Headlines for Wednesday, November 21, 2012

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GM agrees to buy Ally's European auto-finance business

General Motors agreed to buy the rest of Ally Financial Inc.'s international auto-finance businesses, including operations in Europe, in a deal with proceeds of $4.2 billion. Read More »

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FROM THE CURRENT ANE PRINT ISSUE:

BMW bets fwd architecture will keep it No. 1

The battle for the top spot in luxury car sales over the next decade likely will be decided by who wins the largest share of the expanding market for smaller premium cars. Current No. Read More »

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Renault eyes Tata Nano rival, report says

Renault aims to grow its market share in emerging markets with the launch of two low-cost vehicles, one of which would challenge the Tata Nano in India, a French news Web site reported. Read More »

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China car market to grow 8% on small-city demand, McKinsey says

China's passenger-vehicle sales will expand by an average 8 percent a year to reach 22 million in 2020, driven by demand for sport-utility vehicles and rising incomes in smaller cities, according to a report from McKinsey & Co. Read More »

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Valeo expects lift in N. America from new joint venture

French supplier Valeo is poised to become North America's second-largest producer of climate-control systems, breaking a tie with Visteon, now that the company has formed a joint venture to acquire operations producing those systems from Ford. Read More »

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Toyota unveils pair of precrash safety systems

Toyota is rolling out two precrash safety systems that it says will help prevent high-speed collisions and pedal-misapplication accidents. The technology will debut soon in a high-end Toyota-brand sedan. Read More »

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