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AUTOS' WORLD NEWS
* USA - Bush to meet with Detroit's Big Three on Nov. 14
Washington,DC,USA -Reuters -9 Nov 2006: -- Struggling U.S.-based automakers won a long-sought meeting with President George W. Bush next week and quickly moved to press their agenda on trade and energy issues in post-election Washington...
* Japan - GM, Toyota Leaders Meet
Tokyo,Japan -The Associated Press -Nov 08, 2006: -- General Motors Corp. Chairman and Chief Executive Rick Wagoner held separate meetings in Japan Wednesday with leaders of Toyota, Isuzu and Suzuki, GM said... The meetings were scheduled in advance of Wagoner's trip to Japan and were held to discuss 'areas of mutual interest,' according to a GM statement... The meetings come a day after Toyota Motor Corp. announced it would buy a 5.9 percent stake in Isuzu Motors Ltd. as part of a new deal for the manufacturers to collaborate in engine technology. GM sold its entire 7.9 percent stake in Isuzu back in April...
* China - GM Shows Off Fuel Cell Car in Shanghai
Shanghai,CHI -The Associated Press, by ELAINE KURTENBACH -Nov 06, 2006: -- General Motors CEO Rick Wagoner and Shanghai Mayor Han Zheng took a spin in the company's hydrogen fuel cell-powered Sequel on Monday in an event meant to showcase GM's progress in bringing its newest technology to market... The hydrogen-powered Sequel, which looks like a minivan and has a range of 300 miles, reflects GM's willingness to cater to China's appetite for advanced technology as it builds up its auto sector...
* USA - GM may revive the electric car
Washington,DC,USA -The Detroit News, by David Shepardson -10 Nov 2006: -- General Motors Corp. is likely to unveil a prototype plug-in hybrid at the North American International Auto Show in Detroit as part of its company-wide focus on "electrifying" the car, GM officials said Thursday... The advanced technology vehicle would have an extended driving range on battery power alone and would also have a diesel or gasoline engine that could power the car when the battery was low...
* USA - GM targets 2009 launch of new Hummer
Detroit,MICH,USA -Reuters -9 Nov 2006: -- General Motors will likely launch a new Hummer truck in 2009, the head of the niche brand said... "The new product will have unparalleled off-road capabilities," Hummer General Manager Martin Walsh said on Wednesday, Nov. 8. "Like our current Hummers it would be recognizable from a distance"...
* Japan - Toyota's Quarterly Profit Rises 34 Percent
Tokyo,JAP -AP, by JOSEPH COLEMAN -Nov 7, 2006: -- Toyota said Tuesday its net profit surged 34 percent in the July-September quarter, boosted by strong sales in the North American and European markets at a time its U.S. rivals are struggling... The Japanese automaker, on pace to overtake General Motors Corp. as the world's biggest automaker in coming years, also raised its profit forecast for the full fiscal year through March to 1.55 trillion yen ($13.14 billion), up from an earlier 1.31 trillion yen...
* USA - Ford delays filing quarterly report with regulators
Detroit,MICH,USA -Reuters -9 Nov 2006: -- Ford Motor Co. today said it was delaying the filing of its quarterly report with the Securities and Exchange Commission while the company completes a restatement of past results...
* USA - Ford to cut production at Michigan SUV plant
Detroit,MICH,USA -Reuters -9 Nov 2006: -- Ford Motor Co. will cut production at an SUV plant in Michigan, the automaker said today. Production at the Michigan Truck Plant in Wayne, Mich., will be cut to one shift from two...
* France - Renault, Mahindra boost Indian car project
París,France -Reuters -9 Nov 2006: -- Renault SA and Indian partner Mahindra & Mahindra Ltd. said today they would form a new manufacturing project in India with a greenfield site to build 500,000 cars a year in the fast growing Asian economy. Renault's Japanese alliance partner, Nissan Motor Co. Ltd., may join the project in the next four months, said Carlos Ghosn, CEO of both Renault and Nissan...
* USA - Nissan will consider U.S. automakers' assets, plants
Detroit,MICH,USA -Reuters -9 Nov 2006: -- Nissan Motor Co. Ltd. will consider plants and assets that are being shed by U.S. automakers as the Japanese company looks to expand manufacturing capacity in North America, a top Nissan executive said today... Nissan is also moving production of the Quest minivan from its Canton, Miss...
* China - Geely seals British taxi maker deal
Hong Kong,CHI -Reuters -9 Nov 2006: -- Geely Automobile Holdings Ltd. sealed a deal with Britain's Manganese Bronze Holdings Plc today to make iconic black London taxi cabs in China, as China's motor industry woos the overseas market...
* Germany - Porsche may not raise stake in Volkswagen, source says
Stuttgart,GER -Reuters -9 Nov 2006: -- Porsche may not raise its stake in Volkswagen if the so-called VW Law is not repealed, a source familiar with the situation said today. The law prevents any individual shareholder from exercising more than 20 percent of VW's voting rights, regardless of the size of the stake...
* Dubai - May cut DaimlerChrysler stake at right price
Doha,DUB -Reuters -9 Nov 2006: -- State-owned Dubai International Capital (DIC) may reduce its stake in DaimlerChrysler at the right price, the chief executive of the Gulf emirate's investment agency said today. Asked if he was planning to reduce DIC's stake in DaimlerChrysler, he said, "At the right time, right price, yes"...
* India - DaimlerChrysler plans second plant in India
New Delhi,India -Associated Press/Business Standard -10 Nov 2006: -- Germany's DaimlerChrysler AG plans to invest about $55 million to build a second auto plant in India, a news report said Wednesday... The company is scouting for a suitable location in western Maharashtra state...
* Sweden - Ethanol version of the Volvo C30 coming in January to Europe?
Goteborg,SWE -Göteborgs Posten/Autobloggreen (USA), by Sebastian Blanco -Nov 9, 2006: -- Volvo will be coming out with ethanol-ready versions of its smallest car, the C30... The C30, when it goes on sale next January, will be offered in a "version for ethanol" ... Volvo has decided to expand its Flexifuel lineup to other European countries (France, the UK, Ireland, Spain, Netherlands, Belgium, Switzerland and Norway are on the list of possibilities) but not to America. Volvo has stopped making cars that run on biogas and natural gas, signaling a shift toward other alternative fuels...
posted by Unknown @ 10:43 AM
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