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AUTOS' WORLD NEWS
* Magna sees 2006 sales of $22 billion to $23.3 billion
NEW YORK -Reuters -Jan 12, 2006: Magna International, the Canadian auto-parts group, said on Thursday it expects earnings to rise in 2006 with sales due to run between $22 billion and $23.3 billion...
* Faurecia will add 5 plants, expand 1 in '06
DETROIT,Mich,USA - Automotive News, by Greg Migliore & Bradford Wernle -Jan 11, 2006: Automotive supplier Faurecia said it plans to open five U.S. plants and expand an existing plant in 2006 and hire an additional 2,000 employees by the end of 2009, the French company said Wednesday... The plants will be in Michigan, Ohio and South Carolina and bring the supplier's North American total to 23. When adds the workers, it will have about 9,200 on the continent...
* China's SAIC 2005 vehicle sales up 24 percent
SHANGHAI,China -Reuters -Jan 11, 2006: Shanghai Automotive Industry Corp.,the General Motors' partner, China's largest automaker, said its vehicle sales grew 24 percent to 1.05 million units last year... sold 740,000 cars in 2005, up nearly 20 percent from 2004, SAIC said in a statement. Commercial vehicles sales made up the rest of its total, surging about 36 percent to 310,000 units...
* GM may export cheap cars from China factories
SINGAPORE,China -Financial Times/Reuters -Jan 12, 2006: General Motors is considering exporting vehicles from its Chinese division to developing markets in a further sign of China's potential to supply the world with cheaply-built vehicles.... "No decisions have been made, but it is a very exciting opportunity," Clarke said. "I can't tell you how excited I am about it. The emerging markets could use another $5,000 vehicle."...
* Hyundai Motor considers new engine factory in China
SEOUL,S.Korea -Reuters/Automotive News -Jan 12, 2006: Hyundai Motor Co. said on Thursday it was considering setting up a new engine plant in China as it aims to increase car production in the world's fastest-growing market... to produce up to 400,000 passenger car engines per year...
* China carmaker Changan to develop low-emission cars
BEIJING -Reuters -Jan 11, 2006: Changan Auto Co. Ltd., the partner to Ford Motor Co., China's fourth-largest vehicle maker, said it planned to invest 3 billion yuan, or $372 million at current exchange rates, to research and develop low-emission cars, the state news agency Xinhua reported on Wednesday...
* Porsche Recalls 911 "S" Models
USA -The Car Connection -12 Jan 2006: Some Porsche 911 Carrera S models are being recalled for a potential defect in their exhaust system... a total of 5385 cars sold in the U.S. and Canada are recalleds... The pipes have welds that may not hold them properly on the tailpipe; some 30 instances of the tips falling off have been reported...
* 2005: The Sales Year in Review - Some surprises when you dig behind the brand names.
USA -The Car Connection, by Mike Davis -11 Jan 2006: As usual, the reports of car and truck sales figures for the calendar year just past have some surprises and more than a few confirmations of trends seen all year long...
* Toyota aims for '06 European sales of 1 million cars
FRANKFURT,Germany -Reuters -Jan 11, 2006: Toyota Motor Corp. aims to sell more than 1 million vehicles in Europe in 2006, the company said on Wednesday after reporting its ninth consecutive year of record sales in the region...
* Peugeot Citroen slashes 2005 profit outlook again
PARIS,France -Reuters/Automotive News -Jan 11, 2006: French carmaker PSA/Peugeot-Citroen cut its 2005 profit outlook for the second time in three months after European car sales weakened further in the last quarter of 2005...
* Brazil car output up 10.7 percent in 2005
SAO PAULO, Brazil -Reuters/Automotive News -Jan 11, 2006: Brazilian vehicle output rose 10.7 percent last year amid economic growth and booming exports, reaching 2.45 million units despite a 6 percent fall in December from the previous month, manufacturers said on Wednesday...
* Czech car sales rise, industry positive on 2006
PRAGUE -Reuters -Jan 11, 2006: New passenger car registrations in the Czech Republic rose slightly last year after a 2004 drop, and industry officials set their eyes on this year to bring more growth thanks to the expanding economy...
* Volvo Looking Large
Detroit,Mich,USA -The Car Connection -11 Jan 2006: For a small, Swedish car company, Volvo has a big role in the world of Ford. It's provided platforms for a growing number of products sold by the various Ford divisions, and it is playing lead in the global automaker's safety efforts. It's also growing its own sales, with a worldwide target of 600,000... What is more important, is to integrate safety systems the company can offer to the maximum numbers of buyers across the full range of its product line...
* Teenagers predict gasoline-powered cars obsolete by 2015
USA -Autoblogs, by Stuart Waterman -Jan 12th 2006: American high school students think that gasoline-powered automobiles and compact discs will be yesterday's news in ten years, according to a survey... Automakers take note, if your competition has a viable and affordable alternative fuel vehicle in the 2010-2015 timeframe and you don't, expect to lose the youngest segment of the market...timeframe and you don't, expect to lose the youngest segment of the market...
* Kerkorian Aide: GM Should Sell Saab and Hummer
DETROIT,Mich,USA -Autoblog -11 Jan 2006: Financial guru Jerry York had a few well-chosen words of advice for troubled General Motors, telling the automaker to chop its annual dividend by 50 percent and slim down its North American distribution channels to four: Cadillac, Chevrolet, Saturn, and Buick-Pontiac-GMC... York's justification for that harsh dictum: He sees Hummer as profitable but noncore and unable to coax its customers into other GM vehicles. Saab simply does not have enough sales to justify its existence... York calculates that General Motors spends $24 million per day and has enough cash to continue on that path for about three years...
posted by Unknown @ 12:14 PM
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