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AUTOS' WORLD NEWS
* Bean counting at GM
Detroit,Mich,USA -The Detroit News -22 May 2006: -- GM is replacing its two top finance officers after a series of accounting errors drew the scrutiny of the Securities and Exchange Commission and a federal grand jury...
* Detroit factory closing
Detroit,Mich,USA -The Detroit News -22 May 2006: -- Automotive supplier ThyssenKrupp Budd Co. is closing its historic Detroit factory, due to declining sales of Ford's large SUVs...
* Toyota Denies It Plans New Assembly Plant In France
PARIS,France -The Japan News/Dow Jones -22 May 2006: -- The French unit of Toyota Motor Corp. of Japan denied Monday it plans to build another car assembly plant in France as part of its strategy to increase production worldwide... A Japanese press report over the weekend said Toyota planned to build 10 new production plants in the U.S., Europe and Asia through 2010, including one in France...
* Toyota mulls adding plant
Forth Worth,TX,USA -Fort Worth Star-Telegram, by JIM FUQUAY -May 23, 2006: -- "We have not decided whether we will expand, much less where"... Toyota Motor Corp. is considering whether to add another North American assembly plant in addition to facilities it is building in San Antonio and Canada, a senior executive of the world's second-largest automaker said Saturday...
* Subaru of Indiana Automotive will ask for more than $200 million in abatements
Lafayette,IND,USA -Journal & Courier -23 May 2006: -- SIA Inc. will seek tax abatements of about $212 million for changes to its facility and new equipment to begin manufacturing Toyota Camrys... The company will seek abatements on about $205 million in equipment to be installed to construct...
* Toyota heads down new road in China with Camry
GUANGZHOU,China -Reuters/Automotive News -May 23, 2006: -- Toyota Motor Corp.'s first Chinese-built Camry sedan rolled off assembly lines on Tuesday, a U.S. success story that the company hopes will spearhead a drive into an affluent middle-class market... The Camry also marks a milestone in China in terms of volume growth for Toyota, putting the relative latecomer on an even footing with Japanese rivals from Honda Motor Co. Ltd. to Nissan Motor Co. Ltd...
* Ukraine's AvtoZAZ to invest $130 million in Poland
WARSAW,Poland -Reuters/Automotive News/Rzeczpospolita -May 23, 2006: -- Ukrainian car producer AvtoZAZ will invest at least $130 million to revamp its plant in Warsaw and launch production of new compact models, Polish daily reported on Tuesday...
* Malaysia's Proton, China's Chery study car assembly
KUALA LUMPUR,Malaysia -Reuters/Automotive News -May 23, 2006: -- Malaysia's largest carmaker Proton said on Tuesday it and China's Chery Automobile had agreed to jointly study plans to build and sell each other's cars in the two countries and elsewhere in Southeast Asia...
* Nissan says no plans to quit U.K. for eastern Europe
SUNDERLAND, England -Reuters/Automotive News -May 23, 2006: -- Nissan Motor Co. has no plans to leave the U.K. and follow its Asian rivals to eastern Europe to benefit from cheaper labor costs and bigger markets, a senior executive said... Asian carmakers Kia Motors Corp., Toyota Motor Corp. and Hyundai Motor Co. have flocked to countries such as the Czech Republic and Slovakia, posing a growing threat to western Europe's more established brands...
* Ford 'war rooms' deflect potshots at pickups
Detroit,Mich,USA -Automotive News -22 May 2006: -- Execs work to fend off Toyota, GM - and keep F series on top... Simulated Toyota and General Motors war rooms in Dearborn are part of Ford Motor Co.'s game plan to stay on top of the highly profitable full-sized pickup segment. In those rooms, Ford is trying to foresee everything GM or Toyota might throw at its segment-leading F-series pickup when those competitors bring out their own redesigned models in the next year...
posted by Unknown @ 4:04 PM
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