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AUTOS' NEWS WORLDWIDE
* USA - California AG sues automakers over vehicle emissions - It's part of a strategy to address global warming
CAL,USA -The Associated Press, by SAMANTHA YOUNG -Sept 20, 2006: -- California's attorney general on Wednesday sued the six largest U.S. and Japanese automakers, including GM, Ford and Toyota, for damages related to greenhouse gas emissions... The federal lawsuit alleges that emissions from their vehicles have harmed Californians' health, damaged the environment and cost the state millions of dollars to combat their effects... 'It's part of a strategy to address global warming,' Attorney General Bill Lockyer told in a telephone interview. 'The goal of this one is to hold these automobile manufacturers accountable for the monies taxpayers are spending to address these harms.'... The lawsuit is the latest effort from California to combat the effects of global warming...
* USA - Plan would offer Detroit automakers credit help
Washington,DC,USA -Reuters -Sept 21, 2006: -- A proposal to offer up to $20 billion in U.S. loan guarantees to automakers to develop alternative fuels, hybrids and other energy saving technologies is expected to be introduced in Congress next week... The plan by Rep. Mike Rogers, is specifically aimed at the struggling Detroit 3 -- General Motors, Ford Motor Co. and the Chrysler group... It is the first large-scale government proposal designed to help Detroit's auto sector since its financial troubles became more acute this year...
* USA - Chrysler Will Cut Shipments by 90,000
USA -The Associated Press, by SARAH KARUSH -Sept 19, 2006: -- "After the disappointing sales performance in July and August, we had to finally bite the bullet" ... DaimlerChrysler AG's Chrysler Group will cut deliveries to dealers by 90,000 vehicles, or nearly 24 percent, in the third quarter, as falling sales of trucks and SUVs have left it with bloated inventories, DaimlerChrysler Chairman Dieter Zetsche said Tuesday... For the entire second half of the year, Chrysler plans to bring retail shipments down by 135,000 units from its previous target. It has also scaled back production for the rest of the year...
* USA - Mulally already shaking up Ford: "That doesn't work for me" - In ways big and small, new CEO sets tone for change at ailing automaker
Flint,Mich,USA -The Detroit News, by Bryce G. Hoffman -Sept 22, 2006: -- Alan Mulally took one look at the jam-packed executive meeting schedule at Ford Motor Co. last week and shook his head... "That doesn't work for me" he said... That's a favorite phrase of Ford's new president and CEO -- his way of saying things are going to change in Dearborn -- quickly... Mulally told executives there are too many meetings and he asked when they found time to focus on the customer... So he implemented a standing Thursday meeting of his senior leadership team where he expects them to show up prepared and ready to take action...
* USA - State hopes to limit Ford job cuts -- Granholm said $151 million in tax incentives still on the table if automaker invests in Mich. factories
Flint,Mich,USA -The Detroit News, by Bryce G. Hoffman -Sept 23, 2006: -- Gov. Jennifer Granholm said Friday that a $151 million tax incentives offer to Ford Motor Co. is still on the table, and she continues to work with the struggling automaker to save as many Michigan jobs as possible... Last week, Ford announced an accelerated North American restructuring plan that aims to eliminate as many as 44,000 jobs by the end of next year and idle 16 plants by the end of 2012...
* USA - Ford expects plants at full capacity by '08 - Automaker predicts its U.S. operations will run at peak potential after plant idlings, shift cuts
Detroit,Mich,USA -Associated Press -Sept 21, 2006: -- Ford Motor Co. predicted on Wednesday that its North American manufacturing plants will be running at 100 percent capacity by 2008 following its restructuring plan that expects to shutter 16 plants within the next six years... Ford said in a filing with the Securities and Exchange Commission that it planned to build 3 million vehicles without paying overtime while its "maximum installed" capacity would be 3.6 million vehicles, which would include overtime...
* Japan - Mitsubishi to Recall 27,367 Minivans
Tokyo,Japan -The Associated Press -Sept 22, 2006: -- Japan's Mitsubishi Motors Corp. will recall more than 25,000 minivans over an airbag defect, the transportation ministry announced Friday... Mitsubishi Motors, Japan's fourth-largest automaker, will be recalling 27,367 'i' minivans due to a defect in how passenger-side airbags were packed that could prevent them from inflating fully, the Ministry of Land, Infrastructure and Transport said in a statement...
* Japan - Toyota Prius Production Increased By 50%
Tokyo,Japan -Reuters/The Auto Channel/dailyNihon Keizai business-Sept 22, 2006: -- Toyota Motor Corp. plans to increase production of its popular Prius hybrid cars in Japan to 300,000 units in 2007, a rise of 50 percent, reported on Friday... Japan's top auto maker dominates the market for hybrid cars, which twin a conventional engine with an electric motor to improve mileage, and is keen to spread the system as the main alternative to today's internal combustion engines... It forecast its group global vehicle sales will grow 11 percent to 9.8 million units in 2008 from an expected 8.85 million units this year, supported by the planned addition of 1.13 million units in output capacity worldwide by then... That goal means Toyota is more likely than ever to overtake General Motors Corp. as the world's top seller of automobiles -- a position GM has held for 75 years...
* Japan - Nissan to sell own hybrid car in 2010 - paper
Tokyo,Japan -Reuters/daily Yomiuri Shimbun -Sep 23, 2006: -- Nissan Motor Co. plans to sell a hybrid vehicle developed in-house in 2010, limiting its licensing ties with Toyota Motor Corp. to the Altima sedan due in the United States next year, reported on Saturday... Japan's two biggest car makers signed a deal in 2002 under which Toyota would sell its hybrid system to Nissan... Nissan, held 44 percent by France's Renault SA, has lagged in the development of the powertrain, which twins a gasoline engine with an electric motor to save fuel...
* USA - Yahoo says ad slowdown in auto, to crimp sales
San Francisco,CAL,USA -MarketWatch, by Ben Charny -Sep 19, 2006: -- Yahoo Inc. shares fell more than 11% Tuesday and took other Internet stocks with them after the company's chief financial officer warned that a slowdown in auto and financial advertising spending will crimp third-quarter sales... Speaking to investors in New York at a conference sponsored by Goldman Sachs, Chief Financial Officer Sue Decker said weak sales of online automotive and financial ads during the last three to four weeks will cause the Internet giant's revenue to "come in at the bottom half" of the $1.11 billion to $1.22 billion range that Sunnyvale, Calif.-based Yahoo had forecast in July...
* Germany - Union extends Volkswagen ultimatum to Wednesday
Hanover,Germany -Reuters -22 Sept 2006: -- German engineering union IG Metall has extended until Wednesday, Sept. 27, its ultimatum to Volkswagen to provide binding and concrete investments that will secure jobs for its German workforce... The union, which represents the 100,000 staff at VW's six western German plants, said that the second round of key talks on cutting labor costs ended today without a result...
posted by Unknown @ 11:22 AM
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