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Auto News 02/2009 (Page 3)
Ford may shutter part of Claycomo plant by 2011, analyst says (BizJournals)
An automotive industry analyst said Ford Motor Co. could be considering shuttering the automobile side of its Kansas City Assembly Plant in Claycomo by 2011. (F)
(Feb 10, 2009)
Auto Industry Seeks Interest Rate Cut (Nasdaq)
(RTTNews) - The automobile industry is heading from bad to worse due to prevailing high interest rates.
(Feb 10, 2009)
China auto sales overtake US in January (AP via Yahoo! Finance)
China's auto sales overtook the U.S. in January for the first time, the country's car industry association says. The China Association of Automobile Manufacturers reports 735,000 vehicles were sold in January, surpassing the 656,976 vehicles sold in the U.S. market.
(Feb 10, 2009)
GM to cut 14% of global salaried workforce this year: Automaker also will trim executive pay by 10%
General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain.
(Feb 10, 2009)
Mini John Cooper Works convertible set for Geneva motor show:
Here's math we actually like: Mini. Plus John Cooper Works performance. Plus convertible. Put away the graphing calculators. The answer is an even better driving experience for enthusiasts.
(Feb 10, 2009)
BOE King To Meet UKTI's Davies On Car Industry Fin Next Week (Nasdaq)
LONDON -(Dow Jones)- Bank of England Governor Mervyn King and U.K. Minister for Trade and Investment Mervyn Davies will meet next week to discuss financing support for the U.K. car industry, a government spokesperson said Tuesday.
(Feb 10, 2009)
Wolfgang Bernhard returns to Daimler:
Wolfgang Bernhard, the hard-driving executive who was forced out of Volkswagen and DaimlerChrysler, has rejoined Daimler to be the head of its Mercedes-Benz van group. He starts the job on April 1.
(Feb 10, 2009)
French Auto-Industry Aid Plan Problematic, Sweden’s Borg Says (Bloomberg)
Feb. 10 (Bloomberg) -- French aid to the auto industry came under fresh criticism as Sweden’s finance minister said a plan to provide loans at a preferred rate to France’s biggest carmakers likely will disrupt competition in the European Union.
(Feb 10, 2009)
Chicago auto show: Subaru unveils special Travis Pastrana WRX STI:
In celebration of Travis Pastrana's third-consecutive Rally America National Championship title, Subaru commissioned a custom WRX STI for its factory team driver. Pastrana's new street car will debut at the Chicago auto show.
(Feb 10, 2009)
Chicago auto show: Ford Taurus SHO--the legend lives again:
Ford is taking the cover off what may be the ultimate stealth-mobile at the Chicago auto show: the understated 2010 Taurus SHO.
(Feb 10, 2009)
Brazil's automobile production shows January increase 10th February 2009 (Platinum today)
Newly-released figures which show automobile production is on the rise point to a recovery in the country's car industry. According to Anfavea, the national automakers' association, automobile production increased for the first time in six months during January.
(Feb 10, 2009)
Nissan reveals factory-customized Cube Krom at Chicago auto show:
When the 2009 Cube arrives at dealers in May, Nissan will offer more than 40 accessories.
(Feb 10, 2009)
Heavy-duty Dodge Rams roll in for Chicago auto show reveal:
Chrysler completes the overhaul of its Dodge Ram pickup lineup by taking the wraps off the new 2010 heavy-duty 2500 and 3500 models at the Chicago auto show.
(Feb 10, 2009)
China automobile sales zoom past US (China Daily)
China has for the first time topped the US in automobile sales last month, as a series of industry and market support measures adopted by the government have begun to take effect.
(Feb 11, 2009)
Auto Service Industry Sees Increase In Business (WISC-TV Madison)
MADISON, Wis. -- As the auto industry is struggling to recover from the slowing economy, those who fix automobiles are seeing a huge increase in business.
(Feb 11, 2009)
Kia brings new Forte compact sedan to Chicago auto show:
With the Spectra riding off into the sunset after 2009, Kia introduced its replacement, the 2010 Forte, at the Chicago auto show.
(Feb 11, 2009)
Renault Chief Begs EU for Extra Car Industry Cash (Novinite.com)
The CEO of Renault SA, Carlos Ghosn, suggested late Tuesday that the European Union should be prepared to quadruple loans for the car industry this year to EUR 15 B because of the economic slump, Bloomberg reported.
(Feb 11, 2009)
Chinese auto industry's inventory drops to lowest level in 13 months (People's Daily)
According to reports by the "China Securities Journal," effects of policies including the fuel tax reform and the purchase tax of low-displacement cars being cut by half began to show in January this year as the inventory of China's auto industry dropped to its lowest level in 13 months. Among which inventory of passenger vehicles dropped by over 80,000 units compared with the previous month. ...
(Feb 11, 2009)
Saab to debut small 9-3X crossover at Geneva motor show:
At next month's Geneva motor show, Saab looks to provide a right-sized crossover with the introduction of the 2010 9-3X.
(Feb 11, 2009)
ACEA wants EU to step up aid for car manufacturers (AM Online)
The European automobile industry’s trade association (ACEA) has urged the European Union to intensify and coordinate efforts to restore the functioning of the financial market.
(Feb 11, 2009)
Hyundai Genesis Coupe R-Spec races in to the Chicago auto show:
If there were any doubts about the 2010 Genesis coupe being the new leader in performance value, Hyundai is erasing those with the introduction of the R-Spec trim.
(Feb 11, 2009)
Hyundai taps Rhys Millen Racing to head motorsports programs:
When we saw Rhys Millen during a shakedown run of his Genesis coupe SEMA car last fall, he was without factory backing for the 2009 race season.
(Feb 11, 2009)
New V6 model joins Acura TSX range at Chicago auto show:
It used to be that you could have any engine in your Acura TSX as long as it was a 2.4-liter four-cylinder. At least that was the case until the debut of the TSX V6 at the Chicago auto show.
(Feb 11, 2009)
Chicago auto show: Lexus grows its F-Sport Performance line:
Last spring, Lexus launched its F-Sport Performance Accessory line on the IS 350 and IS 250. On Wednesday it announced the addition of parts in support of the GS, IS 250 all-wheel-drive and new IS C convertible models at the Chicago auto show.
(Feb 11, 2009)
Updated 2010 Toyota Tundra bows at Chicago auto show:
Toyota uncovered a freshened 2010 Tundra on Wednesday at the Chicago auto show. Among the improvements are a new Platinum package, updated appearance and new 4.6-liter V8 engine option.
(Feb 11, 2009)
Nissan previews Qazana small crossover concept ahead of Geneva show debut:
A teaser image of the Nissan Qazana concept, which makes its world debut at the Geneva motor show, was released on Wednesday.
(Feb 11, 2009)
Limited-edition Maybach Zeppelin set for Geneva motor show reveal:
For Maybach's latest limited edition, the ultra-luxury carmaker revives another nameplate from its past.
(Feb 11, 2009)
Ford says industry sales stabilizing (AP via Yahoo! News)
An executive at Ford Motor Co. said the nation's automobile industry is beginning to stabilize, after months of freefalling sales which have threatened the viability of some of the sector's biggest players.
(Feb 11, 2009)
Ford, GM execs see auto industry sales stabilizing (San Francisco Chronicle)
Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players. Jim Farley, Ford Motor Co.'s global...
(Feb 11, 2009)
Ford Says Auto Industry Sales Stabilizing (Manufacturing.net)
Automaker?s global marketing chief said Wednesday that the nation's automobile industry is beginning to stabilize after months of freefalling sales.
(Feb 11, 2009)
Ford, GM execs see auto industry sales stabilizing (AP via Yahoo! News)
Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players.
(Feb 11, 2009)
Corvette Stingray concept revealed at Chicago auto show:
The Corvette Stingray is back for an encore performance, but unfortunately for enthusiasts it's only in the movies.
(Feb 11, 2009)
Ford, GM execs see auto industry sales stabilizing (AP via Yahoo! Finance)
Auto industry executives are seeing signs that the U.S. automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players.
(Feb 11, 2009)
Ford, GM execs see auto industry sales stabilizing (The Salt Lake Tribune)
Chicago » Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players.
(Feb 12, 2009)
Auto industry is showing signs of stability after a free fall (Colorado Springs Gazette)
CHICAGO • Auto industry executives are seeing signs that the nation's automobile industry has begun to stabilize after months of free-falling sales that have threatened the viability of some of the sector's biggest players.
(Feb 12, 2009)
Auto industry starting to stabilize, executives say (The Kansas City Star)
CHICAGO | Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales.
(Feb 12, 2009)
THE UK CORNER: MIDEM continues to be the Mecca for the music industry. (Eurweb)
*The 43rd Music industry tradeshow, MIDEM, was no less an event for the diary than the first. The world renown event saw 8000 music professionals representing from over 80 countries descend on the Palais des Festivals in Cannes taking every plane, train or automobile seat going.
(Feb 12, 2009)
Nissan ads stray from focus on price:
Nissan North America will stray from the discount-deal marketing pitch adopted late last year when a sinking economy kept consumers away from U.S. dealerships.
(Feb 12, 2009)
Porsche Panamera cockpit exposed prior to auto show debut:
Porsche continued its slow striptease reveal of the Panamera sedan on Thursday with the release of photos of the interior.
(Feb 12, 2009)
Volkswagen teases with sketch of new sedan for Tennessee factory:
Volkswagen AG on Thursday released a sketch of the mid-sized sedan that will be built at VW's factory now under construction in Chattanooga, Tenn.
(Feb 12, 2009)
Congress scales back tax break for car buyers:
A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill.
(Feb 12, 2009)
Tesla teases Model S prior to debut:
Prior to its world debut on March 26, Tesla has decided to whet the appetites of green-car fans by releasing a teaser image of its upcoming Model S sedan.
(Feb 12, 2009)
Faster Gumpert Apollo model to debut in Geneva:
They may not be lookers, but there is no denying the performance credentials of Roland Gumpert's Apollo sports cars.
(Feb 12, 2009)
Sources: GM in talks with two potential buyers of Hummer:
General Motors is in talks with two potential buyers of its Hummer brand as the automaker continues to sell assets to raise cash, said two sources familiar with the matter.
(Feb 12, 2009)
BMW Art Cars back on parade:
They won't be racing but BMW's famous Art Cars will be back on display. The Los Angeles County Museum of Art will feature four of BMW's 16 art cars until Feb. 24.
(Feb 12, 2009)
Ford, GM execs see auto industry sales stabilizing (Seattle Times)
Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players.
(Feb 12, 2009)
Chrysler, Nissan postpone plans to share two vehicles:
Chrysler LLC and Nissan Motor Co. have postponed plans to share a North American-built small car and a full-sized pickup until they can reduce costs.
(Feb 13, 2009)
BMW 5-series GT: Don't call this concept an MPV:
BMW's desire to compete in every conceivable luxury-market niche has moved up a gear with the unveiling of the 5-series GT, a car known until now by its working title, the Progressive Activity Sedan (PAS).
(Feb 13, 2009)
SUMMARY: Oil industry promised little, much demanded (Interfax)
MOSCOW. Feb 13 (Interfax) - Many industry watchers were billing the conference on the Russian oil industry's difficulties that took place in Kirishi on February 12 as the moment of truth.
(Feb 13, 2009)
BMW promises (even) more details on 7-series, Mini convertible soon:
The BMW Group is promising us "detailed information" next week on the fifth-generation 7-series and the Mini convertible.
(Feb 13, 2009)
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