Auto News 5

Johnson Controls third fiscal quarter 2009 profits were down about two-thirds as the battery and interiors supplier, also active in the building sector, reported a profit of US$0.26 per share on net sales of $7bn, segment income of $282m and net income of $163m. The auto interiors business itself booked a loss of US$14m versus a profit of $199m a year ago when net company sales were$9.9bn, segment income was $645m and net income $439m, or $0.73 a share. Full story...

Rising from the ashes of three bankrupt auto parts manufacturers in the stamped- and cast-metal component sector is Cerion LLC, a new manufacturer coming to life through acquisitions that could be capable of generating nearly $1 billion in revenue. Full story...

Workers at French car parts supplier New Fabris voted on Monday to remove gas canisters they had threatened to use to blow up their factory, a union representative said. Full story...

Opel bidder Magna has finally made gave its first public commitment to producing the new Vauxhall Astra at Ellesmere Port and continuing production of the Vivaro van line at its Luton plant until at least 2013. Full story...

Chrysler is pondering a shakeup for its midsize-sedan lineup. Full story...

Suzuki will embrace the hot-hatch craze by adding a more street-worthy version of its SX4 compact car. Full story...

Lord Mandelson, the UK's business secretary, has warned the Indian owner of Jaguar Land Rover (JLR) to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table, a newspaper report on Monday said. Full story...

Latest images reveal luxury car's leviathan proportion

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Korea's answer to the Landrover Freelander gets a slick new look. Full story...

Latest images reveal new Japanese supermini on test.

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Any deal to sell Porsche Automobil Holding SE's sports car business to Volkswagen AG could be canceled by potential tax liabilities, a German newspaper reported today, knocking shares in the two German companies. Full story...

Any deal to sell Porsche Automobil Holding SE's sports car business to Volkswagen AG could be canceled by potential tax liabilities, a German newspaper reported on Monday, knocking shares in the two German companies. Full story...

Any deal to sell Porsche Automobil Holding SE's sports car business to Volkswagen AG could be canceled by potential tax liabilities, a German newspaper reported on Monday, knocking shares in the two German companies. Full story...

Continental on Monday said preliminary Q2 2009 figures show "a clear profit" with an adjusted EBIT of EUR283m despite further market-driven declines in sales in comparison to the same period of 2008. Full story...

Johnson Controls Inc. posted a net loss in its auto seating and interiors business but gained in its battery division on its way to generating $163 million in net income in the quarter that ended June 30. Full story...

Johnson Controls Inc. posted a net loss in its auto seating and interiors business but gained in its battery division on its way to generating $163 million in net income in the quarter that ended June 30. Full story...

Johnson Controls Inc. said today that quarterly earnings plunged 63 percent from a year earlier as the weak economy pressured the diversified manufacturer's auto-parts and building-controls businesses. Full story...

General Motors said today that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal.The once heavily favored consortium of Magna International Inc. Full story...

General Motors said today that it had received three binding takeover offers for Opel that it would consider together with the European countries that would be affected by the deal. Full story...

Hours before a deadline expired to submit final offers for Opel, a consortium led by Magna International has made a surprise change in its bid for General Motors' European automaker that may mark a concession to critics. Full story...