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AUTOS' NEWS WORLDWIDE
* USA - Toyota trounces U.S. automakers in September sales
Detroit,Mich,USA -The Detroit News, by Tom Krisher/AP -Oct 03, 2006: -- Toyota Motor Corp. trounced the domestic automakers in the U.S. marketplace last month, posting a 25 percent year-over-year sales increase. General Motors Corp. and DaimlerChrysler AG each saw their sales slip by a few percentages points, while Ford Motor Co.'s sales gained 4.7 percent...
* USA - Car study: Japan has $2,400 edge per sale
Detroit,Mich,USA -The Detroit News, by Bryce G. Hoffman/AP -Oct 03, 2006: -- In a dramatic example of the competitive gulf between Japanese and American automakers, Japan's Big Three make on average $2,400 more on each vehicle they sell in North America compared with their Detroit counterparts, according to a study released Monday... The disparity largely can be blamed on U.S. automakers' higher labor costs, lower revenues per vehicle and less efficient design and engineering processes, the study found... The study by the Harbour-Felax Group, a Royal Oak consulting firm, comes as General Motors Corp., Ford Motor Co. and DaimlerChrysler AG's Chrysler Group struggle to rein in costs...
* Japan - Nissan, Renault stock rise after GM alliance talks called off
Tokyo,Japan -The Detroit News, by Carl Freire/AP -Oct 05, 2006: -- Shares of Nissan and Renault rose Thursday as investors reacted with relief to news that General Motors called off talks on possibly creating a three-way alliance... The three-month-long talks came undone as Nissan Motor Co. and Renault SA of France declined to pay a premium for reaping what General Motors Corp. said would have been a disproportionate share of the benefits, according to a joint statement issued by the companies...
* USA - GM tightens defense against hostile acts
Detroit,Mich,USA -The Detroit News, by Bill Vlasic -Oct 04, 2006: -- General Motors Corp. changed its corporate bylaws Tuesday to possibly thwart hostile actions by large shareholders such as billionaire investor Kirk Kerkorian... The moves came after GM's board of directors met to consider the ongoing alliance talks between GM, and Renault SA and Nissan Motor Co., as well as Kerkorian's recent request that outside advisers be hired to study the deal...
* USA - Burning questions - The two sides could not agree on financial terms for a deal - It's essentially a victory for CEO Rick Wagoner, and a blow to investor Kirk Kerkorian
Detroit,Mich,USA -The Detroit News -Oct 05, 2006: -- For more than two months, the automotive world has been fascinated by the possibility of an alliance among GM, Nissan and Renault that would have changed the global automotive landscape... On Wednesday, the chance of such a deal evaporated...
* USA - Ford focus is on fixes, lukewarm to alliance
Detroit,Mich,USA -The Detroit News, by Bryce G. Hoffman -Oct 05, 2006: -- Carlos Ghosn, CEO of Renault SA and Nissan Motor Co., is interested in discussing a possible alliance with Ford Motor Co. now that his talks with General Motors Corp. have unraveled, but with a new CEO at Ford's helm he may have missed his chance... While Ford Chairman Bill Ford Jr. has courted Ghosn in the past, Ford sources told that the situation has changed since the appointment last month of Boeing Co. executive Alan Mulally as Ford's president and CEO...
* USA - How Mercedes may eventually take over Chrysler Group
USA -Chrysler weblog -5 Oct 2006: -- Last year, DCX introduced a new management model where HR and IT function are consolidated between Auburn Hills and Stuttgart. Now we are seeing more of a push for platform sharing and powertain and design outsourcing. Do you see a trend developing?... As Chrysler Group employees retire in the next 5-10 years, work will probably either be outsourced or shifted to Germany... Maybe Mercedes is already testing this strategy by experimenting with HR and IT departments. While this good for creating shareholder value, what impact do you think it will have on the Chrysler Group brands? If this is indeed Mercedes’ strategy, who would have thought it would take 20 years to fully complete the merger?...
* USA - Ford Truck Recall Notice Comes Too Late
Nashville,TN,USA -WTVF/News Channel5 -Oct 5, 2006: -- A woman got quite a scare when her Ford truck burst into flames... Now the Fire Marshal is looking into whether the fire was caused by a faulty Ford part... This summer, Ford recalled a tiny part of the cruise control mechanism on millions of F-150 trucks that can corrode and catch fire... The 1995 Ford F-150 truck was parked in Gregor's driveway when it happened...
posted by Unknown @ 5:00 PM
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