Auto News 5

Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...

Debt-laden German car parts suppliers Continental AG and Schaeffler Group might need months to fix a botched takeover and come up with a sustainable business strategy, sources familiar with the matter told Reuters. Full story...

Friday is Day One for the New GM. So president and CEO Fritz Henderson is holding a press conference at 9 a.m. Eastern to talk about the automaker and where it goes from here. Full story...

General Motors' exit today from bankruptcy wrapped up a 39-day process in Chapter 11 and came eight months after the automaker directly sought federal aid. Here are key events along the way. Full story...

BMW is reconsidering plans to launch the Mini brand in India by the end of this year, having already delayed it from 2007, a senior official was quoted as saying. Full story...

General Motors today exited bankruptcy with an overhauled sales and marketing structure, a promise of more management changes and a message that a leaner and meaner automaker is ready to win back American consumers and pay back taxpayers. Full story...

General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...

General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...

PSA Peugeot Citroën on Friday said it had placed a EUR750m bond with a five-year maturity and annual coupon of 8.375%. Full story...

The new General Motors Company on Friday began operations free of bankruptcy protection with a new corporate structure, a stronger balance sheet, and a renewed commitment to make the customer the centre of everything it does, president and CEO Fritz Henderson announced in Detroit this afternoon (BST). That includes a new eBay marketing deal and the 'unretirement' of 'product czar' Bob Lutz to head both product design and customer relationships. GM is also ending its regional operating structure. Full story...

General Motors today exited bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure. GM officially emerged from protection at 6:30 a.m. ET. Full story...

Suzuki Motor and Mitsubishi Motors may have to pull out of the US market because of plummeting sales of new cars in a market which has now fallen behind China, analysts said. Full story...

Volkswagen union chief Bernd Osterloh has accused Wendelin Wiedeking of obstructing the possible merger between the two car companies and has told the Porsche SE CEO "to end his ego trip." Full story...

The French government's Strategic Investment Fund (FSI) may increase its stake in Valeo if Pardus Capital Management or another major stockholder were to sell their shares. Full story...

Renault CEO Carlos Ghosn expects 2010 to be no easier than this year as the crisis in the worldwide auto industry continues. Full story...

BMW is considering using its four cylinder engines in the US for the first time since 1999 to meet tougher fuel-economy standards, according to Tom Baloga, the company's vice president of engineering for North America. Full story...

Diesel specialist Navistar Engine Group has created three regional business units which it said would allow it to better focus on its expanding customer base around the world. Full story...

Jaguar Cars unveiled its redesigned XJ last night at a London art gallery. Full story...

Best spy shots yet of BMW's new executive including undisguised interior pictures

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Renault CEO Carlos Ghosn expects 2010 to be "as difficult as 2009" as the crisis in the worldwide auto industry continues. Ghosn said he expected Europe to be among the last regions worldwide to return to growth, along with Japan. Full story...