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AUTOS' WORLD NEWS
* Delphi posts $115 million U.S. operating loss in January
DETROIT,Mich,USA -Automotive News, by Dave Barkholz -28 Feb 2006: Delphi Corp. posted a $115 million U.S. operating loss in January, bringing the distressed supplier's U.S. operating losses to $862 million in the period between its Oct. 8 Chapter 11 filing and Jan. 31...
* Tower asks judge to void union pacts
DETROIT,Mich,USA -The DetroitNews/Associated Press, by Dee-Ann Durbin -Febr 28, 2006: Tower Automotive Inc. on Monday asked a judge to cancel its union contracts as part of its restructuring in bankruptcy court, a spokeswoman for the auto supplier said...
* Chrysler sees flat 2006 sales
GENEVA,Switzerland -Reuters -28 Feb 2006: Chrysler, the U.S. division of DaimlerChrysler AG, expects stable sales in 2006 before a rise in 2007, its president and CEO said on Tuesday. "For the total market in the U.S., we see ourselves as very stable (this year). In 2007, we see our volume going quite a bit higher," Tom LaSorda told reporters at the Geneva motor show...
* Nissan China JV to up output capacity
TOKYO,Japan -Reuters -28 Feb 2006: Japan's Nissan Motor Co. said on Tuesday it would spend 600 million yuan ($74.6 million) to raise capacity at its Chinese joint venture car assembly plant by 80 percent to 270,000 units by the end of this year...
* Mazda says February global sales up 10%
GENEVA,Swiss -Reuters -28 Feb 2006: Mazda Motor Corp. said on Tuesday its sales rose 10 percent in February, driven by growth in Europe...
* Dacia to boost sales, models
GENEVA,Swiss -Reuters -28 Feb 2006: Dacia, the Romanian subsidiary of Renault which makes the runaway success, no-frills Logan, plans to boost sales and roll out new models, its managing director, Luc Alexandre Menard, said on Tuesday...
* Toyota eyes move into low-cost cars
GENEVA,Swiss -Reuters -28 Feb 2006: -- Toyota Motor Corp. is considering making low-cost cars that could help woo customers in emerging markets, President Katsuaki Watanabe told reporters on Tuesday...
* Toyota: Lexus European sales advance
GENEVA,Switzerland -Reuters -28 Feb 2006: Toyota Motor Corp. expects sales in Europe of its premium Lexus brand to rise to 65,000 units by 2010 from around 45,000 this year, Toyota Motor Europe Executive Vice-President Takis Athanasopoulos told Reuters on Tuesday...
* BMW CEO sees solid 2006 financials
GENEVA,Swiss -Reuters -28 Feb 2006: Germany's BMW, the world's largest premium carmaker, is confident it will post solid financial results in the current year, its chief executive told Reuters in an interview on Tuesday...
* Peugeot 207 sales will hit 500,000 in '07
GENEVA,Swiss -Reuters -28 Feb 2006: Peugeot aims to sell 500,000 units in 2007 of its 207 compact car that received its world premiere at the Geneva motor show on Tuesday...
* GM expects Europe market share growth in 2006
GENEVA,Swiss -Reuters -28 Feb 2006: General Motors expects an increase in its European market share this year, the automaker's Europe chief, Carl-Peter Forster, said on Tuesday. "We are certainly (looking) for share growth in Cadillac," he told reporters at the Geneva auto show. "Saab could grow or at least maintain its share"...
* Audi grows deliveries by a fifth in Jan.-Feb.
GENEVA,Swiss -Reuters -28 Feb 2006: Volkswagen's premium Audi brand increased car sales in the first two months of this year by a fifth to 131,000 vehicles, even before the hotly anticipated launch of its Q7 offroader in March...
* Zetsche: Mercedes Feb. European sales look good
GENEVA,Swiss -Reuters -28 Feb 2006: European sales at DaimlerChrysler's premium Mercedes Car Group division were pleasing in February after a weak start to the year, Chief Executive Dieter Zetsche told reporters on Tuesday...
* Audi CEO: SEAT will see profit in 1-2 years
GENEVA,Swiss -Reuters -28 Feb 2006: The chief executive of Volkswagen's premium Audi unit said on Tuesday he expected its loss-making Spanish unit, SEAT, to return to a profit within the next 1-2 years...
* Smart ramps up ForTwo output
GENEVA,Swiss -Reuters -28 Feb 2006: -- DaimlerChrysler's Smart small-car business is ramping up production of its two-seat ForTwo model, given solid demand, Smart division head Ulrich Walker said on Tuesday...
* Nissan picks site for Russian car plant
TOKYO, Japan -Reuters -Feb 28, 2006: Nissan Motor Co. has picked a site for a planned Russian car plant outside of St. Petersburg, Interfax news agency reported...
* Jerry York convinced Saab good for GM
USA -Reuters -27 Feb 2006: Director Jerry York is now convinced the Saab and Hummer brands are good for the automaker, a month after he suggested GM get rid of them, GM's vice chairman of global product development, ...
* Electric car maker Think Nordic declared bankrupt
OSLO, Norway -AP -Feb 28, 2006: The tiny electric car maker Think Nordic AS was declared bankrupt Tuesday, after failing to meet wage and other payment obligations...
* Nissan weighs strategy for commercial trucks
YOKOHAMA, Japan - Automotive News, by James B. Treece -Feb 27, 2006: Nissan Motor Co. has not decided whether its light-commercial vehicles will be sold through Nissan's U.S. and Canadian dealers... Nissan won't launch U.S. sales of light-commercial vehicles before March 31, 2008...
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