Auto News 5

LG Display in South Korea has agreed a deal to supply LED-lit LCD panels worth "several tens of millions of dollars" to Continental. Full story...

Toyota Motor group worldwide vehicle sales for the first half of 2009 fell 26% year on year to about 3,564,000 units, but it still beat General Motors to remain the largest automaker - the US rival shifted about 3,552,700 units during the same period. Full story...

Toyota could build a Yaris-based hybrid car in France for sale in Europe, Japan's Asahi newspaper reported. Toyota plans to launch a hybrid compact for about 1. Full story...

Toyota could build a Yaris-based hybrid car in France for sale in Europe, Japan's Asahi newspaper reported. Toyota plans to launch a hybrid compact for about 1. Full story...

Toyota could build a Yaris-based hybrid car in France for sale in Europe, Japan's Asahi newspaper reported. Toyota plans to launch a hybrid compact for about 1. Full story...

Magna International has improved its offer for Opel, a German government source said on Tuesday. Full story...

Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said on Tuesday. The revised bid leaves the total proposed investment at some 500 million euros ($713. Full story...

Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said today. The revised bid leaves the total proposed investment at some 500 million euros ($713. Full story...

Magna International has increased the amount of upfront capital it would inject into its offer for Opel, a German government source said on Tuesday. The revised bid leaves the total proposed investment at some 500 million euros ($713. Full story...

The Schaeffler group has reached an agreement with employee representatives about its planned EUR250m (US$355.5m) cost cutting programme, the Frankfurter Allgemeine Zeitung reported. Full story...

A group of hedge funds that provided bankruptcy funding to Delphi on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration. Full story...

The UAW urged its members to contact U.S. lawmakers to try to persuade Toyota Motor Corp. to keep operating a California assembly plant that could be targeted for closure. Full story...

U.S. incentives paid to dealers under the cash-for-guzzlers program won't be treated as taxable income, a spokesman for the National Automobile Dealers Association said. Full story...

Is it possible that Kia's new Forte Koup can single-handedly reignite an auto industry's dilapidated sales? Full story...

The two previous generations of the Ford Mustang clearly took inspiration from the brand's prestigious history. The next-generation 2010 Mustang also reproduces several classic elements from the original pony, particularly the gaping, mean-looking grille up front. The result is a machine with some serious demeanor and visual bite that's ready to take on fresh new challengers... like, well, the Dodge Challenger! Full story...

It is unlikely that two-time World Champion Fernando Alonso will substitute for the injured Felipe Massa at Ferrari in the forthcoming European grand prix. Full story...

Felipe Massa's personal doctor believes the injured Ferrari driver will be able to check out of hospital in central Budapest within one week. Full story...

TUSTIN, Calif., - Newly released research shows fifteen percent of new car buyers in the United States say they would consider purchasing their next vehicle from China, and eleven percent would consider buying a car from India, without knowing specific brands or vehicles. This compares with sixteen percent who said they would consider a vehicle from Korea, which has been marketing vehicles in the U. S. since the 1980s. Full story...

British Formula 1 driver Jenson Button has likened his championship position to being the wearer of the yellow jersey with tired legs at the foot of a mountain climb. Full story...

Willi Weber, Michael Schumacher's long time business manager has moved quickly to deny speculation that the German driver could make a shock return to Formula 1 in replacement for the injured Felipe Massa. Full story...