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Auto News 08/2008

ESCAPE ROADS: 1978 Plymouth Volare Street Kit Car: No. 43 with a bullet
Plymouth's Volare Street Kit Car appeared in 1978, a confused time for high-performance cars in the United States, which helps explain its obscurity today.

MARKET: 1974 Jaguar E-Type Series III Roadster:
Bonhams Greenwich

Gerresheimer Starts Process to Sell off its Business Segment of Technical Plastics (PR Newswire via Yahoo! Finance)
Gerresheimer AG is to discontinue its business in technical plastic systems. The business segment, which primarily manufactures system components for suppliers to the automobile industry, is not part of the core business of pharma & life science.

Kalitta taps veteran Funny Car driver Arend to finish season:
Kalitta Motorsports has tapped veteran driver Jeff Arend to pilot Scott Kalitta's Toyota Solara Funny Car for the rest of the season.

Car industry gloom descends on BMW, Nissan (Reuters via Yahoo! News)
The clouds hanging over the global car industry cast dark shadows over two more makers on Friday as BMW issued a profit warning and Nissan Motor badly missed quarterly operating profit forecasts.

Car industry gloom descends on BMW, Nissan (Reuters via Yahoo! Malaysia News)
By Christiaan Hetzner and Chang-Ran Kim

Car industry gloom descends on BMW and Nissan (Interactive Investor)
Fri 01 Aug, 2008 11:42

Car industry gloom descends on GM, BMW, Nissan (Reuters via Yahoo! News)
The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion, BMW warned on profits and Nissan earnings widely missed expectations.

BMW Group Adjusts Forecast to Market Conditions (The Auto Channel)
MUNICH - August 1, 2008: Business conditions for the automobile industry deteriorated sharply again in the second quarter due to further ongoing steep rises in oil and raw material prices, the weakness of the US dollar, the impact of the international financial crisis and a weaker US economy.

General Motors results add to car industry woes (Guardian Unlimited)
The gloom surrounding the motor industry deepened today when General Motors announced a $15.5bn (£7.8bn) loss and rival BMW issued a profits warning. By Dan Milmo

Vehicle recall system frustrates Canadians (Moldova.org)
Canadian vehicle recall laws have far fewer teeth than U.S. laws, leaving free safety repairs a voluntary move by manufacturers, industry observers said.The law requires only a notice be issued in Canada, which is in contrast to the United States where the manufacturer is legally bound to make the repair at no cost to the consumer, George Iny, president of the Canadian Automobile Protection ...

Jimmie Johnson captures Pocono pole to retain momentum:
Jimmie Johnson’s recent upswing in performance continued on Friday when he won the pole for Sunday afternoon’s Sunoco/Red Cross Sprint Cup 500 at Pocono Raceway.

WRAPUP 3-Car industry gloom descends on GM, BMW, Nissan (Reuters via Yahoo! Singapore News)
(Adds detail on GM, Chrysler refinancing, quotes)

Car industry gloom descends on GM, BMW, Nissan (Reuters via Yahoo! News)
The meltdown in the global car industry claimed more victims on Friday as General Motors lost another $15.5 billion, BMW warned on profits and Nissan earnings missed expectations by a wide margin.

Indian automobile industry gears up for eco-friendly vehicles; hybrids, electric cards attract attention (New Kerala)
As the global crude oil prices continue to defy gravity and even touched record levels of 147 dollars in the recent past, the call for fuel efficient eco-friendly vehicles have been getting shriller.

Car Industry Gloom - Hey Guys Make Lemonade Ourt of Lemons (The Auto Channel)
But First Snide's Remarks: Hey Auto Industry...it's about time for a change...the good old semi-safe gas guzzler has grown out of favor with the marketplace, you now have to re-invent your product and present it in a way that will excite and re-energize the buyers in the first world...just like when TV had 100% saturation in the U.S., the smart TV guys came out with color TV and the rest is ...

Lewis Hamilton wins Hungarian GP pole:
McLaren-Mercedes Formula One driver Lewis Hamilton set himself up for a third straight Grand Prix victory by taking pole position in swelteringly hot conditions in Hungary.

Gloom descends on car industry (TVNZ)
The meltdown in the global car industry has claimed more victims as General Motors lost another $15.5 billion, BMW warned on profits and Nissan earnings missed expectations by a wide margin.

July automobile imports drop sharply (Vietnam Net)
VietNamNet Bridge - Vietnam imported 3,000 completely-built automobiles in July, down 23 percent from the previous month mainly due to the higher import tariffs imposed on the products, the Ministry of Industry and Trade (MIT) reported.

Time machine: Tripping in the Rolls-Royce Phantom Coupe:
What do I know about Rolls-Royce? I am landing at Heathrow to be whisked southward for a rendezvous with the new coupe version of the Phantom.

Kevin A. Wilson: It's Still Fun
Enough with the doom and gloom about cars, already. It's summer, and cars are still fun. Going places and doing things with cars got more expensive this year, but the cars and the things didn't suddenly become drudgery and boredom.

Light rail will steer automobile traffic to alternate routes (BizJournals)
A Kansas City light-rail system will alter roadways and change driving patterns, but experts said most drivers will adapt easily to the changes.

Car industry meltdown (News 24 South Africa)
The meltdown in the global car has continued with GM losing another $15.5bn and BMW warning of a profits decline.

In Germany, a City?s Famed Industry Now Helps Keep It Afloat (New York Times)
With their low fuel consumption, zeppelins are enjoying renewed attention in an era of high fuel prices.

MCOT Public Company Limited.2008 (MCOT - English News By Thai News Agency)
BANGKOK, Aug 2 (TNA) - Automobile manufacturers in Thailand may move their production bases elsewhere because the campaigns being launched by the government promoting the production of E85 cars, aimed at saving energy, while still unclear, compete with government promotion of the automotive sector in other ways, according to a senior Federation of Thai Industries (FTI) official.

© Oxford Business Group's series of on-line and print publications have become renown as the leading source of ... (Oxford Business Group)
The hunt for a foreign partner for Malaysian automobile firm Proton may be back on again, but a broader liberalisation of the automotive sector looks off the agenda.

International Automobile Dealers Announce Monthly Sales (PR Newswire via Yahoo! News)
International Automakers Continue to Increase Market Share

International Automobile Dealers Announce Monthly Sales (The Auto Channel)
ALEXANDRIA, Va., Aug. 4 -- The American International Automobile Dealers Association (AIADA) today released July 2008 sales figures for the international automobile industry.

Deepak Ahuja, Seasoned Auto Industry Finance Executive, Joins Tesla Motors as CFO (Business Wire via Yahoo! Finance)
SAN CARLOS, Calif.----Deepak Ahuja, a seasoned auto industry finance executive with 15 years experience at Ford Motor Company, has joined Tesla Motors as Chief Financial Officer.

Advanced Data Centers Introduces Industry's First LEED Platinum Pre-Certified Data Center (Marketwire via Yahoo! Finance)
Advanced Data Centers, a leading owner and developer of corporate data centers, announced today that its McClellan Park data center has received Platinum Pre-Certification from the U.S.

DRIVERS LOG: 2008 Subaru Impreza 2.5i:
EXECUTIVE EDITOR WES RAYNAL: In this day of $4-plus-per-gallon fuel, this is a fine alternative to a Honda Civic or a Toyota Corolla. Or for people like me, who wouldn't be caught dead in a Yaris or any Scion.

Natalie Neff: Parochial Schooling
Jennifer Granholm, the governor of Michigan, rode the bus to work the other day. The assembled cameras and reporters recorded her clinking quarters into the fare box, accompanied by an audible flourish: clink, "one!" clink, "two!" etc.

Vehicle exports poised to hit milestone (Independent Online)
The automotive industry's exports are set to exceed imports for the first time since the introduction of the motor industry development programme (MIDP) in 1995.

SA auto exports set to overtake imports (Independent Online)
The South African automotive industry's exports - vehicles and parts - are set to exceed imports for the first time since 1995.

Higher tariffs lead to sharp decline in automotive imports (Việt Nam News)
HA NOI — A Ministry of Industry and Trade report shows Viet Nam imported 3,000 foreign-built automobiles in July, down 23 per cent from the previous month.

Tesla hires auto execs, gets founder's review (CNET)
All-electric sports car maker Tesla Motors is on a hiring binge, taking on auto industry executives as it ramps up operations. Meanwhile, its founder files a 1,000-mile review.

CentralDispatch Now Offers Auto Dealers Online Vehicle Transportation Contracts (PRWeb via Yahoo! News)
CentralDispatch™ (www.CentralDispatch.com), the automobile industry's transportation marketplace, today announced the addition of online contracts to their vehicle transportation management system. When used in conjunction with other CentralDispatch.com features, online contracts allow users to manage the entire vehicle transportation process online, in a single location. Managing contracts ...

The oil industry: capitalism and conflict (Socialist Worker)
Oil drives the global capitalist economy. It is a vital ingredient in everything from transport through to petrochemicals and agriculture. A handful of massive corporations and producer countries control the global oil and gas industry.

Chip Stocks Still a Tough Read (TheStreet.com)
The industry isn't a complete disaster, but expectations are being reined in.

After a year under Cerberus, Chrysler's future as cloudy as ever as industry slumps (Minneapolis-St. Paul Star Tribune)
DETROIT - After running Chrysler LLC for a year, Cerberus Capital Management LP must be wondering if its mascot, the three-headed dog that guards the gates of hell, is protecting it from the underworld or leading it into the flames.

Toyota wary about old ties with new industry minister (Bangkok Post - Thailand's English news)
Toyota must be cautious in dealing with new Industry Minister Mingkwan Sangsuwan, a former executive of the Japanese automaker, to avoid possible public criticism, Toyota Motor Thailand president Mitsuhiro Sonoda said yesterday.

Lawmaker urges alternative-fuel loans in a hurry (New York Daily News)
The nation's auto industry is bleeding billions, and a Michigan lawmaker is pushing for a $25 billion bandage. Rep. John Dingell is asking the U.S. to speed rules that would free up government loans to convert factories to build alternative-fuel vehicles.

Volkswagen considers a coupe and roadster tandem--again:
Volkswagen has resurrected plans for an affordable, mid-engine coupe and roadster tandem as part of an image-building campaign aimed at highlighting the company's design and engineering prowess.

Peninsular pleasures: A weekend in Monterey:
Going to Monterey for the big weekend Aug.

REVS: Trading up: Auction owner finds a niche--for his classics and himself
"I don't have faith in the stock market," says Phil Kuhn, owner of a public-auction company in Chicago. "You can't control it. I want to build barns and garages and have a portfolio of cars that I can control and enjoy. It's my niche."

BMW de-Bangles and de-iDrives the 7-series for 2009:
The 2009 BMW 7-series is a welcome sight.

REVS: Trading up: Auction owner finds a niche--for his classics and himself
"I don't have faith in the stock market," says Phil Kuhn, owner of a public-auction company in Chicago. "You can't control it. I want to build barns and garages and have a portfolio of cars that I can control and enjoy. It's my niche."

Dingell presses for approval of auto industry loans (Detroit News)
Michigan Congressman John Dingell is asking the federal government to speed rules that would free up $25 billion in government loans to convert General Motors Corp., Ford Motor Co. and Chrysler LLC factories to build alternative-fuel vehicles.

Printronix Provides Automobile Industry With High-Speed, Low-Maintenance Print Solutions (Marketwire via Yahoo! Finance)
Printronix Inc., the leading integrated supply-chain printing solutions manufacturer, released new case studies addressing optimal use of line matrix and thermal bar code printers for automobile manufacturers and original equipment manufacturer suppliers.

US economy: Financial group suggests reforms for banking industry (Guardian Unlimited)
The group blames age-old human foibles for the international financial crisis


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