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SOUTH KOREA: Hyundai posts record quarterly net profit

Hyundai Motor Company has posted a record quarterly net profit up 48% year on year to 811.8bn won (US$648.4m dollars).

AUSTRALIA: Holden names chairman and MD

Holden has named Alan Batey, 46, as its chairman and managing director. He will take up his new position on 1 September, 2009.

GERMANY: Volkswagen sales slip over H1

The Volkswagen Group has said that it had delivered 5% fewer vehicles in the first six months of 2009 over the same period last year. However, the German automaker noted that it outperformed the general marketplace and gained market share.

INDIA: Skoda to assemble Yeti

Skoda Auto India, the wholly-owned Indian subsidiary of Czech carmaker Skoda, plans to assemble the Yeti SUV at its CKD plant in Aurangabad.

AUSTRALIA: Ford plans I4 Falcon, axes Focus build

Ford Australia on Friday said it would build its first-ever four cylinder Falcon and had axed plans to make the next generation Focus at its plant near Melbourne.

GERMANY: Stock market nervous over Porsche-VW plans

The corporate drama that is the Porsche-Volkswagen affair, which yesterday saw the departure of Porsche chief executive officer Wendelin Wiedeking after 16 years with the company and the move to merge the sportscars brand into the VW portfolio, put the stock market to confusion.

US: Toyota expects North America loss despite sales hike

Toyota is expecting to make a loss in North America even as it anticipates selling more cars in the United States than the restructured General Motors, a senior executive has said.

ANALYSIS: Where now for Fiat?

Fiat lost out in the battle for Opel - and that has a knock-on effect for the group, making it harder to make for much-needed cuts in Italian capacity. Sergio Marchionne still wants a third partner - but who will it be? Mark Bursa investigates

JAPAN: New Toyota chief signals local market focus

Toyota needs to start over from "rock bottom" and will abandon for now its policy of offering a full product range world-wide to focus more on local market needs, new president and founding family member, Akio Toyoda, said at his first press conference in Tokyo today.