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GREEN CARS
Chrysler dismantles electric car plans under Fiat
Chrysler Group has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid. 12:01 am U.S. ET | Nov. 7
NHTSA probes timing of Honda airbag recalls
Honda Motor Co.'s recalls of 444,000 Accord and Civic vehicles for potentially lethal airbag defects are under investigation by federal safety regulators. The National Highway Traffic Safety Administration said it wants Honda and Takata Corp. 4:18 pm U.S. ET | Nov. 6 | UPDATED: 11/6/09 5:38 p.m. ET
Workers at an India auto-parts maker have ended a six-week strike, which had hit transmission parts supplies to General Motors and Ford Motor Co. and caused the shutdown of at least two North American crossover plants. 4:31 am U.S. ET | Nov. 6 | UPDATED: 11/6/09 4:28 p.m. ET
General Motors Co. said it is readying a plan to restructure Opel and could pay off debt due this month. German Chancellor Angela Merkel raised concern over GM's decision to keep Opel with U.S. President Barack Obama. 12:01 am U.S. ET | Nov. 6
Bob Lutz, General Motors Co.' 5:46 am U.S. ET | Nov. 6 | UPDATED: 11/6/09 2:31 p.m. ET
Magna International Inc., thwarted this week in its bid to take over General Motors Co.’s Opel unit, won’t seek to buy another car company, co-CEO Don Walker says. 9:52 am U.S. ET | Nov. 6
A former General Motors Co. executive pleaded guilty Thursday to a kickback scheme involving bulk aluminum sales that cost the automaker some $83 million. 12:01 am U.S. ET | Nov. 6
The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal's structure, a senior U.S. Treasury official said on Thursday. 12:01 am U.S. ET | Nov. 6
Sirius XM Radio Inc. 12:01 am U.S. ET | Nov. 6
Aluminum wheel maker Superior Industries International Inc. posted a narrower quarterly loss helped by cost cuts and increased production volumes. 7:16 am U.S. ET | Nov. 6
REUTERS AUTOS SUMMIT
The head of the American unit of German autos parts supplier Robert Bosch GmbH said he expects U.S. light vehicle sales to improve to 11 million units in 2010, indicative of a steady but slow recovery from a bottom reached earlier this year. 12:01 am U.S. ET | Nov. 6
General Motors Co. is outperforming the targets set in its earnings viability plan outlined in April, CEO Fritz Henderson said today. 12:17 pm U.S. ET | Nov. 5 | UPDATED: 11/5/09 3:04 p.m. ET
Opel auto workers in Germany downed tools to show their anger at GM's decision to abandon a a sale of the German-based unit to Magna. They blame GM for mismanaging Opel into losses. 12:50 pm U.S. ET | Nov. 5