By Richard Jones
Motor Industry
06 December 2010 09:55
Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour
Monday 6 December 2010
• Talks between Fiat, Chrysler and unions to relaunch the group's main factory in Italy as a joint venture with Chrysler have stalled. Unions suspended talks over the companies' plan to invest more than €1 billion in the Mirafiori plant to enable it to build top-line Alfa and Jeep products (Automotive News Europe)
• Honda says it will stop building the Element after seven straight years of dipping sales (Detroit News)
• The FT reports of further clandestine meetings between Volkswagen and Fiat, as VW eyes the upmarket Alfa Romeo brand (Financial Times)
Friday 3 December 2010
• Group Lotus have announced that Karl-Heinz Kalbfell, formerly of BMW, Alfa Romeo, Rolls-Royce and Maserati, will be joining the senior management team. In addition Lotus has appointed former Ferrari man Guillaume Chabin as Director of Sales (Automotive News Europe)
• Toyota Motor Corporation's profit per vehicle in China for its luxury Lexus brand has eclipsed that of the US, where it has been forced to increase incentives following record recalls earlier this year (Bloomberg)
• Nissan will start selling its Leaf electric vehicle in Japan from December 20, hoping to become a leader in the electric car market (Wall Street Journal)
Thursday 2 December 2010
• Sales of Tata Motors' Nano, the world's cheapest car, plunged by 85% in November compared with a year earlier, the Indian car maker has said (BBC News)
• Economic woes and the end of scrappage schemes threatened a bleak start to 2011 for Europe's car markets (Automotive News Europe)
• One of Daimlers AG's stars, Jerome Guillen, has moved to US electric sports car manufacturer Tesla Motors. Guillen was director of Daimler's business innovations project (Automotive News Europe)
Wednesday 1 December 2010
• After 10 successful years at Mini Design, Gert Hildebrand is handing over the running of the design studio to Anders Warming at the end of 2010 (Mini)
• General Motors and Chrysler, the US car makers saved from collapse by government bail-outs, have announced plans to hire about 1000 staff (BBC News)
• General Motors' Daewoo Auto and Technology Co unit agrees to repay a billion revolving credit facility led by Korea Development Bank this month, reducing the company's borrowing costs (Automotive New Europe).
• Porsche SE investors have approved plans for a €5 billion stock sale to reduce the sports-car maker's debt as it prepares to combine with Volkswagen AG (Automotive News Europe)
• Most Indian car makers continue to post strong sales in November, fuelled by strong domestic demand, despite drops in exports (WSJ)
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