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AUTOMAKERS NEWS * WORLDWIDE
Briefing News
(Photo by Fabrice Coffrini /AFP /Getty Images: An Opel Ampera is displayed at the German carmaker's booth at the Geneva Motor Show. Chevrolet Volt / Opel Ampera has been awarded "Car of the year 2012" during a ceremony on the eve of the Car show press day)
* Stake in Peugeot to cost GM $423M. Alliance expects $2B in eventual annual savings, filing states
- General Motors Co. plans to spend about $423 million to acquire 7 percent of PSA Peugeot Citroen, according to a U.S. Securities and Exchange Commission filing Monday from the automaker... Read more* European carmaker Peugeot to sell shares at 42% discount
- PSA Peugeot Citroen, Europe's second-biggest carmaker, plans to sell shares in a 1 billion-euro ($1.32 billion) capital increase at a 42 percent discount. Shareholders, who will have the right to buy 16 shares for every 31 they already own, will pay 8.27 euros per share, the Paris-based carmaker said in an e-mailed statement Tuesday... Read more* Ford chief Alan Mulally awarded $58.3M in company stock- Ford Motor Co. President and CEO Alan Mulally received $58.3 million in company stock this week as part of a 2009 long-term incentive pay package, the automaker disclosed Tuesday... Read more
* Automakers prepare for deeper European decline
- Ford, which is predicting a $600M loss, is stopping production on some days. Bayerische Motoren Werke AG, Toyota Motor Corp. and their competitors are preparing for a deeper slump in European sales after deliveries at the beginning of the year were at the low end of their expectations... Read More* There was some good news for GM Europe
- The Opel-Vauxhall Ampera, Europe's version of the Chevrolet Volt extended-range electric vehicle, was named European Car of the Year in Geneva, the day before... Read more* GM to suspend Volt production. More inventory than customers reason for five-week shutdown
- General Motors Co. will halt production of its plug-in Chevrolet Volt — which was to be the symbol of the cutting-edge, post-bankruptcy automaker — for five weeks starting March 19... Read more* Sergio Marchionne doesn't mince words: "Fiat needs to take a cue from Chrysler"
- Fed up with Europe's problems, Marchionne moves more toward U.S. The deepening economic crisis across Europe, along with Fiat SpA's push to revive its eponymous and Alfa Romeo brands in the United States, could prove a boon to Chrysler Group LLC... Read more... and more* Fiat may change Dodge Dart launch date to avoid April Fool's 'jinx'
- Fiat and Chrysler CEO Sergio Marchionne says he may shift the date of the Dodge Dart's production launch off of April 1 to "to avoid being jinxed" by an April Fool's Day launch. The Dodge Dart is the first Chrysler model to use Fiat architecture under the nearly three-year-old alliance... Read more* GM reports strong sales for brands in China
- General Motors Co. said Tuesday that February was its third highest month ever for sales in China, where it sold 240,554 cars and trucks last month... The automaker said the February figure was a record for that month and was up 30.4 percent from February 2011... Read more
* China to curb auto production capacity, promote new-energy cars
- China will control the increase in auto manufacturing capacity and encourage mergers and reorganizations in the industry, according to a work report that Premier Wen Jiabao delivered at the nation's legislature. The government will promote new-energy vehicles and encourage the scrapping of old vehicles to reduce pollution, according to a separate report today by the National Development and Reform Commission, the country's top economic planner... Read more* Nissan recalling 30,000 vehicles for engine, air bag problems
- Nissan Motor Co. is recalling nearly 30,000 vehicles in two separate campaigns to address air bag faults and engine stalls. One of the two recalls came under U.S. government pressure... Read more* California bill would set rules for self-driving cars
- California lawmakers are getting ready for a new automotive erawhen the first self-driving cars hit the roads. Tech giant Google Inc., Caltech and other organizations have been working to develop such vehicles, which use radar, video cameras and lasers to navigate roads and stay safe in traffic without human assistance... Read more* Chrysler vote set on shift rotation. Trenton workers will weigh fixed schedules based on seniority
- Workers at Chrysler Group LLC's Trenton Engine Plant are voting on whether they want to keep a controversial rotating shift schedule that the new national agreement Chrysler negotiated with the United Auto Workers last fall... Some workers say has put them in the hospital... Read more
* Mexico's 'Vocho' bids adios
- Capital to retire the last of iconic but outdated Volkswagen Beetle taxis from streets. Today, there are only 3,500 "Vocho" taxis left, and officials said the cabs will be retired at the end of the year... Read more
* Switzerland - The Geneva Car Show: And now ... some pure fun from Rinspeed !!!
(Photo: Rinspeed is displaying its versatile Dock + Go system for electric cars in Geneva)
Geneve,Switzerland -The Detroit News, by Christine Tierney -Mar 2, 2012: -- One of the most popular attractions each year at the Geneva car show is the Rinspeed stand. Rinspeed, founded in 1979 by Swiss visionary Frank Rinderknecht, has turned out fantastic contraptions such as the underwater sQuba car and the amphibious Splash... This year’s concept is just as innovative, but much more practical. Called the Dock+Go, it addresses key concerns about electric cars: the range anxiety surrounding battery-powered vehicles, and their limited utility... Rinspeed’s display in Geneva is based on a Smart two-seater, but any electric-powered car could be adapted to the Dock+Go system. It provides attachments or extensions on a third axle to offer more storage space, for instance, or more battery power... One of the system’s most intriguing innovations is an extension that can be fitted with a supplemental battery pack, fuel cell stack or even a small internal combustion range-extender engine. It uses the third axle to drive the electric car’s rear axle and deliver a recharge to its primary on-board battery pack... Labels: automakers' news
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