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AUTOS' NEWS WORLDWIDE
* China - DaimlerChrysler Opens New China FactoryBeijing,China -The Associated Press By JOE McDONALD -Sept 15, 2006: -- DaimlerChrysler AG on Friday formally opened its first factory to make Mercedes-Benz and Chrysler sedans in China, joining a rush of foreign automakers scrambling for a share of the booming Chinese car market... DaimlerChrysler said the factory in suburban Beijing is part of a 1.5 billion euro ($1.9 billion) investment in China... (Photo: DaimlerChrysler's Chairman Dieter Zetsche, left, flashes a thumbs-up sign to a Chinese worker as he tours its new manufacturing facility in Beijing)
* Germany - Chrysler group to post $1.5 billion loss in third quarter
Frankfurt,Germany -Reuters -15 Sept 2006: -- Mounting losses at the Chrysler group forced DaimlerChrysler to cut its 2006 operating profit forecast by around $1.27 billion (1 billion euros) today. The automaker predicted the Chrysler group could lose $1.5 billion (1.2 billion euros) in the third quarter and $1.27 billion (1 billion euros) for the year...
* USA - DaimlerChrysler cuts 2006 outlook - Shares slide amid tougher competition; Moody's lowers debt rating
San Francisco,CAL,USA -MarketWatch, by Sarah Turner & Jim Jelter -Sep 15, 2006: -- Shares of DaimlerChrysler took a tumble Friday after the German-American auto maker slashed its earnings outlook for 2006 as its struggling U.S. operations appear headed for a hefty loss... DaimlerChrysler revised its full-year operating profit to about 5 billion euros, or $6.4 billion, down from it previous forecast of more than 6 billion euros. The warning triggered a big sell-off in the company's German shares, shedding 6% in Frankfurt... The drop was even steeper for the company's New York Stock Exchange-traded shares, which fell nearly 7% to close at $49.36...
* China - Daimler Looking Outside U.S. for Source of Subcompacts
Beijing,China -The New York Times, by KEITH BRADSHER -Sept 16, 2006: -- DaimlerChrysler is in talks with companies in China and elsewhere for the export of subcompact cars to North America, the company’s chairman said here on Friday in comments that could renew anxieties in Detroit about competition from China...
* USA - Lutz: I'll push GM board for fuel cell car production
USA -Reuters -14 Sept 2006: -- General Motors Vice Chairman Bob Lutz says he will push for the company's strategy board to fund full-production versions of GM's upcoming fuel cell vehicles even if it means a slight delay for mainstream products. GM expects to have fuel cell technology ready for production in 2010...
* Japan - Nissan to test network for safer roads
Yokohama, Japan -Reuters -15 Sept 2006: -- Nissan Motor Co. said today it would test a new car-to-road communication system over the next few years aimed at making Japanese roads safer and less congested...
* Japan - Honda develops new way to make biofuel
Tokyo,Japan -The Associated Press -16 Sept 2006: -- Honda Motor Co. has developed a way to make ethanol fuel from plant waste matter in a process that has the potential to expand the use of biofuels that fight global warming... Existing bio-ethanol production faces supply limits because it uses sugar and starch of sugarcane or from corn, both of which are also utilized as food. By tapping far greater supplies of inedible plant matter, such as stalks, leaves and rice straw, the new fuel takes a step toward making biofuels more practical, Tokyo-based Honda said in release...
posted by Unknown @ 10:55 AM
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