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AUTOS' WORLD NEWS
* Bush Boosts Ethanol, Hydrogen in State of the Union
USA -The Car Connection -1 Feb 2006: President Bush called on the nation to begin a transition away from oil in his State of the Union address on Tuesday night, an address which he delivered as the price of a barrel of oil hovered near $70 a barrel. "America is addicted to oil which is often imported from unstable parts of the world," the President told a joint session of Congress in which he laid out plans to diversify the nation's energy platform. "The best way to break this addiction is through technology"...
* GM, Ford U.S. sales slide continues in January
DETROIT,Mich,USA -Reuters -Feb 1, 2006: General Motors and Ford Motor Co. lost additional U.S sales and market share to Japanese rivals in January, analysts said, as consumers' shift toward more fuel-efficient vehicles left Detroit's top automakers in the slow lane... Wall Street expects GM and Ford, whose U.S. share has declined steadily over the last decade, to report sales slides of as much as 10 percent when the industry releases results on Wednesday, Feb. 1. Toyota Motor Corp. is seen posting a gain of about 10 percent...
* Ford Sales Rise Almost 3 Percent in January on Mid-Size Sedans
DETROIT,Mich,USA -AP, by DEE-ANN DURBIN -Feb 1, 2006: Ford Motor Co.'s U.S. sales rose 2.7 percent in January on the strength of its new lineup of mid-size sedans. Japan's Nissan Motor Co., meanwhile, reported flat sales for the month... In a survey released this week, Ford Motor Co. ranked last among major automakers in the use of its North American plant capacity. The company aims to change that with a restructuring plan being announced Monday, Jan. 23, 2006 that will include plant closings and job cuts. Already some are wondering if it will be enough to reverse the automaker's billion-dollar losses in North America...
* GM to build two hybrid SUVs in Texas
DETROIT,Mich,USA -Reuters -Feb 1, 2006: General Motors said on Wednesday it will build Chevrolet Tahoe and GMC Yukon hybrid sport-utility vehicles at its Arlington, Texas, plant in late 2007... The hybrid system is being advanced and adapted by BMW, DaimlerChrysler AG and GM for use in cars, trucks and SUVs... GM, also said it will produce the world's first light-duty integrated hybrid transmission, to be designed and built at its Baltimore, Maryland, transmission plant...
* Cadillac will get hybrid Escalade
BALTIMORE,Mar,USA -Automotive News, by Jamie LaReau & Richard Truett -Feb 1, 2006: General Motors CEO Rick Wagoner confirmed that Cadillac will get its first hybrid vehicle in the fall of 2007 with the 2008 Escalade SUV... The hybrid version of the Escalade will use a new transmission made by GM’s Allison division. The two-mode hybrid system will be similar to what GM will use in the hybrid version of a Chevrolet Tahoe and GMC Yukon SUVs...
* Honda third-quarter operating profit jumps 24 percent
TOKYO,Japan -Reuters -Jan 31, 2006: Honda Motor Co., Japan's third-biggest automaker, posted a better-than-expected 24 percent jump in quarterly operating profit on Tuesday, helped by soaring revenues and a weaker yen, and jacked up its full-year forecasts to account for currency and other one-off windfalls... Most of Japan's top automakers are expected to report strong profit gains as they ride a softer yen and expand their sales worldwide, most notably in North America at the expense of General Motors and Ford Motor Co...
* Nissan, Renault combined auto sales up 5.9 percent in '05
TOKYO,Japan -Reuters -Jan 30, 2006: Nissan Motor Co. and French partner Renault SA said on Monday their combined global auto sales rose 5.9 percent in 2005 from the previous year to 6,129,254 units...
* Nissan sees Mexico exports climbing 9 percent in 2006
MEXICO CITY,MEX -Reuters -Jan 31, 2006: Nissan Motor Co. Ltd. expects to export about 170,000 vehicles from its Mexico plants this year, an increase of 9 percent from 2005, as production of its new Versa model kicks off, a spokesman said on Monday...
* Fiat Auto reports turnaround to profit, plans bond
TURIN,Italy -Reuters -Jan 30, 2006: Fiat Auto turned in a quarterly trading profit for the first time in nearly five years as sales of its new Punto model kicked in, and the group will take advantage of the turnaround to tap debt markets... Fiat said on Monday its Auto unit swung to a trading profit of $25.4 million (21 million euros) in the fourth quarter of 2005, compared with a year-ago loss of 156 million euros adjusted to International Accounting Standards...
* Brazil to Build U.S. EcoSport
Brazil -The Car Connection (USA), by Fernando Calmon -30 Jan 2006: Ford's Brazil arm is working on a new version of its EcoSport SUV, but the new larger vehicle isn't staying at home - it's headed to the U.S.... To be engineered in Brazil, the new EcoSport will be built in Mexico. Basic development costs in Brazil are very competitive; an engineer's salary is about one-third of what is paid in more developed countries...
* Renault Sticks with Brazil
France - The Car Connection, by Fernando Calmon -30 Jan 2006: In spite of excess capacity and continuing losses here, it clearly seems that Renault will choose to concentrate efforts in countries like Brazil, leaving China, the world's second market, in waiting mode... Things seem to be seized in China, where Renault has settled in 2002, but no car has been produced so far. The expectations are, in addition to push Renault in Brazil, to go for expansion in India, a more predictable and less risky market in relation to Chinese operations...
* Opel sees weak German car market in January
BOCHUM, Germany -Reuters -Feb 1, 2006: New car sales in Germany, Europe's biggest auto market, did not not get off to a strong start in 2006. "January did not go so well"... Opel expected a German market share of more than 10 percent this year versus 10.4 percent in 2005, when government statistics show nearly 348,000 new Opels were registered, up 4 percent from 2004...
* Suzuki Motor Q3 operating profit up 5.5% as sales rise
TOKYO,Japan -Reuters -Feb 1, 2006: Japanese compact car maker Suzuki Motor Corp. posted a 5.5 percent rise in quarterly operating profit on brisk vehicle sales worldwide, data showed on Wednesday, and it reiterated its forecast for a slight improvement in full-year earnings... Operating profit at Suzuki, held one-fifth by General Motors, was 28.98 billion yen ($247.4 million) for the October-December period...
* Mitsubishi Motors Reports January U.S. Sales
CYPRESS,Cal,USA -PRNewswire/Automotive -1 Feb 2006: Mitsubishi Motors North America, Inc., today reported January sales of 7,469 units, an increase of 2.8% over January 2005 sales... The month was highlighted by outstanding sales performance of the all-new 2006 Eclipse coupe, 1,559 vehicles sold up 160% from prior year...
posted by Unknown @ 7:27 PM
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