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AUTOS' NEWS
* USA - 5,500 Mich. jobs to be lostAulburn Hills,Mich,USA -The Detroit News, by Josee Valcourt -15 Feb 2007: -- Metro Detroit dodged a major plant closure in the Chrysler Group's massive restructuring, but the area will still bear the brunt of the automaker's job cuts... Chrysler will slash more than 3,600 factory jobs in the Detroit area by eliminating a shift at its truck plant in Warren and cutting work at engine plants, stamping plants and other facilities... (Photo by Steve Perez / The Detroit News: "It's not good news for Michigan at all," says Debra Morton, an assembler in the body shop of Warren Truck. "It's really hard on families when there are job cuts, loss of benefits, health and dental care.")
* USA - GM turns up $200M in earnings - Carmaker, which is working to straighten out accounting issues, restates finances after reviewing '02, '06 statements.
Detroit,Mich,USA - The Detroit News, by Sharon Terlep -Feb 17, 2007: -- General Motors Corp. has turned up an additional $200 million in earnings previously unaccounted for between 2002 and 2006 in a review of its financial statements that is almost complete, according to a Friday filing with the Securities and Exchange Commission... The automaker, which has restated results seven times in the past two years, said it may request a 15-day extension of the March 1 SEC filing deadline. GM was initially expected to announce its 2006 results on Jan. 30...
Detroit,Mich,USA - The Detroit News, by Sharon Terlep -Feb 17, 2007: -- General Motors Corp. has turned up an additional $200 million in earnings previously unaccounted for between 2002 and 2006 in a review of its financial statements that is almost complete, according to a Friday filing with the Securities and Exchange Commission... The automaker, which has restated results seven times in the past two years, said it may request a 15-day extension of the March 1 SEC filing deadline. GM was initially expected to announce its 2006 results on Jan. 30...
* USA - DCX to sell U.S. brands in China
Detroit,Mich,USA - The Detroit News/Bloomberg News -Feb 17, 2007: -- DaimlerChrysler AG will start selling Dodge cars in China as it aims to expand in the world's fastest-growing auto market... Chrysler will introduce its first Dodge model, three Jeep models and one Chrysler vehicle in China later this year, the company said in an e-mailed statement Friday... DaimlerChrysler and its partners are spending 1.5 billion euros ($1.9 billion) in China on increasing capacity in a bid to win market share. Sales of the company's Mercedes-Benz sedans trail behind Volkswagen AG's Audi and Bayerische Motoren Werke AG, which have both built cars locally for at least two years...
Detroit,Mich,USA - The Detroit News/Bloomberg News -Feb 17, 2007: -- DaimlerChrysler AG will start selling Dodge cars in China as it aims to expand in the world's fastest-growing auto market... Chrysler will introduce its first Dodge model, three Jeep models and one Chrysler vehicle in China later this year, the company said in an e-mailed statement Friday... DaimlerChrysler and its partners are spending 1.5 billion euros ($1.9 billion) in China on increasing capacity in a bid to win market share. Sales of the company's Mercedes-Benz sedans trail behind Volkswagen AG's Audi and Bayerische Motoren Werke AG, which have both built cars locally for at least two years...
* USA - 2006 Ram pickups recalled by Chrysler
Detroit,Mich,USA - The Detroit News -Feb 17, 2007: -- DaimlerChrysler AG's Chrysler unit is recalling some 2006 Dodge Ram pickup trucks because their front-wheel bearings may not have enough grease... The action includes as many as 86,333 of the pickups built between Nov. 7, 2005, and April 27, 2006, the company told the National Highway Traffic Safety Administration... The problem can cause noise and vibration that, if not addressed, could lead to a loss of control and a crash, the agency said...
Detroit,Mich,USA - The Detroit News -Feb 17, 2007: -- DaimlerChrysler AG's Chrysler unit is recalling some 2006 Dodge Ram pickup trucks because their front-wheel bearings may not have enough grease... The action includes as many as 86,333 of the pickups built between Nov. 7, 2005, and April 27, 2006, the company told the National Highway Traffic Safety Administration... The problem can cause noise and vibration that, if not addressed, could lead to a loss of control and a crash, the agency said...
Labels: autos news
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