Autos México

Beijing Automotive submits offer for GM's Opel, sources say
Beijing Automotive Industry Holding Corp. (BAIC) has submitted an indicative, non-binding offer for Opel, sources familiar with the situation said on Friday.

Wilbur Ross said to be considering bid for Delphi assets
Billionaire investor Wilbur Ross is among those considering a bid for the assets of bankrupt auto parts supplier Delphi Corp., two people with knowledge of the matter said.

Magna directors poised to approve Opel deal
Magna International Inc.'s board of directors is scheduled to approve on Tuesday a business plan for the acquisition of German carmaker Opel, two sources familiar with the matter said today.

Toyota on track for U.S. output boost
Toyota Motor Corp. is on track to increase production for the U.S. market by about 65,000 vehicles after truck inventories dipped too low and demand showed signs of stabilizing, executives said on Wednesday.

Tony George out as Indianapolis Speedway boss
Tony George will no longer have day-to-day responsibility for running his family businesses, including the Indianapolis Motor Speedway. Current Chief Financial Officer Jeffrey Belskus is the new CEO of the Indianapolis Motor Speedway Corp.

Ford sales rise 24% in Canada to top GM
Ford Motor Co. was the No. 1 selling automaker in Canada in June as it posted a 23.8 percent jump in sales over the same month a year earlier.

Delphi bidder Platinum is denied expense payout
A U.S. bankruptcy judge on Wednesday denied a request from auto supplier Delphi Corp. to pay private equity firm Platinum Equity up to $30 million in expense reimbursements if its bid for the company is topped. At a U.S.

GM's fate now rests in hands of U.S. bankruptcy judge
A federal bankruptcy judge will decide the immediate fate of General Motors' effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing ended.

Suzuki offers free gas as sales plummet
American Suzuki, battling an industry-worst 78 percent decline in June sales, said it will offer three months of free gasoline on its SX4 compact-car line. The offer does not extend to the Grand Vitara SUV or any other Suzuki model.

Proliance files for bankruptcy, to sell U.S. assets
Auto parts supplier Proliance International Inc. filed for bankruptcy protection in a Delaware court today and said it agreed to sell all its U.S. assets to Centrum Equities XV LLC for $21.5 million.