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Auto News 05/2009 (Page 2)
Beijing Auto in talks to buy Lifan: report (The Auto Channel)
Shanghai, May 5 (Gasgoo.com) Chinese automaker Beijing Automotive Industry Co is in talks to acquire Chongqing Lifan Automobile Co, Lifan Group's auto making subsidiary, the Economic Observer reported Tuesday, citing people familiar with the deal.
(May 5, 2009)
April sales rosy for carmakers (China Daily)
China's automobile market has emerged from the shadow of the global financial crisis and the industry downturn, as the government's stimulus measures have borne fruit, said industry analysts.
(May 6, 2009)
China Stocks Rise for Fifth Day, Led by Carmakers as Sales Gain (Bloomberg)
May 6 (Bloomberg) -- China’s stocks rose for a fifth day, led by automakers after Chongqing Changan Automobile Co. said sales increased 50 percent last month, raising optimism domestic spending is rebounding.
(May 6, 2009)
Ferrari black: Prancing Horse turns a profit in first quarter:
Ferrari racers have always worn red. But black has been the standard-bearer for the company so far this year, as the Prancing Horse turned a $72 million trading profit in the first quarter.
(May 6, 2009)
Ford overhauls Michigan plant to build new Focus:
Ford will spend $550 million to retool an assembly plant in suburban Detroit to build the redesigned 2011 Ford Focus.
(May 6, 2009)
GM's Henderson: Corvette's future is secure:
The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs.
(May 6, 2009)
NEWS BRAKE: Wednesday, May 6:
In today's News Brake: GM CEO Fritz Henderson talks about filling out the Chevrolet lineup; GM stockholders are about to see the value drop to 1 penny per share; and Ford's small car plans come into Focus ... But Wait, There's More!
(May 6, 2009)
From cars to cancer: Researcher employs auto industry tools for tumor therapy (PhysOrg)
An effort is under way at the University of Houston to use technologies with origins in the automobile industry to develop new tools that will help doctors and technicians better plan radiation therapy for patients with head and neck cancer.
(May 6, 2009)
Porsche, VW to put all brands under one roof:
The Porsche and Piech families, owners of automaker Porsche and controller of Volkswagen, said on Tuesday that they will create a management unit to oversee all 10 of their auto brands.
(May 6, 2009)
Don’t Let the Auto Industry Become Collateral Damage to the Credit Crisis (Business Fleet)
GM, Ford, and Chrysler will testify Dec. 5 before the House Financial Services Committee in an effort to secure a $25 billion emergency bridge loan. It is imperative that this emergency funding be approved. Failure to do so will have negative repercussions to the fleet management industry. Here's why.
(May 6, 2009)
Ferrari opens first British retail store:
Ferrari fans will want to do a hot lap to London, where the first British store selling Prancing Horse paraphernalia opened Wednesday with a ribbon-cutting by Formula One driver Kimi Räikkönen.
(May 6, 2009)
Reports say Renault-Nissan, Geely interested in GM brands:
Interest appears to be heating up for two brands that General Motors is trying to shed.
(May 6, 2009)
Chrysler offers up to $6,000 in incentives on some cars:
If consumers can overcome the connotations that ride shotgun with buying a new car from an automaker in bankruptcy, there are some deals to be had on Chrysler vehicles.
(May 6, 2009)
Car industry science aids cancer therapy (UPI)
HOUSTON, May 6 (UPI) -- University of Houston scientists say they are developing technologies with origins in the automobile industry to aid in head and neck cancer therapies.
(May 6, 2009)
BMW Bets Car Buyers Will Pay a Premium for Independence (New York Times)
The quest for scale that now obsesses the global automobile industry does not impress executives at BMW.
(May 6, 2009)
Car industry science aids cancer therapy (redOrbit)
University of Houston scientists say they are developing technologies with origins in the automobile industry to aid in head and neck cancer therapies. Associate Professor Ali Kamrani, a former auto industry researcher, and Lei Dong, an assistant professor at the University of Texas are developing predictive models of tumors that they said will hopefully increase the accuracy of radiation ...
(May 7, 2009)
GM posts $6 billion loss, burns $10.2 billion in cash as sales fall:
General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged.
(May 7, 2009)
Hired! Finding work in the auto industry (CNN Money)
In the middle of all the Big Three bankruptcy chatter and auto plant closings, Margaret McManus stands out. She just got a job at an auto supplier in Georgia.
(May 7, 2009)
Camaro plant gets more work; recall issued:
The strong early demand for the Chevrolet Camaro has General Motors looking to crank more units out of the Oshawa, Ontario, assembly plant.
(May 7, 2009)
BMW bets car buyers will pay a premium for independence (The Malaysian Insider)
MUNICH, May 7 – The quest for scale that now obsesses the global automobile industry does not impress executives at BMW. Known for its iconic blue-and-white logo and an engineering emphasis on sports-car-like drivability, BMW, the German luxury automaker, is placing a premium on maintaining its independence during the most painful economic downturn in decades, even as companies like Fiat and ...
(May 7, 2009)
NEWS BRAKE: Thursday, May 7:
In today's News Brake: As part of an exclusive interview with AutoWeek, GM CEO Fritz Henderson talks about an opening for a small car in the Cadillac or Buick lineup; demand for the Camaro prompts GM to add to the work schedule at the...
(May 7, 2009)
Research and Markets: 2009 U.S. Industrial Design Services Industry Report - Timely and Accurate Industry Statistics, ... (Business Wire via Yahoo! Finance)
DUBLIN----Research and Markets has announced the addition of the "2009 U.S. Industrial Design Services Industry Report" report to their offering.
(May 7, 2009)
UH Professor Employs Auto Industry Tools For Tumor Therapy (Medical News Today)
An effort is under way at the University of Houston to use technologies with origins in the automobile industry to develop new tools that will help doctors and technicians better plan radiation therapy for patients with head and neck cancer. Dr. Ali Kamrani, founding director of the Design and Free Form Fabrication Laboratory at UH and a former auto industry researcher, is teaming up with Dr.
(May 7, 2009)
GM Aims To Reinvent the Automobile With Help of Academia (Edmunds.com)
ANN ARBOR, Michigan — In what sounds like the closest step yet to a Manhattan Project for the auto industry, General Motors and the University of Michigan on Thursday announced the formation of the Institute of Automotive Research and Education.
(May 7, 2009)
Chevy Volt, other key GM vehicles remain on track, new product boss says:
The Chevrolet Volt remains on track to hit the market in late 2010--and General Motors is still going to invest in developing key products--despite its financial troubles, a top executive said Thursday.
(May 7, 2009)
"Zero emission" vehicles enter a period of "decisive battle" (People's Daily)
Ten years ago when Opel, a subsidiary of US-based General Motors, and the German Mercedes-Benz and BMW Group, were interviewed, the conclusion arrived at was that "zero emission" vehicles (including electric vehicles and fuel cell vehicles) were a direction for the global automobile industry to develop in the future, with bulk production not due to commence until between 2025 and 2030. However, ...
(May 8, 2009)
Automobile theft declining: Report (Portage Daily Graphic)
OTTAWA — Federal officials delivered fresh assurances that ham, ribs and pork chops are safe to eat. As many countries ban pork and pig imports and market prices tumble, Agriculture Minister Gerry Ritz showed support for the industry by serving a barbecue pork lunch on Parliament Hill.[...]
(May 8, 2009)
GM throttles back on performance cars for 2010:
It should not be a surprise, as General Motors scrambles to cut costs and cars sit unsold on dealers' lots, that the automaker is cutting high-performance versions of several vehicles for the 2010 model year.
(May 8, 2009)
Congress must protect Big 3 (Daily Record)
Congress needs to make sure that the U.S. automobile industry survives this massive downturn in automobile demand based on the credit crisis and recession.
(May 8, 2009)
A 75th birthday for the '34 Ford:
Two years ago, the hot-rodding world pulled out all the stops to celebrate the diamond jubilee of the iconic 1932 Ford, the hot-rodder's hot rod.
(May 8, 2009)
China vehicle sales hit monthly high of 1.15 mln (AP via Yahoo! News)
China's vehicle sales jumped 25 percent in April from the year before to a record monthly high of 1.15 million units, according to industry figures released Friday.
(May 8, 2009)
China vehicle sales hit monthly high of 1.15 mln (San Francisco Chronicle)
China's vehicle sales jumped 25 percent in April from the year before to a record monthly high of 1.15 million units, according to industry figures released Friday. Passenger car sales surged 37 percent over a year earlier to 831,000, outpacing U.S. sales in... Related: China - Automobile - United States - Passenger car - Business
(May 8, 2009)
NEWS BRAKE: Friday, May 8, 2009:
In today's News Brake: General Motors will be putting fewer performance cars on the street; Toyota sees red in its earnings report, too; and Sergio Marchionne tells the German government that he is its best option for Opel ... But Wait, There's More!
(May 8, 2009)
GMs Henderson: Look out for Chevy :
New entries will fortify Chevrolet as a competitive, top-quality brand in the next two years, General Motors chief executive Fritz Henderson says.
(May 8, 2009)
Jesse James readies new stunt TV show:
Im not doing this for respect. Im doing this because Im dumb.
(May 8, 2009)
Caution Flags Raised Over Ethanol Industry?s 15% Solution (New York Times)
The E.P.A. will decide this year whether to grant the ethanol industry?s request to raise the maximum amount of ethanol that can be added to gasoline.
(May 8, 2009)
Chrysler Airflows to cross block at Michigan auction this summer:
Two vintage Chrysler Airflows are among the early headliners for the auction on the eve of the Meadow Brook concours this summer in Michigan.
(May 8, 2009)
Rell Protects Little Auto From Big (NBC Connecticut)
The automobile industry has taken a wallop in this economy and while consumers are hurting, some local dealerships are taken a beating so bad that they need the Midas touch -- the car place, not the guy...
(May 8, 2009)
Penske considers making bid for Saturn (Fox Sports)
Roger Penske says he is contemplating a bid for the Saturn automotive brand that General Motors Corp. plans to sell or shut down. While Penske has not yet made an offer, he said Friday a decision would have to come soon and that a number of unidentified details need to be worked out. Penske has a vested interest in the automotive industry. He owns the second-largest U.S. automobile retail chain ...
(May 8, 2009)
The Plight of Auto Dealerships (Nightly Business Report)
For months now, the troubled U.S. auto industry has been making headlines. While most of the industry is concentrated in the Midwest, its tentacles reach far and wide. Next week in Washington, Congress and President Obama's auto task force will be getting a visit from domestic auto dealers from across the U.S. The National Automobile Dealers Association is sponsoring the fly-in to lobby against ...
(May 8, 2009)
Industry insider: Market skeptical about Punta Colonet tender - Mexico (Business News Americas)
Repeated deadline extensions are causing Mexican and international investors to doubt that the federal government's flagship project, the 50bn-peso (US$3.82bn) Punta Colonet port complex in Baja California state, will be tendered in the short to medium term, an industry insider told BNamericas.
(May 8, 2009)
Credit crunch hurts motorcycle sales (Orlando Sentinel)
With automobile sales in the dumps, it's not unreasonable to think that consumers would be buying motorcycles as typically cheaper alternatives to cars. But the two-wheeled world of transportation is suffering from a slump that rivals the auto industry's. In fact, motorcycle sales in Central Florida and across the nation have been in decline for nearly three years, local dealers say.
(May 9, 2009)
Ridgecrest introduces 2 web solutions (Sunday Observer)
Ridgecrest, a leading software company introduces two new web solutions to the entertainment and automobile industries in Sri Lanka. “One stop ticket shop” an online ticket booking solution targets the entertainment industry in Sri Lanka.
(May 9, 2009)
Buyers Are on the Auto Lot, but the Financing Is Not (Washington Post)
The banks need to loosen up. That's the message from a month's worth of interviews with consumers and automobile dealers nationwide. It's also the conclusion of a new study by Accenture, a global management consulting company.
(May 10, 2009)
India's April car sales rise 4.2 pct y/y -industry (Reuters via Yahoo! Malaysia News)
NEW DELHI, May 11 (Reuters) - Car sales in India rose an annual 4.2 percent in April, an industry body said on Monday, helped by improving financing and demand from rural markets.
(May 11, 2009)
China’s Lead Battery Output May Grow 8% on Stimulus, Group Says (Bloomberg)
May 11 (Bloomberg) -- Lead-acid battery output in China, the world’s largest producer, may rise as much as 8 percent this year as the government’s stimulus plans boost automobile demand, the China Battery Industry Association said.
(May 11, 2009)
Insight Becomes First Hybrid Vehicle to Rank as Best-Selling Vehicle in Japan (Japan Corporate News)
Tokyo, May 11, 2009 - (JCN Newswire) - Honda Motor Co., Ltd. today announced that Insight ranked as the industry's best-selling car among new vehicle registrations* in Japan for the month of April 2009, with sales of 10,481 units (source: Japan Automobile Dealers Association).
(May 11, 2009)
Health-care industry vows to contain costs (Seattle Times)
A group of trade associations is pledging to reduce the growth rate of health-care spending by 1.5 percentage points a year for the next decade in a show of support for President Obama's call to overhaul the nation's health-insurance system.
(May 11, 2009)
Insight Becomes First Hybrid Vehicle to Rank as Best-Selling Vehicle in Japan (Japan Corporate News)
Tokyo, May 11, 2009 - (JCN Newswire) - Honda Motor Co., Ltd. announced that Insight ranked as the industry's best-selling car among new vehicle registrations* in Japan for the month of April 2009, with sales of 10,481 units (source: Japan Automobile Dealers Association).
(May 11, 2009)
Domestic automobile sales up 10.76 percent (New Kerala)
New Delhi, May 11 : Automobile sales in the country grew nearly 11 percent in April over the corresponding month the previous year largely due to a handsome growth registered by two-wheeler sales, a leading industry body said Monday.
(May 11, 2009)
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