![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
AUTOS' WORLD NEWS
* USA - GM Chief Wagoner Calls Bankruptcy a `Bad Strategy'
NY,USA -Bloomberg -June 16.2006: -- General Motors Corp. Chief Executive Officer Rick Wagoner said he has no intention of filing for bankruptcy, and doing so would be a "bad strategy"... Wagoner, in an interview late yesterday, said the automaker was on solid financial ground after posting $10.6 billion in losses last year... Detroit-based General Motors reported a first-quarter profit, and Wagoner plans to trim $7 billion in annualized spending by the end of 2006...
* USA - GM restores zero-interest finance plan
Ontario, Canada -Toronto Star, by TONY VAN ALPHEN -Jun. 15, 2006: -- Aim was to pare incentives, but sales down 10% -- Stats Can report cites slowdown across industry... Auto industry leader General Motors of Canada Ltd. is offering zero-interest financing on most models for the first time in two years in an effort to pull out of a sales slide... GM announced the incentive yesterday on cars and light trucks, including Impala and Cobalt cars and Silverado and Sierra pickup trucks, for four-year or five-year terms...
* USA - Nissan to Slash Staff at U.S. Headquarters
FRANKLIN, Tenn,USA -Los Angeles Times, by John O'Dell -June 15, 2006: -- Nissan Motor Co. North America, employed 1,300 managers, professionals and clerical staff at its 40-acre, 13-building complex in Gardena when it announced the move in November. But the automaker will have only 'a little more than 1,000' headquarters staff when the move to Tennessee is completed at the end of next month, Chief Executive Carlos Ghosn said...
* JAPAN - Nissan trims domestic production amid slow Japanese sales
TOKYO.Japan -The Detroit News (USA) -June 16, 2006: -- Nissan Motor Co., Japan's second-biggest carmaker by volume, said Friday that it cut back production at two domestic auto assembly plants to cope with weak sales in Japan... The cutback affects Nissan's Oppama plant in Kanagawa prefecture, south of Tokyo, and another plant in Tochigi prefecture, northeast of the capital. Japanese sales slid 27 percent in April, from a year earlier, the company said...
* MEXICO - Ford Motor Says It Will Upgrade Three Mexican Plants
México -Bloomberg (USA) -June 16, 2006: -- Ford Motor Co., the second-largest U.S. automaker, will upgrade two Mexican vehicle assembly plants and an engine plant over the next several years to expand operations in that country... Auto plants in Cuautitlan and Hermosillo and an engine plant in Chihuahua will get the upgrades, Ford said on its Web site, without giving any estimates of cost or specific timing. The automaker said it hasn't yet decided where to locate a new, low- cost North American auto plant...
* GERMANY - Ford brand European vehicle sales up
FRANKFURT,Germany -Reuters -June 16, 2006: -- Sales of Ford brand vehicles in Europe rose 11 percent in May to 157,200 units, Ford Motor Co said on Friday, citing strong demand for small cars and commercial vehicles... The sales figures are pooled from the results of its 21 major European sales companies, including Russia and Turkey...
posted by Unknown @ 4:06 PM
0 Comments:
Post a Comment
<< Home