Global News

Autoliv CEO says demand still firm, repeats outlook

Sept. 3 15:16 CET
Autoliv, the world's biggest maker of airbags and seat belts, has seen no decline in demand despite slower car production in the second half of the year, its top executive said on Friday. The Swedish company also repeated its outlook for sales and operating margin for the third quarter as well as the full year, CEO Jan Carlson said in an interview.... Read More »
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VW plans new assembly line at Russia's GAZ

Sept. 3 06:01 CET
VW is planning a new assembly line at Russia's GAZ to boost production in the booming market, VW CEO Martin Winterkorn said. GAZ was supposed to enter an alliance with GM's Opel unit following a joint bid for Opel by Russia's Sberbank and Canada's Magna International Inc.... Read More »
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2010 PARIS AUTO SHOW

Chevy unveils Cruze hatchback for Europe

Sept. 3 10:44 CET
Chevrolet aims to boost sales in Europe's key compact segment by launching a hatchback version of its Cruze sedan. Chevrolet Europe head Wayne Brannon said hatchbacks account for 65 percent of compact sales in Europe and the Cruze hatchback will help the brand be "taken seriously" as a mainstream player in the region.... Read More »
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China set to become Audi's largest car market

Sept. 3 12:31 CET
China remains on track to eclipse Germany as Audi's largest market following another set of monthly sales figures that displayed booming growth for luxury cars in the world's most populous nation.... Read More »
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U.S. Treasury mulls over foreign investors in GM, report says

Sept. 3 08:16 CET
The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co.'s proposed initial public offering, the Wall Street Journal said. The Treasury is cautious because it is looking to minimize any political fallout from the IPO.... Read More »
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2010 PARIS AUTO SHOW

Jaguar concept to reveal future sports-car styling

Sept. 3 06:01 CET
Jaguar will preview a new styling direction at the Paris auto show later this month with a sports-car concept that also celebrates the company's 75th anniversary.... Read More »
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Europe

Mahindra to invest in car development with Ssangyong

12:01 am U.S. ET | Aug. 23
Mahindra & Mahindra Ltd., India's largest sport-utility vehicle maker, may jointly build new cars with Korea's Ssangyong.... Read More »
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Asia
2010 PARIS AUTO SHOW

Mazda uses Shinari concept to preview future design language

6:42 am U.S. ET | Aug. 30
Mazda today unveiled the Shinari sports coupe, a four-door concept car that indicates the future design direction for the Japanese brand. The concept will be on Mazda's stand at the Paris auto show in early October.... Read More »
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China

GM expects competitive Chevy Volt pricing in China

7:01 am U.S. ET | Aug. 31
General Motors Co. expects competitive pricing for its hybrid Chevrolet Volt in China as it hopes to gain a foothold in China's fledgling environmentally friendly car industry with the highly anticipated car.... Read More »
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