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Daihatsu is No. 1 with German customers -- all 13,726 of them. The Toyota small-car subsidiary passed BMW and Audi to rise from No. 6 last year to the top spot in the 2009 J.D. Power and Associates vehicle ownership satisfaction study in Europe's largest market.
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Magna set to resolve Opel issues by July 7, sources say
Magna International expects to resolve the last few issues holding up its takeover of Opel from former owner General Motors by Tuesday, two sources familiar with the matter said on Thursday.
July 2 18:01 CET
• Beijing Auto drafting Opel bid; Sberbank says race over
• GAZ to cut 5,800 jobs; ready to build Opels in Russia
German 2009 car sales forecast at 3.5M after 40% rise in June
The German automakers association, VDA, on Thursday increased its forecast for 2009 new-car registrations in Germany to over 3.5 million from over 3.1 million previously, after car sales rose 40 percent in June.
July 2 10:46 CET | UPDATED: July 2 17:35 CET
• End of scrapping plan will hurt German car sales in 2010
Toyota denies cooperation talks with Daimler over sharing models
Toyota Motor Corp. denied on Thursday a report that it was considering building derivatives of Mercedes-Benz's A-class and B-class cars on its own platform to better utilize its European plants in the long term. July 2 06:01 CET | UPDATED: July 2 08:15 CET
Ford switches production execs in Germany, UK
Ford executive Martin Chapman has moved to Germany from the U.K. to lead car manufacturing operations at the carmaker's Cologne factory. ...
GREEN CARS
Dutch firm revives Detroit Electric Car Co. name
Seventy years after the Detroit Electric Car Co. stopped producing the battery-powered Detroit Electric at its factory in Detroit, a Dutch company has resurrected the bra ...
Porsche mulls more output cuts at 911 plant
Weak demand is forcing Porsche to consider cutting production later this year at its main Zuffenhausen plant near Stuttgart where the 911 Carrera is built, a company sour ...
• Porsche says Qatar submits written offer for deal
• Porsche turns down VW 'rescue' package
GREEN CARS
GM battery partner Hitachi plan big output boost
General Motors battery partner Hitachi Ltd. ...
BMW will continue reduced working hours in H2
BMW AG will continue its reduced working hours program in its German plants in the second half of this year, a company spokesman said on Thursday. ...
Ford will build C-Max minivan in Spain
Ford of Europe said on Wednesday it will transfer production of its C-Max minivan to Spain from Germany. The new C-Max, which launches next year, will be built in Valenci ...
CEO Marchionne says Chrysler cash burn slows
Chrysler Group LLC has stemmed the pace at which it uses cash after emerging from bankruptcy last month, CEO Sergio Marchionne said in an interview with Bloomberg publish ...
Citroen reveals first look at new C3
Citroen has revealed photos of it second-generation C3 compact, which is due to go on sale in November after an unveiling at the Frankfurt auto show. The shots show that ...
BMW poised to take top spot in U.S. luxury sales
BMW is threatening to topple Lexus as the best-selling luxury brand in the United States in 2009 after eight straight years as No. 2. ...
FIGHT TO SAVE SAAB
Saab CEO says state aid would spark output boost
Saab could increase production to meet higher demand if it secured bridge financing from the government, the Swedish carmaker's CEO said on Tuesday. ...
Conti mulls Mideast firm's offer for French plant
German automotive supplier Continental AG is interested in a proposal from Syrian-owned MAG group to buy a French tire making factory in Clairoix that is due to be closed ...
Toyota will supply iQ-based car to Aston Martin
Luxury carmaker Aston Martin has forged an innovative alliance with Toyota to develop what could be the world's first luxury city car. Aston Martin on Monday released a p ...
Suzuki CEO denies VW stake talks
The head of Suzuki said he has had no contact with Volkswagen AG, shooting down a report last week that the German auto giant was considering a 10 percent stake in Suzuki ...
• Possible VW-Suzuki tie-up gives both a boost
RESCUING OPEL/VAUXHALL
Marchionne says Opel bid can't be improved
Fiat S.p.A.'s bid for Opel is its best offer, CEO Sergio Marchionne said, as rival Magna International stayed on track to close a deal with the German carmaker. "I don't ...
GM to halt Russian factory for two months
General Motors said on Monday it would halt car production at its Russian plant in St Petersburg for two months due to poor demand. ...
Tata launches Jaguar, Land Rover in India
Tata Motors on Sunday launched its Jaguar and Land Rover brands in India. Chairman Ratan Tata said it was a momentous occasion for the company. "This is in keeping with o ...
• JLR cuts loom after Tata Motors reports loss
During its reorganization, General Motors should be able to shed about $12.5 billion (about 8.9 billion euros) in annual costs -- paving the way for possible profits, higher product spending and improved supplier health once U.S. vehicle sales recover to more normal levels, according to corporate... 4:00 am U.S. ET | June 29
Chrysler will build and sell four versions of the tiny Fiat 500 in North America starting in 2011: a hatchback, convertible, station wagon and sporty hatchback. A fifth model -- a small, four-wheel-drive SUV -- also is possible. They will wear the Fiat brand, and no longer-term plans exist for... 4:00 am U.S. ET | June 29
BMW uses social networks to promote X1
BMW AG is pitching its new X1 small crossover in viral campaigns on social networking Web sites long before traditional marketing of the vehicle begins. The X1 is being promoted on Facebook, Twitter, MySpace and YouTube in an effort to click with buyers younger than the brand's typical owner. 4:00 am U.S. ET | June 29
Porsche will not add a small car
Don't expect Porsche and its partner, Volkswagen, to develop a small sports car together, say Porsche executives. Porsche is the VW group's largest shareholder and increasingly will share components with the VW and Audi brands. But Klaus Berning, board member for sales and marketing at Porsche,... 4:00 am U.S. ET | June 29
Rolls-Royce fans undeterred by recession
Grim economy be damned. How glum can you be when surrounded by stately, polished automobile royalty? There's little to celebrate elsewhere in the car world. But the mood was buoyant at the Rolls-Royce Owners Club, where some 500 members of the U.S.-based club, which also welcomes Bentley... June 29 06:01 CET
Luxury autos help rich Indians beat blues
The world economy is struggling and India is growing at its slowest pace in six years, but that hasn't stopped the wealthy from revving up their super-luxury cars. The global financial crisis has hit Asia's third-largest economy harder than expected, more than halving the number of billionaires to... June 29 06:01 CET
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