Toyota Motor is to sell brokerage unit Toyota Financial Services Securities to Tokai Tokyo Financial Holdings as it seeks to focus on its mainstay vehicle business, sources told Kyodo News on Thursday.
Full story...
Reversing a trend of recent years to outsource, Volkswagen is bringing a large part of components production back to its own plants.
Full story...
Magna is planning talks with customer Volkswagen to dispel its doubts on the Opel takeover, co-chairman Don Walker has said. A meeting is next.
Full story...
BorgWarner (BW) is to supply its eGearDrive transmission for Santa Monica-based Coda Automotive's electric sedan, scheduled for introduction in California next year.
Full story...
ArvinMeritor has officially opened its new technical centre in Bangalore to develop axle and brake parts for commercial and other vehicle applications in Asia Pacific markets.
Full story...
The key union representing Jaguar Land Rover (JLR) workers has accused the Tata Motors-owned automaker of not upholding an earlier agreement over the final salary pension scheme in its new business plan announced on Thursday and blamed management for the company's present financial state.
Full story...
Long-running MPV gets a practical update, inside and out.
Full story...
Forecaster and market analyst JD Power is projecting that the US light vehicle market will see a substantial drop in September following the end of Cash for Clunkers.
Full story...
Hyundai expects to end 2009 with European sales up 17% year on year at 336,000 units. Last year, Hyundai sold 286,000 cars across the continent, 10% less than in 2007.
Full story...
China's commerce ministry is investigating the takeover by General Motors of its former parts division Delphi.
Full story...
UK government business secretary [minister] Peter Mandelson has said he does not believe Magna International's plan for Opel is "commercially the most viable".
Full story...
Opel's workers' representatives have questioned the Magna International consortium's plans to restructure the automaker, despite supporting the deal.
Full story...
One brand sums up just how big a shake-up the European market has had in 2009: Kia. Trailing Honda by only 6,500 units after the first eight months, the Korean firm is clearly on a roll. Perhaps surprisingly, it is the battered UK market that's been leading the charge. Kia Motors UK's new managing director Michael Cole tells Glenn Brooks not only how those sales gains are being made, but also profits.
Full story...
Renault wants to stay in F1 motor racing and continue to make an important contribution to the sport, the company has told the FIA, motorsports' controlling body.
Full story...
Avtovaz, which is 25% owned by Renault, will cut up to 27,600 jobs, about on-third of its workforce, to help it reach "effective and profitable production."
Full story...
Volkswagen expects global car markets to stagnate next year, a top executive said as he asked workers to help the world's third largest automaker catch up with the leaders.
Full story...
Ford CEO Alan Mulally has said he expected the group, hit by the global slump, to be profitable in 2011, despite the US market recovering more slowly than from past recessions.
Full story...
Jaguar Land Rover (JLR) has said it will close one of its plants in the West Midlands after 2014 in a cost-cutting move that follows deep financial losses that have hurt Tata Motors' bottom line.
Full story...
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
The latest auto news, reviews, prices, product and vehicle releases. Auto News 5
