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Auto News 10/2009 (Page 3)

Rochester area feels cash for clunker fallout (Rochester Democrat and Chronicle)
Auto dealers and others in the industry are experiencing a post-clunkers slump, but the popular rebate program isn't the only factor.

Crisis Leaves Europe in Slow Lane (New York Times)
As Asia and the United States emerge from the global economic crisis, Europe appears likely to be the world’s laggard.

Aero-News: Quote Of The Day (10.10.09) (The Aero-News Network)
"It reinforces the importance of the amateur-built aircraft program to the overall aviation industry. It highlights the integrity of what has been accomplished over the years in terms of the amateur-built program, the development of kits, and overall safety. " Source: EAA President Tom Poberezny.

Quiet Cars Feared As Potential Killers (KSFY Sioux Falls)
Blind people are working with the auto industry to determine whether to add sounds to hybrid cars. Bob Riibe, a blind person from Sioux Falls, says it's difficult to hear the cars on the street because the motors are quiet.

Hybrid vehicles may be too quiet for disabled pedestrians to hear (Grand Forks Herald)
The silent approach of a hybrid car could have catastrophic results for pedestrians who can't hear them, which is why blind people are working with the auto industry to research the idea of adding sounds to the otherwise quiet new cars.

Lawmakers to tackle key financial reform (The Hill)
House lawmakers will hold markups this week on two key parts of President Obama's proposal to overhaul the system. Read more...

CO2 emission cuts doable (The Japan Times)
On Sept. 7 — shortly before taking over the premiership — Yukio Hatoyama met strong resistance from business circles and from the Ministry of Economy, Trade and Industry when he said at the Asahi Global Environment Forum (sponsored by Asahi Shimbun) that his government would aim for a 25 percent reduction in Japan's greenhouse-gas emissions from 1990 levels by 2020. Critics of the announcement ...

Auto firms seen in top gear (The Telegraph)
Mumbai, Oct. 11: Brokerages are expecting the automobile and capital goods industries to do well in the second quarter.

Chinese Company Buys Hummer from GM (BusinessWeek)
GM’s iconic Hummer brand has been acquired by a Chinese heavy construction equipment maker for about $150 million, marking another step in the long march by China to develop a world class local automobile industry. The deal, which was announced on the General Motors website, stipulates the ...

Green River producers struggle to compete (Billings Gazette)
GREEN RIVER - There's a little known war under way in the international soda ash industry pitting the world's two production giants, China and the United States, against each other.

Tengzhong on Last Lap to Buy Hummer from GM (New York Times)
Tengzhong, a little-known Chinese machinery maker that has agreed to buy GM's Hummer brand, aims to close the deal by early 2010 and has begun to seek regulatory approval for the purchase.

Next Beetle to get bigger back seat:
TThe successor to the New Beetle will arrive in 2012 with more space in the back seat and better packaging, said Stefan Jacoby, president and CEO of Volkswagen Group of America.

The 2009 Acura RL, an AutoWeek Drivers Log:
EXECUTIVE EDITOR WES RAYNAL:

Reportlinker Adds China Automobile Sector Forecast to 2012 Report (Business Wire via Yahoo! Finance)
NEW YORK----Reportlinker.com announces that a new market research report is available in its catalogue.

Marmon convertible is top seller at Hershey auction:
A 1931 Marmon Sixteen Convertible Coupe, one of only 400 Marmon Sixteens built, sold for $517,000 at RM Auctionand#8217;s Vintage Motor Cars of Hershey event on Oct. 8.

Philips third quarter net profit triples to $256M (AP via Yahoo! News)
Royal Philips Electronics NV reported net profit of euro174 million ($256 million) for the third quarter on Monday, three times the depressed levels of a year ago, due to cost-cutting measures.

Thai Asean News Network (Thailand Outlook Channel)
The industry minister aims to push Thailand to become the world's automotive hub in five years while the auto industry expects improving car export for the rest of this year following the economic turnaround.

Tengzhong seeks approval for Hummer buy (Reuters via Yahoo! News)
Tengzhong, the Chinese buyer of General Motor's Hummer brand, aims to close the deal by early 2010, with regulatory approval looming as the first of what will likely be multiple hurdles on the road ahead.

Europe Fund to Aid Auto Suppliers Stumbles on German Opposition (Bloomberg)
Oct. 12 (Bloomberg) -- A proposed 3 billion-euro ($4.4 billion) fund to help European auto-parts manufacturers that are on the brink of bankruptcy is stumbling because of German opposition, the region’s top industry trade group said.

2011 Ford Explorer prototype spied on the street:
The Ford Explorer is getting a redesign for 2011 and moving to a unibody platform, a here is the first prototype of the new SUV we've seen, getting a test drive on public roads.

Reviewing the Acura RL, and the next Beetle gets more room in back, in News Brake for Monday, Oct. 12:
In News Brake: A review of the Acura RL, a salute to sports-car legend Donna Mae Mims, and the next Volkswagen Beetle will get more room in back . . . But Wait, There's More!

Nissan to issue recall for faulty tire-monitoring part:
Nissan Motor Co. plans to recall as many as 143,000 cars to replace a tire-pressure monitoring system nut that may corrode and crack in areas with heavy concentrations of road salt, the government said today.

Now the president is taking his time? (The Augusta Chronicle)
Funny how President Obama can ram legislation down Congress' throat for stimulus bills, automobile-industry and Wall Street bailouts, etc., but he will need weeks to decide on an increase in troop strength to Afghanistan. William Zimmerman, Hephzibah

India September Local Car Sales Rise 21% To 129,683 Autos (Nasdaq)
NEW DELHI -(Dow Jones)- Local car sales in India rose 21% from the year earlier in September to 129,683 units from 107,517 a year earlier, data issued Tuesday by industry group Society of Indian Automobile Manufacturers showed.

Sept car sales rise 20.6 pc y/y: Industry (The Economic Times)
Sept car sales rise 20.6 pc y/y: IndustrySept car sales rise 20.6 pc y/y: Industry

An Exclusive Chat with Ferrari's Luca di Montezemolo, the Rock Star of the Automobile Industry - VIDEO ENHANCED (The Auto Channel)
The name Ferrari, its prancing horse logo and of course those special red vehicles are world famous icons of speed and style. But, Luca Cordero di Montezemolo, the long time chairman of Ferrari, SpA and of Fiat, SpA, has a relatively low business news profile outside the automobile industry.

Nigeria : Auto Industry Will Promote Economic Activities - Jalal (AllAfrica.com)
The Director General of the National Automotive Council (NAC) Mr. Aminu Jalal said last Tuesday that the development of the automobile industry would trigger economic activities in other sectors of the nation's economy.

Auto sales up 14 percent in first half this fiscal (New Kerala)
New Delhi, Oct 13 : Total automobile sales increased 14.51 percent between April and September this fiscal over that in the corresponding period last fiscal, as per data released by an industry body Tuesday.

The 2009 Toyota Avalon XLS, an AutoWeek Drivers Log:
SENIOR EDITOR FOR NEWS BOB GRITZINGER: If you question why anyone would buy the Avalon instead of a well-equipped V6 Camry, just look at the rear footwells. There is only about 2.

GM set to sign deal to sell Opel Thursday, reports say:
General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations.

Fuel-economy numbers for electric vehicles often not based on reality:
At this year's Frankfurt motor show, we saw some astonishing fuel-consumption figures for many new hybrid concepts. But it doesn't take much digging to see that reality doesn't match the claims.

Auto sales up 14 percent in first half this fiscal (Calcutta News)
Total automobile sales increased 14.51 percent between April and September this fiscal over that in the corresponding period last fiscal, as per data released by an industry body Tuesday.

The US Aluminum Industry Is The World's Single Largest Producer Of Primary Aluminum (OfficialWire)
The US aluminum industry is the world's single largest producer of primary aluminum, with over 300 plants in 35 states and employs over 145,000 people at an annual payroll of about US$ 5 Billion.

New Ford Explorer spied, and Nissan plans a recall, in AutoWeek's News Brake for Tuesday, Oct. 13:
In today's News Brake: The new Ford Explorer is spied, Nissan plans a recall, and a flying gas tank sets a land-speed record . . . But Wait, There's More!

Web Exclusive: The Most Impactful Industry Events of the Last Century (Risk & Insurance)
Paul Hering, CEO of the 100-year-old brokerage firm Barney & Barney LLC, looks back over the last century and considers the events that most impacted the insurance industry.

China Sept auto sales soar 77.9% (AFP via Yahoo! News)
China's auto sales soared 77.9 percent in September from a year ago to 1.33 million units, an industry body said on Tuesday, the seventh straight month that sales exceeded the one million unit mark.

GM to invest $230 million in four Michigan plants to build Volt, Cruze:
General Motors Co. said Tuesday it will invest more than $230 million in four plants around Flint, Mich., to help build the 2011 Chevrolet Cruze compact and the Chevrolet Volt plug-in hybrid sedan.

2010 Porsche 911 Turbo: The daily driver of supercars:
As four-wheeled evolution goes, the Porsche 911 Turbo's first three and a half decades have been spectacular.

Ford adds 4.5 million vehicles to largest U.S. recall:
Ford Motor Co. plans to add 4.5 million vehicles to its largest U.S. recall because of leaky cruise control switches that have been reported to cause vehicle fires.

Transportation and Logistics Experts Discuss Prospects For The US Rail Industry: Intermodal Transfer Key To Superior ... (Wall Street Transcript via Yahoo! Finance)
67 WALL STREET, New York - October 13, 2009 - The Wall Street Transcript has just published its Transportation & Logistics Report offering a timely review of the sector to serious investors and industry executives. This 81 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by ...

High-speed rail isn’t threat to Detroit 3, U.S. transportation chief says (Crain's Detroit Business)
Michigan’s participation in a coalition of states pursuing federal dollars for a Midwest high-speed rail system isn’t a threat to the automobile industry, U.S. Secretary of Transportation Ray LaHood said this afternoon.

Used vehicle sales at all-time low (The Japan Times)
Sales of used vehicles in the first half of fiscal 2009 hit an all-time low of 1.92 million units, down 7.3 percent from a year earlier amid the flagging economy, an industry body said Tuesday. Sales of secondhand vehicles, excluding minivehicles with engines of up to 660cc, were the lowest since 1978, when the Japan Automobile Dealers Association first compiled comparable data.

RPT-UPDATE 1-India Sept car sales rise 21 pct y/y -industry (Reuters via Yahoo! Malaysia News)
(Repeats story issued on Tuesday)

Ministry officials review auto industry strategy (Việt Nam News)
HA NOI — Authorities are seeking suggestions from the nation’s automobile manufacturers about what types of vehicles should be prioritised for development beginning next year.

GPS could play role in driver safety:
Is a car accident in your future? Ask the global positioning satellites.

The 2009 Mitsubishi Outlander SE: An AutoWeek Drivers Log:
SENIOR EDITOR FOR NEWS BOB GRITZINGER: There are a few acres of plastic in here, and some of the switchgear feels truly hideous, but once you get past that, this is the kind of vehicle that marks Mitsubishi as something surprising--and in...

We drive the new 911 Turbo, and Mustang gallops into NASCAR, in AutoWeek's News Brake for Wednesday, Oct. 14:
In today's News Brake: We drive the new Porsche 911 Turbo, Mustang gallops in NASCAR, and the Cadillac SRX goes turbo . . . But Wait, There's More!

Buick revives and#8216;Regal' name for upcoming sedan:
Buick confirmed on Wednesday that it's resurrecting the Regal nameplate for its next midsize sedan.

Recall will be last linked to fire hazard, Ford says:
Ford Motor Co.'

A Chevrolet Corvette the only and#8216;authenticated' return under GM's 60-day guarantee, Lutz says:
One car has been returned under General Motors' unconventional 60-day return policy--a Chevrolet Corvette.


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