AUTO

Negotiations are under way between General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery over the proposed purchase of Hummer, and the deal is a perfect fit according to GM’s CEO Jim Taylor.

Earlier this month China's car sales had surged on the back of generous government incentives and indeed has now passed the U.S. as the largest car market in the world.

Now if you are going to do stimulus, China shows us how to do it! As car sales jumped 47% year over year in May, the profits at auto makers fell 28%, and revenue dropped 11% for the first 4 months of the year

Fiat (FIA.MI) plans to stop car production at one Italian plant and change to a new platform at another, its CEO told government and unions at a meeting on the impact of its deal to steer Chrysler CBS.UL back to health.

Opel labour leader Klaus Franz hopes General Motors Corp's (GMGMQ.PK) planned sale of a majority stake in the German carmaker to a consortium led by Magna (MGa.TO) will make it a more attractive partner for rivals.

Ford Motor Co, the only U.S. automaker not to file for bankruptcy this year, has a sound balance sheet and is seeking to further reduce debt, Chief Executive Alan Mulally said on Wednesday.

So what happens after the stimulus and pull forwards? This is a situation we will one day be asking... as I wrote the other day the master plan seems to be for the government to give away money month after month

General Motors Corp. customers are expected to keep the recent trend of improving monthly car sales alive in June, Chief Executive Officer Fritz Henderson said on Tuesday.

The federal tax credit for plug-in hybrid and all-electric vehicles in the U.S. — $7,500 — is just enough to let Tesla Motors tout a sub-$50,000 base price for its planned Model S electric sedan

German industrial conglomerate Bosch ROBG.UL expects revenue in its core car parts business to decline by about a fifth this year in line with global production volumes.

A federal judge gave bankrupt Delphi Corp (DPHIQ.PK) final approval on Tuesday to tap former parent General Motors Inc (GMGMQ.PK) for access to $250 million in funding that is expected to support the Troy, Michigan-based auto parts supplier until it can emerge from bankruptcy.

Honda Motor Co (7267.T) plans to periodically issue asset-backed securities in the United States to accommodate the expected recovery in car sales and longer-term funding needs, the Nikkei business daily said.

Honda Motor Co. is not optimistic about meeting its 2009 sales goal for the Insight hybrid vehicle in the United States, according to an executive at the automaker, Bloomberg reported Monday.

General Motors is close to selling loss-making Swedish unit Saab after tiny supercar maker Koenigsegg agreed to ride to the rescue, a source familiar with the talks told Reuters.

U.S. retail sales rose in May for the first time since January, according to a government report showing results which represent the ‘complete universe’ of over three million retail and food services firms nationwide.

Never an easy market for premium car makers, Japan has become an even tougher battleground after a green tax incentive introduced in April left all foreign car brands neatly outside the fence.

China will overtake Italy as the second-biggest market behind the United States for iconic sportscar maker Lamborghini within three to five years, the group's chief executive said on Wednesday.

Jerry York, a former board member of General Motors Corp (GMGMQ.PK) and an executive at Chrysler two decades ago, said on Tuesday the bankruptcies for the two automakers were

While General Motors filed for bankruptcy protection in the United States, GM's joint venture in China SAIC-GM-Wuling' sales exceeded 100,000 in May, topped among the Chinese car companies' sales in a single month.

British luxury car firm Rolls-Royce has received around 1,500 serious expressions of interest in its soon-to-be-launched 'Ghost' model -- a figure that would more than double the group's annual sales.

The U.S. automobile industry had quite a party during the recent credit-infused economic boom, but the hangover could last for years to come.

Russia sees the expertise of German auto maker Opel as its chance for a technological breakthrough in its ailing car industry, a top Russian government official said on Saturday.

Toyota Motor Corp. may bet strongly on the hybrid vehicle market in the coming decade after an executive of the firm discarded the idea that electric vehicles can become mainstream for some time unless a

Chrysler will have little need for the hundreds of dealers it wants to close if it completes its sale to Fiat as expected, the judge overseeing the automaker's bankruptcy said on Thursday.

Toyota Motor Corp. said Wednesday it will lease approximately 500 plug-in hybrid vehicles worldwide which are based its the third-generation

U.S. car sales fell again in May, dropping 34% to 925,824 vehicles, but showed some signs of stabilization as Ford, General Motors and Toyota reported their highest monthly totals this year.

U.S. auto sales fell nearly 34 percent in May from a year earlier, but aggressive discounting helped steady results for the battered industry, according to monthly results released on Tuesday.

The U.S. Senate could vote as early as Tuesday on a proposal to spur auto sales by underwriting some of the cost to consumers of buying fuel-efficient cars.

General Motors Corp on Tuesday reported U.S. sales for May.