Automobile news Geely Automobile to sell $81.5 mln in shares HONG KONG, Feb 16 (Reuters) - Chinas Geely Automobile Holdings Ltd. said it was selling HK$636 million (US$81.5 million) worth of new shares to a major shareholder, raising funds for an automobile parts-making joint venture in Shanghai. Mexican Economy Slows in Fourth Quarter on Auto, Oil Declines Feb. 16 (Bloomberg) -- Mexicos economic growth weakened in the fourth quarter, slowing for a third straight quarter, after automobile output slumped and U.S. demand for exports slowed. U.S. auto companies more competitive: White House U.S. automobile companies are becoming more competitive, despite their recent troubles, the White House said on Thursday. High-risk driver insurance assignments get scrutiny THE REGION State regulators heard testimony again on a new system for apportioning among automobile insurers those drivers that no company wants to cover voluntarily. The so-called assigned-risk plan was put in place at the end of the Romney administration, but Governor Deval Patrick put it on hold so a study group appointed by his administration could review it. The ... Toyota, GM see sales growth in eastern Europe European new car sales rose 1.1% in January, led by gains at Toyota Motor Corp. and General Motors Corp., as growth in eastern Europe boosted purchases. Sales increased to 1.29 million vehicles from 1.27 million units a year earlier, the Brussels-based European Automobile Manufacturers Association said in a statement Thursday. Car seat inspections offered by automobile association Free car seat safety inspections are available from the American Automobile Association beginning this week, National Child Passenger Safety Week. Auto Club: Gas Prices Zoom Up Tight supplies in the California gasolinemarket have driven prices up by more than a penny a day in SouthernCalifornia over the past week. Its unclear, however, whether thisrepresents the beginning of what has become an annual springtime pricespike at the pump, according to the Automobile Club of SouthernCalifornias Weekend Gas Watch. European new car registrations rise 1.1 percent in January New car registrations in Europe rose 1.1 percent in January on a 12-month comparison, led by strong sales in Britain and Italy, the European automobile association ACEA has said. Teen charged in family car deaths A 17-year-old Skyline High School football player - accused of driving drunk and killing three people and an unborn child last week - was charged Thursday with multiple felonies in juvenile court. But prosecutors aim to try him as an adult. Cameron Howard White, of Salt Lake City, is charged with four counts of second-degree felony automobile homicide, one count of third-degree felony ... Auto headlines Geely Automobile Holdings Ltd., the listed unit of Chinas largest private automaker, said it will raise as much as $78 million selling new shares in Hong Kong. | ||||