Auto News 5

VILLENEUVE-LOUBET, France,Texas Instruments Incorporated (TI) (NYSE:TXN) today announced that Autoliv, the global leader in automotive safety, has selected Texas Instruments as the supplier of processors for its new night vision system. This system with pedestrian detection capability uses a digital media processor based on DaVinci(TM) technology from TI coupled with a single far-infrared sensor. Full story...

Saturn's 350 franchises in the United States will receive letters this week offering them a chance to continue under the brand's new owner, Penske Automotive Group Inc. Full story...

The Slovakian automotive industry posted an annual output decline of 51.6% in April, the steepest fall since the current data series started in 1999, compared with a 30.9% fall in March. Full story...

A record decline in auto production caused Slovakia's total industrial output to fall more than expected in April, data showed on Monday. The automotive industry's annual output declined 51. Full story...

The new Lancia Delta's headlights and taillights are produced by Magneti Marelli's Automotive Lighting division. The headlamps come with either halogen or xenon bulbs. Full story...

General Motors expanded its significant battery research and development capabilities today by opening the largest and most technologically advanced battery lab in the United States on its Technical Center campus here. Full story...

Entrepreneur Roger Penske's Penske Automotive Group, the second-largest U.S. car retailer, is the winning bidder for General Motors' Saturn, Bloomberg News reported. Full story...

IndyCar team owner and Detroit businessman Roger Penske has an agreement with General Motors to buy the Saturn brand, it was announced Friday. Full story...

Entrepreneur Roger Penske's Penske Automotive Group, the second-largest U.S. car retailer, is the winning bidder for General Motors' Saturn, Bloomberg News reported. Full story...

Auto entrepreneur Roger Penske's Penske Automotive Group has signed an agreement to purchase Saturn from General Motors by the end of the third quarter. Full story...

Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday. Full story...

Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday. Full story...

General Motors Corp. and Penske Automotive Group today confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and would preserve the customer-focused Saturn brand. Full story...

Berlin, Germany - The automotive battery industry is growing at a rapid rate despite the economic crisis. The increased focus on hybrid and electric vehicles has led to battery innovation and market growth. With heavy investment in research and development, Germany is positioned to be a global leader in this market segment. Business opportunities in Germany resulting from this trend will be presented at the Advanced Automotive Battery & EC Capacitor Conference in Long Beach, California from June 8-12. Full story...

Beijing Automotive Industry Holding (BAIC) has mandated PricewaterhouseCoopers to advise on a possible takeover of Opel, a source familiar with the situation said on Thursday. Full story...

Data released by JD Power Automotive Forecasting shows that car sales in Western Europe fell by just 4.2% in May, versus last year. However, the result was distorted by scrapping incentives which provided a powerful boost to demand in a number of countries. Full story...

U.S. consumers are waiting to buy new vehicles until Congress reaches a decision on the cash-for-guzzlers bill, two automotive companies' surveys have shown. Full story...

There's some competition for the Tesla Model S. Santa Monica, Calif.-based Coda Automotive unveiled its first electric car on Wednesday, and it's no golf cart. Full story...

Official VFACTS data released by the Federal Chamber of Automotive Industries (FCAI) shows that 75,439 passenger cars, SUVs and commercial vehicles were sold in May 2009 - down 14.9% compared to the same month in 2008. Full story...

General Motors will emerge a stronger, more competitive company after bankruptcy, but it will take time and the supply base will suffer along the way, and many may face bankruptcy themselves, according to the US-based Society of Automotive Analysts (SAA). Full story...