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Auto News 01/2009 (Page 3)
Dear Economist: What should I charge China for Michigan? (Financial Times)
Here in Michigan we have a problem: the automobile industry. Thanks to foreign competition and the doubtful management of the Big Three, the state’s economy is in serious trouble. Should we just sell the state to the Chinese?
(Jan 10, 2009)
Local union leaders react to deal (Tribune Chronicle)
LORDSTOWN -- Local union leaders are questioning why the $17.4 billion loan package for the automobile industries bars its unions from striking while no such restriction was placed on the $700 billion bailout of the banking industry.
(Jan 10, 2009)
2010 Mercedes-Benz E-Class: Now you see it, now you dont:
Get used to seeing, hearing and reading about the redesigned 2010 Mercedes-Benz E-Class, but dont look for it at the North American International Auto Show.
(Jan 10, 2009)
Ford redesigns Taurus to be an 'aspirational' car:
Designer Moray Callum's latest project at Ford wasn't designing just another car. He was charged with making over one of the company's most-famous nameplates: Taurus.
(Jan 10, 2009)
Rescuing Bob Corker (The Memphis Flyer)
Late last week, Tennessee senator Bob Corker made a much-ballyhooed and well-noticed speech on the floor of the Senate proposing what purported to be a compromise resolution to the congressional debate over extending a federal bailout to the automobile industry.
(Jan 10, 2009)
Chrysler charges into Detroit show with EV lineup:
Chrysler put its electric vehicle efforts center stage for the Detroit auto show with a display of the latest versions of several production-intent EVs.
(Jan 10, 2009)
Chrysler reveals 200C electric vehicle concept:
Chrysler LLC jolted automotive journalists ready to see the world premiere of four production-vehicle-based electric cars and trucks at the Detroit auto show, adding a surprise electric show car dubbed the 200C EV.
(Jan 11, 2009)
Volkwagen drops a diesel into its Concept BlueSport:
Volkswagen's long-rumored mid-engine roadster finally made its debut at the Detroit auto show.
(Jan 11, 2009)
Audi debuts Sportback concept:
Building on the success of its A3, Audi is upsizing the sportback bodystyle with a twist with the debut of the Sportback concept at the Detroit auto show.
(Jan 11, 2009)
Subaru Legacy concept hints to whats in store for 2010:
Don't let the concept tag fool you because the Legacy concept that Subaru introduced at the Detroit auto show is basically what the 2010 Legacy will look like when it goes on sale this summer with the exception of minor tweaks.
(Jan 11, 2009)
R Jags leap to 500-plus hp:
Until today, Jaguars elegant XF didnt have an R-badged derivative at the top of its range.
(Jan 11, 2009)
Jaguar XFR hits 225 mph at Bonneville:
Jaguar's hot 503-hp XFR is officially the fastest-ever Jag after a record run last November at the Bonneville Salt Flats, piloted by racer Paul Gentilozzi.
(Jan 11, 2009)
Indian plastic industry sees scope for growth (The Hindu)
KOCHI: Use of plastics in India is 6 kg against the world average of 27 kg. It provides an opportunity for the Indian plastics industry to grow, according to M.T. Thomas, president of Kerala Plastic Manufacturers Association. Foreign ...
(Jan 11, 2009)
Lincoln aims at luxury crossovers with MKT:
In an effort to grow the brand to customers who normally buy imports, Lincoln will offer up a full-size crossover, the MKT, that is due in dealerships in late summer.
(Jan 11, 2009)
Ford halts plans for rwd cars:
With demand uncertain for big cars in the years ahead, Ford Motor Co. has dropped plans for new rear-wheel-drive sedans.
(Jan 11, 2009)
Audi to bring hybrid Q5 to U.S. in 2010:
Audi will offer a hybrid version of its Q5 crossover in the United States starting in late 2010, says Wolfgang Hatz, head of powertrain development for the Volkswagen group.
(Jan 11, 2009)
Concept puts new face on Volvo S60:
Showing a new direction inspired by Scandinavian design, Volvo displayed a concept vehicle here at the auto show that previews the new S60 sedan, due in 18 months.
(Jan 11, 2009)
Lincoln gets a C:
Hoping to attract younger buyers, Ford's Lincoln division is breaking new ground with the Lincoln C concept, a car Lincoln calls a big idea for a small luxury car.
(Jan 12, 2009)
India's Dec car sales fall 7 pct - industry (Reuters via Yahoo! Malaysia News)
NEW DELHI, Jan 12 (Reuters) - Car sales in India fell 7 percent in December to 82,105 units from a year earlier, an industry body said on Monday, the fifth drop in six months as high borrowing costs, tight credit and a slowing economy weighed on demand.
(Jan 12, 2009)
(AFX UK Focus) 2009-01-12 04:58 India's Dec car sales fall 7 pct - industry (Interactive Investor)
NEW DELHI, Jan 12 (Reuters) - Car sales in India fell 7 percent in December to 82,105 units from a year earlier, an industry body said on Monday, the fifth drop in six months as high borrowing costs, tight credit and a slowing economy weighed on demand. Sales of trucks and buses fell sharply to 17,920 units in December, down 58 percent from a year earlier, the Society of Indian Automobile ...
(Jan 12, 2009)
(AFX UK Focus) 2009-01-12 04:58 India's Dec car sales fall 7 pct - industry (Interactive Investor)
NEW DELHI, Jan 12 (Reuters) - Car sales in India fell 7 percent in December to 82,105 units from a year earlier, an industry body said on Monday, the fifth drop in six months as high borrowing costs, tight credit and a slowing economy weighed on demand. Sales of trucks and buses fell sharply to 17,920 units in December, down 58 percent from a year earlier, the Society of Indian Automobile ...
(Jan 12, 2009)
ZF Steering Announces Shut Down (Nasdaq)
(RTTNews) - ZF Steering Gear India announced that due to continuous recession in automobile industry, particularly in commercial vehicles resulting in poor inflow of orders, poor capacity utilization of the plant and piling up of finished goods inventory, the company decided to shut down its factory as well as office from January 21 to January 27, 2009 both days inclusive.
(Jan 12, 2009)
Auto sales crash to all-time low in Dec (Business Standard India)
The struggling Indian automobile industry today reported yet another worst ever performance with overall domestic sales declining by 18.2 per cent in December 2008, as commercial vehicles and two-wheelers sales crashed heavily.
(Jan 12, 2009)
Auto sales crash to all-time low (rediff.com)
The struggling Indian automobile industry on Monday reported yet another worst ever performance with overall domestic sales declining by 18.2 per cent in December 2008, as commercial vehicles and two-wheelers sales crashed heavily.
(Jan 12, 2009)
(AFX UK Focus) 2009-01-12 08:32 UPDATE 1-India's Dec car sales fall 7 pct - industry (Interactive Investor)
NEW DELHI, Jan 12 (Reuters) - Car sales in India fell 7 percent in December, an industry body said on Monday, the fifth drop in six months as scarce finance and a slowing economy dented demand in the traditionally weak month. Carmakers sold 82,105 units in the month, below the 88,272 sold a year ago, data from the Society of Indian Automobile Manufacturers (SIAM) showed. "(The decline in) two ...
(Jan 12, 2009)
Jump in steel exports helps industry clear stockpiles (Business Standard India)
Price stability in the global market has helped Indian steel manufacturers clear stockpiles through exports, which bounced back in quantity by an impressive 36% in December 2008, though sales realisations remained a big worry for the industry.
(Jan 12, 2009)
China Auto Sales to Grow Least in 11 Years, Industry Group Says (Bloomberg)
Jan. 12 (Bloomberg) -- China vehicles sales may rise about 5 percent this year, the slowest pace since 1998, as a slowing economy and rising job insecurity damps demand, the China Association of Automobile Manufacturers said.
(Jan 12, 2009)
Maserati Quattroporte GT S to go on sale in the spring:
Maserati's latest speed demon, the Quattroporte Sport GT S will go on sale this spring, the company said at the car's debut on Monday at the Detroit auto show.
(Jan 12, 2009)
New Toyota Prius: Bigger, with more power and less weight:
Toyota introduced its third-generation Prius at the Detroit auto show with an extensively re-engineered hybrid drivetrain.
(Jan 12, 2009)
BYD aims to bring electric vehicle to North America by 2011 or 2012:
Chinese firm BYD Auto is aiming to bring at least one electric vehicle to North America by 2011 or 2012, and is considering building an assembly plant in the United States, it said Monday at the Detroit auto show.
(Jan 12, 2009)
NADA Convention to Host 21 Automaker-Dealer Franchise Meetings at Critical Time for Industry (National Autombile Dealers Association)
MCLEAN, Va. (Jan. 12, 2009) – Now that U.S. automakers are receiving emergency bridge loans to weather the economic crisis, attention has shifted to the National Automobile Dealers Association (NADA) Convention & Exposition in New Orleans Jan. 24-27 when dealers will meet face-to-face with their automakers’ top leadership.
(Jan 12, 2009)
Fisker reveals hardtop convertible Karma S concept:
Alongside the production version of the Karma sedan at the Detroit auto show, Fisker debuted the second model to join the Karma range.
(Jan 12, 2009)
Supercar Revenge: GTM-R is revealed in Detroit:
File this under the eye-candy department at the Detroit auto show.
(Jan 12, 2009)
Dacia unionists to march today for keeping of vehicle tax (Nine O'Clock)
The Automobile Dacia Union (SAD) announced that it would organize a meeting today on the lot located in front of the Unions Culture House of Mioveni, according to Realitatea.Net. The unionists will demand that the jobs in the vehicle manufacturing industry be secured, the pollution tax be maintained and the Dacia national brand be protected.
(Jan 12, 2009)
Vehicle sales hit 11-year low in December (Express India)
The automobile industry reported its worst numbers in recent history for December. Poor sales of commercial vehicles and two-wheelers dragged down vehicle sales by 18.2% to 5,97,622 units, from 7,30,603 a year ago.
(Jan 12, 2009)
Tokyo Motor Show may be canceled this year:
The Japan Automobile Manufacturers Association is debating whether to cancel the 2009 Tokyo Motor Show, a JAMA executive said today.
(Jan 12, 2009)
China's auto sales growth hits new low in last 10 years (People's Daily)
Given the impact of the international financial crisis, industry insiders had long given up the hope that China would realize a vehicle sales volume of 10 million in 2008. However, an annual sales growth rate of merely 6.70% was still surprising to many. According to the latest statistics released by the China Association of Automobile Manufacturers on January 12, in 2008 the number of vehicles ...
(Jan 13, 2009)
December auto sales at all-time low of 18 per cent (Business Standard India)
The struggling Indian automobile industry today reported yet another worst ever performance with overall domestic sales declining by 18.2 per cent in December 2008, as commercial vehicles and two-wheelers sales crashed heavily.
(Jan 13, 2009)
Best Western Rewards(SM) Members Can Now Redeem Points for American Automobile Association Membership (PR Newswire via Yahoo! Finance)
Best Western International, the World's Largest Hotel Chain®, and the American Automobile Association , today announced that Best Western Rewards members can now redeem points for membership with AAA.
(Jan 13, 2009)
Tesla to supply drive system for Electric Smart:
Tesla founder and chairman Elon Musk took the occasion of his companys first Detroit show appearance to announce that Tesla will provide components for the Smart Electric.
(Jan 13, 2009)
Dodge Challenger R/T Classic harkens back to '70s muscle:
Dodge is evoking the spirit of the original 1970 Challenger with a special edition car it will introduce later this month.
(Jan 13, 2009)
Merkel warns Obama against state aid to US car industry (EARTHtimes.org)
Berlin - German Chancellor Angela Merkel fired a shot across the bows of incoming US president Barack Obama on Tuesday, warning that Germany would oppose vast subsidies from Washington to the US car industry. She said Berlin would keep any Obama admi...
(Jan 13, 2009)
Lamborghini set sales record despite decline in U.S.:
Lamborghini sales in the United States fell in 2008, but the brand still had a record year worldwide, said president Stephan Winkelmann.
(Jan 13, 2009)
Jaguar: Sales rose 8% in 2008:
Jaguar Cars Ltd., which stopped reporting sales figures after being purchased by India's Tata Motors in June, said global sales rose 8 percent last year while U.S. volume fell.
(Jan 13, 2009)
Audi Sportback is AutoWeeks best of Detroit auto show:
It was a bit tamer this year at the Detroit auto show, but there was still plenty of alluring sheetmetal for enthusiasts to get fired up about. And in the minds of AutoWeek editors, an Audi, two Fords and a Cadillac rose to the top.
(Jan 13, 2009)
Beijing Auto In Talks To Buy Chery Technologies (The Auto Channel)
Shanghai, January 13, 2009: (Gasgoo.com) Beijing Automotive Industry Corp (BAIC) is in negotiations with Chery Automobile to buy two units of Chery's self-developed B-segment car models and related technologies, the Economic Observer reported on Monday, citing informed sources.
(Jan 13, 2009)
GM, Chrysler to skip Tokyo Motor Show: reports (AFP via Yahoo! News)
Struggling US automakers General Motors Corp. and Chrysler LLC are set to skip this year's Tokyo Motor Show as the global slowdown takes a heavy toll on the industry, reports said Wednesday.
(Jan 14, 2009)
Official: Saab can survive (Detroit Free Press)
Saab Automobile, the 61-year-old Swedish carmaker owned by General Motors Corp., will survive an industry slump if it sells attractive models, Sweden's government said, defying GM's view that Saab is artificially kept alive.
(Jan 14, 2009)
Spied: Mercedes-Benz E-Class coupe:
Today were breaking up the winter blahs with some fairly unobstructed shots of the new Mercedes-Benz E-Class coupe due for 2010.
(Jan 14, 2009)
Detroit 3 pull out of Tokyo motor show:
The Detroit 3 automakers have pulled out of this years Tokyo auto show to cut costs.
(Jan 14, 2009)
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