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GM says ad agency work tied to CFO's wife

DETROIT - General Motors Co failed to disclose in its 2011 proxy filing that it paid $600,000 for work done by an advertising agency where the wife of GM's chief financial officer works, the automaker said in a regulatory filing on Friday.

UPDATE 3-GM says ad agency work tied to CFO's wife

DETROIT, May 25 - General Motors Co failed to disclose in its 2011 proxy filing that it paid $600,000 for work done by an advertising agency where the wife of GM's chief financial officer works, the automaker said in a regulatory filing on Friday.

Toyota plans eight compacts for emerging markets

TOKYO - Toyota Motor Corp said on Friday it would roll out eight compact car models tailored for emerging markets by 2015 in an attempt to catch up to front-runners such as Volkswagen AG and General Motors Co .

25 May 2012

REFILE-UPDATE 1-Toyota plans 8 compacts for emerging markets

* Aims to sell half of its vehicles in emerging mkts by 2015

Toyota plans 8 compacts for emerging markets

TOKYO, May 25 - Toyota Motor Corp said on Friday it plans to roll out eight models of compact cars for emerging markets, starting with the Etios that was launched in India in December 2010.

Delphi offers $972 million for FCI's motorized vehicles segment

- Auto-parts maker Delphi Automotive Plc made a binding offer to buy FCI Group's motorized vehicles division (MVL) for about $972 million to boost its presence in the automotive safety equipment market and expand its footprint in Asia.

Delphi offers to buy FCI Group's motorized vehicles division

- Auto-parts maker Delphi Automotive Plc offered to buy FCI Group's motorized vehicles division for about $972 million to boost its presence in the automotive safety equipment market and expand its footprint in Asia.

Volkswagen labor to outline UAW stance to U.S. plant workers

WOLFSBURG, Germany - A top German union official will explain to hourly employees at Volkswagen's U.S. plant in early June that his group will not pressure them to join the United Auto Workers union, the automaker's top labor representative said on Thursday.

24 May 2012

Fiat likely to buy small Chrysler stake from VEBA

BELVIDERE, Illinois - There is a "better than 50 percent chance" that Italian automaker Fiat SpA will increase its stake in Chrysler Group LLC in July, Chief Executive Sergio Marchionne said on Thursday.

Fiat may build Mazda cars at Fiat, Chrysler plants

BELVIDERE, Illinois - Italian automaker Fiat SpA is open to expanding its newly announced partnership with Mazda Motor Corp and building the Japanese automaker's vehicles at Fiat and Chrysler Group LLC factories worldwide.

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U.S. data, Europe woes to set tone

NEW YORK - Investors will grapple next week with major U.S. economic reports and the looming possibility of a Greek exit from the euro zone, which is likely to keep dragging on equities for weeks to come.

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