Friday, Aug 22, 2014Friday, Aug 22, 2014

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(REUTERS) - A United States (US) bankruptcy judge could soon rule on whether the 2009 government-led restructuring of General Motors Co (GM) improperly favoured hedge funds, and an adverse ruling could cost the automaker nearly US$1 billion (S$1.22 billion).
(REUTERS) - Toyota Motor Corp will keep its global output target for 2013 nearly unchanged from this year at 9.9 million vehicles despite a production cut at home, the Nikkei reported.
(REUTERS) - Fiat and Mini, two brands that finished at or near the bottom of JD Power's annual survey of vehicle quality, were among the highest-rated in the firm's recent study of United States (US) car dealers and the retail experience.
(REUTERS) - General Motors Co and its Chinese joint-venture partners said on Wednesday they plan to build a US$1 billion (S$1.23 billion) auto assembly plant in the city of Chongqing as the GM group bids to remain the leader in the world's largest auto market.
WASHINGTON (AFP) - Toyota announced on Wednesday a recall of 11,200 Scion iQ cars in the United States to fix a problem that could cause airbags and seat belts to malfunction.
TOKYO (REUTERS) - Nissan Motor plans to spend about 30 billion yen (S$460 million) on a new plant in Thailand in 2014 to diversify production in the wake of anti-Japanese demonstrations in China last month, the Nikkei business daily said on Wednesday.
SAO PAULO (REUTERS) - German automaker BMW plans to invest 800 million Brazilian reais (S$482 million) to build a new assembly plant in Brazil, sources with direct knowledge of the project told Reuters on Friday.
FRANKFURT (REUTERS) - French car maker Renault is considering the complete closure of factories because of the dire state of the European automobile market, the company's chief operating officer was quoted as saying on Sunday.
(REUTERS) - Fiat SpA filed a lawsuit in a United States (US) court against the healthcare trust that owns part of Chrysler Group LLC, claiming the trust failed to meet its obligation to sell a small stake in the US automaker after the two sides disagreed on price.

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