INDIA: Raw materials, emission control costs, could hit automakers
A rise in raw material prices, coupled with costs associated with new emission regulations, could force Indian automakers to increase prices further, which may hit volumes according to a local media report.
March 11th, 2010
Panel: Some aid to GMAC will never be repaid
The congressional panel overseeing federal bailout money estimates at least $6.3 billion of the $17.2 billion in taxpayer aid to GMAC may never be repaid and criticized the Treasury Department for not demanding the sweeping changes it imposed on as conditions for their government-backed restructurings of General Motors and Chrysler.
March 11th, 2010
GERMANY: BMW '09 net profit down 36% but improvement seen
As expected, BMW posted a hefty 2009 decline in net earnings today, but there were signs of significant improvement to the trend in the fourth quarter and the company is being cautiously optimistic on the 2010 outlook.
March 11th, 2010
RESEARCH ANALYSIS: China's recession-defying automotive market
With the world's economies in turmoil, China's star continues to rise. Indeed, China has remained the only one of the world's major economies that continued to show growth through the global recession of 2008-09. In this extract from a just-auto research report looking at the Chinese auto industry and its prospects, Mark Bursa considers the causes of continued - and seemingly inexorable - market growth.
March 11th, 2010
US: Soave quits VW to head up Fiat launch
Laura Soave will lead the reintroduction of Fiat in North America, reporting to Chrysler Group CEO Sergio Marchionne.
March 11th, 2010
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