*Australia, S.Korea just signed free trade agreement. SEOUL/ SYDNEY, Dec 6- General Motors Co may consider shipping more South Korean-made cars to Australia, a source said on Friday, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.» Read More
Hyundai unveiled a new version of its high-end Genesis sedan in South Korea on Tuesday, which will hit the U.S. market in the first half of next year, followed by the Sonata, Hyundai's second best-selling car in the United States.
Nov 25- Chrysler Group LLC, the No. 3 U.S. automaker, has abandoned plans for an initial public offering this year so it can sort out a U.S. tax issue, according to two sources familiar with the process. Chrysler, which is majority owned by Italian automaker Fiat SpA, was previously looking to kick off its IPO road show in early December.
DETROIT, Nov 25- General Motors Co investors are focused on the possibility of stock buybacks or a dividend on common shares now that the U.S government has outlined its plans to sell the rest of its stake in the No. 1 U.S. automaker by year end, analysts said.
The board of directors says an IPO will not be practicable this year.
LONDON, Nov 25- European shares headed towards a five-year high and Germany's DAX set a new record on Monday, with airline stocks and French car makers getting buoyed by the nuclear deal between Iran and world powers.
MILAN, Nov 25- The planned stock market listing of Fiat's U.S. unit Chrysler will not take place this year, the Italian carmaker said on Monday, prolonging the uncertainty over its chances of buying out the rest of the company.
LONDON, Nov 25- European shares headed towards a five-year high and Germany's DAX set a new record on Monday, with airline stocks and French car makers getting a big boost from the nuclear deal between Iran and world powers.
BMW announced that anyone who buys an electric car qualify for a 10 percent discount and will get a deal to assist home solar panel installations.
Fiat said on Monday its U.S. unit Chrysler would not launch an initial public offering before the end of the year.
LONDON, Nov 25- European shares headed towards a five-year high and Germany's DAX set a new record on Monday, with airline stocks and French car makers getting a big boost from a breakthrough nuclear deal between Iran and world powers.
Chrysler Group expects to set a price range for its IPO at $1.5 billion to $2 billion, the Wall Street Journal reported.
Nov 25- Chrysler Group LLC expects to set a price range for its initial public offering as early as this week to raise $1.5 billion to $2 billion, the Wall Street Journal reported, citing people familiar with the matter.
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LONDON, Nov 22- Volkswagen will keep up spending on new and upgraded cars in its drive to become the world's biggest automaker by 2018, while making savings in other areas to cope with rising costs and a tough economic backdrop.
The "Art of the Automobile" auction held by Sotheby's and RM Auctions surpassed its estimate of $50 million Thursday, when it sold off 31 gleaming vintage cars.
BERLIN, Nov 22- Volkswagen, Europe's biggest carmaker, will keep spending on upgrading and expanding its range of models in the years ahead, despite lowering planned investment in other areas to offset rising costs.
GUANGZHOU/ BEIJING, Nov 22- German auto giants Volkswagen AG, BMW and Daimler see China's future as being electric- encouraged by generous government subsidies- but that bet puts them at odds with some of their Asian rivals. One of the most ambitious in betting on electric cars in China, the world's largest auto market, is Volkswagen.
As Chinese demand for cars increased, Toyota, Honda and Nissan missed the party, crashing its combined shares of the China market. The FT reports.
DETROIT, Nov 21- George Blankenship, the lead architect of Tesla Motors Inc's sales strategy and distribution network for more than three years, left the electric car maker last month, according to his LinkedIn page.
WASHINGTON, Nov 21- Three executives of Japan's Takata Corp will plead guilty to conspiring to fix the price of seatbelts sold to automakers in the United States and will go to jail for 14 to 19 months, the Justice Department said on Thursday. Takata settled with the Justice Department in October, agreeing to pay $71.3 million to settle antitrust charges.
And Ford is targeting the global market: The newest Mustang was unveiled in six cities around the world on Thursday.
Auto loan interest rates hit their lowest level in at least six years, and Americans took out a record number of loans.
Because of a surge in business from Black Friday, the auto industry posted its best monthly sales since February 2007.