* GM to shut Chevy in Europe in response to downturn
* GM to focus resources on expanding Opel/Vauxhall brands
* To result in net special charges of $700 million-$1
* Attempted Chevy revamp put it in competition with Opel
* Chevy wind-down in Europe to hurt auto production in Korea
By Edward Taylor and Ben Klayman...More
True to its history of rise, fall and rise again, Brazil’s auto industry has no intention of fading away, despite a stagnant economy that remains unaffected by the postponement of the government’s IPI tax increase on vehicles....More
Mitsubishi joins Daimler, Fiat, Ford, General Motors, Honda, Nissan and Toyota among the automakers slashing the prices or offering aggressively priced lease deals on their EVs, whose penetration in the U.S. market has been negligible....More
New-car loans averaged $26,719 in the third quarter, up $756 from year-ago, analytics firm Experian says, but lower interest rates and longer repayment terms raised the average monthly payment just $6, to $458....More
“It’s becoming a bigger go-to-market strategy in automotive, more consistent with other industries,” GM sales-operation head Kurt McNeil says of Black Friday sales promotions. “We think we did a nice job of going to market with a clear message.”...More
VWA won't change course to goose sales as the year winds down, CEO Jonathan Browning says, adding the automaker is confident the VW brand's 2013 volume will top 400,000 for the second year in a row....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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