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AUTOS' WORLD NEWS
* USA - Ford may lose up to $9 billion this year
New York,NY,USA -The Detroit News/Reuters -Sept 14, 2006: -- Ford Motor Co. could post a pretax loss of $8 billion to $9 billion this year because of losses at its automotive operations and charges for restructuring, reported today, citing unnamed Ford sources... Automotive operations are projected to rack up pretax losses of $5.6 billion to $5.9 billion, according to a Sept. 6 internal report prepared by CFO Don Leclair's office, according to the report... "We're not commenting on speculation," Ford spokesman Oscar Suris told...
* USA - NHSTA Could Mandate Stability Control
USA Today -11 Sept 2006: -- The National Highway Traffic Safety Administration (NHTSA) could propose, as soon as this week, that every passenger vehicle sold in this country be outfitted with stability control... The Insurance Institute for Highway Safety, a separate research group, estimates 10,000 lives could be saved each year if the systems were made standard equipment... The new NHTSA rules would likely take three years or more to implement... The paper adds automakers aren't likely to balk at the rule but may ask for more time to implement the feature, which is interdependent with anti-lock braking... More than 80 percent of all vehicles now offer anti-lock brakes as standard...
* USA - Ford Making Stability Control Standard
USA -The Car Connection -12 Sept 2006: -- In advance of an expected mandate from the National Highway Traffic Safety Administration (NHTSA), Ford Motor Company says it will make stability control standard on all its vehicles by 2009. All Ford, Lincoln and Mercury vehicles will have the features, while Volvos and Jaguars already offer the system... The agency is expected to announce the new rule on Thursday morning, giving automakers at least three years to install the systems on their vehicles... Safety officials from the NHTSA and insurance groups estimate stability control could save 10,000 lives each year if made standard...
* USA - Toyota sees U.S. sales up 3-5 percent in 2007
Detroit,Mich,USA -Reuters -13 Sept 2006: -- Toyota Motor Corp.'s vice president of external affairs said the automaker "can envision" a 3 percent to 5 percent U.S. sales increase in 2007... "I don't believe that anyone in our organization believes it's going to be in the 10 to 12 percent range that it has been in the last couple of years," Irv Miller said...
* USA - GM on track to sell 3 million vehicles in '06, exec says
Detroit,Mich,USA -Reuters -13 Sept 2006: -- General Motors is on track to sell 3 million vehicles in the United States this year, almost flat from last year, while its new warranty program will likely boost market share in the full-sized pickup segment, an executive said today... "We're on track for 3 million retail sales in 2006," said Brent Dewar, GM's vice president of sales, service and parts...
* Germany - Toyota on track to hit German sales target
Frankfurt,Germany -Reuters -12 Sept 2006: -- Toyota Motor Corp. remains on track to hit its 2006 target for selling 140,000 units in Germany, Europe's biggest auto market, the world's second-largest carmaker said today...
* Germany - BMW to roll out hydrogen-powered 7 series in April
Munich,Germany -Reuters -12 Sept 2006: -- BMW will roll out the world's first hydrogen-burning car in serial production early next year, the automaker said today, eager to put its stamp on cars with green credentials. The specially equipped 7-series sedans emit only water vapor when running on hydrogen...
* China - Honda's China car sales up 17 percent through August
Shanghai,China -Reuters -12 Sept 2006: -- Honda Motor Co.'s China sales rose 17.1 percent in the first eight months of 2006, lagging a faster expansion in the overall market where car sales jumped nearly a third. In the first eight months, Honda sold 193,582 vehicles in China, up from 165,270 units a year earlier, the Japanese firm said today...
* Russia - AvtoVAZ to pick investor, will not sell stake
Moscow,Russia -Reuters -14 Sept 2006: -- AvtoVAZ, Russia's No.1 carmaker, will select by mid-October a strategic investor from a number of foreign auto firms but will not consider an equity deal, a senior government official said today...
* Japan - Honda co-develops process to make biomass ethanol
Tokyo,Japan - Reuters -14 Sept 2006: -- Honda Motor Co. said today it has co-developed the world's first practical process for producing ethanol out of cellulosic biomass in what would be a big step toward using non-edible plant materials as fuel...
posted by Unknown @ 11:28 AM
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