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AUTOS' WORLDWIDE
* Japan - Builds most cars abroad
Japanese automakers produced more vehicles overseas during 2005 fiscal year than at home
TOKYO,Japan -The Detroit News/Associated Press, by Yuri Kageyama -August 01, 2006: -- Japanese automakers produced more vehicles overseas than they did at home during a fiscal year for the first time in the year that ended March 31, an industry group said Monday... Japanese automakers produced 10.93 million vehicles abroad in fiscal year 2005, while they made 10.89 million vehicles in Japan, the Japan Automobile Manufacturers Association said...
* Japan - Recalls dent Toyota image
Vehicle callbacks, probe into handling of defects could hurt No. 2 carmaker's reputation
Tokyo,Japan -The Detroit News, by Christine Tierney -July 31, 2006: -- Toyota Motor Corp. CEO Katsuaki Watanabe bowed deeply before the cameras on July 20 in a humbling moment for the mighty Japanese automaker... Toyota has come under intense scrutiny as prosecutors in Japan investigate its handling of vehicle defects... Separately, the government told Toyota to review its policy on recalls and respond to the Transport Ministry by Friday... Ritual apologies are common in Japan, where executives are expected to convey their regret for corporate shortcomings... It's unusual, however, to see executives from Japan's leading industrial company on the defensive...
* USA - Big 3 sales expected to fall 15% in July
Without 2005's blockbuster deals such as employee pricing, fewer consumers are buying
DETROIT,Mich.,USA -The Detroit News/Associated Press, by Sarah Karush -July 29, 2006: -- U.S. automakers are expected to register a dramatic decline in July vehicle sales from a year ago, when heavy discounts stoked near-record sales. At the same time, high gas prices continue to push many buyers toward more fuel-efficient models, an area where Asian manufacturers still dominate... New vehicle sales are expected to come in at about 1.54 million units, a 15 percent decrease from July 2005, according to estimates by the vehicle research site Edmunds.com... Automakers release their July sales results Tuesday... Michael Maroone, president and chief operating officer of AutoNation Inc., the nation's largest auto retailer, said July should be stronger than June, when 1.5 million vehicles were sold in the United States...
* China - The World's Biggest Auto Markets
USA -BusinessWeek -July 31, 2006: -- China has leapfrogged over Japan to become the world's second largest auto market after the U.S.—and it will more than double by 2015... China now buys more cars than any other country in the world except for the U.S. According to a new report from Automotive News, sales of light vehicles in China are projected to reach more than 5.9 million by the end of 2006, nudging Japan from the No. 2 spot. The U.S., which should see more than 16.7 million sales by year's end, will remain far and away the largest market...
* Japan - Honda recalls 35,000 Fits
Tokyo,Japan -AutoBlog (USA), by Joel Arellano -Aug 1st 2006: -- Honda Motor Co. has issued a recall in Japan covering over 35,000 of its subcompact Fit automobiles... According to the automaker, the brake lamp in the Fit may not work due to the misapplication of a lubricant during manufacturing. Only vehicles made between December 2004 and May 2005 are affected, with no problems found with cars bound for the U.S. or other overseas markets. There have been nearly 2,000 reports of the problem from dealerships, but no crashes have resulted...
* USA - Chrysler, Ford hit as sales weaken
USA -News.moneycentral.msn.com -1 August 2006: -- Chrysler Group and Ford Motor Co. on Tuesday reported steep declines in July vehicle sales, a drop expected to cost both U.S. automakers share in a weaker market overshadowed by concerns about fuel efficiency ...
* USA - Volkswagen Reports July 2006 Sales Increase
USA -Theautochannel.com -1 August 2006: -- Volkswagen of America, Inc. today reported July sales of 22,627, a 5.0% increase over prior year July sales of 21,553. Signifying Volkswagen's return to its roots, the Rabbit posted July sales of 2,109...
* USA - DaimlerChrysler AG Reports 34 Percent Decrease in U.S. Sales
USA -Theautochannel.com -1 August 2006: -- DaimlerChrysler AG , the third largest U.S. auto maker, today reported total group sales of 171,940 passenger vehicles in the U.S. for July 2006, a 34 percent decrease compared to July 2005...
* France - New car sales in fall 5 percent in July
PARIS,France -Reuters -31 July 2006: -- New car registrations in France dropped 5 percent in July compared to last year, on a same number of working days basis, and the national car makers' association, the CCFA, said the market was "erratic." ...
* South Korea -Strikes hit South Korean carmakers' July sales
SEOUL,South Korea -Reuters -31 July 2006: -- South Korean carmakers, including Hyundai Motor Co., reported a combined 16 percent drop in July sales on Tuesday, as strikes by unionized workers disrupted production...
* Germany - Audi AG unit sees record 2006 earnings
FRANKFURT,Germany -Reuters -31 July 2006: -- Volkswagen's premium unit Audi AG forecast record 2006 revenue and earnings after reporting on Tuesday it increased first half pretax profit by 30 percent to $843 million (661 million euros)...
* Belgium - Cars in Denmark, Finland, cheapest in EU before tax
BRUSSELS,Belgium -Reuters -31 July 2006: -- Shopping around in the European Union for the best deal on a new car can save EU citizens thousands of euros, the European Commmission's latest car price report showed on Tuesday...
* Japan - Suzuki, Subaru post higher first quarter profits
TOKYO,Japan -Reuters -31July 2006: -- Suzuki Motor Corp. and Subaru-maker Fuji Heavy Industries Ltd. reported improved quarterly earnings on Monday as expanded vehicle sales and a weaker yen offset higher commodities costs, and they kept their forecasts for the full year unchanged...
* USA - RECALLS - Jeep recalls target cooling-fan blades, seat heaters
USA -Automotive News -31 July 2006: -- The Chrysler group is recalling nearly 150,000 Jeep Grand Cherokees because cooling-fan blades may break and hurt people near the vehicle if the hood is open. This and other recalls that automakers reported to NHTSA...
posted by Unknown @ 2:50 PM
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