NEWS

Spain’s Jobless Rate Climbs Again

10/2/2013

Spain's roll of unemployed workers grew by 25,600 people in September, thus ending six months of slow improvement, according to the country's Labor Ministry.

GM Financial Buys Ally’s Brazilian Unit

10/2/2013

Ally Financial Inc. has completed the sale of its Brazilian auto finance and financial services operations to General Motors Financial Co. for about $611 million.

NHTSA Suspends Safety Activities

10/2/2013

The National Highway Traffic Safety Administration is halting virtually all safety-related activities, including recalls, because of the U.S. federal government shutdown.

Car Sales Revive in Japan

10/2/2013

Auto sales in Japan during July-September advanced 2% to 1.36 million compared with the same period in 2012, reversing three quarters of year-on-year shrinkage, according to industry trade groups.

Hyundai to Idled Federal Workers: No Job? No Car Payment!

10/2/2013

Hyundai Motor Co. says it won't require car payments from owners who have been forced into unpaid leaves because of Tuesday's U.S. government shutdown.

Chinese Lemon Law Puts Squeeze on Car Makers

10/2/2013

A stiffer vehicle warranty law in China may lead to consolidation for some of the nation's smaller carmakers, Reuters says.

Kia Confirms EV for U.S. Market

10/2/2013

Kia Motors Corp. confirms earlier media reports that it will sell an electric version of the Soul small crossover in the U.S. in 2014.

Chinese Car Makers Face Tougher Warranty Law

10/2/2013

A stiffer vehicle warranty law in China may lead to consolidation for some of the nation's smaller carmakers, Reuters says.

Jaguar Land Rover Shops for Partner on Hybrids

10/2/2013

Tata Motors Ltd.'s Jaguar Land Rover unit tells Automotive News Europe it is conducting talks with several undisclosed candidates to help the company add hybrid powertrain technology.

Toyota Retains Most-Value Brand Status

10/2/2013

Toyota has retained its position as the world's most valuable automotive brand in the 14-year-old ranking by Interbrand, a unit of Omnicom Group.