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Rising borrowing costs, disappointing economic growth and fading consumer confidence have been dampening demand in Brazil, the world's fourth-largest auto market.
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*GM, Ford, Toyota, Chrysler December U.S. sales all miss. *Toyota sales down 1.7 percent. General Motors Co said that the U.S. auto industry will have December U.S. auto sales at a 15.6 million-vehicle annualized selling rate, well below the 16 million vehicles expected by 27 economists surveyed by Thomson Reuters.
European equities closed lower on Tuesday, after data released from the euro zone gave a mixed picture of the region's recovery.
U.S. stock index futures pointed to a slightly lower open on the first trading day of 2014 amid fears of slower growth in China which weighed on Asian stocks.
Happy Thursday. Starting off the year right, with the first morning six-pack of 2014.
Italian carmaker Fiat struck a $4.35 billion deal to gain full control of Chrysler.
MILAN/ DETROIT, Jan 1- Italian carmaker Fiat SpA struck a $4.35 billion deal to gain full control of Chrysler Group LLC, ending more than a year of tense talks that have obstructed Chief Executive Sergio Marchionne's efforts to combine the two automakers' resources. But it remains to be seen whether a merger will be enough to cut Fiat's losses in Europe.
MILAN/ DETROIT, Jan 1- Italian carmaker Fiat SpA said on Wednesday it has signed an agreement to buy the stake in U.S. automaker Chrysler Group LLC it does not already own, ending months of tense negotiations and allowing Chief Executive Sergio Marchionne to pursue his goal of creating the world's seventh-largest auto group.
DETROIT, Dec 30- December U.S. auto sales, spurred by end-of-the-year bargains, likely rose about 4 percent from a year earlier, industry analysts said.
Car makers in Brazil are worried that higher taxes and new obligatory safety standards will increase the value of cars and reduce sales in the world's fourth largest auto market. Auto sales in Brazil are on track to shrink this year for the first time in a decade, as credit gets tighter and the government gradually winds down its stimulus.
Renault, Toyota and Volkswagen led a 0.9 percent November gain in European car sales, according to industry data published on Tuesday.
DETROIT, Dec 16- Every Wednesday, Ford Motor Co's top executives gather before sunrise to work through some of the company's most vexing problems. Mulally, 68, is a top contender to lead Microsoft Corp, according to sources familiar with the software company.
SAO PAULO, Dec 5- Production and sales of motor vehicles in Brazil fell in November as weaker demand and high inventories kept pressure on the local auto industry. Stagnant demand for cars despite heavy tax incentives from President Dilma Rousseff underscored expectations that sales in Brazil will contract this year for the first time in a decade.
SAO PAULO, Dec 5- Automobile production in Brazil fell 10.7 percent and sales fell 8.3 percent in November from October, the national automakers' association said on Thursday. Automakers in Brazil produced some 289,600 new cars and trucks last month, while sales totaled about 302,900 vehicles, according to data released by industry group Anfavea.
Judge Steven Rhodes' ruling appears firmly rooted in the facts about Detroit's financial failure presented to him at last month's eligibility trial, and that will be more difficult to overcome on appeal than a ruling based solely on the judge's reading of a law.
DETROIT, Dec 3- Aggressive discounting and the continued popularity of big pickup trucks helped propel November vehicle sales well past expectations, with the three Detroit automakers and two of Japan's top three reporting year-to-year increases on Tuesday.
DETROIT, Dec 3- Pickup trucks continued to drive a resurgence in U.S. vehicle sales in November as the Big Three Detroit automakers all exceeded analysts' expectations.
Chrysler, an affiliate of Italy's Fiat SpA, said Tuesday that November sales were 142,275, partly on the strength of its new 2014 Jeep Cherokee. Analysts polled by Thomson Reuters had expected 135,189. Chrysler said it was the best November since 2007, before the auto industry plunged into a deep recession.
DETROIT, Dec 2- Chrysler Group LLC said on Monday it will offer a new small commercial van for the North American market based on parent Fiat's Doblo van. The Ram ProMaster City will be built at a Fiat joint venture plant in Turkey. The plant, called Tofas, is a joint venture of Turkish conglomerate Koc Holding AS and Fiat SpA.