Panasonic EV Energy Co., which supplies batteries to the Prius and most other Toyota Motor Corp. hybrid vehicles, has changed its name to reflect Panasonic Corp.'s dwindling influence in the venture.
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Saab will decide within the next few months whether to build a small car to compete with similarly sized premium models from Audi and BMW, according to Spyker CEO Victor Muller, who said he was deep in talks with potential partners about procuring a platform for the 92, a revival of a tear-drop-shaped Saab model from 60 years ago.
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General Motors and its joint ventures posted sales in China of 196,004 units last month, the company said. Though the tally was a record for the month, it was down on April sales up 41.1% year on year to a record 213,115 vehicles.
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Valeo SA, France's second-largest auto-parts supplier, rose as much as 9.2 percent in Paris trading after forecasting a 35 percent jump in first-half sales to about 4.7 billion euros ($5.8 billion).
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The importance of the German-owned Mini brand to UK plc has been underlined by Oxford factory chief Juergen Hedrich.
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COPY EDITOR CYNTHIA L. OROSCO: I was impressed with this little ute as I walked up to it in the garage. Nice exterior lines. The Tribeca looks sporty, but it's also roomy inside.
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Honda Motor has said it would resume car output at four plants in China on Friday but the outlook for next week remained uncertain as some workers at a parts factory have not yet agreed to a full return to work.
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Revenue at GAZ Group is projected to increase 20% on the year to RUB82-88bn in 2010, company's president Bo Andersson told reporters.
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Loan guarantees to GM Europe and Vauxhall could now fall back under review following the change of government in Britain.
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All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December.
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Fiat's largest union is to meet with the Italian automaker tomorrow in crunch talks to address flexible working practice issues in exchange for future Panda investment.
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Russia will pledge an additional $340 million to its car scrappage program after the incentive scheme boosted monthly car sales for the first time in 18 months in April.
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Last week, a rumour surfaced: Ford was working on a plan kill off Mercury, the automotive legacy of Edsel Ford, Henry's only child. Mercury would be starved of product and promotion over a four-year period.
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There's quite a bash going on down in Rio de Janeiro.
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About a year ago I asked Dr Pawan Goenka, Mahindra's automotive business head, whether he saw acquisitions as a way for Mahindra to grow its automotive presence. He was cautious in his response, preferring to emphasise the firm's organic growth efforts.
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Another famous American car brand is to bite the dust by the end of the year as Ford last night announced the axing of Mercury in favour of an expanded Lincoln line.
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Volkswagen India is reviving the Vento brand for its version of the Polo sedan which will be launched next autumn. It will be the brand's second volume model after the Polo hatchback and will be positioned as a premium entry level sedan.
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Honda said it will resume car production at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.
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US light vehicle sales boomed in May as the Detroit automakers blew past analyst predictions.
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Johnson Matthey, the world's largest supplier of catalytic converters, expects good progress in the first half of 2010/11 while considerable short-term uncertainties about the global economy remained.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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