Result Page 46 for Latest Auto News & Archive

Suzuki to build 4th auto plant in India

Japan's Suzuki Motor Corp said it will build its fourth auto plant in India, boosting its output in one of the fastest growing car markets to 1.5 million units a year.

China regulator, researcher disagree on auto capacity

China's top economic planner and a leading government-backed research body disagreed at an auto industry forum over whether the world's largest auto market is facing excessive capacity after breakneck growth in 2009.

GM's new boss woos autoworkers in first staff memo

General Motors' new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year.

Autoliv CEO says car demand still firm

Autoliv, the world's biggest maker of air bags and seat belts, has seen stable demand despite expectations for slower car production in the second half of the year.

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German car sales dive on scrappage anniversary

German new car registrations in August were 27 percent lower than a year ago when buyers enjoyed the last of the government's car scrappage incentives, according to official data published on Thursday.

Ferrari recalls supecars after fires

Ferrari said it is recalling more than 1,240 of its 458 Italia supercars to replace an adhesive prone to melting after five reports of fire accidents.

Magna's Stronach deal paves way for growth

With Magna International's $1 billion buyout of founder Frank Stronach now a done deal, the auto parts maker will now shift its focus to a more aggressive expansion in emerging markets.

GM expects competitive Chevy Volt pricing in China

General Motors expects competitive pricing for its electric Chevrolet Volt in China as it hopes to gain a foothold in China's fledgling environmentally friendly car industry with the highly anticipated car.

U.S. regulators probe Hyundai Sonata steering

U.S. safety regulators have opened a preliminary investigation into claims Hyundai Motor Co's best-selling car in America, the Sonata sedan, may have steering problems.

Magna to implement share plan, payout to Stronach

Magna International Inc said it will likely go ahead later on Tuesday with a plan to buy out founder Frank Stronach's controlling share block, collapsing the giant auto-parts maker's dual-class share structure.

Scania inks development deal with Porsche

Swedish truckmaker Scania will develop new truck cabs with Porsche Engineering, in another step toward firming up ties under the Volkswagen umbrella.

Canada auto sales near 3-year high in summer: report

Canadian auto sales rose to their highest level in nearly three years this summer on the back of rebounding employment levels and steep incentives from automakers

Ford recalls 575,000 Windstar vans in U.S., Canada

Ford Motor Co. is recalling about 575,000 Windstar vans in 21 cold-weather U.S. states and Canada from model years 1998 to 2003 because of the possibility that the rear axle may fracture due to corrosion

GM sets pricing on $5 billion credit facility

General Motors Co will pay a spread of 400 basis points over the London Interbank Offered Rate, or LIBOR, if it draws on its $5 billion revolving credit facility in the first three months

Toyota to recall 1.3 million cars in U.S., Canada

Toyota Motor Corp said on Thursday it would recall 1.3 million Corolla and Matrix cars in the United States and Canada because of defective engine control modules that could cause the vehicles to stall.

Canadian firm really goes green with hemp car

Canadian developers are plotting a small revolution in the still-tiny market for electric cars, with a concept vehicle made from hemp set to debut at a specialized auto show next month.

Fiat CEO says Q3 going well

Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.

Automakers to launch new models, spend more in India

Global automakers in India are planning to launch new models and boost investment in the country, executives said at a conference, signaling brisk demand in one of the fastest growing car markets in the world.

Luxury car makers battle it out for Russian buyers

A roll call of luxury carmakers have descended on Russia to rally the nation's long list of billionaires to snap up their latest models in the wake of last year's industry collapse.

Ford halts Fiesta shipments on part glitch

Ford Motor Co temporarily halted shipments of Fiestas from its Mexico factory in the past week due to a faulty part, compounding an inventory shortage for the new small car and further complicating a key vehicle introduction.

SAIC, GEELY see mixed outlook after H1 strength

Two of China's top automakers posted forecast-beating earnings on Wednesday but will struggle to match that performance amid a murky outlook for the world's biggest auto market.

Geely first-half net beats forecast

China's Geely Automobile Holdings, whose parent bought Ford's Volvo unit this month, warned of tougher competition and slower sales after its record first-half earnings beat forecasts on Wednesday.

Toyota plans 5 mln cumulative hybrid sales by 2015

Toyota Motor Corp said on Wednesday it wants to reach cumulative sales of 5 million hybrid vehicles in the early part of this decade.

Car markers hail Russian market revival

Russia's car market is emerging fast from the crisis as cheap loans return and consumer confidence grows, leading auto makers said on Wednesday as they delivered upbeat forecast for sales growth this year.

U.S. probes old Jeep Grand Cherokees for fire risk

U.S. safety regulators have opened a preliminary investigation of about 3 million older Jeep Grand Cherokees with fuel tanks that may present a fire risk in a crash

U.S. agency steps up probe into Corolla stalling

U.S. auto safety regulators have stepped up an investigation into the risk that up to 1.2 million Toyota Motor Corp Corolla and Matrix vehicles could stall due to defective electronic engine control units.

Chrysler to have difficulty turning '10 profit: CEO

Chrysler CEO Sergio Marchionne said on Monday it will be difficult for the automaker to turn a net profit for the full year 2010.

Russia premiers upmarket new cars following crisis

Russia's autoshow is expecting a host of wealthy car-buyers to flock to the annual auto industry bonanza this week as high-end vehicles take the spotlight away from budget rivals.

Fiat in legal row with union over dismissed workers

An Italian union said Monday it will file a criminal complaint against carmaker Fiat SpA after the company refused to allow three dismissed employees back to work despite a court ruling ordering their reinstatement.

Volkswagen eyes Fiat's Alfa Romeo brand: report

Volkswagen AG's management is eyeing the potential acquisition of the Alfa Romeo brand should Fiat SpA consider putting it up for sale.

BYD warns of slower H2, says dealer pullouts overstated

China's BYD Co Ltd, backed by U.S. billionaire Warren Buffett, warned on Monday of a slowdown in car sales during the second half of the year and said it will launch new models to lessen the impact.

Analysis: Fiat's Marchionne fights for new car industry rules

Fiat boss Sergio Marchionne is heading for a showdown with powerful industrial lobbies as he pushes for more flexible work practices that could lead to a broader shakeup of rules in the Italian car industry.

Funds may rebalance auto stocks on GM IPO: Ford

Mutual funds and other large stockholders may rebalance auto sector holdings after General Motors Co's initial public offering, but day-to-day stock prices are not the main measure of Ford Motor Co's turnaround