Volkswagen Group chief executive Martin Winterkorn may also lead the Porsche SE holding company under a plan being discussed by the carmakers' supervisory boards.
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Beijing has called on the US to refrain from imposing punitive tariffs against China's tyre exports to the US, saying such a move may backfire.
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In News Brake: BMW will reveal hybrid versions of the X6 and the 7-series at Frankfurt, Volkswagen and Porsche talks continue, and Michael Schumacher could race again if he gets healthy . . . But Wait, There's More!
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China's Great Wall Motor is reportedly preparing for a second attempt at an A-share listing in Shanghai.
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GM has formally won permission from the European Commission to buy Delphi's Steering Business and four of Delphi's US sites.
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Hyundai Motor says it saw a 66 percent year-on-year sales jump in China during the first seven-month period of 2009 thanks to stimulus packages by the Chinese government.
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Toyota Motor Corp. plans to launch a hybrid vehicle that is cheaper and more fuel efficient than the Toyota Prius as early as 2011, a Japanese newspaper reported today.
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Toyota will reportedly start selling a new hybrid car in 2011 that is more fuel efficient than its Prius hybrid.
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Hyundai Motor has confirmed it will sell its flagship full-size large luxury car in the US market next year under the luxury Genesis brand.
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Ford Motor Co. is boosting third-quarter production of the Escape and Focus to replenish inventories depleted by cash-for-clunkers demand.
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Ford Motor Co. is cranking up production of the Ford Focus after strong cash-for-clunkers demand put the compact in short supply.
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Ford Motor Co. is boosting third-quarter production of the Escape and Focus to replenish inventories depleted by cash-for-clunkers demand.
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Ford in the US has confirmed it has boosted output of its Focus car in response to an uptick in orders for the model.
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Ford has announced that it is increasing North American production by another 10,000 units to 495,000 units in the third quarter as it builds more fuel-efficient vehicles to meet "Cash for Clunkers" demand.
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Dennis Liu answers his cell phone sounding surprisingly chipper, considering he just completed a 5,000-mile trek across the country.
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The state-run Korea Development Bank (KDB) has said it will provide financial aid worth 130 billion won (US$104 million) to help Ssangyong normalise its operations.
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A pair of fire-breathing hybrids from BMW based on the X6 and the 7-series will be revealed in production guise at the Frankfurt motor show in September.
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After a prolonged period of infighting between Conti and its putative new owner Schaeffler, the outgoing chairman of the firm's supervisory board, Rolf Koerfer, has expressed hopes that the company can fashion a 'common concept' with Schaeffler.
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