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Apr
21st

CANADA: Government wants Chrysler “clarity” this week

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Canada's industry minister wants a clear indication this week on the future of Chrysler's local operations, which include two vehicle assembly plants in Ontario. Full story...
Apr
21st

Autoliv Q1 loss less than forecast

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Autoliv said cost-cutting measures helped it to report a smaller than expected first-quarter pretax loss of $104 million. The loss compared with a profit of $114 million last year and was the company's second consecutive quarter in the red. Full story...
Apr
21st

EU closes air conditioners loophole

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The European Union has closed a loophole that would have allowed car manufacturers to continue putting climate-damaging chemicals in air conditioners of new vehicles beyond a 2011 ban, a Commission document showed. Full story...
Apr
21st

UK: Ssangyong extends warranty across UK

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Ssangyong has extended the warranty on its UK-offered range to five years or 250,000 miles (whichever comes first). Full story...
Apr
21st

Schaeffler to get fifth seat on Continental board

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A fifth representative from Schaeffler Group is set to join the supervisory board of Continental AG, further cementing its role as the controlling shareholder in the German car parts supplier. Full story...
Apr
21st

Schaeffler to get fifth seat on Continental board

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A fifth representative from Schaeffler Group is set to join the supervisory board of Continental AG, further cementing its role as the controlling shareholder in the German car parts supplier. Full story...
Apr
21st

Porsche denies report CEO Wiedeking to be fired

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Porsche and Volkswagen denied a report in a Munich newspaper that Wendelin Wiedeking would be sacked as chief executive of VW's majority owner, Porsche. Full story...
Apr
21st

Porsche denies report CEO Wiedeking to be fired

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Porsche and Volkswagen denied a report in a German newspaper that Wendelin Wiedeking would be sacked as CEO of VW's majority owner, Porsche. Full story...
Apr
21st

SHANGHAI SHOW: Kia to sell new sedan alongside predecessor

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The Kia Motors China joint venture, Donfeng Yueda Kia, is launching its new locally-produced Forte C-segment sedan at the Shanghai motor show this week. The model is exported from Korea to other markets as the Cerato. A similar model also badged Forte was launched at the New York motor show earlier this month and will replace the current Spectra in the US. Full story...
Apr
21st

VW veteran Fleger is new sales chief at Skoda

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Veteran Volkswagen group executive Reinhard Fleger will head sales operations at Skoda, VW'S Czech subsidiary, starting June 1. Fleger, 51, currently is board member for sales and finance at Volkswagen's Mexican unit. Full story...
Apr
21st

SHANGHAI SHOW: Skoda launches new Chinese-built flagship

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Skoda is launching its locally-produced Superb Hao Rui at the Shanghai motor show this week. Full story...
Apr
21st

Honda’s Fukui says U.S. market shows signs of bottoming out

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Honda Motor Co. President Takeo Fukui said on Tuesday the U.S. market has shown signs of having bottomed out since the start of April. A slump in U.S. Full story...
Apr
21st

Honda says U.S. market is starting to bottom out

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Honda Motor Co. President Takeo Fukui said on Tuesday the U.S. market has shown signs of having bottomed out since the start of April. A slump in demand in the key U.S. Full story...
Apr
21st

Honda says U.S. market shows signs of bottoming out

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Honda Motor Co. President Takeo Fukui said on Tuesday the U.S. market has shown signs of having bottomed out since the start of April. A slump in demand in the key U.S. Full story...
Apr
21st

Honda says U.S. market shows signs of bottoming out

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Honda Motor Co. President Takeo Fukui said on Tuesday the U.S. market has shown signs of having bottomed out since the start of April. A slump in demand in the key U.S. Full story...
Apr
21st

BMW’s U.S. dealers to invest $300M in showrooms

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Amid the worst slump in car demand in decades, dealers at BMW's 338 U.S. showrooms plan to invest $300 million to refurbish their operations or expand into new areas, the company said. This would come on top the $2. Full story...
Apr
21st

Faurecia posts 38% revenue fall in Q1

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French car parts maker Faurecia posted a 38 percent fall in first-quarter revenue on Tuesday and confirmed its full-year forecast for sales to drop 20 percent in Europe and 30 percent in North America. Quarterly sales were 2.008 billion euros ($2. Full story...
Apr
21st

Faurecia posts 38% revenue fall in first quarter

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French car parts maker Faurecia posted a 38 percent fall in first-quarter revenue on Tuesday and confirmed its full-year forecast for sales to drop 20 percent in Europe and 30 percent in North America. Quarterly sales were 2.008 billion euros ($2. Full story...
Apr
21st

U.S. to give Chrysler $500M, GM up to $5B in new aid

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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an... Full story...
Apr
21st

U.S. to give Chrysler $500M, GM up to $5B in new aid

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The Obama administration will make about $500 million available to Chrysler LLC through the end of this month as it seeks to reach an alliance with Fiat, and up to $5 billion through May to help General Motors restructure outside of bankruptcy, an... Full story...
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