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AUTOS' WORLDWIDE
* USA - Toyota settles sexual harassment lawsuit
Detroit,Mich,USA -The Detroit News, by Christine Tierney -5 Aug 2006: -- Toyota Motor Corp. has settled an embarrassing sexual harassment lawsuit filed by an assistant to one of the Japanese automaker's highest-ranking executives in the United States... An aide to Hideaki Otaka, former chairman and president of Toyota Motor North America, sued him and the company in May for more than $190 million. Sayaka Kobayashi, 42, a Japanese citizen with U.S. resident status, alleged that Otaka, 65, groped and harassed her over four months in 2005...
*USA's Automakers: Japan profits fueled by cheap yen
WASHINGTON,DC,USA -Reuters -August 8, 2006: -- U.S. automakers accused the Japanese government of showering more than $2 billion in windfall profits on Japanese automakers in the past quarter by artificially depressing the value of the yen... The latest quarterly reports from Toyota, Nissan, Honda and other Japanese automakers show they earned over $2 billion in windfall profits due to an artificially weak yen, Stephen Collins, president of the Automotive Trade Policy Council, which represents General Motors, Ford Motor Co. and DaimlerChrysler Corp., said...
* Brazil - July flex-fuel car sales set monthly record
SAO PAULO,Brazil -Reuters -August 7, 2006: -- Sales of Brazilian flex-fuel cars, which run on any mix of gasoline or ethanol, set a monthly record in July and were up 71 percent on the year, the National Automobile Manufacturers Association (Anfavea) said on Monday... Flex-fuel sales in July of 121,001 units exceeded sales of 120,229 units in December of 2005, the previous record. And July 2005 flex-fuel car sales were 70,704 units...
* USA - Prices received by producers of cars, light trucks falls
Tulsa,OK,USA -Reliable Plant Magazine -7 Aug 2006: -- In 2005, prices received by domestic producers of passenger cars fell 3.4 percent, and prices received for light motor trucks dropped 5.9 percent. Both indexes advanced in 2003 and 2004... These are among the findings of a report released August 4 by the U.S. Department of Labor's Bureau of Labor Statistics...
* Japan - Nissan extends deal with Mitsubishi
TOKYO,Japan --Reuters -August 8, 2006: -- Nissan Motor Co. and Mitsubishi Motors Corp. said on Tuesday they had signed a deal that would see Mitsubishi supplying Nissan with the next-generation eK Wagon minivehicle from the October-March second half of this business year...
* China - Car sales growth slows in July
SHANGHAI,China -Reuters -August 8, 2006: -- Car sales in China, the world's second-largest vehicle market, rose at their slowest annual pace this year in July as tax measures and higher petrol prices hit sales of sport utility vehicles in particular...
* India - July car sales up 28.4%
NEW DELHI -Reuters -August 8, 2006: -- India's domestic car sales in July rose 28.4 percent from a year earlier, an industry body said on Tuesday, helped by lower taxes and discounts offered by producers in a booming but highly competitive market...
* Russia - Auto production up 11% in H1
MOSCOW,Russia -Interfax -Aug 7 2006: -- Russian automakers increased automobile production by 10.7% year-on-year to 696,462 vehicles in the first half of 2006, according to ASM-Holding, the company that monitors the auto industry in Russia and the CIS...
* China - Honda/Denway Chinese JV Jan-July car sales up 8.5%
HONG KONG,China -Reuters -August 7, 2006: -- The Chinese car-making joint venture between Japan's Honda Motor Co. and Denway Motors Ltd. said it sold 140,230 cars in January through July, up 8.5 percent from the same period last year...
* Germany - GM Europe: July vehicle sales fall 1.6%
FRANKFURT,Germany -Reuters -August 7, 2006: -- General Motors' vehicle sales in Europe fell 1.6 percent in July, led lower by the Opel brand, but GM still gained market share, the world's biggest carmaker said on Monday...
* South Korea - Hyundai, Kia profits hit by weaker local sales
SEOUL,S. Korea -Reuters -August 7, 2006: -- Hyundai Motor Co., South Korea's top automaker, posted a worse-than-expected 37 percent drop in second quarter net profit on weaker domestic sales, a strong local currency and high raw material costs...
* USA - Toyota Sienna may be recalled
USA - Autoblog, by Damon Lavrinc -Aug 8th 2006: -- Toyota's quality control woes may now include a rear hatch that wants to devour its owners. Not to make light of the matter, but the MY 2004-2005 Toyota Sienna minivan has assaulted eight people already, with four of the attacks leading to injuries... The trouble stems from faulty lift-gate struts that do not hold the weight of the people mover's rear hatch... Currently, the National Highway Traffic Safety Administration (NHTSA) is investigating the matter, involving approximately 400,000 vehicles...
* USA - Broke? GM Fires Multibillion-Dollar Claim Against Delphi
USA - Jalopnik -8 Aug 206: -- ... auto supplier Delphi said the General made a "multibillion-dollar" demand for payments. That's not so good for Delphi considering it's kinda been relying on GM's help to carry out its bankruptcy reorganization. It's also interesting... ...because folks at Delphi are saying they have their own claim to file against the General, and Delphi's creditors have estimated GM's debt to Delphi a in the "billions of dollars" and are complaining Delphi hasn't been working hard enough to try to get payment from the General...
posted by Unknown @ 3:52 PM
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