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Auto News 03/2009 (Page 6)
Good times will return to the auto industry (Detroit News)
WASHINGTON -- I am looking for light at the end of a long and exceptionally dark tunnel. Finding it isn't easy, as indicated by last month's 41.4 percent drop in U.S.-market new-vehicle sales. That was the lowest February posting since 1976, when the automobile industry began reporting monthly sales numbers in the United States.
(Mar 28, 2009)
General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson :
Watch President Obama's speech on the auto industry bailout at 11 a.m. EDT at www.c-span.org
(Mar 29, 2009)
Wind industry expects its slowdown to be only temporary (McClatchy Newspapers via Yahoo! News)
WALLED LAKE, Mich. — Michael and Sharon Medwid did what other family businesses are trying around the country: They invested in a new shop and machinery to build parts for wind turbines and to reap the benefits of America's expansion of wind energy. Then the recession clobbered them.
(Mar 29, 2009)
TRENTON: Automotive Hall of Fame employee to discuss locally produced car (The News-Herald)
TRENTON — The roots of the region are rich in the automobile industry.
(Mar 29, 2009)
General Motors CEO Rick Wagoner to quit, reports say:
General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said.
(Mar 29, 2009)
URGENT ¥¥¥ Japan auto output down 56.2 percent in Feb: industry (TODAYonline)
Automobile production in Japan dropped 56.2 percent in February from a year earlier, falling for five straight months as the global recession batters the sector, an industry body said Monday.
(Mar 30, 2009)
Japan auto output down 56.2% in Feb—industry (Philippine Daily Inquirer)
Automobile production in Japan dropped 56.2 percent in February from a year earlier, falling for a fifth straight month as the global recession batters the sector, an industry body said Monday.
(Mar 30, 2009)
Factory And Auto Towns Shift Gears (NPR)
Some of the hardest-hit communities in this recession are the towns and cities that have lost jobs in the automobile industry — or worse, saw an entire auto plant close. It's a predicament the steel towns around Pittsburgh know well.
(Mar 30, 2009)
GM boss goes as industry sweats on Obama plan (The West Australian)
President Barack Obama was due to unveil on Monday his plan for troubled US automobile companies as he stepped up pressure on the industry by forcing General Motors head Rick Wagoner to resign. GM co
(Mar 30, 2009)
Replacement for Hyundai Tiburon to be smaller, less expensive:
The successor to the Hyundai Tiburon will be a smaller and less expensive car, the company says.
(Mar 30, 2009)
Chrysler's survival boils down to a deal with Fiat:
For Chrysler LLC, survival has come down to a single option: successfully working out an alliance with Fiat S.p.A.
(Mar 30, 2009)
Acura's new crossover to wear ZDX name, set to debut at New York show:
Acuras forthcoming luxury crossover will wear the ZDX name, the automaker said Monday. It will unveil a concept version of the ZDX at the New York auto show on April 8.
(Mar 30, 2009)
SE Asia Stocks-Major markets at 1-week low after US car news (The Malaysian Insider)
BANGKOK, March 30 - Major Southeast Asian stock markets fell to a one-week low today amid crisis in the US automobile industry, with Singapore leading the losses. Markets across Asia slumped after a US task force rejected turnaround plans for auto makers GM and Chrysler. Analysts said the news raised concern over the economic outlook in the United States and about the prospect for exports from ...
(Mar 30, 2009)
2009 Dodge Challenger gets new Rallye package:
Its a stripper car with stripes, but the Rallye package offers Mopar enthusiasts some moxie on the base Challenger.
(Mar 30, 2009)
U.S. will guarantee GM, Chrysler warranties, Obama says:
In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on...
(Mar 30, 2009)
Analysis: An unprecedented government intervention in industry (San Jose Mercury News)
As an assertion of government control over a huge swath of the industrial landscape, President Barack Obama's decision to reshape the automobile industry has few precedents. Vote : Do you agree with Obama's conditions? Economic crisis news | Auto news
(Mar 31, 2009)
Subaru Legacy gets power boost, rakish design for 2010:
Subaru is cutting a new version of its long-running hit sedan, the Legacy, due in showrooms this summer.
(Mar 31, 2009)
Ford follows Hyundai with payment protection plan:
Ford Motor Co., taking a cue from Asian rival Hyundai Motor, is offering to make car payments for buyers who lose their jobs.
(Mar 31, 2009)
Obama expands government's role in auto industry (AP via Yahoo! News)
President Barack Obama's extraordinary auto industry intervention is assertive and coldly pragmatic, with a dose of caution and a sentimental nod to the automobile's place in the American psyche.
(Mar 31, 2009)
Al-Futtaim partners with leading banks to stimulate UAE automobile market (MENAFN)
Al-Futtaim partners with leading banks to stimulate UAE automobile market
(Mar 31, 2009)
GM, Ford roll out protection plans for car buyers:
General Motors is following Hyundai and Ford in offering protection for car buyers who lose their jobs.
(Mar 31, 2009)
Obama's Moves Signal Major Auto Industry Realignment (TheStreet.com)
President Barack Obama's rejection of the restructuring plans of General Motors and Chrysler set the stage for a major realignment of the U.S. auto industry.
(Mar 31, 2009)
For U.S. and Carmakers, a Path Strewn With Pitfalls (New York Times)
As an assertion of government control over a huge swath of the industrial landscape, President Obama’s decision to reshape the automobile industry has few precedents.
(Mar 31, 2009)
Putin buys Russian car to save home industry from decline (Pravda)
Russia’s Prime Minister Vladimir Putin decided to personally support the Russian automobile production, Interfax reports. Putin told reporters that he had recently purchased a Niva vehicle of Russia’s AvtoVAZ giant.
(Mar 31, 2009)
Amid talk of confidence in U.S. auto industry, what does the administration drive? (Pioneer Press)
With President Barack Obama showing the ailing U.S. auto industry some tough love Monday, POLITICO wondered — what's in the driveways of White House aides? A lot of foreign cars, as it turns out.
(Mar 31, 2009)
Cypress Software Systems Adds New NADA Used Car Guide Trade-In Values to its Automobile Valuation Interface Module for ... (Business Wire via Yahoo! Finance)
NORTH RICHLAND HILLS, Texas----Cypress Software Systems, LP has incorporated two recently announced trade-in value categories from the NADA Used Car Guide for its Mark IV Automobile Valuation Interface Module.
(Mar 31, 2009)
The AutoWeek List: 10 cars with too many limited editions :
Theres nothing like a limited edition to strike up interest for a car. Many are nothing more than a new paint job, interior trim and an engraved plaque, while others are a bit slicker with performance modifications.
(Mar 31, 2009)
Obama and auto industry take a risky road (San Francisco Chronicle)
As an assertion of government control over a huge swath of the industrial landscape, President Obama's decision to reshape the automobile industry has few precedents. In essentially taking command of General Motors and telling Chrysler to merge with a foreign... Presented By: State of Play in Theaters April 17th In a conspiracy keep your friends close and your enemies closer. Click to Learn More ...
(Mar 31, 2009)
Hennessey fills Z28 Camaro void with 562-hp HPE550:
The 6.2-liter V8 in the 2010 Chevrolet Camaro SS cranks out 426 hp or 400 hp, depending on the transmission choice.
(Mar 31, 2009)
DOL announces grant exceeding $8 million to assist workers in Ohio affected by recent automobile industry layoffs ... (U.S. Department of Labor)
The U.S. Department of Labor today announced an $8,342,254 grant to assist approximately 2,428 workers affected by layoffs at the General Motors Corp. truck assembly plant in Moraine, the Chrysler north assembly plant in Toledo, the GM Lordstown plant in Warren and 12 other supplier companies located in Ohio.
(Mar 31, 2009)
Cash for clunkers: Is it ready for prime time in America?:
One proposed solution to prop up new-car sales in the United States involves paying bonuses to owners of older vehicles who send their cars to the scrapyard and buy new ones.
(Mar 31, 2009)
Extreme class: Mercedes-Benz unveils 2010 E63 AMG:
Mercedes-Benz's AMG performance division chief, Volker Mornhinweg, offers this procedure for those who want to get the most out of the all-new 2010 E63 AMG:
(Mar 31, 2009)
Canada should follow U.S. in backing new car warranties: auto industry (The Canadian Press via Yahoo! Canada News)
TORONTO - President Barack Obama's announcement that the U.S. government will immediately begin backing warranties on new cars won't do much to stimulate sales but the Canadian government should still follow his lead, industry players say.
(Mar 31, 2009)
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