler-Opel merger plans

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Leaders of Italy's and Germany' s major engineering unions will meet in Frankfurt on Wednesday to discuss the job implications of the proposed Fiat-Chrysler-Opel merger and the creation of a new global giant carmaker, Reuters reported. Full story...
May
11th

UK/CHINA: Antonov signs another JV partner

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UK-based vehicle transmission specialist Antonov has announced further progress in its efforts to form a joint venture in China to manufacture and market its proprietary TX-6 transmission, with the signing of a letter of intent with Chongqing Lan Dai Industry. Full story...
May
11th

GERMANY: Germany to protect Opel assets if GM goes under

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Germany plans to protect Opel's assets from creditors if parent General Motors is forced into bankruptcy in the US next month, economy minister Karl-Theodor zu Guttenberg was quoted as saying at the weekend. Full story...
May
11th

Polytec to give up Peguform in restructuring deal

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Indebted Austrian car parts maker Polytec said on Monday it will transfer its newly-acquired Peguform unit to Austrian group Cross under a deal with creditor banks to avoid insolvency. Full story...
May
11th

Spanish Grand Prix

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Brawn and Button storm to victory in Barcelona.


Full story...
May
11th

PSA has no fear of Fiat-Opel merger

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PSA/Peugeot-Citroen has no fear of a possible alliance between Fiat and General Motors's Opel brand, a PSA board director said. Full story...
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