Johnson Controls Inc said that it expects to post higher sales and improved earnings while boosting global auto parts production in 2010 as U.S. stimulus efforts pay off and emerging markets gain.
General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.
General Motors Co. is on track to sign a contract this week to sell a majority stake in European automaking arm Opel to a Canadian-Russian consortium, Opel union boss Klaus Franz said.
Dollar Thrifty Automotive Group Inc. said today it would cut back sharply on 2010 car rental purchases from Chrysler Group and had diversified its fleet in an effort to protect itself from future automaker difficulties.
Ford Motor Co., poised for its first full-year U.S. market share gain since 1995, said its share last month in its 19 major European markets was its best since September 2001.
Detroit Mayor Dave Bing is considering the sale of the automotive supply company he founded as a heavy debt load and loss of customers cloud the company's future.
Dealer-assisted financing should be overseen by a new Consumer Financial Products Agency because predatory practices by dealers have cost customers billions of dollars, say consumer, legal rights and minority advocates.
Nissan Motor Co. plans to recall as many as 143,000 cars to replace a nut in the tire-pressure monitoring system that may corrode and crack in areas with heavy concentrations of road salt, the government said today.
Indebted Russian carmaker AvtoVAZ suffered a tenfold increase in net losses during the first six months of the year as sales halved of its Lada model. Russia's largest carmaker lost 19.4 billion rubles ($655.
