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Auto News 02/2009 (Page 2)
MEMA, OESA Working to Identify Credit Solutions for Parts Supplier Industry (The Auto Channel)
WASHINGTON, Feb. 5, 2009 /PRNewswire-USNewswire/ -- As a result of the ongoing credit crisis and resulting reductions in automobile production, the Motor & Equipment Manufacturers Association (MEMA) and Original Equipment Suppliers Associations (OESA) are exploring options to address the immediate cash needs and longer term viability of the motor vehicle parts supplier industry.
(Feb 5, 2009)
"Automobiles to the Countryside" program to start in March (People's Daily)
The nation's "Automobiles to the Countryside" subsidy program will be formally implemented on March 1. The program will stimulate automobile consumption of at least 1 million vehicles throughout the year, according to automobile industry analysts. Each vehicle sold in the countryside is expected to get a subsidy of 3,000 to 5,000 yuan. The Ministry of Industry and Information Technology (MIIT) ...
(Feb 6, 2009)
Kia MPV concept headed for Geneva motor show:
Kia is bringing its offbeat, spunky styling to the mini-car segment with a concept to be unveiled at the Geneva motor show.
(Feb 6, 2009)
Shelby-Prudhomme Super Snake Ford Mustang takes another chomp:
This isn't a wheels-and-wings, limited-edition Mustang kit.
(Feb 6, 2009)
German Steel Industry With Deepest Order Decline Since WWII (Nasdaq)
DUESSELDORF -(Dow Jones)- The German steel market suffered the deepest downturn since World War II in the fourth quarter of 2008, industry association Wirtschaftsvereinigung Stahl said Friday.
(Feb 6, 2009)
Citroen unveils DS Inside concept:
Citroen on Thursday unveiled the DS Inside concept car ahead of the its scheduled debut at the Geneva auto show in March.
(Feb 6, 2009)
Automobile manufacturers hesitant about investment plans (Vietnam Net)
VietNamNet Bridge – Domestic automobile manufacturers have been wavering between pushing up investment or stopping investment amid unclear market prospects and policies.
(Feb 6, 2009)
SPAIN: Auto industry desperate for aid (just-auto)
This article is locked. You need to be a Full Member of just-auto to view this article. Existing users, please login at the top of the page. Summary: Spain's automobile industry - facing a severe sales and manufacturing contraction - is demanding a new used car trade-in scheme to help it survive the country's worse recession in a decade.
(Feb 6, 2009)
G-Power pushes BMW M5 to 228 mph:
This could be the first speed record broken this year, with plenty more to come.
(Feb 6, 2009)
Alpina to debut B6 GT3 race car at Geneva motor show:
Alpina has been tinkering with BMW vehicles for close to 50 years and has a rich motorsports history that includes campaigns in European touring car, hill climbing, rally and endurance racing that it stepped away from 20 years ago.
(Feb 6, 2009)
Chevrolet Camaro Bumblebee lands at Chicago auto show:
The Chevrolet Camaro has nabbed a starring role in the next Transformers movie, and the silver-screen version will be revealed at the Chicago auto show next week.
(Feb 6, 2009)
German data shows industry in 'ice age' (AFP via Yahoo! News)
German industrial output fell much more than expected in December, economy ministry figures showed on Friday following orders data that pointed to prolonged decline well into 2009.
(Feb 6, 2009)
FACTBOX-Aid packages for automobile industry (The Forex Market)
Feb 6 (Reuters) - Italy's cabinet approved a long-waited decree offering incentives on new car purchases to stimulate spending and revive the recession-bound economy, a government source said.
(Feb 6, 2009)
Audi Q5 headed for U.S. showrooms:
It will take just a bit more than $38,000 to get into Audi's 2009 Q5 all-wheel-drive crossover.
(Feb 6, 2009)
2010 Lexus RX 350 gets $37,625 sticker:
The redesigned 2010 Lexus RX 350 gets a sticker price of $37,625 for the front-drive model, and $39,025 for the all-wheel-drive model. The new RX goes on sale later this month.
(Feb 6, 2009)
Ford Ranger gets rollover control for 2010:
The Ford Ranger pickup will roll into the 2010 model year this summer equipped with the automaker's stability-control system that includes a rollover sensor.
(Feb 6, 2009)
Ford sees more failures among parts suppliers as industry grapples with downturn (MSN Money Canada)
NEW YORK - Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with an unprecedented downturn in automobile sales.
(Feb 6, 2009)
Ford sees more failures among parts suppliers as industry grapples with downturn (Canadian Business)
NEW YORK - Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with
(Feb 7, 2009)
Car industry wants State aid of R10bn (Independent Online)
A senior economist has warned that if the money is not found, there could be severe job losses in the industry.
(Feb 7, 2009)
Car industry wants State aid of R10bn (Pretoria News)
The South African auto industry has asked the government to help it with "at least" R10-billion in loans to tide it over during the coming months of economic crisis.
(Feb 7, 2009)
Car industry wants State aid of R10bn (Cape Argus)
The South African auto industry has asked the government to help it with "at least" R10-billion in loans to tide it over during the coming months of economic crisis.
(Feb 7, 2009)
A Hollywood Sequel for Michigan Workers (New York Times)
A new job program in Michigan is training people to work in the film industry, which is experiencing a huge growth spurt.
(Feb 7, 2009)
Auto industry no longer in driver's seat in D.C. (Denver Post)
Rep. John Dingell of Michigan walked onto a stage across from a "green car" exhibit last week at the Washington Auto Show and was honored as a "true champion of the automotive industry."
(Feb 8, 2009)
A new Buick for a 40-year-old (The Beacon News)
If the American automobile industry is ever going to recover, Detroit is going to have to deliver the goods.
(Feb 8, 2009)
The Economy: Automobile sales flat in January (BusinessWorld Online)
THE LOCAL automotive industry sold roughly the same number of cars in seasonally low January compared to the same month last year, industry data show.
(Feb 8, 2009)
Vehicle Suppliers Association, MEMA / OESA, Engages Ducker Worldwide as Advisor (The Auto Channel)
TROY, Mich., February 8, 2009: As a result of the ongoing credit crisis and resulting reductions in automobile production, the Motor & Equipment Manufacturers Association (MEMA) and Original Equipment Suppliers Association (OESA) are exploring options to address the immediate cash needs and longer term viability of the motor vehicle parts supplier industry.
(Feb 8, 2009)
Govt should help auto part makers weather the storm (The Economic Times)
A key challenge facing the Indian automobile industry is enabling component MSMEs to achieve competitiveness in the fast-changing scenario.
(Feb 8, 2009)
'Barn find' 1937 Bugatti Type 57S sells for $4.4 million at Paris auction:
A 1937 Bugatti Type 57S Atalante Coupe that was discovered in a U.K. garage has sold for about $4.4 million at auction.
(Feb 8, 2009)
Automakers shift into high gear (China Daily)
Automobile companies are shifting into high gear and driving into the revved up car market in China in a bid to escape the financial tsunami that has knocked the wind out of the sails of the industry.
(Feb 9, 2009)
India's Jan car sales fall 3.2 pct - industry (Reuters via Yahoo! Philippines News)
NEW DELHI, Feb 9 (Reuters) - Car sales in India fell 3.2 percent in January to 110,212 units from a year earlier, an industry body said on Monday, the sixth drop in seven months with economic uncertainties and tight credit weighing on demand.
(Feb 9, 2009)
Chicago auto show: Ford Transit Connect van targets businesses:
The demise of the Freestar (more commonly remembered as the Windstar) minivan left Ford without a small cargo carrier it could pitch to business and fleet customers who didn't need the hugeness of the E-series van.
(Feb 9, 2009)
(AFX UK Focus) 2009-02-09 04:30 India's Jan car sales fall 3.2 pct - industry (Interactive Investor)
NEW DELHI, Feb 9 (Reuters) - Car sales in India fell 3.2 percent in January to 110,212 units from a year earlier, an industry body said on Monday, the sixth drop in seven months with economic uncertainties and tight credit weighing on demand. Sales of trucks and buses fell an annual 51 percent to 23,157 units, data from the Society of Indian Automobile Manufacturers showed.
(Feb 9, 2009)
(AFX UK Focus) 2009-02-09 04:30 India's Jan car sales fall 3.2 pct - industry (Interactive Investor)
NEW DELHI, Feb 9 (Reuters) - Car sales in India fell 3.2 percent in January to 110,212 units from a year earlier, an industry body said on Monday, the sixth drop in seven months with economic uncertainties and tight credit weighing on demand. Sales of trucks and buses fell an annual 51 percent to 23,157 units, data from the Society of Indian Automobile Manufacturers showed.
(Feb 9, 2009)
South Africa: Motor Industry Says It Needs Billions (AllAfrica.com)
Johannesburg — BROADLY hinting at support, President Kgalema Motlanthe on Friday reassured the country's stricken sectors, believed to include the motor industry, that the government is prepared to come to their rescue.
(Feb 9, 2009)
Bob Lutz to step down as product chief at General Motors:
Bob Lutz, the charismatic industry veteran General Motors hired in 2001 to lead an overhaul of its product lineup, is stepping down as GMs vice chairman and global product guru and will retire at the end of this year.
(Feb 9, 2009)
Detroit auto show buzz may bring life to Kia Soul'ster:
The Kia Soul'ster, considered as purely a concept vehicle for last month's Detroit auto show, now is a candidate for production.
(Feb 9, 2009)
Mini electric test delayed by surge of applicants:
Mini USA is taking longer than expected to select 450 lessees for its electric car because of the deluge of about 1,800 applicants.
(Feb 9, 2009)
Nissan to slash jobs, production after forecasting $2.9 billion loss:
Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday.
(Feb 9, 2009)
GM's white(-haired) knight of product pizazz: Bob Lutz came out of retirement and put life back into a sagging lineup
Editor's note: This story comes from 100 Years: How General Motors Changed the World, published by Automotive News to commemorate the 100th anniversary of GM.
(Feb 9, 2009)
Scion tC Release Series 5.0 to debut at Chicago auto show:
To the surprise of no one, Scion will debut another limited-edition model at the Chicago auto show. This time, well see the tC Release Series 5.0 that will feature parts from the companys TRD accessory catalog.
(Feb 9, 2009)
Why we love Maximum Bob: A column by Dutch Mandel: Lutz shifts retirement into drive
In announcing that he will leave General Motors at the end of this year, product czar Bob Lutz bows out gracefully and elegantly and does it in the style that forged his legend.
(Feb 9, 2009)
Ford sees more failures among parts suppliers (Autonet.ca)
Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with an unprecedented downturn in automobile sales.
(Feb 9, 2009)
Research and Markets: '2009 Worldwide Automobile Parts & Supplies Wholesales Report' Features 2009 Current and 2010 ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "2009 Worldwide Automobile Parts & Supplies Wholesales Report" report to their offering.
(Feb 9, 2009)
FACTBOX-Aid packages for automobile industry (The Forex Market)
Feb 9 (Reuters) - France is set to unveil details of a plan to support its ailing car industry later on Monday, as both Renault and PSA Peugeot Citroen are set to announce weak 2008 results later this week.
(Feb 9, 2009)
Bob Lutz on his product legacy: 'Good enough' isn't enough:
Bob Lutz, General Motors' vice chairman of product development, spoke to Automotive News Staff Reporter Jamie LaReau today after GM announced Lutz will retire this year at the age of 77. Edited excerpts:
(Feb 9, 2009)
Research and Markets: '2009 Worldwide Automobile Parts & Supplies Wholesales Report' Features 2009 Current and 2010 ... (The Auto Channel)
DUBLIN, Ireland-- Research and Markets (http://www.researchandmarkets.co has announced the addition of the "2009 Worldwide Automobile Parts & Supplies Wholesales Report" report to their offering.
(Feb 9, 2009)
Ford F-150 gets Harley-Davidson treatment :
Ford and Harley-Davidson are continuing their marriage made in hog heaven with a biker-inspired version of the new F-150.
(Feb 9, 2009)
Ford F-150 gets Harley-Davidson treatment at Chicago auto show:
Ford and Harley-Davidson are continuing their marriage made in hog heaven with a biker-inspired version of the new F-150 to be revealed Wednesday at the Chicago auto show.
(Feb 9, 2009)
Aid packages for automobile industry (Reuters via Yahoo! UK & Ireland News)
France pledged support for its ailing car makers on Monday by promising loans of 3 billion euros (2.6 billion pounds) each for PSA Peugeot Citroen and Renault .
(Feb 9, 2009)
(AFX UK Focus) 2009-02-09 19:13 FACTBOX-Aid packages for automobile industry (Interactive Investor)
Feb 9 (Reuters) - France pledged support for its ailing car makers on Monday by promising loans of 3 billion euros ($3.89 billion) each for PSA Peugeot Citroen and Renault . Here are some details about recent aid packages for the shattered auto industry:
(Feb 9, 2009)
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