Automotive News Europe

• Peugeot appoints new CEO; sales team faces shake-up

  10/03/10 - Peugeot has appointed a new CEO and announced a shake-up of its sales organization.

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• Car-output rise helps give France a boost

  10/03/10 - Robust growth in the output of transport equipment and a rise in car production contributed to a sharper-than-expected rise in French industrial production in January, data on Wednesday showed, in an encouraging sign for first-quarter growth.

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• Inchcape profit tops hopes; UK dealer group still cautious on recovery

  10/03/10 - Multinational car dealer Inchcape posted a smaller-than-expected decline in 2009 profit, helped by cost cutting and market share gains, but said it did not see a recovery in its markets until late this year.

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• Russia car sales drop 32% in February

  10/03/10 - Car sales in Russia fell 32 percent in February on a year ago, a slightly less severe drop than the 37 percent slide seen in January, data from the Association of European Businesses showed on Tuesday.

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• Union idea for saving Opel's Belgian plant is ambitious, unrealistic

  10/03/10 - All my sympathy goes to workers who are trying to save their jobs and prevent Opel from closing a plant in Antwerp, Belgium.

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• Daimler dumping stake in Tata Motors, sources say

  08/03/10 - Daimler AG is selling its entire stake in India's Tata Motors Ltd. to raise up to $429 million, sources familiar with the matter said on Monday. Daimler is offering 25.6 million shares in India's largest vehicle maker at 737.4 rupees ($16.2) to 761.

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• GM will make its own diesel control units

  08/03/10 - General Motors Co. is introducing its first in-house diesel engine control unit on the new Opel/Vauxhall Meriva small minivan, making the carmaker independent of unit suppliers such as Robert Bosch AG and Magneti Marelli.

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• Audi predicts strong Q1 sales after 19.9% rise in February

  08/03/10 - Audi expects to finish off the first three months of the year with robust sales following a good performance in February. Sales rose to around 75,900 vehicles last month, which was a gain of 19.

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• Mercedes plans U.S. small car, SUV

  08/03/10 - Mercedes-Benz plans to offer a compact car and a small SUV for sale in the United States but has not decided on the timing.

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• Saab opens talks on tech deals

  08/03/10 - Saab is in talks with up to a half dozen automakers on sharing technology on future models.

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• China's SAIC sees growth slowing as market cools

  07/03/10 - General Motor Co.'s Chinese partner SAIC Motor Corp. expects sales to increase by more than 10 percent this year, sharply lower than its growth in 2009 as the market slows down.

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• Saab opens talks on tech swaps

  07/03/10 - Saab is in talks with up to a half dozen automakers on sharing technology on future models.

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• Saab aims to add BMW 1-series rival

  07/03/10 - Once the Saab brand is re-established, Managing Director Jan Ake Jonsson wants to add a smaller car to compete against the Audi A3 and BMW 1-series entry-premium cars. His boss, Spyker CEO Victor Muller, feels the same way.

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• Toyota could delay European launches, regional head tells paper

  07/03/10 - Toyota could freeze new car launches in Europe this year if it is not satisfied the accelerator problem that forced a mass recall of its vehicles has been solved.

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• Fiat Vice Chairman wants bigger group, report says

  06/03/10 - Fiat Vice Chairman John Elkann wants the Italian industrial group to become bigger, a report in Italy said, amid increasing speculation about a spin off of the group's auto activities.

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• Ford's Turkish JV sees increased exports to Europe

  05/03/10 - Turkish automaker Ford Otosan targets a near 10 percent rise in unit sales this year, driven by a 14 percent jump in exports to $2.5 billion, its General Manager Nuri Otay said on Friday.

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• Geely head says Volvo talks on track, but no deal yet

  05/03/10 - The parent of China's Geely Automobile said it has yet to sign an agreement in its bid for Ford Motor Co.'s Volvo unit, but added that its plan to purchase the brand is on track.

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• India's Mahindra to set date for U.S. launch

  05/03/10 - Mahindra and Mahindra, India's largest utility vehicle and tractor maker, hopes to announce in two to three weeks a timeframe for the launch of its pickups in the United States, a top official said on Thursday. The U.S.

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• Pininfarina, Bollore aim for autumn launch of electric car

  05/03/10 - An electric car developed by Italy's Pininfarina and French financier Vincent Bollore and may be available by autumn, Bollore said.

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• Autoliv CEO says premium sales to offset Toyota decline

  05/03/10 - Autoliv Inc., the world's biggest airbag and seatbelt maker, said higher sales of premium cars loaded with its products would offset a decline in business for beleaguered Toyota Motor Corp.

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• UK new car sales up 26.4% in February

  04/03/10 - New car sales in Britain jumped 26.4 percent in February from a year earlier, the Society of Motor Manufacturers and Traders said, but it forecast demand would tail off after a car scrappage scheme ends next month.

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• Ghosn says he will remain Renault-Nissan CEO for near term

  04/03/10 - Carlos Ghosn, CEO of Renault SA and Nissan Motor Co., said he planned to stay on as head of the Franco-Japanese alliance for the foreseeable future.

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• Ghosn continues hunt for Renault-Nissan partner

  04/03/10 - Renault-Nissan CEO Carlos Ghosn is still looking for a strategic partner to defray his global technology and vehicle costs.

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• Despite hot start, carmakers worried about 2010 Europe sales

  04/03/10 - Carmakers chastened by last year's crisis think 2010 is off to a good start, tempered by fears that momentum could sputter if a broad economic recovery fails to materialize and as European governments turn stingy with car-scrapping bonuses.

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• BMW set to lease 700 electric 1 series to city drivers

  04/03/10 - BMW will lease up to 700 all-electric 1-series cars to selected customers in major global cities, the company's board member for sales and marketing Ian Robertson said.

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• BMW set to lease 700 electric 1 series to city slickers

  03/03/10 - BMW will lease up to 700 all-electric 1-series cars to selected customers in major global cities, the companyand#8217;s board member for sales and marketing Ian Robertson said on Tuesday.

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• Malaysia's Proton to sell hybrid car in Europe

  03/03/10 - Malaysian automaker Proton plans to sell a plug-in gasoline-electric hybrid minicar in Europe within 30 months. The hybrid is one model in the new Emas family of minicars jointly developed by Italdesign Giugiaro and Proton.

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• Fiat's Marchionne could talk auto spin-off in April

  03/03/10 - Fiat could discuss spinning off its auto activities when it presents a five-year strategic plan next month, CEO Sergio Marchionne said. Such a move could unlock value for the company and cheer the market.

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• Toyota Europe apologizes for recall

  03/03/10 - Toyota apologized to its European customers over a recall crisis that has dented its reputation for quality and safety but said the company is not aware of any accident in Europe resulting from unintended acceleration.

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• Fiat CEO says Europe car sales may drop on stimuli

  03/03/10 - The removal of government economic stimuli in Europe could stoke a drop of as much as 16 percent in vehicle sales in the region this year, Fiat CEO Sergio Marchionne said on Tuesday.

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• Saab CEO sees breakeven sales over 100,000 cars a year

  02/03/10 - Saab would have to sell more than 100,000 cars a year to break even and hopes to sell about half of that in 2010, CEO Jan Jonsson said. He said that 2010 would be "a success" for Saab if the company sold 50,000 to 55,000 vehicles.

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• Peugeot aims at German premium brands with new styling

  02/03/10 - Peugeot expects the sleek new styling of its forthcoming 508 mid-sized sedan to win new customers from Germany's premium automakers, the company's managing director Jean-Marc Gales said on Tuesday.

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• Tata to bring electric Nano to Europe in 3 years

  02/03/10 - Tata Motors said it would bring an electric version of the Nano, the world's cheapest car, to Europe within three years, starting with Britain and Scandinavia.

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• Nissan unveils new compact car, sees 1M sales

  02/03/10 - Nissan Motor unveiled its much-awaited low-cost compact car aimed at becoming a major force in the fast-growing segment, targeting global sales of 1 million units.

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• Fiat counts on new Alfa model to give brand a boost

  02/03/10 - Italy's Fiat S.p.A. unveils the Alfa Romeo Giulietta at this week's Geneva auto show, and while analysts do not believe the brand is under threat, they say the new hatchback is a test of its revival.

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• Opel union boss wants GM to invest more in Opel revamp

  01/03/10 - Opel's labor chief Klaus Franz has demanded that parent company General Motors Co. invest at least $1.355 billion (1 billion euros) to restructure the European arm as a way to improve its chances for getting state aid.

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• VW CEO sees difficult 2010 for Germany, Europe

  01/03/10 - Volkswagen AG CEO Martin Winterkorn said 2010 will be a difficult year but Europe's largest automaker is approaching the next few months with cautious optimism. "We know that 2010 will not be an easy year by any means," Winterkorn said.

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• Opel CEO sees progress in German aid talks

  01/03/10 - General Motors Co.'s European unit Opel expects to make good progress in the coming weeks in talks to clinch restructuring aid from the German government, Opel's CEO told Reuters TV in an interview on Monday. The European unit of U.S.

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• Ford debuts Focus wagon -- a vital vehicle for Europe

  01/03/10 - The Geneva auto show today was the setting for what Ford Motor Co. executives consider one of their most important world debuts this year: the next-generation Focus wagon.

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• VW aims to be No. 1 in electric cars

  01/03/10 - Volkswagen AG wants to be No. 1 in hybrid and electric cars before the end of the decade. and#8220;The goal is to become the market leader in E-mobility by the year 2018,and#8221; VW CEO Martin Winterkorn.

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• Bosch, Autoliv help the Avensis earn top safety score

  28/02/10 - Toyota's third-generation Avensis has earned the top score of five stars in the influential EuroNCAP crash test thanks to help from Germany's Robert Bosch and Sweden's Autoliv.

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• Opel Ampera prototype gets test drive to Geneva

  28/02/10 - The first Opel Ampera prototype is getting a road test in a 600km drive from the carmaker's headquarters in Russelsheim, near Frankfurt, Germany, to the Geneva auto show in Switzerland.

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• Lexus reveals details of new hybrid premium compact car

  27/02/10 - Lexus has released details its new CT 200h car, the first full hybrid vehicle to be launched in the premium compact segment. The CT 200h was designed and developed with the European market in mind but will be sold worldwide, Lexus said.

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• Toyota closes gap on Fiat in Europe race for green lead

  27/02/10 - Toyota showed an impressive reduction in its fleet's average carbon dioxide emissions in 2009 and now trails No. 1 Fiat by a small margin in the race to be Europe's greenest brand. Toyota slashed its average CO2 emissions to 130.

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• UK to pay 25% toward electric car price starting in 2011

  27/02/10 - The British government will give up to 5,000 pounds ($7,668) to anyone who buys an "ultra-low carbon" car starting next year, the Department of Transport said on Thursday.

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• Kia to boost output in Slovakia by 40% in 2010

  27/02/10 - South Korean carmaker Kia Motors Corp. will boost car production in Slovakia by 40 percent this year, driven mainly by rising demand in the SUV market, the company's Slovak unit said on Wednesday.

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• Opel restructuring decision to take time, report says

  27/02/10 - A decision on the restructuring plan for Opel unit will take some time, CEO Nick Reilly said, according to a German newspaper.

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• Volkswagen eyes rebound after weak 2009 profits

  26/02/10 - Volkswagen forecast operating profit would rebound this year amid rising sales volumes as it continues its quest to dethrone Toyota Motor Corp. from the automotive industry's top spot.

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• Wiring harness makers tied into antitrust investigation on 3 continents

  26/02/10 - An antitrust investigation into automotive wiring harnesses has spread across three continents and involves at least seven international auto suppliers.Investigators from the FBI this week raided the U.S. headquarters of Denso Corp.

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• Jaguar Land Rover boosts Tata Motors profits

  26/02/10 - Tata Motors Ltd., India's top vehicle maker, reported a rise in sales and margins at its Jaguar Land Rover unit as luxury buyers returned after the global crisis, helping send its shares up more than 6 percent.

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• BMW is big Olympic advertiser

  26/02/10 - BMW Group is using the Winter Olympics to launch a marketing campaign to convince shoppers that BMWs are engineered well but are fun to drive, too. George Sharpe Sr., chairman of the BMW Dealer Forum in the U.S.

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• Porsche will end U.S. spiffs; under VW, it's 'business as normal'

  26/02/10 - Porsche Cars North America says it has slashed its inventories in half in the past few months to about 45 days and expects to end incentive spending by the end of March.

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• Mercedes U.S. dealers want more M's, E's

  26/02/10 - U.S. Mercedes-Benz dealers urged the automaker to open the faucet a tad on vehicle inventories, especially the M-class crossover and E-class coupe, as the automaker prepares for higher volumes in 2010. Factory officials told U.S.

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• EU probes Leoni, other auto wiring suppliers

  25/02/10 - Leoni and some of its rivals are being investigated by EU antitrust regulators for suspected price fixing and could be fined if found in breach of the rules.

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• Magna International posts surprise Q4 loss

  25/02/10 - Magna International Inc., which last fall lost out on a bid to acquire General Motors Co.'

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• Porsche unveils 'green' Cayenne

  25/02/10 - Porsche has released details of its new, greener Cayenne SUV that will debut at the Geneva auto show on March 2.

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• Jaguar Land Rover wins loan from European Bank

  25/02/10 - India's Tata Motors said its Jaguar Land Rover unit has received a 340 million pound ($458 million) loan from the European Investment Bank (EIB).

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• UK to pay 25% toward electric car price starting in 2011

  25/02/10 - The British government will give up to 5,000 pounds ($7,668) to anyone who buys an "ultra-low carbon" car starting next year, the Department of Transport said on Thursday.

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• VW puts a 20,000-euro price premium on Touareg hybrid

  25/02/10 - Volkswagen AG's starting price in Germany for the hybrid version of its new Touareg will be 73,500 euros (nearly $100,000), a premium of more than 20,000 euros compared with the base price for a non-hybrid variant of the premium SUV.

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• VW puts a 20,000-euro price premium on Touareg hybrid

  24/02/10 - Volkswagen AG's starting price in Germany for the hybrid version of its new Touareg will be 73,500 euros (nearly $100,000), a premium of more than 20,000 euros compared with the base price for a non-hybrid variant of the premium SUV.

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• Kia to boost output in Slovakia by 40% in 2010

  24/02/10 - South Korean carmaker Kia Motors Corp. will boost car production in Slovakia by 40 percent this year, driven mainly by rising demand in the SUV market, the company's Slovak unit said on Wednesday.

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• French car-scrappage scheme lifts euro zone orders

  24/02/10 - Euro zone industrial new orders unexpectedly rose in December against November, data showed, helped in large part by a car-scrappage scheme in France designed to encourage vehicle purchasing.

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• Audi U.S. chief: Profit means more than hitting sales goal

  24/02/10 - Despite Audi's oft-stated plans to sell 200,000 vehicles in the United States by 2018, the luxury brand's North American chief says profitable growth is more important.

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• Land Rover promises U.S. small SUV in 2011

  24/02/10 - A new, smaller SUV for Land Rover will go on sale late in the third quarter of 2011, Land Rover announced to dealers at the U.S. National Automobile Dealers Association Convention.

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• GM completes sale of Saab to Dutch car maker Spyker

  23/02/10 - GM has completed the sale of Saab to Dutch luxury sports car maker Spyker Cars, marking the first successful sale of one of its four unwanted U.S. brands.

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• Floor mat problem sparked 2000 Toyota recall in UK

  23/02/10 - Toyota recalled its Lexus IS 200 in the UK for floor mat entrapment almost 10 years ago without informing U.S. highway safety regulators. The action, listed on a UK government Web site and confirmed by a U.S.

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• Hyundai plans product offensive to boost European sales

  23/02/10 - Hyundai will launch 10 new and revamped models in Europe within the next two years to boost its market share beyond the 2.75 percent it forecasts for 2010.

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• German auto executive missing in South Africa

  23/02/10 - South African police are investigating the disappearance of a German auto executive who went missing three weeks ago while on a business trip to the country.

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• German minister backs bigger GM contribution at Opel

  23/02/10 - German Economy Minister Rainer Bruederle on Tuesday backed demands for a greater contribution from GM for the overhaul of Opel.

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• Daimler scraps dividend after 2009 loss

  22/02/10 - Daimler AG scrapped its annual dividend last week for the first time in 14 years after it swung to a worse-than-expected 2009 net loss.

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• Two and#8216;heavyweights' who could help Saab-Spyker succeed

  21/02/10 - Spyker CEO Victor Muller said earlier this month that he is looking for two "heavyweights" from the car industry to join the supervisory board of the combined Saab-Spyker.

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• Russia investor wants in Spyker-Saab deal

  19/02/10 - Russian investor Vladimir Antonov, ousted from a deal by Dutch luxury sports car maker Spyker to buy Saab from General Motors Co., said he was still lending to Spyker and wanted to remain a co-owner of the group.

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• Honda is studying small diesel for Europe, randd chief says

  19/02/10 - Honda is studying development of a small diesel engine for Europe and India.

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• Bertone to unveil futuristic Alfa Romeo Pandion concept

  19/02/10 - Italian design house Bertone returns to the Geneva auto show after a two-year absence with an Alfa Romeo concept which is a true dream car, with no plans for production.

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• More details emerge about Skoda's Logan fighter

  19/02/10 - More details have emerged about a low-cost family sedan planned by Skoda to compete against the successful Logan, which is produced by Renault's Dacia subsidiary.

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• Ford to debut 5- and 7-seat minivans in Geneva

  19/02/10 - Ford will debut production versions of the new C-Max and Grand C-Max minivans at the Geneva auto show on March 2.

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• Spyker will need more money to sell more Saabs

  19/02/10 - Spyker will have to raise more cash in order to make its $400-million acquisition of Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.

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• Jaguar Land Rover names former Ford, BMW exec Speth as CEO

  18/02/10 - Jaguar Land Rover said it has appointed former BMW AG and Ford Motor Co. executive Ralf Speth as CEO. Speth will report to former General Motors Co.

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• Jaguar Land Rover names former Ford, BMW exec Speth as CEO

  18/02/10 - Jaguar Land Rover said it has appointed former BMW AG and Ford Motor Co. executive Ralf Speth as CEO. Speth will report to former General Motors Co.

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• Spyker will need more money to sell more Saabs

  18/02/10 - Spyker will have to raise more cash in order to make its $400-million acquisition of Saab sustainably profitable amid gut-wrenching changes in the global automobile industry.

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• Q4 profit at Ford's Turkish JV beats forecasts

  18/02/10 - Ford Otosan posted a higher-than-expected 149 percent rise in fourth-quarter net profit after exports and domestic sales campaigns lifted demand hit hard by the economic slowdown. Ford Otosan, jointly owned by Ford Motor Co.

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• Daimler scraps dividend after 2009 loss

  18/02/10 - Daimler AG scrapped its annual dividend for the first time in 14 years after it swung to a worse-than-expected 2009 net loss, sending shares down to their lowest level in five months.

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• Daimler set to extend CEO's contract, source says

  16/02/10 - Daimler AG's supervisory board is set to approve a three-year extension to CEO Dieter Zetsche's contract on Wednesday, a source familiar with the matter told Reuters.

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• UK-made Toyota Auris hybrid ready for debut

  16/02/10 - Toyota's UK-made, production-ready Auris hybrid will make its world debut at the Geneva auto show early next month.

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• Ford India to launch Figo subcompact in March

  16/02/10 - Ford Motor Co.'s India unit said on Tuesday it would launch its subcompact car in March and is expanding its dealer network in the fast-growing market.

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• VW, labor extend jobs pact for German plants

  16/02/10 - German engineering sector union IG Metall has agreed with Volkswagen AG to extend job guarantees at the carmaker's western German plants by three years until 2014, the union said on Tuesday.

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• EU Jan. new car registrations up 12.9%

  16/02/10 - Passenger-car sales rose 12.9 percent in January in EU member states, as the effects of scrapping incentive schemes boosted demand.

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• Toyota crash complaints rise in U.S.

  16/02/10 - Fatalities alleged by consumers to the government related to unintended acceleration in Toyota Motor Corp. vehicles have reached 34, with a recent jump in complaints accounting for more than a third of the total, U.S. regulators said on Monday.

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• New Fiat platform will underpin 1M models a year

  15/02/10 - Fiat S.p.A.'s new Compact vehicle architecture is scheduled to underpin 700,000 Chrysler group vehicles a year in the U.S. and 300,000 in Europe by 2014.

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• VDA boss sees strong world car market grow in 2011

  14/02/10 - German Automotive Association VDA expects the worldwide automotive market to grow significantly from 2011 onward, its head told a German daily on Sunday.

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• Surging Kia rises into Russia's top 3

  14/02/10 - Kia finished the first month of the year as Russia's No. 3 brand thanks to a 35 percent rise in sales.

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• BMW leads in U.S. true-luxury for 2009

  14/02/10 - Once again, I'm about to make one friend and more enemies than I need. It's time to crown the true-luxury sales king in the United States for 2009. I define true luxury as a car with a sticker price of $45,000 or more.

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• Daimler's Weber says dealers have 2 years to be ready for electric cars

  14/02/10 - Daimler AG aims to ensure its dealer and service network is ready within two years for the introduction of electric cars, Thomas Weber, the company's development chief, said.

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• German suppliers step up campaign against counterfeit components

  14/02/10 - German suppliers are adopting a new weapon in their efforts to stop illegal copying of their components. Robert Bosch said educating consumers to spot counterfeit parts is playing an increasing role in keeping product piracy in check.

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• VW plans to build electric drivetrains on its own

  14/02/10 - Volkswagen AG plans to build drivetrains for its electric vehicles in-house.

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• Ghosn expects Nissan to be debt-free by end 2010

  14/02/10 - issan Motor Co. expects to be debt-free by the end of 2010 and is looking to double its market share in the Middle East region, its CEO said on Sunday.

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• Spyker, Saab take key steps toward reviving Swedish automaker

  14/02/10 - Two months ago it looked like Saab was finished. At the time, parent General Motors Co. said it would close the money-losing Swedish brand because a sale to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.

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• Lexus to fight Audi A1 with hybrid-only compact car

  13/02/10 - Lexus has unveiled a teaser shot of a premium compact hybrid car that will debut in Geneva. Lexus says the CT 200h will be the first and only full-hybrid model in the premium compact segment.

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• Hyundai concept previews potential Opel Insignia rival

  13/02/10 - Hyundai will unveil a concept car at the Geneva auto show that previews a mid-sized sedan that would rival models such as the Opel/Vauxhall Insignia and Ford Mondeo in Europe.

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• VW's U.S. dealers need new vehicles to hit volume goal

  13/02/10 - In 2009's dismal market, Volkswagen dealers fared better than retailers of many other brands. VW division sold 213,454 vehicles in the United States last year, down 4 percent compared with 2008. Meanwhile, total U.S.

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• Spyker, Saab take key steps toward reviving Swedish automaker

  12/02/10 - Two months ago it looked like Saab was finished. At the time, parent General Motors Co. said it would close the money-losing Swedish brand because a sale to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.

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• Spyker, Saab take key steps toward reviving Swedish automaker

  12/02/10 - Two months ago it looked like Saab was finished. At the time, parent General Motors Co. said it would close the money-losing Swedish brand because a sale to Dutch niche car maker Spyker Cars NV could not be completed quickly enough.

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• Volkswagen recalls 200,000 cars in Brazil

  11/02/10 - Volkswagen AG is recalling close to 200,000 units of its new-generation Gol and Voyage models built in Brazil for the local market. The cars are being recalled due to insufficient grease in rear wheel bearings in some cases.

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• VW makes new Touareg lighter and leaner

  11/02/10 - The second-generation Volkswagen Touareg premium SUV is 208kg lighter and about 20 percent more fuel efficient than the current model. The SUVand#8217;s reduced fuel usage comes thanks to a hybrid system mated with a V-6 gasoline engine.

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• VW Czech unit Skoda to slow Octavia output

  11/02/10 - Volkswagen AG Czech unit Skoda will cut production of its Octavia compact to 441 vehicles a day from 574 starting in March, a spokesman said on Thursday. The cut affects its main factory in Mlada Boleslav.

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• Renault targets 2010 free cash flow after year loss

  11/02/10 - Renault posted a wider-than-expected net loss for 2009, saying it would focus on generating positive free cash flow in a tough 2010 market.

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• Russia pledges 2.1 billion euros to Fiat, Sollers JV

  11/02/10 - Russia has pledged to back a new partnership between Russia's Sollers and Italy's Fiat S.p.A. with 2.1 billion euros ($2.76 billion) in subsidized loans in the latest attempt to revive its ailing auto industry.

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• Fiat, Russia's Sollers to create 2.4B euro JV

  10/02/10 - Italy's Fiat S.p.A. and Russian carmaker Sollers plan to invest 2.4 billion euros in a Russian joint venture with an aim to produce up to 500,000 Fiat cars a year, the Russian government said in a statement on Wednesday.

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• Italy car sales to fall with no incentives, Fiat CEO says

  10/02/10 - Carmakers will sell 350,000 fewer cars in Italy without the renewal of incentives for new-car buyers, Fiat CEO Sergio Marchionne said on Wednesday.

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• PSA posts 2009 loss; sees good H1 but unsure on H2

  10/02/10 - PSA/Peugeot-Citroen refused to give a 2010 forecast beyond mid-year and warned conditions would remain tough, after it posted its biggest net loss in 20 years.

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• Honda recalls another 438,000 cars for airbag risk; Europe models OK

  10/02/10 - Honda Motor Co. said it would recall another 438,000 cars globally to replace an airbag deflator that could rupture and send shards toward the driver in an accident. Honda vehicles sold in Europe are not fitted with this type of airbag.

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• Germany, Spain cautious on Opel's bid for state aid

  10/02/10 - European countries with Opel factories reacted cautiously to the carmaker's request for 2.7 billion euros ($3.7 billion) in loans or loan guarantees to help it cut nearly 8,400 of its 48,000-person work force and reduce capacity by a fifth.

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• Toyota to recall Prius in Japan to fix brakes

  09/02/10 - Toyota Motor Corp. plans to recall its popular Prius hybrid in Japan on Tuesday, on its way to similar safety campaigns in the United States and other countries. Details of the planned recall were not immediately available.

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• Russia car sales slump in January bodes ill for 2010

  08/02/10 - New-car sales in Russia fell 37 percent in January from a year before, dampening hopes the market could avoid a second consecutive year of collapse.

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• No state aid to save Opel plants, EU says

  08/02/10 - The EU will only authorize aid for Opel if the company presents a credible rescue plan, said EU Competition Commissioner Neelie Kroes, adding that EU nations cannot offer Opel help just to protect plants in their own countries from closure.

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• Toyota readies global Prius recall, source says

  08/02/10 - Toyota is preparing a recall of its Prius in Japan as early as Tuesday, followed by similar steps in the U.S., Europe and other markets.

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• Chrysler, Lancia to share a stand at Geneva show

  08/02/10 - Chrysler and Lancia will share a stand at next month's Geneva auto show in another step in the integration of the brands.

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• ANALYSIS: Toyota stumbles but its 'kaizen' cult endures

  07/02/10 - The crisis at Toyota stemming from the massive recall of some of its vehicles is prompting other manufacturers that adopted its production system to ask whether the incident reveals a fundamental flaw in the Toyota Way.

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• Suppliers make gains in Q4; automakers, retailers fall

  07/02/10 - Suppliers were the winners in the final quarter of 2009 thanks to Norway's Kongsberg Automotive Holding ASA and France's Valeo SA. The shareholder value for European partsmakers increased 7.

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• Opel and its unions vie for upper hand in restructuring

  07/02/10 - Opel is arm-wrestling with workers over a restructuring plan, with labor accusing managers of sneaking in extra job cuts as they race to get the plan signed before cash runs out.

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• Toyota plans global recall of Prius, report says

  07/02/10 - Toyota Motor Corp., facing fresh complaints about momentary brake slippage in its Prius hybrid, now plans to recall the car in about 60 countries, including the United States, a Japanese media report said.

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• COMMENT: When did it finally click for Akio?

  07/02/10 - On the day President Akio Toyoda finally decided to face the public about his company's exploding quality crisis -- his first appearance since October -- he had an epiphany.

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• Toyota India unit sees doubling sales in 5 to 7 years

  06/02/10 - Toyota Kirloskar Motors, the Indian unit of Toyota Motor Corp., expects to double its sales in the next five to seven years, powered by its Etios cars to be launched at the end of this year, a top company official told Reuters on Saturday.

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• Bernhard will take key post at Mercedes, Daimler says

  05/02/10 - Wolfgang Bernhard will join Daimler's management board as head of Mercedes-Benz Cars' production and procurement and boss of the Mercedes vans division, the company said today.

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• Fiat refuses to stop plans to close Sicily plant

  05/02/10 - Italian carmaker Fiat S.p.A. refused to reconsider plans to shut down a Sicilian plant during government-mediated talks, spurring an impromptu stoppage at the factory, union officials said on Friday.

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• Toyota president apologizes for global recall

  05/02/10 - Toyota Motor Corp. President Akio Toyoda apologized on Friday for a massive global recall that has tarnished the reputation of the world's largest automaker.

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• UK's Mandelson leaves door open for GM aid from Europe

  05/02/10 - British Business Secretary Peter Mandelson said on Friday European governments could consider some support for U.S. carmaker General Motors Co.'s European operations if the carmaker presented them with a business plan.

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• Electric car maker Fisker to consolidate research facilities

  05/02/10 - Electric vehicle startup Fisker Automotive Inc., which is producing its first car in Finland, is consolidating its research and design operations by transferring about 30 people from the U.S. state of Michigan to its California facility.

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• Renault partner AvtoVAZ aims to break even in 2010

  04/02/10 - Renault's Russian partner AvtoVAZ will break even by the end of this year, company president Igor Komarov told Reuters Financial Television on Thursday.

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• BMW, PSA expand engine cooperation

  04/02/10 - BMW AG and PSA/Peugeot-Citroen SA will develop a new, more environmentally friendly version of their Prince engine currently fitted in BMW's Mini and PSA's compact and subcompact cars.

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• VW might cut volume of new stock that it issues, CFO says

  04/02/10 - Volkswagen might not issue the full amount of new preference stock allowed by shareholders, its finance chief said, ending talk a blockbuster takeover could emerge soon.

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• Workers strike at Fiat plants in Italy

  04/02/10 - Workers at Fiat S.p.A. plants across Italy held a four-hour strike on Wednesday to protest plans to shut a factory in Sicily.

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• Being No. 1 is not Winterkorn's real aim for VW

  04/02/10 - Can Volkswagen overtake Toyota as the world's biggest automaker by 2018? Probably not. But that's not the real aim of VW CEO Martin Winterkorn.

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• Clear long-term strategy bodes well for VW in China

  03/02/10 - Volkswagen AG does not have the most attractive cars in Chinese consumers' eyes. No VW-badged model won any of J.D. Power's China APEAL awards in 2009. In a market that grew 46 percent last year, VW's 36.

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• Langlois is PSA's new communications chief

  03/02/10 - Caroline Mille-Langlois will be the new head of corporate communications at PSA/Peugeot-Citroen. She succeeds Liliane Lacourt, who is retiring on March 31 after 20 years with the French automaker.

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• Ford's China JV to keep making Volvos, Geely exec says

  02/02/10 - Ford Motor Co. will continue to make Volvo S40 and S80 models at its China car venture for some time after the planned purchase of the Swedish car brand by China's Geely, a Geely official said on Tuesday.

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• Renault will unveil Wind roadster at Geneva show

  02/02/10 - Renault will unveil a new roadster called the Wind at the Geneva auto show on March 2.

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• VW sets mid-term goal to be top carmaker

  02/02/10 - VW, aspiring to unseat Toyota as the world's top carmaker by 2018, unveiled on Tuesday its mid-term goals that include an operating margin of at least 5 percent for its car business.

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• Toyota says parts to fix pedals will arrive in Europe next week

  02/02/10 - Toyota said the first parts to fix accelerator pedals of up to 1.8 million cars it plans to recall in Europe will arrive next week.

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• Toyota sees sales hit from massive recalls, stands by pedal supplier

  02/02/10 - Toyota may have trouble meeting its 2010 sales target because of quality problems, Shinichi Sasaki, vice president in charge of quality, said. The financial impact of the recalls is still unclear but sales will likely take a hit, he said.

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• Spyker seeks Saab funding, sets tough profit goal

  02/02/10 - Spyker Cars has set Saab an ambitious 2012 profit target as it stressed development funding was secured despite needing more cash to fund its acquisition of the Swedish brand.

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• BMW looks at insuring UK pension liabilities

  02/02/10 - German carmaker BMW AG's British pension fund is considering ways of covering the risk posed by people living longer, the company said on Monday, joining a list of companies looking to manage their pension liabilities.

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• Renault monitoring pedal issue; no problem so far

  01/02/10 - Renault is monitoring the issue of faulty accelerators to establish whether it may face problems too, as Toyota Motor Co. fights to salvage its reputation after a massive safety recall.

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• Opel CEO denies that GM plans 2,000 extra job cuts in Europe

  01/02/10 - Opel CEO Nick Reilly denied a claim from unions that General Motors Co. is planning to cut 2,000 additional jobs at its Opel/Vauxhall unit.

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• Pope boosts fight to save Fiat plant in Sicily

  01/02/10 - Pope Benedict boosted campaigners' fighting to save a Fiat factory in Termini Imerese, Sicily, when he called on businesses and officials to stem job losses.

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• Ferrari to reveal hybrid 599 at Geneva show

  01/02/10 - Ferrari will introduce hybrid technology and the first model to get it will be the 599, chairman Luca di Montezemolo said. The prototype 599 hybrid will be unveiled at the Geneva auto show in March.

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• Toyota to announce details of pedal fix plan

  01/02/10 - Toyota will announce on Monday details of its plan to fix accelerator pedals that have led to the recall of 2.4 million cars in the U.S. and potentially 1.8 million cars in Europe.

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• PSA to recall cars made with Toyota at Czech JV plant

  30/01/10 - PSA/Peugeot-Citroen said on Saturday it would recall nearly 100,000 cars because they have the same accelerator-related problems currently afflicting Japan's Toyota Motor Corp.

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• Toyota head apologizes for huge recall

  30/01/10 - Toyota Motor Corp. President Akio Toyoda apologized for the recall of millions of vehicles around the world, Japanese broadcaster NHK reported, as the deepening recall crisis threatened to further damage its sales and delay an earnings recovery.

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• China 2010 vehicle sales growth to slow, paper reports

  30/01/10 - Growth in China's vehicle sales could see a large slowdown this year compared with 2009 due to the robust growth-rate of that year, but sales will still be strong, a state-run newspaper said on Saturday.

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• 8 Toyota models part of massive European recall

  29/01/10 - Toyota Motor Europe said it will recall eight of its top-selling models to fix a problem with the cars' accelerator pedals. The recall may reach up to 1.

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• Barclays sees Toyota's U.S. rivals gaining market share

  29/01/10 - Toyota Motor Corp.'s sales suspension in the United States will help competitors gain market share in the near term, particularly General Motors Co., Honda Motor Co., Ford Motor Co., Nissan Motor Co. and Hyundai Motor Corp.

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• Jazz models in UK hit hard by Honda's 646,000-car recall

  29/01/10 - Honda will recall 172,000 Jazz cars in the UK as part of a global recall of 646,000 units of the model globally.

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• Nissan to hire 400 workers at UK's biggest car plant

  29/01/10 - Nissan Motor Co. said on Thursday it will create 400 temporary new jobs at Britain's biggest car plant to meet rising demand for its best-selling model.

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• VW's Seat aims to get rid of poor-performing staff

  29/01/10 - Employees at Volkswagen AG's Spanish subsidiary Seat are fighting new CEO James Muir's plans to lay off employees. Muir wants to reorganize the money-losing automaker and boost its efficiency, performance and productivity.

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• Toyota shares fall 16.7% in week due to recall woes

  29/01/10 - Shares in Toyota Motor Corp. fell for the sixth straight day on Friday as the world's top automaker's problems intensified over a recall of millions of vehicles due to faulty accelerator pedals and floor mats.

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• Opel CEO Reilly adds German politician and former Ford exec to his new team

  28/01/10 - Opel CEO Nick Reilly has added a German politician and a former Ford executive to his new management team.

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• Ford swings to profit in Europe in Q4; Volvo lowers loss

  28/01/10 - Ford Motor Co. swung to a profit in Europe in the fourth quarter of 2009 while its Swedish Volvo unit reported a much lower loss compared with the year before.

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• GM hands Fiat full ownership of Polish diesel engine plant

  28/01/10 - Fiat will acquire full control of a Fiat-GM joint manufacturing venture that builds diesel engines in Poland where the Italian automaker plans to start building a two-cylinder 900cc gasoline engine.

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• Europe has faced Toyota's problem pedal since 2008, report says

  28/01/10 - Toyota has been dealing with defective accelerator pedals in Europe since December 2008, according to The Wall Street Journal.

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• Ford posts Q4 profit, forecasts operating profit for 2010

  28/01/10 - Ford Motor Co. posted a fourth-quarter profit today and swung to its first full-year profit since 2005 with the help of accounting gains while forecasting an operating profit for this year.

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• Toyota expands recall to Europe, FT reports

  28/01/10 - Toyota Motor Corp. is expanding its recall of vehicles with defective gas pedals to Europe, the Financial Times reported.

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• Fiat theatened with sales boycott in Italy over lay offs

  27/01/10 - Political activists in Italy are calling for Italians to boycott Fiat S.p.A. vehicles in protest at the automaker's plans to shut all its plants in the country for two weeks and possibly ax a car production factory in Sicily.

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• EU says it will rapidly review Saab loan guarantee

  27/01/10 - European Union regulators said on Wednesday they would review as soon as possible Swedish authorities' plan to guarantee a 400 million euro ($562 million) European Investment Bank loan to Saab.

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• Abu Dhabi has big plans for its Daimler stake

  27/01/10 - Daimler's major shareholder is very satisfied with its investment. "Daimler is the most exciting investment that we have ever done," said Mohamed Badawy Al-Husseiny, CEO of the Aabar investment company, in an interview with Automobilwoche.

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• Toyota earnings recovery in doubt as it halts U.S. sales of 8 models in recall

  27/01/10 - Toyota Motor Corp. said it will suspend sales in North America of eight models involved in recall, a move that could throw the timing of its earnings recovery into doubt and one that pushed its shares 2 percent lower.

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• Saab-Spyker too small to survive, skeptics say

  27/01/10 - The audacious bid by Spyker Cars NV to buy the iconic Saab brand has met with skepticism from many inside the auto industry including Fiat CEO Sergio Marchionne.

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• GM, Spyker reach deal on Saab; sale expected to close next month

  26/01/10 - General Motors Co. and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab.

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• Spyker has deal to buy Saab from GM, avoiding shutdown, reports say

  26/01/10 - Spyker Cars has agreed to buy Saab from GM. for $74 million in cash, saving the Swedish brand from a shutdown, Reuters reported, citing a source.

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• Spyker CEO says Saab talks positive, could go either way

  26/01/10 - Spyker Cars CEO Victor Muller said on Tuesday that talks on its bid to purchase Saab were proceeding well and negotiations could go either way. He said: "It is such a complicated transaction. It's not for no reason it has taken so long.

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• Opel aims to finalize restructuring plan in Feb.

  26/01/10 - GM completed a restructuring plan for Opel that could be signed by unions around the middle of February, finally allowing the company to cut around 8,300 jobs, Opel CEO Nick Reilly said.

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• Toyota sees 2010 sales up 6%; to keep No. 1 spot

  26/01/10 - Toyota expects its group-wide sales to climb 6 percent to 8.27 million vehicles in 2010, likely giving it a comfortable lead over VW and GM as the world's biggest automaker. Toyota expects to sell 7.4 million vehicles worldwide, up 6 percent.

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• Sweden denies it has OK'ed state aid for Saab

  25/01/10 - The Swedish government said on Monday it had taken no decision on whether to grant state guarantees for European Investment Bank loans to Saab as part of a possible purchase by Spyker from General Motors Co.

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• Sweden denies it has OK'ed state aid for Saab

  25/01/10 - The Swedish government said on Monday it had taken no decision on whether to grant state guarantees for European Investment Bank loans to Saab as part of a possible purchase by Spyker from General Motors Co.

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• PSA targets 8% of China market by 2016

  25/01/10 - French carmaker PSA Peugeot Citroen wants to grow 30 percent in China this year, with a long-term goal of obtaining an 8 percent share of its booming market by 2016, a senior executive said on Monday.

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• PSA targets 8% of China market by 2016

  25/01/10 - French carmaker PSA Peugeot Citroen wants to grow 30 percent in China this year, with a long-term goal of obtaining an 8 percent share of its booming market by 2016, a senior executive said on Monday.

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• China's SAIC to sell MG cars in Europe by year-end

  25/01/10 - SAIC Motor plans to sell its UK-made MG cars in Europe at the end of the year. Assembly of MG-series models, including the MG 6, would begin at its Longbridge plant in England late this year, SAIC chairman Hu Maoyuan said.

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• China's SAIC to sell MG cars in Europe by year-end

  25/01/10 - SAIC Motor plans to sell its UK-made MG cars in Europe at the end of the year. Assembly of MG-series models, including the MG 6, would begin at its Longbridge plant in England late this year, SAIC chairman Hu Maoyuan said.

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• Toyota plans to repair 2 million cars in Europe, paper says

  25/01/10 - Toyota will offer to repair about 2 million cars in Europe to fix potentially faulty accelerator pedals that had led to a massive recall in the U.S., a Japanese newspaper reported.

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• Toyota plans to repair 2 million cars in Europe, paper says

  25/01/10 - Toyota will offer to repair about 2 million cars in Europe to fix potentially faulty accelerator pedals that had led to a massive recall in the U.S., a Japanese newspaper reported.

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• Spyker's Muller poised to show his winning formula for Saab

  25/01/10 - Spyker Cars CEO Victor Muller has remained true to his company motto and#8220;nulla tenaci invia est via -- for the tenacious no road is impassable"

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• Spyker's Muller poised to show his winning formula for Saab

  25/01/10 - Spyker Cars CEO Victor Muller has remained true to his company motto and#8220;nulla tenaci invia est via -- for the tenacious no road is impassable"

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• Fiat doesn't need bond in 2010, Moody's says

  23/01/10 - Rating agency Moody's does not see any need for Fiat S.p.A. to issue a bond this year as the automaker has high liquidity and access to committed bank facilities to cover maturing debt.

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• Johnson Controls posts profit, raises outlook

  23/01/10 - Johnson Controls Inc., which gets more than half of its sales from Europe, said Friday that it posted a higher-than-expected quarterly profit and raised its fiscal-year outlook as global auto production volumes recover from steep declines.

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• GM, Spyker make progress on Saab deal

  23/01/10 - Spyker Cars NV is "well-positioned" to purchase ailing Swedish carmaker Saab after negotiations with owner General Motors Co. in Stockholm, a spokesman for rival bidder Genii Capital said on Saturday.

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• Opel workers plan protest over Antwerp closure

  22/01/10 - Workers at Opel will stage a mass protest next week over the planned closure of the carmaker's Antwerp factory in Belgium. GM has said it will shutter the plant as part of its proposals to cut its European capacity by a fifth.

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• EU bank lends 600M euros to Ford's European arm

  22/01/10 - Ford of Europe has won loans of 600 million euros to expand its car assembly plant in Craiova, Romania, and boost randd in Germany.

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• Infiniti ads show off new global image plans

  22/01/10 - Nissan's Infiniti brand launched two new ads in national U.S. newspapers as the luxury marquee develops its first unified, worldwide brand image. Infiniti's move followed beefed up U.S. advertising efforts by German competitor Audi.

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• Fiat will merge Alfa, Maserati and Abarth into single brand group

  22/01/10 - Fiat has created a new brand group for its sporty Alfa Romeo, Maserati and Abarth marques. The group will be headed by Harald J.

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• Volvo, Think battery partner to open new U.S. factory

  22/01/10 - A unit of Volvo and Think Global battery partner Ener1 will invest $237 million in a new U.S. factory to meet expected demand from the automotive sector.

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• Spyker nears outcome in talks with GM to buy Saab

  21/01/10 - Spyker said it is nearing an outcome in its talks to buy Saab from GM. Spyker is battling a bid for Saab from Genii Capital, which is backed by F1 mogul Bernie Ecclestone.

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• Opel to close Antwerp plant

  21/01/10 - Opel said it will shutter its plant in Antwerp, Belgium. The closure is the first of several restructuring moves.

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• Suzuki would refuse if VW seeks bigger stake

  21/01/10 - Suzuki CEO Osamu Suzuki said on Thursday he would probably refuse any approach by VW for a bigger stake in his company. "When Suzuki becomes a bigger and more successful company, Volkswagen will probably want to buy more of our shares," Suzuki said.

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• Protectionism is understandable, but useless

  21/01/10 - If anyone thought trade protectionism died when the Japanese started building auto plants outside Japan, welcome to 2010. As economies around the world reel from job losses, protectionism is back in vogue.

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• Purves retires as Rolls-Royce CEO; BMW sales veteran Mueller is successor

  21/01/10 - BMW sales and marketing veteran Torsten Mueller will be the new head of Rolls-Royce, succeeding current CEO Tom Purves who retires at the end of March.

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• Workers stage protest at GM plant in Belgium

  20/01/10 - Workers blocked access to part of GM's plant in Antwerp, Belgium, in protest at the likely closure of the factory. Opel CEO Nick Reilly is pressing ahead with the closure of the Astra plant as he seeks to slash European capacity by one fifth..

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• BMW sales veteran Mueller to succeed Purves as Rolls-Royce CEO

  20/01/10 - BMW sales and marketing veteran Torsten Mueller will be the new head of Rolls-Royce, succeeding current CEO Tom Purves who retires at the end of March.

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• Mini reveals details of new Countryman SUV

  20/01/10 - Mini released pictures and details of its new Countryman model, the BMW-owned brand's first four-door model.

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• GM to close Opel's Antwerp plant, sources say

  20/01/10 - GM will close its Opel plant in Antwerp, sources said, slamming the door on hopes to save the jobs of the site's 2,300 staff.

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• VW eyes new China plant to make Seat cars, report says

  20/01/10 - VW plans to build a fifth plant in China to secure its leadership in the world's largest car market while taking on larger rival Toyota, a Chinese newspaper reported.

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