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Auto News 05/2009 (Page 7)

Judge approves early motions in Visteon bankruptcy (USA Today)
A Delaware bankruptcy judge on Friday approved several first-day motions in the Chapter 11 bankruptcy case of automobile parts supplier Visteon.

Tata Motors Revenue, Profit low for recession (New Kerala)
Kolkata / Mumbai, May 30 : Tata Motors has reported gross revenue (stand-alone) of Rs.28599.27 crores (2007-08: Rs.33093.93 crores) in 2008-09, a year marked by severe demand contraction in the automobile industry.

BACKGROUND: Magna - major parts maker that assembles cars (EARTHtimes.org)
Vienna - Magna International is one of the world's leading suppliers of parts for the automobile industry. It has more 240 plants around the world and a total workforce of 74,000. The Canada-based company, which has extensive operations in Austria, r...

Auto industry's future in the balance (Adelaide Now)
THE US automobile industry faces a day of reckoning on tomorrow, with the looming bankruptcy of General Motors and an expected court ruling on the sale of Chrysler to a group led by Italy's Fiat.

Auto industry's future in the balance (Daily Telegraph)
THE bankruptcy of General Motors and an expected court ruling on the sale of Chrysler to Fiat will soon come to a head.

After Many Tuneups, A Historic Overhaul (Washington Post)
In the space of five head-spinning months, the economic downturn and a few strong-willed financial officials in the Obama administration have done what legions of car executives, consultants and policymakers had failed to do in three decades: overhaul the U.S. car industry.

Warren Brown's Car Culture (Washington Post)
Buried under the current global economic collapse is the debris of conventional wisdom. Consider, for example, the wreckage of the automobile industry.

A shadow of its iconic past, GM faces uncertain future (The Nashua Telegraph)
For generations, General Motors fueled America’s love affair with the automobile, building cars that defined their owners’ status in life and the industrial might of the nation. ... - BY JOHN PORRETTO The Associated Press


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