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AUTOS' WORLD NEWS
* GM top officials to get options
Detroit,Mich,USA - Detroit Free Press, by Michael Ellis -Feb 25, 2006: General Motors Corp. granted on Friday CEO Rick Wagoner and other top executives the same number of stock options as last year, despite the automaker's $8.6 billion in losses in 2005... GM gave Wagoner options to buy 400,000 GM shares at a price of $20.90, above Friday's closing price of $19.99 on the New York Stock Exchange...
* DaimlerChrysler CFO's Contract Extended
FRANKFURT, Germany -News Day/AP -Feb 24, 2006: German-American automaker DaimlerChrysler AG said Friday it has extended the contract for its chief financial officer, Bodo Uebber, by five years... Uebber, who has been a member of the company's management board since December 2004, had his contract extended to December 2011. It was originally set to expire December 2006...
* Nissan recalls 475,400 Primeras, X-Trails globally
TOKYO,Japan -Reuters/AN-ANE -24 Feb 2006: Nissan Motor Co. said on Friday it would recall 475,400 units of its Primera sedan and X-Trail SUV globally to fix a faulty fuel filler tube...
* Toyota to build small cars in China in 2008
TOKYO,Japan -Reuters/AN-ANE -24 Feb 2006: Toyota Motor Corp. will add two small cars to its Chinese production lineup in 2008 to ride growing demand for fuel-efficient vehicles amid rising oil prices, Japanese business daily Nihon Keizai reported on Friday...
* Audi sees annual China sales of 100,000 within 3 years
CHANGCHUN, China -Reuters/AN-ANE -24 Feb 2006: Audi AG expects to sell 100,000 units annually in China within three years, a senior executive said, as it banks on continued growth in the world's third-largest vehicle market...
* VW gets at least four Europcar bids
FRANKFURT,Germany -Reuters/AN-ANE -24 Feb 2006: Volkswagen is very satisfied with the bids it has received for car rental firm Europcar but has not ruled out a public listing for the business, a source familiar with the situation said on Friday...
* BMW cuts Rolls-Royce stake, will post $356 million gain
FRANKFURT,Germany -Reuters/AN-ANE -24 Feb 2006: German carmaker BMW will post a one-off, non-cash gain of $356.8 million (300 million euros) in the first quarter of 2006 by selling shares in aircraft engine maker Rolls-Royce Plc, it said on Friday...
* Mazda Donates Tribute Hybrids to Orange County Fire Authority in California
Tokyo, Japan -JCN Newswire via COMTEX -Feb 24, 2006: Mazda North American Operations donated 10 clean-burning, fuel efficient Tribute Hybrid Electric Vehicles to the Orange County Fire Authority at a ceremony held on February 22, 2006, at the OCFA headquarters in Irvine, California...
posted by Unknown @ 12:43 PM
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