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Thursday, November 10, 2011

ANE DAILY: More Opel factory closures feared in Europe; China's Youngman still wants to buy Saab; VW's Seat prepares to launch EV and plug-in hybrid

DAILY NEWSLETTER November 10, 2011
 
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Opel union boss angry as GM eyes more cuts in Europe
image Opel's top union leader Klaus Franz reacted angrily after parent General Motors said it may consider further job cuts and plant closures in Europe to stem losses. ... arrow story  Published: November 10, 2011 10:57 European Central time
TODAY'S HEADLINES
arrowOpel union boss angry as GM eyes more cuts in Europe
arrowChina's Youngman still wants to buy Saab, report says
arrowVW's Seat prepares to launch electric car and plug-in hybrid
arrowRussian car sales growth forecast to slow in 2012
arrowHonda shows three visions for electrified future
arrowRenault says Nissan will make electric batteries in France
arrowBMW maintains lead over Audi, Mercedes in October sales
arrowGerman luxury brands report strong China sales in October
arrowDaimler loses bid for U.S. review of Argentine rights case ruling
arrowGM's climb back to global No. 1 reflects industry shift


China's Youngman still wants to buy Saab, report says
China's Zhejiang Youngman Lotus Automobile still wants to invest in Saab despite General Motors saying it will stop supplying Saab with components and technology if Youngman and Pang Da Automobile succeed with their acquisition bid for the Swedish automaker. ... arrow story  Published: November 9, 2011 19:16 European Central time

VW's Seat prepares to launch electric car and plug-in hybrid
imageVolkswagen's Spanish unit Seat said it is working on its first electric car, based on the Altea, and a plug-in hybrid version of its Leon hatchback. ... arrow story  Published: November 10, 2011 09:53 European Central time

Russian car sales growth forecast to slow in 2012
image Russian car sales are expected to grow 12 percent next year, down from around 30 percent in 2011 but maintaining a recovery that should bring the market to the cusp of pre-crisis levels. Russians are forecast to buy 2.8 million cars in 2012, compared with 2.9 million in 2008. ... arrow story  Published: November 10, 2011 06:01 European Central time

2011 TOKYO MOTOR SHOW
Honda shows three visions for electrified future
imageHonda will debut three concept cars at the upcoming Tokyo Motor Show that foreshadow the Japanese automaker's vision for a battery-powered future: a plug-in hybrid touring sedan, an electric small city car and a sporty, open-cockpit electric vehicle. ... arrow story  Published: November 10, 2011 12:49 European Central time
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1. GM abandons Europe breakeven goal after Q3 profit drops
 story 
2. EU raids SKF, Schaeffler in antitrust probe
 story 
3. Saab keeps court protection for now
 story 
4. Swedish Automobile scrambles to save Saab deal after GM rejects Chinese buyout
 story 
5. Toyota recalls 550,000 vehicles on potential steering flaw
 story 
6. European automakers better insulated against new recession, agency says
 story 
7. VW keeping truck alliance options open after taking majority control of MAN
 story 
8. Mitsubishi readies global small car, plug-in hybrid crossover
 story 
9. BMW's October sales lifted by 5 series, X3 demand
 story 
10. Toyota second-quarter operating profit falls 32%
 story 

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