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AUTOMAKERS NEWS * USA & Japan & India
* Michigan - 3 years on, Chrysler-Fiat marriage has shown profit
(Photo by Elizabeth Conley / The Detroit News: Imported to Detroit CEO Sergio Marchionne has turned Chrysler into a powerhouse once again) Detroit,MICH,USA -The Detroit News, by Bryce G. Hoffman -June 7, 2012: -- Critics doubted whether the Chrysler-Fiat marriage would work, but after three years CEO Sergio Marchionne has turned Chrysler into a powerhouse once again... On June 10, 2009, Chrysler Group LLC emerged from a government-sponsored bankruptcy wedded to Italian automaker Fiat SpA... Adam Jonas, an auto analyst with Morgan Stanley in London, in 2009 summed "Fiat-Chrysler probably won't make anything significant together" ... Marchionne paid back the American taxpayer years ahead of schedule, returned Chrysler to profitability, reopened shuttered factories and again gave people a reason to believe in Detroit. Instead of dragging Fiat down, as many analysts feared, Chrysler is now propping up its Italian parent as Fiat struggles to weather the worst economic storm to hit Europe since World War II...
* Japan: MX-5 Spyder, with its style, power, it could be the basis for the Miata/Alfa
Fuchu,Aki,Hiroshima,Japan -The Detroit News, by Larry Edsall -June 7, 2012: -- Recent news that Mazda and Fiat's Alfa Romeo division will work together on the next-generation Miata, producing not only that car but a version for Alfa, made me think immediately of a couple things... Italians are known for designing and engineering cars that are fun to drive, but how much more fun can a car be than the Miata has been all along?... The goal, says Mazda, is to be clean and green, fuel-efficient but also very powerful. That concept works on the road just as well as the racetrack... Maybe this next-gen Miata/Alfa really will be even more fun to drive...
- RECALLS -
* DC - Kia recalls thousands of 2009 Borregos
Washington,DC,USA -The Detroit News
-June 7, 2012: -- Kia Motors America is recalling nearly 22,000
Borrego SUVs because the brake pedal mounts can break during
collisions... The National Highway Traffic Safety Administration says
on its website that if the mounts break while the SUVs are moving,
drivers would have trouble stopping them... Borregos affected by the
recall are from the 2009 model year. They have brake pedals that aren't
adjustable. Kia will replace the plastic brake pedal mounts free of
charge. The recall will start later this month...
- ELECTRIC CARS -
* California - Honda Fit EV gets highest EPA fuel economy rating at 118 mpg
(Photo by Reed Saxon / Associated Press: The 2013 Honda Fit EV has received the highest fuel-efficiency rating ever from the Environmental Protection Agency)Torrance,CAL,USA -The Detroit News, by David Shepardson -June 7, 2012: -- The 2013 Honda Fit EV has received a combined adjusted EPA mile-per-gallon-equivalency rating of 118 MPGe — the highest fuel-efficiency rating ever given by the EPA... The Honda Fit has an EPA combined city/highway estimated driving range rating of 82 miles... Its new rating tops the Ford Focus Electric (105 MPGe, 76-mile range), Nissan Leaf (99 MPGe, 73-mile range) and Mitsubishi i-MiEV (112 MPGe, 62-mile range)...
* Michigan - '13 Volt's electric range extended to 38 miles on charge
Detroit,MICH,USA -The Detroit News, by Melissa Burden -June 7, 2012: -- The 2013 model of the Chevrolet Volt — available this summer — will increase its all-electric range from 35 to 38 miles on a charge, General Motors Co. said Thursday... GM said the U.S. Environmental Protection Agency estimated range of 38 depends on driving technique, terrain and temperature. The miles-per-gallon equivalent on the plug-in hybrid will jump from 94 miles to 98 miles over the 2012 model, the Detroit automaker said... Pricing for the 2013 Volt will remain the same as 2012 price...- LAWSUIT -
* Georgia - US auto dealers sue Indian truck manufacturer
Atlanta,GA,USA -AP/Associated Press, by KATE BRUMBACK -6 June 2012: -- Lawyers for U.S. automobile dealers in five states said they've filed a lawsuit accusing an Indian truck manufacturer and its American counterpart of fraud, misrepresentation and conspiracy... The lawyers said the suit was filed Monday in federal court in Atlanta against Mahindra and Mahindra Ltd. and Mahindra USA Inc. on behalf of dealerships in New Hampshire, Florida, California, New Jersey and Washington. The lawsuit claims that Mahindra duped hundreds of auto dealers and walked away with millions in cash and trade secrets... The auto dealers paid initial dealership fees, hired additional staff, did marketing and built Mahindra showrooms, display platforms and showcases, all at Mahindra's urging, the lawsuit says...* India - Mahindra refutes all allegations of US dealers
Mumbai,Maharashtra,India -Mahindra (PR) -6 June 2012: -- Mahindra and Mahindra Ltd. and Mahindra USA Inc. said, "We cannot comment on this as the matter is in the courts but we would like to state that some dealers had earlier filed a suit against Mahindra and Global Vehicles in the US District Court in Missouri. The Missouri Court dismissed all claims against Mahindra in that suit. Significantly, the Missouri Court also ruled that Mahindra could not be held liable for any action of Global Vehicles with respect to its dealers"... In a separate related development, an International Arbitral tribunal has in February 2012 dismissed similar allegations and claims against Mahindra made by Global Vehicles. Mahindra is in the process of enforcing that arbitration award... Mahindra unequivocally denies all allegations of fraud, misrepresentation and conspiracy...
posted by Unknown @ 7:07 PM
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