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LATEST WORLD AUTO NEWS
* Two Ford luxury brands pull ads from gay media
DETROIT,Mich,USA -Reuters -Dec 06, 2005: Ford Motor Co.'s Jaguar and Land Rover luxury brands are pulling all advertising from gay publications, the company said on Tuesday, after facing a boycott threat from a conservative religious group... Ford declined to say how much it had spent on advertising in gay publications... Ford's: Ford, Lincoln and Mercury brands have not advertised in gay media...
* Ford Adding Automatic EcoSport
USA -The Car Connection, by Fernando Calmon -6 Dec 2005: Ford will add an automatic transmission EcoSport 4x4 to its portfolio by the end of the year from its Brazilian factory... The EcoSport is built at the Camaçari, State of Bahia, plant Ford opened four years. The plant is operating at full capacity, two years ahead of schedule...
* Fuji Heavy to build Toyota cars at U.S. plant
TOKYO,Japan -Reuters -Dec 06, 2005: Fuji Heavy Industries Ltd., the maker of Subaru cars, said on Tuesday it had agreed to make Toyota Motor Corp. brand cars at its factory in the Lafayette, Ind., in a widely expected move... Details such as timing and production models would be decided as soon as possible...
* Mercedes Car Group unit sales up 1.6 percent in November
FRANKFURT,Germany -Reuters -Dec 06, 2005: Unit sales at DaimlerChrysler's premium Mercedes Car Group division rose 1.6 percent in November to 105,200 vehicles as higher turnover at its core Mercedes-Benz brand offset weaker sales at its Smart unit... The Mercedes Car Group includes the Mercedes-Benz, Smart minicar and Maybach luxury limousine brands. It has forecast the number of vehicles leaving its factories will be roughly steady in 2005, while retail sales will rise...
* DaimlerChrysler to pocket US$1.8b from MTU sale
FRANKFURT, Germany -Handelsblatt -7 Dec 2005: German-auto giant DaimlerChrysler stands to gain 1.5-1.7 billion euros (1.8-2.0 billion dollars) from the sale of engine maker MTU Friedrichshafen to EQT, the financial arm of the Swedish Wallenberg group... The transaction was expected to be officially sealed next week... MTU Friedrichshafen, which makes diesel engines for ships and locomotives and last year achieved sales of 1.3 billion euros on a workforce of 6,700...
* Renault Buying Jaguar? Rumors Are Flying in Europe
BROWNS LANE, England -L'Expansion (France)/Global Auto Systems -Dec 07, 2005: A French business magazine, recently published it has evidence that Renault-Nissan is about to make an offer to Ford on buying Jaguar... The rumor it would make sense for the French carmaker. The company recent efforts on creating elite models with French flair have failed to grab the attention of customers outside France... On the other hand, Jaguar has a more recent heritage and expertise on building luxury cars. Although the company is in declining health, there's the cachet of British luxury and a very recognized name...
* 2005 UK car sales expected to fall to five-year low
London, UK -The Guardian, by Mark Milner -Dec 7, 2005: Car sales in Britain this year are set to slump to their lowest levels for five years. Last month registrations fell 7.9% to just under 158,500 cars, leaving registrations for the year to November down 5.8% at 2.28m, the Society of Motor Manufacturers and Traders said... The SMMT predicts that the year's new car market will fall below 2.5m for the first time since 2000...
* Imported vehicle sales down 3.1% in Japan
Tokyo,Japan -The Japan Times -Dec. 7, 2005: Sales of imported vehicles, including those produced by Japanese manufacturers, fell 3.1 percent in November from a year earlier to 22,045 units, an industry body said Tuesday... Volkswagen became the top-selling brand in November for the second straight month... BMW rose from third to second with an 18 percent share...
* Automakers pace S.Korea's Kospi further rise
Seoul, S.Korea -JoongAng Daily -Dec 07, 2005: Seoul's main board climbed again yesterday for its fifth consecutive gain, as the Kospi closed at 1,321.06, a rise of 5.91 points or 0.5 percent... Market experts credited automakers and related companies with leading the latest charge, noting that Hyundai Motor's winning streak has now stretched for eight days...
posted by Unknown @ 11:49 AM
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