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AUTOS' NEWS WORLDWIDE
* USA - Ghosn to GM: Deal could save $10B yearly
Detroit,Mich,USA -The Detroit News, by Bill Vlasic & Christine Tierney -27 Sept 2006: -- Carlos Ghosn was expected today to tell General Motors Corp. Chairman Rick Wagoner that GM could save at least $10 billion a year by entering into an alliance with Renault SA and Nissan Motor Co., according to people close to the situation... Ghosn, the chief executive of Renault and Nissan, was prepared to lay out the blockbuster savings target in a critical meeting with Wagoner this morning at Renault's headquarters near Paris... Nissan-Renault's estimate that GM could save $10 billion annually within five years underscores Ghosn's belief that an alliance would reshape the global auto industry and boost the fortunes of all three automakers...
* USA - Lawsuit on Auto Emissions Advances
USA -Bloomberg News -Sept 27, 2006: -- General Motors Corp., Toyota Motor Corp., Ford Motor Co. and other automakers have won a court bid to challenge California rules limiting tailpipe emissions linked to global warming... A federal judge in Fresno, in a ruling filed Monday, turned down California's request to dismiss the case, saying the issues raised by the auto companies in the 2004 lawsuit should be decided in a trial... U.S. District Judge Anthony Ishii did not rule on the merits of the case. A trial is scheduled for Jan. 16... The auto industry sued California in 2004 to block a law that mandates a nearly 30% reduction in heat-trapping gases emitted by passenger cars and trucks...
* USA - Ford's problems could affect Volvo's product plans
USA -AutoWeek, by JAMES R. CRATE -25 Sept 2006: -- Volvo has launched an ambitious product-based plan for turning around its fortunes in the United States... The carmaker's U.S. sales fell 11.1 percent last year and were off 9.3 percent to 79,997 units in the first eight months of 2006... Even with the lower volume and a weak dollar, which has hammered profits on U.S. sales, America remains critical for Volvo because it usually accounts for about 30 percent of the automaker's total global volume...
* USA - Small cars stage a big turnaround
USA -USA TODAY, by Chris Woodyard -26 Sept 2006: -- Small-car sales could set a record this year, a comeback from decades of being disparaged as unsafe, cramped and poorly built... This year will see the highest percentage of small cars, compacts and subcompacts sold since at least 1987, predicts consultants AutoPacific. Small cars will account for 31.5% of the total passenger car market, up a percentage point from last year. Market share will keep climbing through 2010, AutoPacific says...
* France - French impress at Paris Motor Show
Paris,France -BBC News, by Jorn Madslien -27 Sept 2006: -- French carmakers are pulling out all the stops at this year's motor show in Paris... Faced with tough competition, the firms are unveiling butch new models they hope will help them survive amid the turmoil that has shaken the car industry in recent months... Peugeot is taking a bold step into muscle car territory with its aggressive looking 908 RC, powered by a 700bhp diesel engine that aims to showcase its diesel technology... Sister marque Citroen is pushing the technology one step further, in a somewhat different direction, with its C-Metisse hybrid that combines a diesel engine with electric motors... Rival Renault is showcasing a convertible luxury concept designed to rival Bentley's Continental GTC and help push the brand into more upmarket niches in order to boost flagging demand...
* VietNam - Low priced Malaysian cars to start engine
Hanoi,VietNam -The VietNam Economy -27 Sept 2006: -- A Malaysian-invested car manufacturer began operating in the central province of Phu Yen on Sept. 26, targeting the low-priced market... The JRD-Vietnam Joint Venture Company, which was built on 100 ha in An My commune, Tuy An district, has been invested with US$100 million from the JRD group of Malaysia. Its existing annual capacity of 15,000 vehicles will be increased to 30,000 units in the near future. By 2008, the company will produce 50,000 vehicles a year...
* India: Small Cars Are on a Roll
NY,USA -Bussiness Week (USA), by Nandini Lakshman -Sept 26, 2006: -- Fueled by huge investment—and cuts in excise tax—the subcontinent's small-vehicle market is expected to double in the next four years... Small is beautiful when it comes to India's car market. Though India's auto industry is nowhere near as developed as China's, investment is starting to pour into the small-car segment. Global auto companies such as Hyundai and Honda and local ones such as Tata Motors and Maruti Udyog, a subsidiary of Japan's Suzuki Motor, are rushing forward with plans to launch small car models they hope will click with India's emerging middle class...
posted by Unknown @ 11:48 AM
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