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Auto News 10/2008 (Page 5)

Will sun set again on area oil industry? (The Longview News-Journal)
T O MANY PEOPLE IN EAST TEXAS, the recent drop in oil and natural gas prices is all too familiar.

Wheels come off car sales (News 24 South Africa)
Debt-ridden South Africans are dumping their cars and the local industry is suffering. But there is hope for SA's vehicle exports.

Anthony DeSantis Named President and CEO, AIG Personal Auto Group (Insurance and Technology)
Seasoned industry vet has held management and executive positions at AIG. American International Group, Inc. (AIG)(New York), has named Anthony J. DeSantis president and chief executive officer of its Personal Auto Group.

Auto industry protests move on steel duty (rediff.com)
Import duty on steel is a critical factor determining domestic steel prices. Auto component makers and automobile majors, faced with sagging sales over the last two quarters, have expressed strong reservations against the steel industry's demand for re-imposition of 5 per cent import duty on non-alloy steel (used to manufacture car bodies and stamped auto parts).

High Temperature Plastics Market to Reach $10.5 Billion by 2012, According to New Report by Global Industry Analysts, ... (PRWeb via Yahoo! News)
A robust electronics sector, which consumes more than one-third of HTP production, is propelling growth in the high temperature plastics market. The United States and Europe are among the fastest growing regions, while emerging markets such as Asia also offer good growth prospects. Fueled by positive trends, the global market for high temperature plastics is expected to reach $10.5 billion by ...

UD holds symposium on the auto's future (Dayton Daily News)
John Heitmann, a University of Dayton historian, has made a career out of exploring and explaining the history of the American automobile.

China's auto industry faces grave situation in production and sales (People's Daily)
According to the production and sales data of the first three quarters released by the China Association of Automobile Manufacturers recently, 7,313,100 and 7,229,200 vehicles have been produced and sold from January to September, up 12.35 percent and 11.94 percent than the same period of last year. 5,103,200 passenger vehicles have been sold, up 11.36 percent than the same period of last year. ...

McCain cautious on auto industry bailout (Reuters via Yahoo! News)
Republican presidential candidate John McCain on Sunday declined to embrace the idea of $15 billion more in government aid for the struggling U.S. automobile industry but did not rule it out.

CalMotors' Green Performance ECU Powers the eRuf from Ruf Automobile (Centre Daily Times)
CalMotors, makers of power electronics and embedded systems for hybrid and electric vehicles, today announced that interest in its electronic control unit (ECU) and its electromagnetic interference (EMI) reduction system has increased dramatically since the release of the first electric Porsche developed by Ruf Automobile in Germany.

CalMotors' Green Performance ECU Powers the eRuf from Ruf Automobile (The Auto Channel)
CAMARILLO, CA - October 27, 2008: CalMotors, makers of power electronics and embedded systems for hybrid and electric vehicles, today announced that interest in its electronic control unit (ECU) and its electromagnetic interference (EMI) reduction system has increased dramatically since the release of the first electric Porsche developed by Ruf Automobile in Germany.

Cheaper gas revs up Las Cruces-area drivers (Las Cruces Sun-News)
To find the lowest and highest self-serve gas prices in New Mexico, click here. To see the latest gas prices in the U.S., according to the American Automobile Association, click here.

Ferrari profits up--just don't ask it to be part of a 'standardized' engine series:
The economy doesn't suck for some people. Ask Ferrari.

Time to Change Gears for a Fuel-Efficient Future (Washington Post)
We have the chance to remake the automobile industry, to strengthen America's technological muscle. But we are frittering away the opportunity.

High Growth Reported for the IT in the Insurance Industry Emerging Trends and Market Opportunities in Asia Pacific (Marketwire via Yahoo! Finance)
eportlinker.com announces that a new market research report related to the Insurance industry is available in its catalogue.

Canadian GP: Formula BMW team campaigns for race's reinstatement:
Canadian Grand Prix: Formula BMW team campaigns for race's reinstatement

Is Infrastructure Cloud Computing a Natural Monopoly? (SYS-CON Media)
Is infrastructure cloud computing a natural monopoly? I suspect there will be enough fragmentation in the kinds of offering available that a demand for variety will make it more like the automobile industry than like the online bookstore industry. read more

Worries Mount as Germany's Car Industry Stalls (Deutsche Welle)
Even as the German government considers tax incentives and other bailouts for the ailing car industry, auto experts warn that the hard times will be felt far beyond manufacturers' assembly lines.

High Growth Forecasted for the China Glass Industry Market Report, 2008 (Business Wire via Yahoo! Finance)
NEW YORK----Reportlinker.com announces that a new market research report related to the Chemicals industry is available in its catalogue.

FIA responds to Ferrari's threat to quit F1, downplays situation:
On Monday, Ferrari's board of directors issued its financial results in a statement that also included a threat to quit Formula One if the FIA's proposal for teams to use standard-spec engines is implemented in 2010.

Audatex Releases Special NACE Edition of its Industry Trends Publication for Vehicle Insurers and Collision Repairers (wallstreet:online AG)
Audatex North America Inc., the leading global provider of software and services to the automobile

Audatex Releases Special NACE Edition of its Industry Trends Publication for Vehicle Insurers and Collision Repairers (Centre Daily Times)
Audatex North America Inc., the leading global provider of software and services to the automobile insurance claims processing industry, today released the latest volume of its industry trends publication, Audatex Directions.

Labourers in automobile industry losing jobs (Vietnam Net)
VietNamNet Bridge – Many automobile manufacturers in Vietnam have to cut jobs and halt production as they are facing many difficulties. Ford Vietnam said that it is carrying out a program on personnel restructuring to adapt to the new circumstances.

29-10-2008: Logistics industry may consolidate further (The Edge Daily)
KUALA LUMPUR: The fragmented local logistics industry is expected to enter into a consolidation period with inefficient and smaller players exiting the industry or being merged or acquired amid the current slowing global economy, according to analysts and industry players.

Global Market for NanoMaterials to Reach Close to $10 Billion by 2012, According to a New Report by Global Industry ... (PRWeb via Yahoo! News)
NanoMaterials are redefining trends in vital industries such as automobile, and paints & coatings among others. Nanocrystals and semiconductor quantum dots offer great promise due to tremendous potential advantages. Worldwide NanoMaterial revenues are projected to reach close to $10 billion by 2012, driven mainly by rising demand in nanoelectronics and healthcare markets.

‘Used car superstore’ eyes area (The Columbian)
Despite a slowdown in the automobile industry this year, a new player is feeling out the Clark County car sales market. Richmond, Va.-based CarMax has earmarked 15.6 acres in Orchards for a two-lot...

McCain cautious on auto industry bailout (Washington Post)
WASHINGTON (Reuters) - Republican presidential candidate John McCain on Sunday declined to embrace the idea of $15 billion more in government aid for the struggling U.S. automobile industry but did not rule it out.

(AFX UK Focus) 2008-10-29 13:32 EU auto sector to suffer further drop in Q4-industry (Interactive Investor)
BRUSSELS, Oct 29 (Reuters) - The European car industry will suffer a further drop in sales in the fourth quarter of this year, the head of European Automobile Manufacturers Association (ACEA) said on Wednesday. "In the third quarter, there was a drop of about 10 percent ... in the fourth quarter it will be even more," said Christian Streiff, who is also chief executive of PSA Peugeot Citroen . ...

NASCAR team owner Larry McClure indicted for tax violations:
Larry McClure, co-owner of the Morgan-McClure team that did so well in NASCAR in the 1990s, has been indicted on charges relating to money laundering, wire fraud, mail fraud, filing false income tax returns, and obstructing a tax investigation.

EU backs car industry call for soft loans (Reuters via Yahoo! UK & Ireland News)
EU Industry Commissioner Guenter Verheugen has backed a call by Europe's carmakers for soft loans to help develop cars which meet toughening European Union CO2 emissions targets.

(AFX UK Focus) 2008-10-29 17:40 UPDATE 3-EU backs car industry call for soft loans (Interactive Investor)
BRUSSELS, Oct 29 (Reuters) - EU Industry Commissioner Guenter Verheugen has backed a call by Europe's carmakers for soft loans to help develop cars which meet toughening European Union CO2 emissions targets. The European Automobile Manufacturers Association (ACEA) wants a 40 billion euros ($51 billion) soft loans package to help it develop EU-required green technologies. "Loan subsidies could be ...

McCain cautious on auto industry bailout (Washington Post)
WASHINGTON (Reuters) - Republican presidential candidate John McCain on Sunday declined to embrace the idea of $15 billion more in government aid for the struggling U.S. automobile industry but did not rule it out.

EU signals readiness to support auto industry (People's Daily)
The European Commission signaled its readiness on Wednesday to support auto industry in meeting stricter CO2 emissions targets in the face of the ongoing global financial crisis and sharp economic slowdown. "We are open to the possibility of providing support for the development of low emission cars, high tech cars that could help the European motor industry maintain its global competitiveness," ...

Europe's Car Industry Wants EU Loan Offer by Year-End (Update1) (Bloomberg)
Oct. 29 (Bloomberg) -- Europe's car industry wants a European Union commitment by year-end to offer 40 billion euros ($52 billion) in low-interest loans to help counter the global credit crunch.

German auto sector sees mixed results (Financial Times)
The German automobile industry saw mixed third-quarter results on Thursday amid the worsening financial crisis and deteriorating global economic outlook.

IZB 2008: Suppliers Keep German Auto Industry Strong (PR Newswire via Yahoo! Finance)
Germany's auto industry provides new investors with Europe's best network of suppliers and communications technology service providers. These businesses help make Germany a top location for innovations and vehicle lines.

EU MUST MATCH US ON AUTO INDUSTRY AID: FRENCH PM (The Tocqueville Connection)
PARIS, Oct 30, 2008 (AFP) - Europe needs to match the United States in helping its auto industry weather the global financial crisis, French Prime Minister Francois Fillon said Thursday.

Arizona, U.S. automobile sales are going from bad to worse (The Arizona Republic)
Falling auto sales have people wondering how low they can go. But it's a great time to buy for some.

Bill Clinton tells Ohio that Obama will generate jobs (The Cincinnati Enquirer)
Former President Clinton said Thursday that if Republican John McCain were elected president, the United States could lose the automobile industry.

China's drive into U.S. car market stalls (CNN Money)
It's been more than three years since Chinese auto makers first sent chills down Detroit's spine with plans to sell cars in the United States beginning last year. China, now the world's second-largest automobile producer, was already selling low-cost vehicles in dozens of countries around the world at the time - with jarring success.

Bill Clinton asks Ohio to back Obama for economy (WOOD TV 8 Grand Rapids)
CAMPBELL, Ohio -- Former President Bill Clinton said that if Republican John McCain were elected president, the United States could lose the automobile industry.

Ailing auto industry a concern for both candidates (San Francisco Chronicle)
In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core:...

Ailing auto industry a concern for both candidates (Lexington Herald-Leader)
With thousands of auto workers in Rust Belt states, Democrat Barack Obama and Republican John McCain offer plans to develop advanced vehicles key to rebuilding U.S. automakers. Yet the next president may face decisions that run to the industry's very survival. Tuesday's election comes during one of the worst years for the auto industry in more than a decade. Auto sales have dropped sharply, ...

Ailing auto industry a concern for both candidates (Lexington Herald-Leader)
In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival. In the final weeks of the presidential campaign, General Motors has been discussing a potential acquisition of Chrysler ...

ELECTION 2008: Ailing auto industry a concern for voters as election nears (Detroit Free Press)
The next president may face decisions that run to the auto industry's very survival.

Obama and McCain's proposals for the auto industry (Detroit Free Press)
A look at Barack Obama and John McCain's proposals for the auto industry:

Governors Press Fed, Treasury to Help Auto Industry (Washington Post)
The clamor for federal aid for the troubled U.S. auto industry is growing louder.

Ailing auto industry a concern for both candidates (AP via Yahoo! News)
In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival.

Ailing auto industry a concern for both candidates (The Washington Times)
With thousands of auto workers in Rust Belt states, Democrat Barack Obama and Republican John McCain offer plans to develop advanced vehicles key to rebuilding U.S. automakers. Yet the next president may face decisions that run to the industry's very survival.


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