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Jul
22nd

CANADA: Union deal reopens parts plant, restores jobs

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Canadian Auto Workers members have reached new collective agreements with Lear Seating for Kitchener and Ajax, Ontario, plants supplying GM and Chrysler, adding jobs. Full story...
Jul
22nd

JAPAN: Disney and Panasonic plan mobile movies innovation

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Walt Disney and Panasonic are reportedly planning to sell movies on flash memory cards in Japan, enabling consumers to see movies on their mobile phone handsets and also on car navigation systems. Full story...
Jul
22nd

US: Magna plans new Michigan seat plant

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Magna International on Tuesday said it planned to open a new multi-product manufacturing plant next May in Highland Park, Michigan, creating more than 400 jobs. Full story...
Jul
22nd

CHINA: Tengzhong opts for offshore route on Hummer buy

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Chinese industrial machinery firm Tengzhong is likely to establish an offshore investment vehicle to facilitate its purchase of Hummer. Full story...
Jul
22nd

MOSCOW: AvtoVAZ plans month shutdown

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AvtoVAZ, Russia's largest car maker, is expected to suspend production for the whole of August, according to Russian media reports, in a bid to slash its stock of 85,000 unsold cars. Full story...
Jul
22nd

BRUSSELS: Suppliers seek EUR3bn in EU funding

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Suppliers in Europe, facing a cashflow crisis and potential bankruptcies after the auto industry's summer shutdown, want the European Union to provide up to EUR3bn in loans, the Financial Times reported. Full story...
Jul
22nd

US: Government will keep eye on parts sector

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Bankruptcy restructurings of General Motors and Chrysler have improved credit market access for auto suppliers, but the sector is far from healthy and requires close government monitoring, an Obama administration official has said. Full story...
Jul
22nd

RUSSIA: Bo elected GAZ Chairman

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Former GM executive Bo Andersson has been elected as Chairman of the Board of Directors of OJSC GAZ. Full story...
Jul
22nd

GM officials meet German gov’t to discuss Opel bids

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General Motors Co. officials were meeting German government representatives on Wednesday to discuss takeover offers for Opel, with a potential fight looming as they each appear to prefer different bidders. Full story...
Jul
22nd

GM officials meet German gov’t to discuss Opel bids

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General Motors Co. officials were meeting German government representatives on Wednesday to discuss takeover offers for Opel, with a potential row looming as they each appear to prefer a different bidder. Full story...
Jul
22nd

GM, Germany may be at odds over Opel bidders

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General Motors Co. officials were meeting German government representatives on Wednesday to discuss takeover offers for Opel, with a potential row looming as they each appear to prefer a different bidder. Full story...
Jul
22nd

Germany backs Magna at start of Opel talks with GM officials

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Magna International is still Germany's preferred bidder for Opel, a government spokesman said on Wednesday ahead of a meeting with General Motors Co. representatives to discuss the takeover offers. Full story...
Jul
22nd

Row brews between Germany, General Motors over Opel buyer

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Magna International is still Germany's preferred partner for carmaker Opel, Chancellor Angela Merkel said on Wednesday, setting the stage for a showdown with General Motors Co. over the takeover bids. Full story...
Jul
22nd

German gov’t and GM fail to agree on buyer for Opel

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Officials from the German government and General Motors Co. failed to agree Wednesday on a buyer for GM's Opel unit. Full story...
Jul
22nd

Germany, GM fail to agree on buyer for Opel

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Officials from the German government and General Motors Co. failed to agree today on a buyer for GM's Opel unit. Magna International Inc. Full story...
Jul
22nd

GERMANY: Conti seen raising EUR1bn

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Heavily indebted Continental plans to raise around EUR 1bn in capital, the Financial Times Deutschland reported, citing financial sources. Full story...
Jul
22nd

US: Delphi auction postponed again

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A federal judge on Tuesday postponed the auction for the assets of bankrupt Delphi for a second time, in an effort to give bidders more time to work out a deal. Full story...
Jul
22nd

Latest news from the Midlands Motor Show – Midlands Motor Show

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With a very special announcement from off-road experts Bowler, this year's Midlands Motor Show is shaping up to be a great event.


Full story...
Jul
22nd

Porsche CEO likely to bow to pressure to go, report says

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Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Full story...
Jul
22nd

Pressured Porsche CEO likely to quit, report says

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Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Full story...
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