Auto News 5

Chrysler Group LLC has sued TRW Automotive Holdings Corp., accusing the auto parts company of refusing to supply parts and thereby jeopardizing its resumption of production next Monday after a two-month shutdown. Full story...

The Chevy Volt is nearing full power as preproduction cars are now prowling the roads around the GM Tech Center in suburban Detroit. Full story...

The Chevrolet Volt is nearing full power as preproduction cars are now prowling the roads around the General Motors Tech Center in suburban Detroit. Full story...

In today's News Brake: The Chevy Volt gets a jolt; if you want to dump a clunker, cozy up to a dealer; and Mercedes will help you get the most from your AMG ... But Wait, There's More! Full story...

Sweden's industry minister said the government was still in the dark on how much funding Koenigsegg Group, the new owner of Saab Automobile, would inject into the carmaker and whether loan guarantees would be needed. Full story...

Dealers will decide which new car buyers receive trade-in allowances of up US$4,500 against new vehicle purchases under the $1bn federal "cash for clunkers" programme US president Barack Obama signed into law this week, a government agency said. Meanwhile, the American International Automobile Dealers Association (AIADA) on Thursday claimed criminals and some "unscrupulous" dealers were already using it to dupe consumers. Full story...

Less than a month after GMAC Financial Services extended interim inventory financing to Chrysler dealers, the company has given some of those retailers their walking papers. Full story...

Bridgestone has bosted its operating profit forecast for 2009 24% on Thursday, noting the yen was less strong than it expected. Full story...

Michelin could cut as many as 3,500 jobs in France by 2011, it said on Thursday. Full story...

A cross-section of the motor industry representing volume manufacturers, niche vehicle producers and component suppliers has formed the Society of Motor Manufacturers and Traders' (SMMT) new electric vehicle group. Full story...

Renault has decided to replace a French executive vice president at Russian carmaker AvtoVAZ, in which it owns a 25 percent stake. Full story...

ArvinMeritor Inc. has made some progress in its effort to dump its Light Vehicle Systems businesses by divesting a stake in one of its joint ventures. Full story...

Yann Vincent, a Renault executive who is currently one of two executive vice presidents at Russia's largest carmaker AvtoVAZ, is expected to leave AvtoVAZ, Kommersant business daily has reported. Full story...

Denso Corporation has developed the world's first passenger vehicle air conditioning system using new 'ejector' technology. Full story...

BMW to launch its most powerful diesel luxury car ever.

Full story...

BMW to launch its most powerful diesel luxury car ever.

Full story...

ArvinMeritor is selling its stakes in two joint ventures currently operated by its light vehicle chassis business. Full story...

Auto leasing specialist Arval, a BNP Paribas bank subsidiary, on Thursday said it would partner with Renault to lease electric cars developed by the French automaker's alliance with Nissan. Full story...

Modern Detroit traces its origins back to a man named Cadillac -- Antoine Laumet de La Mothe, sieur de Cadillac, to be precise, a French adventurer who founded Fort Pontchartrain du Detroit in 1701. Full story...

Volkswagen AG is exploring a potential cooperation deal with Japan's Suzuki Motor as a way to boost its expertise in the area of ultra small cars, a source familiar with the matter said today, confirming a report in manager magazin. Full story...