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Aug
11th

US: TRW goes for big share offering

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TRW Automotive Holdings Corp. will take advantage of its recently improved share price by selling 14m shares and reduce its debt. Full story...
Aug
11th

Germany’s Merkel ready to help Magna with Opel bid

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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts supplier Magna International Inc.'s bid for carmaker Opel. Full story...
Aug
11th

German Chancellor Merkel ready to help Magna with Opel bid

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German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts supplier Magna International Inc.'s bid for carmaker Opel. Full story...
Aug
11th

Volt to get 230 mpg rating under new EPA system, GM says

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The Chevrolet Volt will get a government in-city fuel-economy rating of "at least 230 miles per gallon," CEO Fritz Henderson said today. Full story...
Aug
11th

ANALYSIS: S&P sees two more difficult years for US OEMs and suppliers

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A recent Standard & Poor's report claims that US based suppliers and automakers are still facing two more difficult years. Full story...
Aug
11th

PHILIPPINES: Vehicle sales stable in July

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Vehicle sales in the Philippines were virtually unchanged at 11,597 units in July compared with the 11,636 units sold a year earlier, according to data released by the Chamber of Automotive Manufacturers of the Philippines Inc (Campi). Month-on-month, volumes were up by 6.3% from 10,908 units in June Full story...
Aug
11th

SWEDEN: US investor sells Koenigsegg stake

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North American investor Mark Bishop has sold his 22% stake in Koenigsegg Automotive AB, the luxury car maker which plans to buy General Motors' Saab unit according to the Swedish business daily Dagens Industri. Full story...
Aug
11th

RUSSIA: Vehicle sales continue to plummet sparking fears of unrest

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Sales of new cars in Russia, a year ago the fastest growing market in Europe and threatening to usurp Germany as number one, continue to plummet - falling 58% in July compared to the same month a year ago to 115,483. Full story...
Aug
11th

BRAZIL: July market down but still running ahead for the year

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After achieving its best month ever for new car sales in June, Brazil's market fell almost 5% in July vs that record month and almost 1% over the same month a year ago according to data from Brazil's Motor Vehicle Manufacturers Association. Full story...
Aug
11th

USA: Volt to be rated at 230mpg

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General Motors expects its Chevrolet Volt electric car to earn a fuel-economy rating of at least 230 miles per US gallon for city driving - more than four times that of Toyota Motor Corp's Prius hybrid according to a report by Bloomberg News which cites people familiar with the plans. Full story...
Aug
11th

PAKISTAN: Car sales rise more than 50%

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Car sales in Pakistan rose 51% in July over the same month a year ago after prices and borrowing costs declined, according to data from the country's Automotive Manufacturers Association. Full story...
Aug
11th

UK: Fraud squad rules out MG Rover investigation

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The UK's Serious Fraud Office (SFO) will not investigate the 2005 collapse of MG Rover Group Ltd, which went into bankruptcy with GBP1.3bn (US$2.1bn) of debt. Full story...
Aug
11th

Chevy Volt to get 230-mpg rating for city fuel economy, General Motors says:

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General Motors expects that the Chevy Volt will get an EPA city fuel-economy rating of 230 mpg, and a combined fuel economy rating of triple digits, CEO Fritz Henderson said Tuesday. Full story...
Aug
11th

Chevrolet Volt to get 230-mpg rating for city fuel economy, General Motors says:

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General Motors expects that the Chevrolet Volt will get an EPA city fuel-economy rating of 230 mpg, and a combined fuel economy rating of triple digits, CEO Fritz Henderson said Tuesday. Full story...
Aug
11th

Chevy Volt to get 230 mpg rating for city fuel economy, GM says:

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General Motors expects the Chevrolet Volt will get an EPA city fuel economy rating of 230 mpg, and a combined fuel economy rating of triple digits, CEO Fritz Henderson said Tuesday. Full story...
Aug
11th

GM set to announce 230 mpg for Volt; watch the broadcast here:

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The day has arrived for the "230" answer to be revealed--and all signs point to it being the city fuel economy rating for the Chevrolet Volt hybrid. Full story...
Aug
11th

Tata Motors secures private loan for JLR

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Tata Motors Ltd. has secured a 175 million pound ($289 million) private sector loan for its luxury unit Jaguar Land Rover and no longer needs financial support from Britain, a U.K. government spokesman said on Tuesday. Full story...
Aug
11th

Tata secures private loan for Jaguar Land Rover

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Tata Motors Ltd. has secured a 175 million pound ($289 million) private sector loan for its luxury unit Jaguar Land Rover and no longer needs financial support from Britain, a U.K. government spokesman said today. Full story...
Aug
11th

Tata Motors secures private loan for Jaguar Land Rover unit

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Tata Motors Ltd. has secured a 175 million pound ($289 million) private sector loan for its luxury unit Jaguar Land Rover and no longer needs financial support from Britain, a U.K. government spokesman said today. Full story...
Aug
11th

Tata Motors secures private loan for Jaguar Land Rover unit

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Tata Motors Ltd. has secured a 175 million pound ($289 million) private sector loan for its luxury unit Jaguar Land Rover and no longer needs financial support from Britain, a U.K. government spokesman said on Tuesday. Full story...
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