Automotive industry http://www.globalpost.com/taxonomy/term/23169/all en CORRECTED-UPDATE 3-US auto sales close out 2012 on positive note http://www.globalpost.com/dispatch/news/thomson-reuters/130103/corrected-update-3-us-auto-sales-close-out-2012-positive-note <p>(Removes reference to 2012 in paragraph 5, to make clear that entire paragraph refers to 2013 industry projections) * Industry on pace to turn in best year since 2007 * Toyota, Honda gained market share in 2012 * Toyota's U.S. December sales up 9 pct, GM up 5 pct * Economic uncertainty in 2013 may dampen sales By Bernie Woodall and Ben Klayman DETROIT, Jan 3 (Reuters) - U.S.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130103/corrected-update-3-us-auto-sales-close-out-2012-positive-note" target="_blank">read more</a></p> Automotive industry Bankruptcy Business Car classifications Chrysler Group LLC Company Affiliates Company Competitor Conference Call Ford Motor Co Ford Motor Company General Motors General Motors Co GM Honda Honda Motor Co Ltd. Hyundai Motor Company Late-2000s financial crisis Natural Disaster Nissan Motors Person Career Person Location Pickup truck Quotation Toyota Toyota Motor Corp Transport United States Volkswagen Thomson Reuters Fri, 04 Jan 2013 04:15:30 +0000 5731097 at http://www.globalpost.com UPDATE 4-U.S. January auto sales indicate strong start to 2013 http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-2-gm-ford-post-stronger-expected-us-auto-sales-january <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Auto sales up 14 percent; sales pace at 15.3 mln-Autodata</p> <p>* GM, Ford, Toyota top Wall Street forecasts</p> <p>* Chrysler, Honda, Nissan fall short of analysts' estimates</p> <p>* Overall sales in line with Street view</p> <p>By Deepa Seetharaman and Ben Klayman</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130201/update-2-gm-ford-post-stronger-expected-us-auto-sales-january" target="_blank">read more</a></p> Auburn Hills, Michigan Automotive industry Business Dearborn, Michigan Entertainment Labor Late-2000s financial crisis Transport Thomson Reuters Fri, 01 Feb 2013 17:01:00 +0000 5743277 at http://www.globalpost.com Probe widened into stock price manipulation at Porsche http://www.globalpost.com/dispatch/news/afp/130212/probe-widened-stock-price-manipulation-at-porsche <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>German prosecutors said on Tuesday they have extended their probe into suspected stock price manipulation at sports car maker Porsche.</p> <p>The investigation had now been widened to include "everyone who sat on the supervisory board of Porsche's holding company between March and October 2008, as well as a former employee," a spokesman for prosecutors said.</p> <p>That means that Ferdinand Piech, supervisory board chief of Europe's biggest carmaker Volkswagen, Porsche supervisory board boss Wolfgang Porsche and works council head Uwe Hueck are now implicated in the probe.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130212/probe-widened-stock-price-manipulation-at-porsche" target="_blank">read more</a></p> Automotive industry Business Economy of Germany Labor Law Porsche Transport AFP Tue, 12 Feb 2013 15:00:26 +0000 5753600 at http://www.globalpost.com UPDATE 5-U.S. Feb auto sales up as consumers show 'nerves of steel' http://www.globalpost.com/dispatch/news/thomson-reuters/130301/update-2-us-feb-auto-sales-set-beat-estimates-trucks-shine <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Annual auto sales pace in Feb hit 15.38 mln -Autodata</p> <p>* Angst over possible US budget cuts kept mostly in check</p> <p>* GM's February U.S. sales beat estimates; Ford lags</p> <p>* Chrysler US Feb sales up 4 pct, Toyota up 4.3 pct</p> <p>By Deepa Seetharaman and Ben Klayman</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130301/update-2-us-feb-auto-sales-set-beat-estimates-trucks-shine" target="_blank">read more</a></p> Auburn Hills, Michigan Automotive industry Business Dearborn, Michigan Late-2000s financial crisis Transport Thomson Reuters Fri, 01 Mar 2013 17:30:07 +0000 5771103 at http://www.globalpost.com US auto sales post modest gains in February http://www.globalpost.com/dispatch/news/afp/130301/us-auto-sales-post-modest-gains-february <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Automakers reported modest gains in February US sales on Friday despite rising fuel prices and uncertainty over the impact of looming government budget cuts on a fragile economy.</p> <p>The gains were nonetheless weaker than the double-digit growth reported in recent months as the auto industry recovers from the 2008 crash and credit crunch which led to a deep and painful recession.</p> <p>But automakers seemed pleased with the results.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/us-auto-sales-post-modest-gains-february" target="_blank">read more</a></p> Automotive industry Toyota Transport AFP Fri, 01 Mar 2013 20:16:45 +0000 5771286 at http://www.globalpost.com US auto sales post modest gains in February http://www.globalpost.com/dispatch/news/afp/130301/us-auto-sales-post-modest-gains-february-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US auto sales grew four percent in February amid rising fuel prices, snowbound dealerships and uncertainty over the impact of looming government budget cuts on a fragile economy, data showed Friday.</p> <p>The modest gains were weaker than the double-digit growth reported in recent months as the auto industry recovers from the 2008 crash and credit crunch that triggered a deep and painful recession.</p> <p>But they were nonetheless a significant improvement. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130301/us-auto-sales-post-modest-gains-february-0" target="_blank">read more</a></p> Automotive industry Transport Volkswagen AFP Sat, 02 Mar 2013 01:00:03 +0000 5771493 at http://www.globalpost.com Toyota makes first profit in Europe since 2007 http://www.globalpost.com/dispatch/news/afp/130304/toyota-makes-first-profit-europe-2007 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Japanese auto giant Toyota's European business is set to turn a profit in the 2012-2013 financial year after a five-year hiatus, a senior official said on Monday at the Geneva International Motor Show.</p> <p>"It will be the first time since 2007 that Toyota will be profitable in Europe," Didier Leroy, head of the group's European operations, told reporters.</p> <p>Over the first nine months of Toyota's financial year -- which runs from April to the end of March -- the group said it had earned 209 million euros ($272 million).</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130304/toyota-makes-first-profit-europe-2007" target="_blank">read more</a></p> Automotive industry Entertainment Europe Toyota Toyota AFP Mon, 04 Mar 2013 19:30:46 +0000 5773159 at http://www.globalpost.com World car sales should grow 3% this year http://www.globalpost.com/dispatch/news/afp/130306/world-car-sales-should-grow-3-year <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Global sales of cars, buses, utility vehicles and trucks are expected to grow three percent this year, down from five percent in 2012, according to a forecast published Wednesday.</p> <p>The growth forecast, presented by the International Organisation of Motor Vehicle Manufacturers (OICA) at the Geneva Motor Show, is based on figures provided by the national car federations in three quarters of OICA member countries.</p> <p>The world's leading car market China was meanwhile expected to see sales swell seven percent to 20.6 million vehicles.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130306/world-car-sales-should-grow-3-year" target="_blank">read more</a></p> Automotive industry Entertainment Motor vehicle Transport AFP Wed, 06 Mar 2013 13:15:52 +0000 5774950 at http://www.globalpost.com China auto sales rise in Jan-Feb: industry group http://www.globalpost.com/dispatch/news/afp/130311/china-auto-sales-rise-jan-feb-industry-group <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Auto sales in China, the world's top car market, rose in the first two months of the year, an industry group said Monday, indicating strong demand as the country's economy gradually recovers.</p> <p>A total of 3.39 million vehicles were sold in the country over January and February, rising 14.7 percent from the same period last year, the China Association of Automobile Manufacturers (CAAM) said in a statement.</p> <p>"The auto industry had a good start this year and the overall market demand for cars has remained strong," said the statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130311/china-auto-sales-rise-jan-feb-industry-group" target="_blank">read more</a></p> Automotive industry Business Transport AFP Mon, 11 Mar 2013 10:15:31 +0000 5779486 at http://www.globalpost.com Volkswagen CEO says "open" to further acquisitions http://www.globalpost.com/dispatch/news/thomson-reuters/130314/volkswagen-ceo-says-open-further-acquisitions <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Andreas Cremer and Jan Schwartz</p> <p>WOLFSBURG, Germany (Reuters) - Volkswagen &lt;VOWG_p.DE&gt; remains "open" to making further acquisitions, though the German group has its work cut out integrating its twelve brands, Chief Executive Martin Winterkorn said.</p> <p>"We are currently well positioned with twelve brands, but there are always opportunities that one cannot pass up," the CEO told Reuters Television in an interview on Thursday at the car maker's base in Wolfsburg.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130314/volkswagen-ceo-says-open-further-acquisitions" target="_blank">read more</a></p> Automotive industry Martin Winterkorn Transport Thomson Reuters Thu, 14 Mar 2013 13:15:30 +0000 5783327 at http://www.globalpost.com Fuel efficiency law to get EU on road to growth - study http://www.globalpost.com/dispatch/news/thomson-reuters/130317/fuel-efficiency-law-get-eu-road-growth-study <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Barbara Lewis</p> <p>BRUSSELS (Reuters) - Proposed European legislation on auto fuel efficiency, to be debated this week, could create around 400,000 jobs and save the bloc tens of billions of euros in annual fuel costs, according to a new study.</p> <p>The fuel efficiency proposals, set for an initial vote in the European Parliament on Tuesday, have split the industry. Germany, home to luxury carmakers, has pressed for supercredits, which the European Commission says would dilute its plans.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130317/fuel-efficiency-law-get-eu-road-growth-study" target="_blank">read more</a></p> Automotive industry Business Ethanol fuel Green vehicles Technology Thomson Reuters Mon, 18 Mar 2013 00:30:21 +0000 5786346 at http://www.globalpost.com Porsche SE dampens hopes for special dividend payout http://www.globalpost.com/dispatch/news/thomson-reuters/130319/porsche-se-eyes-investments-over-special-dividend <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Christiaan Hetzner</p> <p>MUNICH (Reuters) - German holding company Porsche SE &lt;PSHG_p.DE&gt; plans to use its 2.6 billion euros (2.25 billion pounds) in cash to invest in mid-sized companies, it said on Tuesday, killing off investor hopes of a special dividend.</p> <p>"We are first and foremost going to focus on the major global trends in the automotive industry such as sustainability, conservation of resources and the increasingly networked automotive world," Chief Executive Martin Winterkorn said in a statement on Tuesday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130319/porsche-se-eyes-investments-over-special-dividend" target="_blank">read more</a></p> Automotive industry Business Dividends Economy of Germany Porsche SE Transport Thomson Reuters Tue, 19 Mar 2013 13:45:37 +0000 5787742 at http://www.globalpost.com Ford rejects claims in acceleration lawsuit http://www.globalpost.com/dispatch/news/afp/130330/ford-rejects-claims-acceleration-lawsuit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US automaker Ford, which faces a lawsuit over claims its vehicles accelerate without warning, dismissed the accusations on Saturday as unscientific.</p> <p>Ford said it had addressed the issue with US regulators, whose work is "far more scientific and trustworthy than work done by personal injury lawyers and their paid experts," according to an email from a company spokesman to AFP.</p> <p>On Friday, vehicle owners in 14 states filed a class-action lawsuit on behalf of "potentially millions of purchasers and lessees of Ford vehicles manufactured between 2002 and 2010."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130330/ford-rejects-claims-acceleration-lawsuit" target="_blank">read more</a></p> Automotive industry Business Ford Safety Transport AFP Sat, 30 Mar 2013 16:15:52 +0000 5797612 at http://www.globalpost.com GM, Ford, Chrysler post best US sales since 2007 http://www.globalpost.com/dispatch/news/afp/130402/gm-ford-chrysler-post-best-us-sales-2007 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>General Motors, Ford and Chrysler reported their best US sales performances since 2007 Tuesday as analysts predicted the auto industry as a whole would also rack up its biggest month in five years.</p> <p>GM said it posted its best March performance since 2007 "thanks to a strengthening economy and new products" as sales rose six percent to 245,950 vehicles. </p> <p>It forecast that total industry sales would come in at a seasonally adjusted annual rate of 15.2 million vehicles once all automakers have reported, which would be the fifth consecutive month with a sales pace over 15 million.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130402/gm-ford-chrysler-post-best-us-sales-2007" target="_blank">read more</a></p> Automotive industry Technology Toyota Transport AFP Tue, 02 Apr 2013 15:17:55 +0000 5799472 at http://www.globalpost.com Calif. DA says Toyota to pay $16M settlement http://www.globalpost.com/dispatch/news/asianet/130409/calif-da-says-toyota-pay-16m-settlement <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> A $16 million settlement over the safety recall of Toyota vehicles that were at risk for unintended acceleration and braking issues was announced Friday by Orange County prosecutors and Toyota Motor Corp.</p><P>The suit was one of a flood of cases brought against the automaker after more than 14 million vehicles were recalled in 2009 and 2010 __ many of them still waiting to be heard or settled.</p><P>In the suit, Orange County District Attorney Tony Rackauckas claimed deceptive business practices, alleging Toyota had concealed safety issues related to its floor mats and "sticky" gas pedal</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130409/calif-da-says-toyota-pay-16m-settlement" target="_blank">read more</a></p> Automotive industry Law Safety Toyota Motor Corp Transport Asianet Tue, 09 Apr 2013 16:33:46 +0000 Asianet 5807724 at http://www.globalpost.com