Industry Summits
U.S. to be more selective with carmakers
WASHINGTON (Reuters) - 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. Full Article
Honda adds U.S. overtime, sees slow sector rebound
DETROIT (Reuters) - 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. Full Article
Compact Power sees sharp battery price declines
DETROIT (Reuters) - 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. Full Article
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GM won't expand Volt brand
DETROIT (Reuters) - 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. Full Article
Chevy to get post-crisis marketing boost
DETROIT (Reuters) - 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. Full Article
GM aims to double Chevy sales in Europe
DETROIT (Reuters) - 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. Full Article
CAW deal saves Ford labor costs
DETROIT (Reuters) - 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. Full Article
Auto market will stabilize in 2010: Moody's
PARIS (Reuters) - 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. Full Article
Ford meeting informally with UAW on costs
DETROIT (Reuters) - 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. Full Article
Auto supplier Bosch sees 11 million 2010 U.S. auto sales
DETROIT (Reuters) - 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. Full Article
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