Autos

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U.S. to be more selective with carmakers

WASHINGTON - Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry.

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Honda adds U.S. overtime, sees slow sector rebound

DETROIT - Honda Motor Co Ltd has added U.S. overtime production to meet demand for its cars and crossovers but the automaker is braced for little sales growth in the U.S. auto industry next year, its top U.S. sales executive said this week.

Compact Power sees sharp battery price declines

DETROIT - Costs for batteries to power a coming wave of electric cars could plunge to a quarter of current levels over the next decade and the United States could face a near-term supply glut, the chief of LG Chem Ltd's U.S. unit said.

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GM won't expand Volt brand

DETROIT - As General Motors Co expands its offering of rechargeable vehicles beyond the Volt it will not look to brand them in a way that identifies them with the highly anticipated plug-in launching next year, a senior executive said on Thursday.

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Chevy to get post-crisis marketing boost

DETROIT - The board of General Motors Co has approved plans to boost ad spending on vehicles from its flagship Chevrolet brand that saw their recent launches overshadowed by the automaker's bankruptcy, Chevrolet's top executive said on Thursday.

GM aims to double Chevy sales in Europe

DETROIT - General Motors Co aims to more than double sales for its flagship Chevrolet brand in Europe as part of a business plan that was presented to the company's board this week, the brand's chief said on Thursday.

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CAW deal saves Ford labor costs

DETROIT - The deal reached between the Canadian Auto Workers and Ford Motor Co last week cut around C$4 to C$5 an hour from the labor costs of Ford's Canadian workers, Ken Lewenza, president of the union, said on Wednesday.

Auto market will stabilize in 2010: Moody's

PARIS - The worst of the automotive industry crisis is over, and world sales are set to stabilize next year, a Moody's analyst told the Reuters Auto Summit on Wednesday.

Ford meeting informally with UAW on costs

DETROIT - Ford Motor Co will continue meeting informally with United Auto Workers leaders to discuss labor issues following the rejection of concessions by U.S. rank-and-file workers, a top executive said on Wednesday.

Auto supplier Bosch sees 11 million 2010 U.S. auto sales

DETROIT - The head of the American unit of German autos parts supplier Robert Bosch said he expects U.S. light vehicle sales to improve to 11 million units in 2010, indicative of a steady but slow recovery from a bottom reached earlier this year.

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Auto supplier consolidation seen in 2010

DETROIT - The auto supplier industry will see a wave of consolidations next year as federal bailouts for automakers and a recent uptick in sales provided only a temporary reprieve and simply postponed the inevitable, several executives told Reuters this week.

Speakers

Summit Date Category
Russia Investment 2014 Sep 22 - 24 Financial Services/Exchanges
Eastern Europe Investment 2014 Sep 29 - Oct 1 Financial Services / Exchanges
Global Climate Change 2014 Oct 13 - 16 Energy
Middle East Investment 2014 Oct 20 - 23 Financial Services/Exchanges
China 2014 Oct 27 - 29 Financial Services / Exchanges
Global Commodities and Resources 2014 Nov 3 - 5 Financial Services/Exchanges
Global Investment Outlook 2014 Nov 17 - 20 Financial Services/Exchanges

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