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AUTOS' WORLD NEWS
* Ford posts 19 percent rise in 4th-quarter profit
DETROIT,Mich,USA -The AutoNews -23 Jan 2006: Ford Motor Co. on Monday posted a higher-than-expected 19 percent increase in earnings for the fourth quarter of 2005, boosted by strength in its finance arm and the sale of its Hertz Corp. rental car unit, even as its core automotive division lost money...
* Ford introduces hybrid research vehicle that can run on ethanol
WASHINGTON,DC,USA -AP -Jan 25, 2006: Ford Motor Co., extending its push into hybrid technology, said Wednesday it was the first automaker to develop a hybrid research vehicle capable of running on ethanol-based fuels... Ford was unveiling the Escape Hybrid E85 before journalists at the Washington Auto Show on Wednesday. The vehicle combines hybrid-electric power with the capability of operating on a mixture of 15 per cent gasoline and 85 per cent ethanol, a corn-based additive.
* Volvo Car profits fell 55 percent in 2005
STOCKHOLM,Sweden -Reuters/daily Dagens Industri -Jan 24, 2006: Volvo Car Corp.'s operating earnings fell 55 percent last year, but it was still the most profitable auto unit of Ford Motor Co....
* Ex-cop, lawyer to handle tips on corruption at VW
FRANKFURT,Germany -Reuters -Jan 23, 2006: Volkswagen has put a former senior police officer and a labor law expert in charge of handling tips from whistle-blowers on potential corruption at Europe's biggest carmaker, it said on Monday... Rainer Buchert, a former German federal criminal investigator as well as police commissioner in Offenbach near Frankfurt, was chosen as VW's ombudsman along with Thomas Rohrbach, who previously worked for the company during its efforts to compensate victims of Nazi-era forced labor...
* Renault plans global organization overhaul
PARIS,France -Reuters/La Tribune newspaper -Jan 23, 2006: French carmaker Renault SA, due to make a 3-year strategy announcement on Feb. 9, plans to restructure its organization by geographical zones to cater better to local markets...
* DaimlerChrysler to cut 6,000 jobs globally
Germany -AutoNews -24 Jan 2006: Zetsche: Automaker will ramp up Mercedes, Chrysler collaboration... DaimlerChrysler on Tuesday announced a new "efficiency program" that will reduce its worldwide work force by about 6,000 in the next three years. Additionally, the Mercedes Car Group and the Chrysler group will work more closely, CEO Dieter Zetsche said in a prepared statement...
* Mitsubishi Motors is open to alliance with Proton
TOKYO,Japan -Reuters -Jan 24, 2006: The head of Mitsubishi Motors Corp. said on Tuesday the Japanese automaker was open to forming a technology alliance with Malaysia's Proton... Mitsubishi Motors was one of the founding members of Proton and a major shareholder until its own financial difficulties forced it to sell off its 8 percent stake in early 2004. Mitsubishi Motors still supplies auto parts to Proton...
* BMW sales exceed forecasts
BERLIN,Germany -ASSOCIATED PRESS -Jan. 25, 2006: German automaker BMW AG reported a 5.2 per cent rise in 2005 net sales to 46.66 billion euros ($57.28 billion (U.S.)), exceeding analysts' expectations...
posted by Unknown @ 11:09 AM
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