Italy's labor minister summoned Fiat and trade unions for talks on July 28 after the company's decision to move production of some vehicles to Serbia fueled fears for the future of its biggest Italian plant.
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Management and unions at Hyundai Motor in South Korea have agreed on a new wage deal without a strike for the second year running.
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General Motors on Friday said it would introduce a new "greenhouse gas-friendly" air conditioning refrigerant in 2013 models in the US, claiming it would keep vehicle interiors as cool as today while reducing heat-trapping gases in the atmosphere by almost 100%.
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Johnson Controls (JCI), which on Friday announced a healthy boost in third quarter revenue and profit, said it had agreed to acquire 90% of its existing joint venture with auto battery maker Delkor Corporation in Seoul, South Korea. The remaining 10% will be acquired by the local management team, with completion expected by 15 August.
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Johnson Controls (JCI) has reported higher third quarter profits and a a 22% increase in revenues with higher sales in each of its three businesses, two of which are in the auto sector. The company also said earnings for fiscal 2010 were expected to be at the high end of previous guidance.
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Ford Motor Credit boosted net income $143m year on year to $556m in the second quarter of 2010.
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Johnson Controls Inc.posted quarterly earnings that more than doubled from year-earlier levels but fell short of analysts' expectations, sending its shares down almost 7 percent. Sales rose 22 percent to $8.
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General Motors Co., the automaker 61 percent owned by the U.S. Treasury, is facing criticism over its decision to pay $3.5 billion to buy a lender that specializes in auto loans to shoppers with less than top-notch credit.
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In a low-key industrial complex just north of Detroit sits a trove of 1960s and '70s Alfa Romeos.
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Autoliv Inc., the world's biggest maker of airbags and seatbelts, raised its full-year sales outlook on Friday as it beat earnings forecasts for the second quarter and reported a record operating margin.
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Volkswagen said sales increased 5.7 percent in June helped by demand in China and the United States.
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Ford of Europe reported a big rise in quarterly profit despite a steady decline in unit sales during the three-month period.
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Ford Motor Co. reported a second-quarter profit of $2.6 billion as U.S. sales rose 20 percent and the automaker continued to gain market share.
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Porsche has secured the jobs of its 8,600-strong German workforce for another five years in return for a pledge from unions to boost productivity more than 6% annually.
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Ford has reported second quarter net income of US$2.6bn, or 61 cents per share, a $338m improvement from second quarter 2009. Pre-tax operating profit totaled $2.9bn, or 68 cents per share, a $3.5bn improvement from second quarter 2009 and a $932m improvement from first quarter 2010.
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After posting its biggest first-half profit in 12 years, Ford Motor Co. is sticking with plans to boost earnings next year even as 'business conditions' remain challenging. Ford benefited from a 20 percent rise in U.S.
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A GM filing with the U.S. Securities and Exchange Commission would be the first step toward an IPO to reduce the U.S. government's ownership in the automaker after a $50 billion bailout in 2009.
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It has certainly not been a quiet year for Didier Leroy. He started 2010 as Toyota's European sales and marketing boss and, as damaging recall problems dented the company's global reputation, he was appointed chief quality officer for the region in March. Last month he became president of Toyota Motor Europe.
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