LATEST FROM AUTONEWS.COM

• Nanjing UK gets new head for production start
  Fri, 9 May 2008 08:23:00 EST
  
  
  He Xiao Qing is the new chairman of Nanjing Automobile Corp.'s UK business.

read more

---

• Nissan to outsource sales setup in India
  Fri, 9 May 2008 01:10:00 EST
  
  
  Japan's Nissan Motor said today it had appointed Hover Automotive India Private to develop its sales network in India, with the aim of establishing 55 dealers by 2012 to sell more than 100,000 vehicles that year.

read more

---

• Continental sees 'good chance' for Volt win
  Fri, 9 May 2008 00:01:00 EST
  
  
  Continental, in the hunt to supply advanced battery packs for the upcoming all-electric Chevrolet Volt, sees a "good chance" of winning that high-profile contract from General Motors, the company's CEO said on Thursday.

read more

---

• Hundreds of BMW staff take buyouts
  Thu, 8 May 2008 07:21:00 EST
  
  
  BMW, the world's largest premium carmaker, said several hundred permanent staff had agreed to redundancy packages as it seeks to cut thousands of jobs to improve profitability.

read more

---

• Lexus tops J.D. Power ranking in UK
  Thu, 8 May 2008 09:55:00 EST
  
  
  Lexus is the UK's leader in customer satisfaction, according to consultancy J.D. Power.

read more

---

• Daimler will open office in Iraq this year
  Thu, 8 May 2008 06:09:00 EST
  
  
  Daimler will open an office in Baghdad by the end of the year. Ursula Mertzig-Stein, a Daimler spokeswoman, said the company sees strong potential in the country for its truck division.

read more

---

• Fiat sets up central sourcing center in India
  Thu, 8 May 2008 03:35:00 EST
  
  
  Fiat is setting up a group purchasing office in India, the Italian carmaker said today, as part of its strategy to cut costs by buying more components from low-cost centers such as India and China.

read more

---

• Daimler CFO: No hostile takeover
  Thu, 8 May 2008 02:49:00 EST
  
  
  Daimler does not need a white knight to protect itself from any hostile takeovers, CFO Bodo Uebber said in a prerelease of his interview with Die Welt newspaper. "Daimler does not need a shareholder who will protect us," he said.

read more

---

• Toyota to post record operating profit today
  Thu, 8 May 2008 02:38:00 EST
  
  
  Japan's Toyota Motor, which is set to replace General Motors as the world's number one automaker this year, is expected to report today a record operating profit for the fiscal year ended March 31, lifted by brisk sales to emerging markets.

read more

---

• John Elkann to be named president of Ifil
  Wed, 7 May 2008 09:01:00 EST
  
  
  John Elkann, the grandson of legendary Fiat boss Giovanni Agnelli, will become president next Tuesday of Ifil Investments, the Agnelli family's holding company, current Ifil president Gianluigi Gabetti told the Corriere della Sera and La...

read more

---