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Feb 21, 2007

AUTOMAKERS' NEWS

* USA - Most-Recalled Cars -
USA -Forbes, by Dan Lienert -19 Feb 2007: -- ... This is an example of a recall at its most serious: a grave problem affecting a large number of vehicles, prompting the automaker to spring to action and immediately contact owners... Other recalls, on the other hand, are not so grim... Indeed, while some recalls can affect tens of thousands of cars, many can affect a small number of models. One of the Sonata's 2006 recalls--a problem with the headlights--potentially affected only 500 vehicles... Small and minor recalls are just two things that make them imperfect indicators of vehicle safety, even though recalls can teach us a lot about major trouble spots...

Some, though, say the number of recalls issued each year is too high...

* Germany - Volkswagen doubles profit in 2006
Wolfsburg,Germany -The Detroit News (USA)/Bloomberg News -Feb 20, 2007: -- Volkswagen AG, Europe's largest carmaker, said 2006 profit more than doubled after new Audi and Skoda models attracted buyers and a tax gain added to earnings, reported today... The auto maker's shares rose to an 8 1/2-year high... Net income increased to 2.75 billion euros ($3.61 billion), or 7.07 euros a share, from 1.12 billion euros, or 2.90 euros, a year earlier, the Wolfsburg, Germany-based carmaker said. Sales rose 12 percent to 104.9 billion euros...

* USA - Toyota Tundra Triumphs over Chevrolet and Nissan in Edmunds’ Inside Line Half-Ton Truck Comparison Test
Santa Monica,CAL,USA -BUSINESS WIRE -Feb 20, 2007: -- Edmunds’ high-speed online car magazine and the most-read automotive enthusiast Web site, today announced that the 2007 Toyota Tundra squeaked by the 2007 Chevrolet Silverado to win the 2007 Half-Ton Pickup Truck Comparison Test...

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