![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
LATEST WORLD AUTO NEWS
* European car sales fall 2.8 percent, Renault stumbles
Frankfurt,Germany -Reuters -Dec 14, 2005: New car sales in Europe fell 2.8 percent in November, dropping in four of the five top markets despite an intensifying price war and this year's raft of fresh models, industry data showed on Wednesday... Weak showings in Britain, Spain, Germany and France eclipsed an upturn in Italy and ensured overall car sales extended October's drop of 2.6 percent amid consumer reluctance to splash out on cars...
* Volkswagen HR chief says labor costs have to fall
Frankfurt,Germany -Reuters -Dec 14, 2005: Volkswagen has to keep cutting labor costs in an intensely competitive car sector, its new personnel chief told an in-house magazine, but he stressed Europe's biggest carmaker was not in a crisis. "There is no way around it. Our common goal is to reduce costs," Horst Neumann was quoted as telling Autogramm when asked if personnel costs would continue to fall...
* Skoda to make Octavia in China in 2007
Shanghai,China -Reuters -Dec 12, 2005: Volkswagen unit Skoda Auto plans to make its Octavia brand in China from 2007, targeting the Chinese market, Volkswagen said in a statement seen Monday. Octavia, a mid-sized sedan, will be made by Shanghai Volkswagen, the German automaker's venture with SAIC Motor Corp., China's largest carmaker, the statement said...
* DaimlerChrysler puts Russia car plan on ice
Frankfurt,Germany -Reuters -Dec 14, 2005: DaimlerChrysler has put plans to assemble cars in Russia on hold and does not see the project being pursued in the foreseeable future, it said on Wednesday. The company said that assembling cars in Russia was not competitive due to tax and customs rules, adding that it was in talks with the Russian government...
* Ford caps retiree benefits
DEARBORN,Mich,USA-The Detroit News, by Bryce G. Hoffman -Dec 14, 2005: Ford Motor Co. plans to freeze health care benefits for tens of thousands of white-collar retirees as well as raise out-of-pocket medical costs and curtail pay hikes for salaried workers in a sweeping overhaul of its benefits program... White-collar pay raises will average 2% in 2006, from 3% in 2005...
* Ford COO sees pickup production central ongoing
THAILAND -Just-auto.com -14 Dec 2005: Ford Motor Company president and chief operating officer Jim Padilla has said Thailand will remain a key production hub for one-tonne pickups, underscoring the importance of the Ford-Mazda joint-venture manufacturing operation at AutoAlliance Thailand (AAT)...
* Jobs lost as Yes Car Credit shuts
UK -BBC News -14 Dec 2005: Yes car credit has faced harsh criticismThe Yes Car Credit business is to be closed with the loss of about 820 jobs, its owner Provident Financial has said... Provident Financial said Yes Car Credit was "no longer viable" after talks with possible buyers of the company collapsed last week...
* U.S. Upgrades Probe of Volvo Vehicles
New York,NY,USA - Bloomberg -14 Dec 2005: U.S. auto-safety regulators upgraded their investigation of cars made by Ford Motor Co.'s Volvo unit that may slow or stop without warning... The inquiry, which might lead to a recall, covers 356,000 sedans, station wagons and convertibles from model years 1999 through 2002 with electronic throttle controls, the National Highway Traffic Safety Administration said...
* Chang'an Auto to set up venture in Malaysia
BEIJING,China - ChinaView -14 Dec 2005: Chang'an Automobile Corp, the fourth-largest automaker in China, said it would set up a manufacturing joint venture in Malaysia next year to assemble its self-designed cars... The Chongqing-based company, which specializes in making mini cars and sports utility vehicles, will cooperate with a Malaysian consortium to make its CM8 mini car model...
* Chrysler Starts European Blitz with New Stuttgart Office
AUBURN HILLS, Mich.,USA -Global Auto -Dec 12, 2005: The Detroit automaker’s global aspirations get jump-started overseas with a new base of operations aimed at product marketing in Western Europe, Poland, and the Czech Republic... Chrysler announced on Monday it will strengthen its operations in Europe with a new Stuttgart, Germany, office aimed at selling its products throughout Europe... It will also expand its international offerings by more than doubling the number of diesel and right-hand-drive models it sells, too...
posted by Unknown @ 3:35 PM
0 Comments:
Post a Comment
<< Home