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GM Sales in China Jump 21%
6/6/2012General Motors Co. and its joint venture partners sold 231,200 passenger and light commercial vehicles in China last month compared with 190,700 units in May 2011.
Eurozone Output Shrinks
6/6/2012Activity in the eurozone's services and manufacturing sectors contracted from April to May, the fourth consecutive month-over-month decline, according to London-based Markit Economics.
Magna Touts Moldable Touch-Control Surface
6/5/2012Magna International Inc. says its new capacitive sensing system can be formed to create touch controls that mold to almost any interior surface.
EU May Soften Stance on Emissions Rules
6/5/2012The European Commission will consider easing its targets for reductions in tailpipe emissions of carbon dioxide, Die Welt reports.
VW Boosts MAN Stake
6/5/2012Volkswagen AG has increased its voting stake in MAN AG to 75.03% from 73.8%, thus clearing the way for VW to seek full control of the Munich-based truckmaker.
Kia Recalls Rio Cars to Fix Airbag Sensor
6/5/2012Next month Kia Motors America will begin recalling 72,600 Rio subcompact cars to fix a sensor flaw that could cause the passenger-side airbag to deploy when it shouldn't.
Romney: As President, I’d Sell GM Stake, Review CAFE Rules
6/5/2012Mitt Romney, the presumptive Republican presidential nominee, declares that if elected, he would quickly sell the U.S. government's 26.5% stake in General Motors Co. even if it meant taking a steep loss, The Detroit News reports.
Kia Recalls Rio to Fix Airbag Sensor
6/5/2012Kia Motors Corp. will recall 72,600 Rio subcompact cars from the 2006-2008 model years to fix a sensor flaw that could cause the passenger-side airbag to deploy when it shouldn't.
Chongqing to Subsidize Car Purchases in Rural Areas
6/5/2012The municipal government of Chongqing, home to about 30 million people in southwest China, has begun offering incentives to vehicle buyers in rural areas, according to news reports.
EC Rejects Role in Shrinking Excess Auto Capacity
6/5/2012The European Commission won't take on the politically sensitive task of guiding the auto industry's effort to reduce overcapacity in the region, the Financial Times reports.