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Auto News 12/2008 (Page 6)
King Mango Strut parade ready to hit the Grove (Miami Herald)
Remember that time when everybody's 401(k)s evaporated, the polar ice caps were melting, the fate of the U.S. automobile industry got pinned on electric cars and some guy threw his shoes at the president?
(Dec 27, 2008)
City giving boost to auto industry (The Pasadena Citizen)
The nation’s major automobile makers may be seeking free handouts from the government, but the city of Pasadena is making those auto makers produce something for its money.
(Dec 27, 2008)
Automotive industry should avoid “dead end” (The Post and Courier)
Are you growing tired of bailout news? You have company. Take a word from a columnist who majored in economics: the economy WILL Come back. It always does with spectacular results. It is just a matter of time, patience and a return of confidence.
(Dec 27, 2008)
A year of laughter (The Myrtle Beach Sun News)
It's been a year full of bad economic news that is ending with the nation's automobile industry at the brink of bankruptcy. Closer to home saw the stunningly quick closing of Hard Rock Park and continuing battles over biker weeks. Still, despite the angst, columnist Bob Bestler found a few things to smile about. Join him on an irreverent journey back over 2008.
(Dec 28, 2008)
Year of disappointment for auto industry (rediff.com)
High interest rates and lack of retail finance, coupled with rising input costs, threw plans out of gear for automakers and in November the industry saw the worst ever monthly vehicle sales with a decline of 17.98 per cent.
(Dec 28, 2008)
City giving boost to auto industry (The Pasadena Citizen)
The nation’s major automobile makers may be seeking free handouts from the government, but the city of Pasadena is making those auto makers produce something for its money.
(Dec 28, 2008)
Haryana to create 17,000-acre land bank for industry (Calcutta News)
Haryana's industry promoter, the Haryana State Industrial and Infrastructure Development Corp (HSIIDC), is creating a land bank of 17,000 acres for industrial units, the corporation announced here Sunday.
(Dec 28, 2008)
Steel industry calls for higher import duty, CVED (Business Standard India)
As the government gears up to formalise another dose of stimulus package to boost demand, steel industry has come out with a wish-list which includes hike in import duty and imposition of countervailing duty to check cheap overseas arrivals of the commodity.
(Dec 28, 2008)
Rs 1,00,000 cr fund mooted for infrastructure (Business Standard India)
A Rs 1,00,000 crore revolving fund has been suggested by an industry body to boost the infrastructure projects which are facing the heat of global financial crisis.
(Dec 28, 2008)
Tata Autocomp feels the heat (Business Standard India)
The slowdown in the automobile industry has already hit Tata Motors hard. The impact is now being felt by the Tata Group’s automotive component companies.
(Dec 28, 2008)
Daily Herald (Roanoke Rapids Daily Herald)
Where do you stand on the bailout? Friday morning President George Bush stepped up to the plate and approved a $17.4 billion loan to save the American automobile industry.
(Dec 29, 2008)
Local car dealers remain optimistic despite economy (Independent Tribune)
The problems faced by the U.S. automobile industry in 2008 have made headlines around the world.
(Dec 29, 2008)
Dealership steers away from downturn (BizJournals)
While many car dealerships are struggling to stay afloat, one local dealership chain is expanding against the backdrop of turmoil in the national automobile industry.
(Dec 29, 2008)
Snow and Ice Research Prompts ATA Action Plan (TruckingInfo.com)
12/29/2008 Based on the results of a study on the effects of snow and ice accumulation on vehicles, American Trucking Associations President and CEO Bill Graves issued a "call to action" for ATA to work with the American Automobile Association and other industry partners to create comprehensive solutions to snow- and ice-related safety problems.
(Dec 29, 2008)
Spied: Lexus hybrid sedan:
The redesigned Prius won't be the only hybrid news from Toyota Motor Corp. at the Detroit auto show in January.
(Dec 29, 2008)
City giving boost to auto industry (The Pasadena Citizen)
The nation’s major automobile makers may be seeking free handouts from the government, but the city of Pasadena is making those auto makers produce something for its money.
(Dec 29, 2008)
Video gives preview of new Toyota Prius:
Toyota has given a preview of the redesigned Prius that will debut at the Detroit auto show with a video featuring the Blue Man Group.
(Dec 29, 2008)
Jaguar drops new diesel into XF:
European buyers of the Jaguar XF now have the option of a more powerful diesel engine.
(Dec 29, 2008)
Supplier spat may stall launch of Camaro production:
After months of teasing us with pictures, concepts and finally the real thing, all thats left for the new Chevrolet Camaro is to crank up the assembly line so the car can hit the road next year.
(Dec 29, 2008)
CCID Consulting: Review and Forecast on China's Electronic Information Industry (PR Newswire via Yahoo! Finance)
CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong , recently released its article on review and forecast of China's electronic information industry.
(Dec 29, 2008)
Today’s Inbox: Allow car dealers to be open on Sundays (The Des Moines Register)
With all of the difficulties that the automobile industry is having, now is the time to give some help to Iowa dealers that won’t cost the taxpayers a dime. We need to repeal the Iowa law that makes it a crime to auto dealers to sell cars on Sundays.
(Dec 29, 2008)
German politician calls for aid to autos (UPI)
BERLIN, Dec. 29 (UPI) -- German Foreign Minister Franc-Walter Steinmeier says the government should help the country's automobile industry with consumer tax breaks and financial aid.
(Dec 29, 2008)
Siam expects auto industry to pick up momentum in mid 09 (Express India)
Society of Indian Automobile Manufacturers the apex body of automakers today said it expects the industry to shape up in a better way by the middle of next year, after it underwent a slump in 2008 with an estimated overall decline of 2% in domestic sales.
(Dec 29, 2008)
Redesigned Nissan 370Z rolls out with $30,000 base price:
Nissan's shorter, wider and more powerful 370Z sports car comes with a slightly higher sticker price as it rolls out on Tuesday for the 2009 model year.
(Dec 30, 2008)
Kenanga cuts volume forecast for auto sector (Business Times (Malaysia))
KENANGA Research has slashed its total industry volume (TIV) forecast for the automobile sector in 2009 by 4.5 per cent to 460,000 units from 481,670 units previously.
(Dec 30, 2008)
Feds to hand GMAC $5 billion for bailout (San Francisco Chronicle)
In a move that could free up financing for car buyers, the federal government said Monday that it would provide $5 billion in assistance to automotive lender GMAC as part of the effort to prop up the nation's faltering automobile industry. The Treasury...
(Dec 30, 2008)
City giving boost to auto industry (The Pasadena Citizen)
The nation’s major automobile makers may be seeking free handouts from the government, but the city of Pasadena is making those auto makers produce something for its money.
(Dec 30, 2008)
GMAC to get $5 billion in rescue (The Columbus Dispatch)
In a move that could free up financing for car buyers, the federal government said yesterday that it would provide $5 billion in assistance to automotive lender GMAC as part of the ongoing effort to prop up the nation's faltering automobile industry.
(Dec 30, 2008)
Feds offer lifeline to ailing GMAC (Denver Post)
In a move that could free up financing for car buyers, the federal government said Monday that it would provide $5 billion in assistance to automotive lender GMAC as part of the ongoing effort to prop up the nation's faltering automobile industry.
(Dec 30, 2008)
Lincolns are first to get Ford parking-assist technology:
UPDATE: To see a YouTube video of Ford's Active Park Assist in action, click on this link: www.youtube.com/watch?v=xW-MhoLImqg
(Dec 30, 2008)
Daily Herald (Roanoke Rapids Daily Herald)
Thus far the Daily Herald’s readers support the idea of saving thousands of jobs and the U.S. automobile industry but only under stringent conditions.
(Dec 30, 2008)
GM offers 0 percent loans, cash incentives:
Just hours after GMAC LLC accepted a $6 billion government bailout package designed to enable more consumer car loans, General Motors announced new incentives.
(Dec 30, 2008)
Feds Add $6 Billion to Auto Bailout, Takes Stake in GMAC (Gothamist)
The Treasury Department is increasing its aid to the automobile industry by throwing an extra $6 billion to the already-promised $17.4 billion . The additional funding is, per Politico , "chiefly to help the financial arm of General Motors Corp.": " Treasury will purchase $5 billion in senior preferred equity from GMAC LLC, and up to $1 billion more will be lent to GM itself so the ...
(Dec 30, 2008)
Wall Street gains as GMAC gets financing (Los Angeles Times)
The automaker's financing unit says it will immediately begin making new loans and the Dow rises more than 184 points. The stock market staged a strong advance on the next-to-last day of 2008 after Washington's latest lifeline to the automobile industry bolstered hopes that the government would do whatever was necessary to tame the recession.
(Dec 30, 2008)
Extra excise on large cars may go; separate package on cards (Business Standard India)
The government is likely to remove an additional excise duty of Rs 10,000-20,000 on large cars and sports-utility vehicles as part of the package for the automobile industry which is facing a downturn in sales for want of cheap retail credit. The additional duty was imposed in June this year.
(Dec 30, 2008)
Extra excise on large cars may go; separate package on cards (Business Standard India)
The government is likely to remove an additional excise duty of Rs 10,000-20,000 on large cars and sports-utility vehicles as part of the package for the automobile industry which is facing a downturn in sales for want of cheap retail credit. The additional duty was imposed in June this year.
(Dec 30, 2008)
Fisker bringing new concept to Detroit show:
The production version of the hybrid-powered Karma was pegged to be the centerpiece of the Fisker Automotive at the Detroit auto show. That was, until Tuesday evening.
(Dec 30, 2008)
W.Va. Auto Dealers Could Weather Industry Storm (WSAZ NewsChannel 3 West Virginia)
As they ponder the future of auto dealerships in West Virginia, auto dealers think consolidation will be the answer to the auto industry disaster.
(Dec 31, 2008)
Kenanga cutsTIV forecast for cars (The New Sabah Times)
KUALA LUMPUR : Kenanga Research has slashed its total industry volume (TIV) forecast for the automobile sector in 2009 by 4.5 percent to 460,000 units from 481,670 units previously, on weaker demand and in anticipation of slower economic growth.
(Dec 31, 2008)
City giving boost to auto industry (The Pasadena Citizen)
The nation’s major automobile makers may be seeking free handouts from the government, but the city of Pasadena is making those auto makers produce something for its money.
(Dec 31, 2008)
BMW gives behind-the-scenes look at Z4 development:
Most fans of the new BMW Z4 will admire the finished product.
(Dec 31, 2008)
Auto manufacturers ask for Tet present of tax decreases (Vietnam Net)
VietNamNet Bridge – Automobile manufacturers in a meeting with Deputy Minister of Industry Le Duong Quang on December 30 asked the government to delay the implementation of tax policies related to the automobile industry in order to help rescue the industry.
(Dec 31, 2008)
Where are they now?: Shaping an industry: Eight leaders who made an impact during three decades
The car business is influenced by people in both obvious and seemingly unrelated walks of life. Here is the latest on several who have had a big impact, good or bad, in the last 30 years.
(Dec 31, 2008)
Where are they now?: Shadow figures:
Dreams, lust, single-minded pursuit, blind ambition, thievery--the car world is hardly immune, and sometimes otherwise rational people succumb. Here we catch up with some of autodom's most notorious figures of the last 30 years.
(Dec 31, 2008)
Fisker bringing new concept to Detroit show:
The production version of the hybrid-powered Karma was pegged to be the centerpiece of Fisker Automotive at the Detroit auto show. That was, until Tuesday evening.
(Dec 31, 2008)
Potent Pony: Ford Mustang Shelby GT500:
One of the highlights of Ford's display at the 2009 North American International Auto Show in Detroit will be the debut of the 2010 Ford Mustang Shelby GT500 that has been blessed by 86-year-old Ol' Shel himself.
(Dec 31, 2008)
Mining industry falters as recession spreads (AP via Yahoo! Finance)
After turning in a robust performance through June, most mining companies stumbled as automobile, housing and other manufacturers who use their metals cut back amid a global recession.
(Dec 31, 2008)
Tucker design team member Philip Egan dies:
Philip Egan, a designer and author who is credited with designing the driver control area of the 1948 Tucker Sedan, died on Dec. 26 in Fairfax, Calif. He was 88 years old.
(Dec 31, 2008)
INDUSTRY & ECONOMY (The Hindu)
HOTELS: It’s a party pooper for hospitality, liquor segments New Delhi, Dec. 31 With slowdown and security concerns acting as party-poopers, the hospitality industry is going slow on its New Year binges this time round. “The mood right now is of caution and not of splurging,” said ...
(Dec 31, 2008)
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