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80% rise for China October sales
New-car sales in China rose 79.6 percent to 923,154 cars last month, state media reported on Saturday. That would suggest a month-on-month drop of about 9.8 percent from September, when sales rise 83.6 percent from a year earlier to 1.
Nov. 7 06:01 CET
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.
Nov. 6 06:01 CET
Magna International Inc. is not looking at taking over any other automakers following the collapse of its deal to buy a stake in General Motors Co.'s European operations, the auto parts supplier's co-CEO, Don Walker, said.
Nov. 6 06:01 CET
Porsche Automobil Holding SE is pushing to agree an 8.5 billion euro ($12.62 billion) loan by Nov. 10, two bankers close to the deal said on Friday. The loan has been reduced to 8.5 billion euros from an earlier figure of 10.
Nov. 6 12:31 CET | UPDATED: Nov. 6 14:25 CET
Volkswagen AG's premium brand Audi expects its vehicle sales to fall less than previously thought to more than 920,000 vehicles this year instead of about 900,000, Audi sales chief Peter Schwarzenbauer told a German newspaper.
Nov. 6 12:01 CET
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.
Nov. 6 06:01 CET
PSA/Peugeot-Citroen's supplier network in France is burdened with 40 percent too much industrial capacity, its head of purchasing said on Friday.
Nov. 6 11:46 CET
Renault SA has no plans to change it stake in AvtoVAZ even though Russia wants it to play a bigger role to help rescue the country's largest automaker. "We have no plan to raise our reduce our stake," Renault CEO Carlos Ghosn said.
Nov. 6 06:01 CET
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.
Nov. 5 18:50 CET
In the wake of General Motors Co.’s decision not to sell Opel/Vauxhall, GM CEO Fritz Henderson said today GM will need to repair relations with the German trade unions. 2:40 pm U.S. ET | Nov. 5
REUTERS AUTOS SUMMIT
General Motors Co. aims to more than double sales for its flagship Chevrolet brand in Europe as part of a business plan that was presented to the company's board this week, the brand's chief said today. 1:46 pm U.S. ET | Nov. 5