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AUTOS' WORLDWIDE
* USA - Auto reality: Adapt or die
Competition, higher labor costs and rising raw material prices create big challenges - Wagoner says world and auto business are changing fast
TRAVERSE CITY,Mich,USA -The Detroit News, by Bryce G. Hoffman and David Shepardson -August 12, 2006: -- Amid anticipation for the upcoming Woodward Dream Cruise -- Metro Detroit's nostalgic celebration of Detroit-made metal -- auto executives gathered in Traverse City this week and acknowledged a painful truth: The good-old days are over and they're not coming back... The challenges that automakers and their parts suppliers have been grappling with in recent years are not cyclical, but sweeping and structural. The industry is global now, the competition unrelenting. Low-cost rules. Every company must adapt to this new reality or die trying...
* USA - 'Tectonic' shift spurs Ford to speed rollouts - Automaker may earmark $1 billion for Michigan investments
SAN FRANCISCO,CAL,USA -MarketWatch, By Shawn Langlois -Aug 9, 2006: -- Ford Motor Co. said Wednesday it's picking up the pace of new vehicle launches and may invest up to $1 billion in its home state of Michigan as the struggling auto manufacturer moves to hasten its targeted work-force reductions and cost cuts... "Even as we reduce our overall capacity in line with demand and make the tough but necessary cutbacks throughout our business to secure our future, we are not retreating one bit from the necessary investments to bring out more products for our customers," said Mark Fields, the man in charge of turning around Dearborn, Mich.-based Ford's key North American market, didn't go into detail about the company's sweeping "Way Forward" plan, except to say that more specifics would be announced in September...
* India - Growing Elsewhere: GM Expands in
MUMBAI, India -Edmunds.com/Inside Line (USA) -5 Aug 2006: -- General Motors will build a second assembly plant in India as total vehicle sales there are expected to double by 2010, to around 2 million units a year... In July, GM said it planned to introduce the Daewoo-designed Chevrolet Spark in India in early 2007... The automaker is expanding its existing facility in Halol, with annual capacity growing to 85,000 units...
* USA - GM to slow down production of big SUVs
WASHINGTON,DC,USA -Xinhua (Chinaview)/The Wall Street Journal -Aug. 11, 2006: -- General Motors Corp. will slow down the production of its new lineup of large sport-utility vehicles during the second half of the year to cope with rising inventory as average U.S. gasoline prices stay at more than 3 dollars a gallon... GM Chief Executive Rick Wagoner was quoted as saying on Thursday that the company would not shut down SUV production lines but would curtail "some" overtime and introduce other products into the production mix...
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