Saturday, April 24, 2010
Automotive News Breaking NewsAutomaker News Feed
U.S. version of Ford's new 3-cylinder engine still and#8216;ways off'Ford Motor Co.'s new EcoBoost 1.0-liter three-cylinder engine will go into global production in about three years. But the timetable for a U.S. version likely will wait for the proper vehicle.Toyota may start production at new China plant in 2011Toyota Motor Corp. may beat a sales target in China and plans to begin production at a new plant as early as 2011, an executive said today.Honda, Volvo plan green car launches in ChinaHonda and Volvo are both planning to launch clean-energy cars in China, joining a growing crowd of domestic players developing such models to take advantage of expected generous government incentives. From leading Chinese auto group SAIC Motor Corp.China plays pivotal role in Volkswagen's e-car planChinese consumer reaction to electric cars made by Volkswagen AG will determine the fate of the German group's plans to lead the industry in battery-powered vehicles, the group's CEO said today.VW to invest more in China, sources sayVolkswagen AG aims to increase its China investment program above the 4.4 billion euros ($5.9 billion) by 2012 initially planned. The increase comes in response to a continuing boom in demand in China, two people familiar with the matter said.BMW, Mercedes see extra legroom backing China growth BMW AG raised a sales forecast for China and Daimler AG's Mercedes-Benz said it's targeting 43 percent growth, as the world's two biggest luxury carmakers roll out sedans developed exclusively for Chinese buyers.Feds wrap up $529 million loan to FiskerThe U.S. Department of Energy has closed on a $529 million loan to Fisker Automotive to develop plug-in hybrids and to refurbish a former General Motors Co. assembly plant in Wilmington, Del. Fisker, a small company based in Irvine, Calif.Rejected GM dealers in Canada score a legal victoryHanding a legal setback to General Motors Co.'s Canadian operations, an Ontario judge this week ruled that 19 rejected dealers who are suing the automaker can pursue legal action against it in court and as a group.Johnson Controls raises outlook after profits recoverJohnson Controls Inc. raised its fiscal-year earnings forecast today after posting a better-than-expected quarterly profit amid a recovery in global vehicle production.Ford to recall 33,256 vehicles to fix seat faultFord Motor Co will recall 33,256 of its 2010 model year cars and SUVs to replace potentially faulty front seat recliner mechanisms that could lead to injuries in an accident, according to a notice filed with U.S. safety regulators.