Auto News Nov 2008

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Strike hits German auto industry
Germany's largest industrial union has launched a series of co-ordinated strikes at automobile and electronics companies as it and employers spar over wage increases. (Sat, 01 Nov 2008 12:57:12 GMT)

Union strike hits German auto industry
Germany's largest industrial union has launched a series of coordinated strikes at automobile and electronics companies as it and employers spar over wage increases. (Sat, 01 Nov 2008 15:30:51 GMT)

Union strike hits German auto industry
(AP:BERLIN) Germany's largest industrial union has launched a series of coordinated strikes in the struggling automobile sector as IG Metall and employers spar over wage increases. (Sat, 01 Nov 2008 15:53:15 GMT)

Ailing auto industry a concern for both candidates
WASHINGTON, D.C. -- In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival. | Election page (Sun, 02 Nov 2008 05:27:19 GMT)

Electric dreams for 'green' driving
The automobile is synonymous with the personal freedom and high standard of living of the consumer lifestyle. Greening the motor industry is about proving that that lifestyle is compatible with the fight against climate change. (Sun, 02 Nov 2008 10:10:23 GMT)

Both candidates seen as friends of automotive industry
WASHINGTON -- With thousands of auto workers in Rust Belt states, U.S. Sens. John McCain, R-Ariz., and Barack Obama, D-Ill., offer plans to develop advanced vehicles key to rebuilding U.S. automakers. Yet the next president might face decisions that run to the industry's very survival. (Sun, 02 Nov 2008 10:11:51 GMT)

Next president faces big task: saving U.S. auto industry
WASHINGTON – With thousands of autoworkers in Rust Belt states, Democrat Barack Obama and Republican John McCain offer plans to develop advanced vehicles key to rebuilding U.S. automakers. Yet the next president may face decisions that run to the industry's very survival. (Sun, 02 Nov 2008 11:11:18 GMT)

McCain cautious on auto industry bailout
WASHINGTON (Reuters) - Republican presidential candidate John McCain on Sunday declined to embrace the idea of $15 billion more in government aid for the struggling U.S. automobile industry but did not rule it out. (Sun, 02 Nov 2008 15:27:48 GMT)

Ailing auto industry a concern for both candidates
WASHINGTON, D.C. -- In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival. | Election page (Sun, 02 Nov 2008 16:23:31 GMT)

PM to discuss confidence-building steps with industry captains
COMMENT ON THIS ! Your Views! As part efforts to shore up confidence eroded by the global financial rout, Prime Minister Manmohan Singh will on Monday meet leaders of India Inc in New Delhi, which may seek more measures to tide over the liquidity crunch. (Mon, 03 Nov 2008 05:42:57 GMT)

'Automotive Industry in APAC - IT Market Assessment' Is Meant For IT Vendors to Help Them Identify Selling ...
DUBLIN, Ireland----Research and Markets has announced the addition of the "Automotive Industry in APAC - IT Market Assessment" report to their offering. (Mon, 03 Nov 2008 08:30:00 GMT)

Auto industry a concern :Both candidates have plans to help ailing companies.
WASHINGTON -- In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry's very core: their survival. (Mon, 03 Nov 2008 12:06:59 GMT)

The Bush administration made the right decision by refusing to help finance a GM-Chrysler merger and instead focusing ...
Yesterday, the Treasury Department refused General Motor's request for up to $10 billion in assistance to fund a potential merger with Chrysler. GM's chairman, Wagoner, has been lobbying Treasury Secretary Paulson to extend the $700 billion bailout plan to the automobile industry. Instead however, the Treasury Department is shifting its focus on expediting the $25 billion loan for clean energy ... (Mon, 03 Nov 2008 19:07:30 GMT)

Auto parts industry seeks U.S. loans
The U.S. auto parts industry asked the Bush administration Monday to set up a loan-guarantee plan for auto suppliers as part of the $700-billion financial bailout plan, as well as to speed $25 billion in loans for retooling. (Tue, 04 Nov 2008 08:29:56 GMT)

New vehicle sales drop
Despite the fact that October normally represented a seasonally reasonably strong month, automobile industry deteriorated significantly. (Tue, 04 Nov 2008 12:24:24 GMT)

High Growth Forecasted for the Analysis of China Tyre Industry Market 2008
NEW YORK----Reportlinker.com announces that a new market research report related to the Car Parts industry is available in its catalogue. (Tue, 04 Nov 2008 12:27:00 GMT)

European Chemical Makers, German Group, Signal Global Slowdown
Nov. 4 (Bloomberg) -- European chemicals makers predicted a more difficult year in 2009 and a group representing the industry in Germany lowered its sales outlook, signaling a global slump in demand. (Tue, 04 Nov 2008 12:52:50 GMT)

Tenneco Posts Loss of $136 Million on Tax Charge (Update1)
Nov. 4 (Bloomberg) -- Tenneco Inc., the world's largest maker of automobile exhaust systems, posted a third-quarter loss of $136 million on sliding auto sales and costs to write down the value of future tax benefits. (Tue, 04 Nov 2008 14:11:14 GMT)

EU industry chief voices concern for car producers
The global financial crisis has started to seriously hit the car industry in Europe, according to EU commission vice president Günter Verheugen. (Tue, 04 Nov 2008 14:41:09 GMT)

China discusses prospect of automobile industry in WB
A Chinese delegation today said it discussed the scope and prospect of the automobile sector in West Bengal. (Tue, 04 Nov 2008 15:27:11 GMT)

Aluminium cos eye auto industry for major push
With India set to emerge as one of the top five automotive markets in the world, the focus has shifted to clean and new technologies to offer the best for both customers and the industry. (Tue, 04 Nov 2008 20:49:33 GMT)

Audatex Launches Next-Generation Business Intelligence Platform, Audatex(R) Insight(TM)
Audatex North America, Inc. announced today its launch of the automobile claims processing industry´s (Tue, 04 Nov 2008 21:17:40 GMT)

International Automobile Dealers Announce Monthly Sales
Overall Industry Sales fall Thirty-Two Percent (Tue, 04 Nov 2008 21:28:00 GMT)

'Bhojpuri film industry won't shift from Mumbai under threat'
By Jivraj Burman, Mumbai, Nov 5 : The Bhojpuri film industry, which is based in Mumbai, will not shift out despite the threat posed by the anti-north tirade of the Maharashtra Navnirman Sena (MNS) activists, asserts popular Bhojpuri star Dineshlal Yadav, alias 'Nirhua'. (Wed, 05 Nov 2008 06:59:30 GMT)

President-elect Obama Faces Challenge of a "Planet in Peril"
OUT - Elizabeth Dole, North Carolina Republican Senator - Dole's lifetime LCV score is 12%. She is one of Big Oil's biggest Congressional allies, and has consistently voted to extend tax breaks and subsidies to the industry, weaken automobile fuel efficency standards, and eliminate any increase in renewable energy production. (Wed, 05 Nov 2008 09:33:13 GMT)

Concours d’Elegance awards $3,000 to former ACE student
The Hilton Head Island Concours d’Elegance Motoring Festival awarded two grants to help young people pursue careers in the automobile industry at a dinner at the Hilton Head Marriott Resort on Saturday. (Wed, 05 Nov 2008 12:30:55 GMT)

American auto industry seeks help from House speaker
The heads of Chrysler, Ford and GM and the president of the United Automobile Workers are set to meet House Speaker Nancy Pelosi over aid for the companies. (Thu, 06 Nov 2008 03:11:25 GMT)

Ford to proceed with expansion plans despite slowdown
New Delhi, Nov 5 : Notwithstanding the economic slowdown and credit crunch, primarily responsible for retarded growth of automobile industry, Ford India today said it will 'go ahead' with its plan of investing 500 million dollars into the country and introduce a small car by 2010. (Thu, 06 Nov 2008 04:34:07 GMT)

Car dealers see 'closed' in the future
Ford, General Motors , and Dodge dealerships northwest of Boston are among the latest casualties in an industry hit hard by tightened credit markets and plummeting car sales. (Thu, 06 Nov 2008 08:08:51 GMT)

Jaguar Land Rover to cut 400 manufacturing jobs
Indian automobile manufacturer Tata Motorss UK-based subsidiary Jaguar Land Rover has announced plans to reduce around 400 additional jobs as the automobile industry downturn continues to worsen. (Thu, 06 Nov 2008 11:45:44 GMT)

Toyota halves profit forecast due to 'unprecedented' crisis
Toyota Motor Corp. said Thursday annual profits are expected to plunge more than two-thirds to the lowest level in nine years, warning the global auto industry faced an "unprecedented" crisis. (Thu, 06 Nov 2008 13:33:52 GMT)

Ceramic Heater is suited for automobile industry.
Positive Temperature Coefficient (PTC) Ceramic Heater Pill provides instant heat within seconds of turning on cold car, eliminating idle time, which helps save fuel and reduce emissions. It is mounted in finned metal holder that heats up and warms air moved over its surface, and due to its inherent self-regulating characteristics, unit does not overheat. Heater pill can be used as cold start ... (Thu, 06 Nov 2008 13:49:46 GMT)

Dana Corp. to lay off 5,000
TOLEDO, Ohio, Nov. 6 (UPI) -- U.S. automotive supplier Dana Holding Corp., said it would shutter 10 plants and furlough 5,000 workers to get through the slump in the automobile industry. (Thu, 06 Nov 2008 18:19:54 GMT)

AutoNation shows the pain of automotive, dealership industry
Want to know the strains that the American automobile and dealership industry are feeling in this credit-strapped, struggling economy' Look no further than Florida's AutoNation Inc. (Thu, 06 Nov 2008 18:46:52 GMT)

GM: Next 100 Days Critical for Auto Industry
A top executive for General Motors says the next 100 days will be a critical period for GM and the entire U.S. auto industry. (Thu, 06 Nov 2008 19:33:42 GMT)

Car rental industry faces slump
The local automobile rental industry will slump dramatically this year, for the first time in 12 years, due to the uncertain political and economic climate and volatile oil prices, said Nathee Vadtanakovint, president of the Thai Car Rental Association. (Thu, 06 Nov 2008 20:33:29 GMT)

Saigon Autotech 2008 opens
VietNamNet Bridge – A show for automobile and motorcycle industry in Vietnam (SAIGON AUTOTECH 2008) opened in Ho Chi Minh City on November 6. The show was jointly held by Vietnam Chamber of Commerce & Industry (VCCI) and the Asia Trade Fair & Business Promotion (ATFA) company. (Fri, 07 Nov 2008 04:58:49 GMT)

AutoNation reports a $1.41 billion loss
Want to know the strains that the American automobile industry is feeling in this credit-strapped, struggling economy' Look no further than Florida's AutoNation Inc. (Fri, 07 Nov 2008 06:09:11 GMT)

TOM WALSH: Little screen is headline horror show
Through the wonders of technology, my computer feeds me headlines and stories all day long about the automobile industry and other subjects in which I have declared interest. Unfortunately, that means on some days -- like Thursday and many others recently -- my PC becomes a little screen of horrors. (Fri, 07 Nov 2008 08:28:51 GMT)

Expert: Terry Jackson
It has been nearly two months since the Wall Street meltdown and the credit crunch shook up an already unstable automobile industry. (Fri, 07 Nov 2008 11:52:33 GMT)

GM, Ford post losses as crisis deepens
General Motors and Ford reported Friday that they hemorrhaged cash in the third quarter, offering more evidence that the nation’s automobile industry is on the brink of a meltdown. (Fri, 07 Nov 2008 16:40:42 GMT)

Business urges backing for auto industry
Top business lobbies on Friday urged Congress to immediately rescue the beleaguered auto industry as Ford Motor Co. and General Motors... (Fri, 07 Nov 2008 17:42:11 GMT)

OK, I'm glad we got hosed at the pump
Long before I ever heard about personal computers, I was a huge fan of automobile design. When I was a kid, my room was jammed with miniature model cars I spent hours assembling, painting, and proudly putting on display. (Fri, 07 Nov 2008 23:10:00 GMT)

GM and Ford losses, cash burn dire
General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry. (Sat, 08 Nov 2008 00:24:36 GMT)

Big crowds expected at South Florida International Auto Show despite downturn in industry
Falling gas prices plus a display of cars from hybrids to over-the-top luxury models could drive turnout at this year's 38th South Florida International Auto Show. (Sat, 08 Nov 2008 08:12:24 GMT)

How Dignified Work Was Run Into a Ditch
I'm often chided for my passionate support of the domestic automobile industry. But I don't mind the ribbing. (Sat, 08 Nov 2008 19:57:37 GMT)

Democrats ask Bush to help ailing U.S. auto industry
Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a quarter-century. (Sat, 08 Nov 2008 20:14:02 GMT)

US Congress leaders call for auto industry support
Washington - Congressional leaders Saturday joined president-elect Barack Obama's call for support of the ailing auto industry, sending a letter to Treasury Secretary Henry Paulson to tap money from the 700-billion-dollar financial rescue package. A... (Sat, 08 Nov 2008 22:09:47 GMT)

Dems urge U.S. aid for carmakers
House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., say the auto industry should get help under the U.S. economic rescue plan.In a letter to Treasury Secretary Henry Paulson, Pelosi and Reid urged a review of the rescue plan to determine whether it can provide temporary assistance to the automobile industry during the current financial crisis, The Washington Post ... (Sun, 09 Nov 2008 01:29:47 GMT)

Democrats ask Bush to bailout auto industry
Democratic leaders called on President Bush to bailout the ailing auto industry. (Sun, 09 Nov 2008 04:39:00 GMT)

Democrats push to help auto industry
Democratic leaders in Congress asked the Bush administration yesterday to provide more aid to the struggling auto industry, which is bleeding cash and jobs as sales have dropped to their lowest level in a 25 years. (Sun, 09 Nov 2008 05:05:43 GMT)

Demos urge aiding auto industry with bailout funds
Democratic leaders in Congress urged the Bush administration on Saturday to consider using the $700 billion bailout for the financial system to aid distressed American automakers, in a prelude to what may become urgent negotiations over additional economic stimulus measures. (Sun, 09 Nov 2008 07:39:32 GMT)

Democratic leaders urge Treasury to aid auto industry
WASHINGTON - Democratic congressional leaders are urging Treasury Secretary Henry Paulson to use his authority under the $700-billion rescue bill passed last month to provide temporary aid to the auto industry. (Sun, 09 Nov 2008 08:20:31 GMT)

Democrats ask Bush to help auto industry
WASHINGTON -- Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs. (Sun, 09 Nov 2008 08:50:29 GMT)

India Oct car sales fall 6.6 pct y/y - industry
NEW DELHI, Nov 10 (Reuters) - Car sales in India fell an annual 6.6 percent to 98,900 units in October, an industry body said on Monday. (Mon, 10 Nov 2008 04:23:52 GMT)

(AFX UK Focus) 2008-11-10 04:39 India Oct car sales fall 6.6 pct y/y - industry
NEW DELHI, Nov 10 (Reuters) - Car sales in India fell an annual 6.6 percent to 98,900 units in October, an industry body said on Monday. Sales of trucks and buses fell to 28,027 units in October, down 35.9 percent from a year earlier, the Society of Indian Automobile Manufacturers said in a statement. (Mon, 10 Nov 2008 05:04:41 GMT)

Big banks back off consumer car loans
Despite a $700 billion bailout, the nation's big banks are not in any rush to get back into the automotive lending business -- more bad news for an automobile industry struggling to rebound from some of the worst sales in decades. (Mon, 10 Nov 2008 06:18:43 GMT)

Hyundai Falls on Speculation on Sales, Obama Policies (Update3)
Nov. 10 (Bloomberg) -- Hyundai Motor Co. , South Korea's largest automaker, fell on speculation that profit next year may be eroded by declining demand for autos worldwide and President- elect Barack Obama may adopt policies to protect the U.S. automobile industry. (Mon, 10 Nov 2008 06:52:43 GMT)

French Industrial Production Drops as Automobile Industry Shrinks
French September industrial production dropped -0.5% m/m, with manufacturing production down 0.8% m/m, bringing annual rates down to -1.9% y/y and -2.5% y/y respectively. (Mon, 10 Nov 2008 09:07:29 GMT)

Mounting auto industry losses prompt push for federal bailout
The press for a federal bailout of the auto industry increased over the weekend. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Harry Reid, D-Nev., said in a letter to Treasury Secretary Henry Paulson that the Bush administration should consider expanding the $700 billion financial rescue to include car companies. (Mon, 10 Nov 2008 09:12:38 GMT)

Euro-zone group leader urges look at ways of supporting Europe's auto industry
PARIS - The euro zone countries are working to coordinate efforts to help Europe's auto industry along the lines of expected U.S. aid for its car sector, Luxembourg Prime Minster Jean-Claude Juncker said Monday. (Mon, 10 Nov 2008 10:54:42 GMT)

FIA amends stewards policy:
In light of the controversial steward decision that cost Lewis Hamilton a potentially title-deciding win in the 2008 Belgian Grand Prix, the FIA World Motor Sport Council will implement changes for 2009 in the hopes of avoiding questionable... (Mon, 10 Nov 2008 12:33:00 EST)

Evernham leaves NASCAR team:
Ray Evernham, who left Hendrick Motorsports in 2000 to bring Dodge back into NASCAR and start his own team, soon will leave his post. (Mon, 10 Nov 2008 12:35:00 EST)

Team Australia done?:
Australian Craig Gore sent mixed signals, but it appears that his Team Australia IndyCar Series sponsorship package is in jeopardy. (Mon, 10 Nov 2008 12:36:00 EST)

Force India restructures:
As expected, the Force India F1 Team terminated its engine supply contract with Ferrari one year early and signed a five-year deal with McLaren-Mercedes that will see the team's cars use a McLaren-Mercedes powertrain--including engine,... (Mon, 10 Nov 2008 12:36:00 EST)

Toyota hybrid for Le Mans:
Toyota's return to the 24 Hours of Le Mans with a hybrid-powered prototype appears to be closer. Toyota, which last raced at Le Mans in 1999, admitted that it continues to develop its hybrid technology for racing. (Mon, 10 Nov 2008 12:37:00 EST)

F1 revises '09 calendar:
With the French Grand Prix out and no confirmation yet that the Canadian Grand Prix will be rescued by public funding for a new promoter, Bernie Ecclestone has shortened the 2009 Formula One schedule. (Mon, 10 Nov 2008 12:37:00 EST)

Pivato recovering:
WRC co-driver Patrick Pivato, given a 50 percent chance of survival following an accident during the Rally Japan, is on the road to recovery. (Mon, 10 Nov 2008 12:38:00 EST)

Renault extends Alonso:
Two-time Formula One world champion Fernando Alonso will remain with Renault F1 in 2009. Alonso, who switched from McLaren-Mercedes this year on a one-year contract, agreed to a new two-year deal, keeping him with the team through 2010. (Mon, 10 Nov 2008 12:38:00 EST)

Honda seat open:
F1 veteran Rubens Barrichello might have raced in his last Grand Prix. (Mon, 10 Nov 2008 12:39:00 EST)

India's auto sales plunged in October
Sales of passenger vehicles in India fell by 9.1 percent in October, as high interest rates and tight consumer credit took their toll on what had been one of the world's fastest growing automobile markets, according to the Society of Indian Automobile Manufacturers, an industry group. (Mon, 10 Nov 2008 12:44:47 GMT)

China: Despite Financial Issues, Auto Industry Here Still Greening
SHANGHAI, China — The world's current financial crunch should not slow carmakers' investment in fuel-efficient and eco-friendly vehicles, which are key for the sustained development of the auto industry, analysts said at the CEIBS 6th Annual China Automotive Industry Forum in Shanghai this week. (Mon, 10 Nov 2008 14:09:58 GMT)

Democratic Congressional Leaders Urge Aid to Auto Industry
Democratic Congressional leaders urged the Bush administration to provide more aid to the struggling auto industry, which is bleeding cash and jobs. (Mon, 10 Nov 2008 14:39:01 GMT)

2010 Fusion Hybrid to pace NASCAR finale:
If Carl Edwards takes the pole next weekend at Homestead-Miami Speedway, his racing-spec Ford Fusion will be the one to follow another Blue Oval offering--the 2010 Fusion hybrid to be unveiled days later at the Los Angeles auto show. (Mon, 10 Nov 2008 17:10:00 EST)

Automobile component industry in low gear
Less than two years back, the mood in the $18-billion Indian automobile component industry was buoyant. Every component maker worth his nuts and bolts had double digit growth rate on his future graph. But by the end of 2008, the outlook turned bleak to say the least. (Mon, 10 Nov 2008 19:42:24 GMT)

GM shares tumble as US government ponders aid to auto industry
New York - As Washington openly debated help for the beleaguered automobile industry, shares of General Motors plunged as much as 31 per cent Monday as a Deutsche Bank AG analyst speculated the shares may be worthless in a year. Even if GM succeeds ... (Mon, 10 Nov 2008 19:54:37 GMT)

GM shares tumble as US government ponders aid to auto industry
New York, Nov 11 : As Washington openly debated help for the beleaguered automobile industry, shares of General Motors plunged as much as 31 percent Monday as a Deutsche Bank AG analyst speculated the shares may be worthless in a year. (Tue, 11 Nov 2008 04:43:18 GMT)

Global Cobalt Market to Reach 69 Thousand Metric Tons by 2012, According to New Report by Global Industry Analysts, Inc.
World demand for cobalt is rising due to increase in usage of this metal in mobile phone batteries, false limbs, automobile rechargeable batteries, catalyst in industrial processes and fighter jets. The global cobalt market is projected to reach a volume of 69 thousand metric tons by the year 2012, reflecting a compounded annual growth rate of 5% over 2008-2012 period. (Tue, 11 Nov 2008 07:01:00 GMT)

Revving Up in the Automotive Industry
Though automobile sales may be declining, many dealerships are looking for promotional products to give a much-needed boost. Nov 10, 2008 “People can have the Model T in any color — so long as it's black,” said Henry Ford, founder of Ford Motor Co. Although Ford might have been onto something with the Model T, it’s a good thing the idea didn’t catch on for promotional products, particularly in ... (Tue, 11 Nov 2008 13:22:28 GMT)

AUTOMOBILE Magazine Names the Nissan GT-R Automobile of the Year
ANN ARBOR, Mich.----AUTOMOBILE Magazine, America's leading automotive lifestyle publication and part of Source Interlink Media, LLC, a subsidiary of media and marketing services company Source Interlink Companies, Inc. , announced today that the Nissan GT-R is the 2009 Automobile of the Year. (Tue, 11 Nov 2008 14:00:00 GMT)

(AFX UK Focus) 2008-11-11 20:01 US should help auto industry with liquidity-Obama
WASHINGTON, Nov 11 (Reuters) - President-elect Barack Obama would like the government to find additional authority to deal with the liquidity crisis in the American automobile industry, Obama's transition co-chairman said on Tuesday. John Podesta said Obama stressed the need to help the ailing U.S. auto industry during talks with President George W. Bush at the White House on Monday. "He's ... (Tue, 11 Nov 2008 20:24:01 GMT)

House Speaker backs auto industry aid
House of Representatives Speaker Nancy Pelosi said on Tuesday federal aid for the failing U.S. automobile industry was urgently needed and that she was confident Congress could act on emergency bailout legislation next week. (Tue, 11 Nov 2008 21:05:39 GMT)

(AFX UK Focus) 2008-11-11 20:49 U.S. House Speaker backs auto industry aid
WASHINGTON, Nov 11 (Reuters) - U.S. House Speaker Nancy Pelosi said on Tuesday federal aid for the failing domestic automobile industry was urgent and that she was confident Congress could act on emergency legislation next week. In a statement, Pelosi said she has asked House Financial Services Committee Chairman Barney Frank to work with House of Representatives and Senate leaders and the White ... (Tue, 11 Nov 2008 21:23:48 GMT)

(AFX UK Focus) 2008-11-11 21:19 UPDATE 1-U.S. House Speaker backs auto industry aid
WASHINGTON, Nov 11 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday federal aid for the failing U.S. automobile industry was urgently needed and that she was confident Congress could act on emergency bailout legislation next week. In a statement, Pelosi said she has asked House Financial Services Committee Chairman Barney Frank, a Massachusetts Democrat, to work ... (Tue, 11 Nov 2008 21:54:25 GMT)

House Speaker backs auto industry aid
House of Representatives Speaker Nancy Pelosi said that federal aid for the failing US automobile industry was urgently needed. (Tue, 11 Nov 2008 21:57:47 GMT)

Pelosi calls for emergency aid for auto industry
House Speaker Nancy Pelosi called for "emergency and limited financial assistance" for the battered auto industry on Tuesday and urged the outgoing Bush administration to join lawmakers in reaching a quick compromise. (Tue, 11 Nov 2008 23:07:05 GMT)

2010 Bentley Azure T set for L.A. debut:
As it did with the Arnage, Bentley will add a more potent T variant to the Azure range, with a debut at the Los Angeles auto show this month. (Wed, 12 Nov 2008 07:00:00 EST)

Increased help for auto industry seems likely
WASHINGTON -- Increased federal aid for the beleaguered American auto industry appeared Tuesday to be moving to the top of the agenda of next week's special session of Congress, with key lawmakers and aides to the outgoing and incoming presidents signaling a willingness to help. (Wed, 12 Nov 2008 12:48:45 GMT)

Granholm: Auto industry crisis urgent
WASHINGTON -- Gov. Jennifer Granholm says the crisis in the auto industry is urgent, and the government needs to act quickly to help U.S. automakers stay afloat. (Wed, 12 Nov 2008 13:19:26 GMT)

Mich. Gov.: Auto Industry Faces Urgent Crisis
Michigan Gov. Jennifer Granholm says the crisis in the auto industry is urgent, and the government needs to act quickly to help U.S. automakers stay afloat. (Wed, 12 Nov 2008 14:41:27 GMT)

U.S. House Speaker Backs Auto Industry Aid
U.S. House of Representatives Speaker Nancy Pelosi said on Tuesday federal aid for the failing U.S. automobile industry was urgently needed and that she was confident Congress could act on emergency bailout legislation next week. (Wed, 12 Nov 2008 15:48:34 GMT)

Pelosi pushes for more auto industry aid
U.S. House of Representatives Speaker Nancy Pelosi called for legislation that would enable U.S. automakers to participate in the $700 billion federal bailout.In a statement released Tuesday, Pelosi requested the House Financial Services Committee, led by Rep. Barney Frank, D-Mass., craft legislation to provide emergency and limited financial assistance to the automobile industry under the ... (Wed, 12 Nov 2008 16:14:55 GMT)

GM Rises After Pelosi Urges Industry Aid Plan Passage (Update4)
Nov. 12 (Bloomberg) -- General Motors Corp. rose 5.5 percent in New York trading after House Speaker Nancy Pelosi urged Congress to pass an industry bailout, embracing the premise that GM is too big to be allowed to fail. (Wed, 12 Nov 2008 21:55:55 GMT)

What Detroit could learn from Silicon Valley
The U.S. automobile industry needs to learn to be competitive again, and not simply for government handouts. (Thu, 13 Nov 2008 00:57:02 GMT)

NASCAR boss France softens line on industry's importance
LOUISVILLE, Kentucky - With the U.S. automobile industry crumbling, NASCAR chairman Brian France softened his stance on the future of Ford, Dodge and General Motors in the sport they helped create. Days after saying the stock car series wouldn't "live or die" on the fates of America's Big Three, France said NASCAR was working aggressively to make sure the companies remain part of the ... (Thu, 13 Nov 2008 00:59:15 GMT)

NASCAR boss France softens line on industry's importance
LOUISVILLE, Kentucky - With the U.S. automobile industry crumbling, NASCAR chairman Brian France softened his stance on the future of Ford, Dodge and General Motors in the sport they helped create. Days after saying the stock car series wouldn't "live or die" on the fates of America's Big Three, France said NASCAR was working aggressively to make sure the companies remain part of the circuit's ... (Thu, 13 Nov 2008 01:02:43 GMT)

Auto industry in crisis
Democrats want $25 billion bailout to Big Three automakers Darren Petty (left) and Fred Swanner of the Maryland United Auto Workers talk with Sen. Barbara A. Mikulski in Towson. Congressional Democrats are pushing legislation to send $25 billion in emergency loans to the auto industry in exchange for a government ownership stake in the Big Three car companies. (Thu, 13 Nov 2008 08:48:16 GMT)

Durbin: Gov't Can't Let Auto Industry Collapse
CHICAGO (WBBM) - Sen. Dick Durbin (D-Ill.) says federal help for the ailing automobile industry is vital, but he says there must also be safeguards. (Thu, 13 Nov 2008 15:52:59 GMT)

Voinovich wants auto industry to be part of bailout
Sen. George Voinovich, R-Ohio, supports using part of the $700 billion bailout program to assist the automobile industry, officials announced Thursday, Nov. 13. (Thu, 13 Nov 2008 16:58:35 GMT)

Dodd backs auto industry action, plans hearing
The chairman of the U.S. Senate Banking Committee said on Thursday he favors federal government action to assist the struggling automobile industry and plans to hold a hearing on the issue next week. (Thu, 13 Nov 2008 20:14:43 GMT)

Dodd backs U.S. auto industry action and plans hearing
The chairman of the U.S. Senate Banking Committee said on Thursday he favours federal government action to assist the struggling automobile industry and plans to hold a hearing on the issue next week. (Thu, 13 Nov 2008 20:16:00 GMT)

(AFX UK Focus) 2008-11-13 20:25 UPDATE 1-Dodd backs US auto industry action, plans hearing
WASHINGTON, Nov 13 (Reuters) - The chairman of the U.S. Senate Banking Committee said on Thursday he favors federal government action to assist the struggling automobile industry and plans to hold a hearing on the issue next week. "We're going to ask the automobile industry to be here on ... Monday or Tuesday, for a hearing," the Connecticut Democrat told reporters after a hearing on a separate ... (Thu, 13 Nov 2008 20:55:27 GMT)

Czech suggests opening automobile factory in HCM City
VietNamNet Bridge – During a meeting between HCM City officials and the Minister of Czech Industry and Commerce, Martin Riman, on Thursday, the Czech official expressed a wish to open an automobile plant in HCM City . (Fri, 14 Nov 2008 04:19:42 GMT)

Leading Automobile Companies in Europe IT Sales Opportunities 2008 Available Now
DUBLIN, Ireland----Research and Markets has announced the addition of the "Leading Automobile Companies in Europe - IT Sales Opportunities - 2008" report to their offering. (Fri, 14 Nov 2008 13:42:00 GMT)

NHRA keeps 1,000-foot track for Top Fuel, Funny Car for '09:
The NHRA's Top Fuel and Funny Car classes will keep their race distances at 1,000 feet to start the 2009 season, the NHRA said Friday, as the sanctioning body continues to look for ways to reduce engine output. (Fri, 14 Nov 2008 16:50:00 EST)

Automobile Show
The international biennial trade exhibition for the automobile industry. (Fri, 14 Nov 2008 20:27:50 GMT)

Johnson starts Sprint Cup championship race far back on the grid:
The compelling storyline on most NASCAR weekends would be if two "second-tier" drivers qualified on the front row for that weekend's Sprint Cup race. (Fri, 14 Nov 2008 21:05:00 EST)

Atradius Eliminates Some Automobile Supplier Insurance Coverage
Nov. 14 (Bloomberg) -- Atradius NV, an Amsterdam-based insurer, eliminated some of its coverage in the auto industry, a week after General Motors Corp. said it may run out of operating cash by the end of the year. (Fri, 14 Nov 2008 21:26:22 GMT)

An America without manufacturing becomes a starkly divided society
WASHINGTON -- I'm often chided for my passionate support of the domestic automobile industry. But I don't mind the ribbing. (Sat, 15 Nov 2008 06:19:27 GMT)

Retail sales: biggest monthly drop since 1992
Retail sales plummeted by a record amount in October as consumers reined in spending, with the automobile industry being hardest hit, according to a Commerce Department report released Friday. Sales at U.S. retailers declined for the fourth consecutive month,... (Sat, 15 Nov 2008 08:31:18 GMT)

Pelosi Outlines Conditions for Auto Industry Aid
Nancy Pelosi says the House will send aid to the auto industry, but the White House opposes using bailout funds to extend loans to Detroit. (Sat, 15 Nov 2008 23:19:48 GMT)

Detroit Has Plans for Loans to Retool. First It Must Survive.
DETROIT -- In Washington, President Bush and others see the $25 billion in loans Congress has already approved to retool the ailing automobile industry as a convenient pot of money to help automakers survive the economic tumult. (Sun, 16 Nov 2008 02:50:35 GMT)

What?s Good for G.M. Is Good for the Army
Rescuing the American automobile industry is not only an economic imperative, but also a national security imperative. (Sun, 16 Nov 2008 03:12:09 GMT)

Despite the perception cash not available, buyers can get loans
The automobile industry, like many sectors of the lurching American economy, has slowed down dramatically under pressure of the recent credit crunch. (Sun, 16 Nov 2008 05:08:47 GMT)

What happens to automotive industry affects us all
Given the recent headlines regarding the U.S. auto industry, I felt a sense of urgency to write with the hope of raising the awareness of the facts of the imminent crisis facing Detroit’s three automakers. (Sun, 16 Nov 2008 07:03:30 GMT)

CRITICAL WEEK FOR DOMESTIC AUTOMAKERS: Auto industry survival in hands of Congress
Congress returns to work this week to consider a once almost-unthinkable pitch: Put up billions of dollars in taxpayer-backed loans, and we just might save the domestic auto industry. Equally remarkable is the response by some members of Congress: We'll have to get back to you. (Sun, 16 Nov 2008 08:32:08 GMT)

Pelosi outlines aid package for auto industry
WASHINGTON - House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure "to ensure their long-term economic viability." (Sun, 16 Nov 2008 12:18:48 GMT)

International Automobile Show
The international biennial trade exhibition related to the automobile industry. (Sun, 16 Nov 2008 20:27:58 GMT)

Pelosi vows aid for auto industry
House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry meet new fuel-efficiency standards, produce advanced vehicles and restructure "to ensure their long-term economic viability." (Mon, 17 Nov 2008 03:09:17 GMT)

Ailing auto industry awaits returning lawmakers
A bailout for the nation's ailing automobile industry tops the agenda as lawmakers return to work this week to name leaders and reorganize committees for the new Congress convening in January. (Mon, 17 Nov 2008 08:27:51 GMT)

Ailing auto industry awaits returning lawmakers
Mon, Nov 17, 2008 (12:39 a.m.) A bailout for the nation's ailing automobile industry tops the agenda as lawmakers return to work this week to name leaders and reorganize committees for the new Congress convening in January. (Mon, 17 Nov 2008 08:47:50 GMT)

Hold your horsepower
Does U.S. Sen. Mitch McConnell oppose a bill that would send billions of new dollars to the automobile industry and help auto manufacturers in Kentucky during these troubled times? (Mon, 17 Nov 2008 09:49:34 GMT)

If auto industry fails, then a new equilibrium?
The failure of one or more of the Big Three automakers would put a huge initial dent in American manufacturing, but in time foreign car companies would pick up the slack by stepping up production in their plants here, many industry experts and economists say. (Mon, 17 Nov 2008 09:54:37 GMT)

US: Chrysler dealers to call for immediate industry aid
As the US Congress considers support for the domestic automobile industry, a group comprising representatives of Chrysler's US dealer network will visit Capitol Hill on Tuesday, November 18 and Wednesday, November 19, to discuss their concerns. (Mon, 17 Nov 2008 10:03:41 GMT)

Congress set to debate bailout of auto industry
WASHINGTON -- Congress, burned before by bailouts, returns to work this week to consider a once almost-unthinkable pitch: Put up billions of dollars in taxpayer-backed loans, and we just might save the domestic auto industry. (Mon, 17 Nov 2008 12:04:36 GMT)

White House tweaks position on auto industry help
The White House says it supports aid for struggling automakers, but believes it should not come from the $700 billion financial system rescue fund. (Mon, 17 Nov 2008 12:28:29 GMT)

NASCAR NOTEBOOK--Plenty of pink slips:
Some NASCAR watchers expect as many as 1,000 crewmen to lose their jobs in the next few weeks as Cup, Nationwide and Craftsman teams trim their payrolls. One longtime owner predicted cuts will affect every team. (Mon, 17 Nov 2008 13:22:00 EST)

Ailing auto industry awaits returning lawmakers
WASHINGTON -- A bailout for the nation's ailing automobile industry tops the agenda as lawmakers return to work this week to name leaders and reorganize committees for the new Congress convening in January. Dem (Mon, 17 Nov 2008 15:14:24 GMT)

Auto Industry Woes Impact Auto Parts, Service Shops
The automobile industry's troubles are trickling down to where the rubber meets the road. (Mon, 17 Nov 2008 21:39:34 GMT)

Auto Bailout Gains Little Traction
Six weeks after enactment of a $700 billion financial industry bailout, Senate Democratic leaders are having trouble extending the law to the struggling domestic automobile industry. (Tue, 18 Nov 2008 02:29:18 GMT)

Tata shows confidence in Thai auto industry at dealers’ meeting
Tata Motors (Thailand) recently held the annual meeting of its 33 Thai dealerships to discuss the business plans going forward. The company expressed confidence in the country’s automobile industry, t (Tue, 18 Nov 2008 04:36:05 GMT)

Sound Off: Potential Auto Industry Bailout
What's in store for the automobile industry? Senate democrats have proposed that $25 billion in loans from the Wall Street bailout go to Detroit. But the 'big three' automakers would first have to give the government a plan for long term financial viability. Is it a good idea? In this Sound Off report, auto dealer Dave Sinclair 'sounds off' about the bailout plan and what it means to the ... (Tue, 18 Nov 2008 04:45:22 GMT)

Area senators appear opposed to auto industry bailout
With Democrats pushing a bailout of the automobile industry, Tennessee and Georgia Republican senators appear unlikely to support such a measure, though they said they would wait to see what specific proposals are unveiled today. (Tue, 18 Nov 2008 05:11:03 GMT)

Redesigned Ford Mustang gives no quarter to revived competition:
In the five years since Ford restaked its claim as the No. 1 maker of retro-muscle cars with the 2005 Mustang, competitors have come on strong with their own versions of the now tried-and-true formula. (Tue, 18 Nov 2008 09:11:00 EST)

TRW in Mesa feeling problems of auto industry
Hard times in the auto industry are hitting the TRW plant in Mesa, which makes inflators for automobile air bags. Seventy workers at the Mesa plant have been laid off since July. (Tue, 18 Nov 2008 14:08:17 GMT)

Increasingly, China?s Auto Industry Seeks a Bailout
China?s car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, top Chinese auto executives said. (Tue, 18 Nov 2008 21:04:27 GMT)

Small-business interests call for accountability, oversight in proposed bailout of auto industry
Calling a proposed federal bailout of the automobile industry "misguided," the head of the National Federation of Independent Business on Monday opposed the plan and said owners of small businesses should not be expected to foot the bill for corporate ineptitude. (Wed, 19 Nov 2008 06:13:45 GMT)

RE-FUSION: Ford won't take yes for an answer:
The Ford Fusion family sedan introduced for 2006 has done well, garnering awards for quality and topping the Honda Accord and the Toyota Camry in the Consumer Reports reliability index. (Wed, 19 Nov 2008 09:53:00 EST)

Republican Shelby favors bankruptcy instead of bailout money for troubled automobile industry
WASHINGTON (AP) _ The senior Republican on the Banking Committee said Wednesday he doesn't believe there will be a turnaround in the troubled U.S. auto industry until its top management is ousted and its manufacturing operations are revamped. (Wed, 19 Nov 2008 11:09:58 GMT)

2009 Boxster S first drive--PDK is pretty darn kwik:
We have driven the 2009 Boxster S around a very good race track and can assure you it's everything you'd want a new Boxster S to be. (Wed, 19 Nov 2008 11:23:00 EST)

China’s Auto Industry Presses for a Bailout From Beijing
Do Chinese automakers need a bailout? China’s car industry is quietly pressing Beijing for government help as it copes with a jarring slowdown, The New York Times’s Keith Bradsher reported, citing top Chinese auto executives. (Wed, 19 Nov 2008 11:52:35 GMT)

Republican Shelby favors bankruptcy instead of bailout money for troubled automobile industry
WASHINGTON - The top Senate Banking Committee Republican says nothing will turn around the troubled U.S. auto industry until its top management is ousted and the manufacturing model overhauled. (Wed, 19 Nov 2008 12:32:23 GMT)

Z-licious: 2009 Nissan 370Z unveiled at L.A. show:
The power, the looks--the lust. Few icons can be condensed into a single letter. But for Nissan, sports cars start with the last letter of the alphabet: Z. (Wed, 19 Nov 2008 13:16:00 EST)

Honda unveils new fuel cell concept:
Honda has rolled out a new fuel cell-powered “design study” that shows what a fuel cell sports car could look like in the future. (Wed, 19 Nov 2008 14:45:00 EST)

2010 Mazda3 first drive--An evolution, not a revolution:
Mazda's best-selling vehicle worldwide, the Mazda3, gets a major makeover for 2010--a new engine and transmissions, reshaped sheetmetal and a revised interior, and a few surprises. (Wed, 19 Nov 2008 15:00:00 EST)

Bob Gritzinger--They shoot horses (or car companies), don’t they?:
Los Angeles, the home of car culture past, present and the increasingly tenuous future, looks a little green around the gills this year. (Wed, 19 Nov 2008 15:15:00 EST)

Robert Creamer: America Needs a Strong, Unionized Auto Industry -- That Requires Government Action
If we allow the unionized American automobile industry to collapse, we will accelerate the reduction of middle class incomes for everyone. That collapse would start a tidal wave of lower wages. (Wed, 19 Nov 2008 16:02:09 GMT)

Hyundai goes green with ‘Blue Drive’:
In keeping with the all-things-green theme that seems pervade the modern car industry, Hyundai announced more details of its alternative-fuel strategy at the Los Angeles auto show. (Wed, 19 Nov 2008 17:00:00 EST)

Carlos Ghosn electrifies Los Angeles auto show:
As every keynote speaker at the Los Angeles auto show has done before him, Carlos Ghosn talked environment when he addressed the Motor Press Guild on the first of the auto show's two press days. (Wed, 19 Nov 2008 17:00:00 EST)

Why the car industry is worth saving
The continuing economic upheaval is threatening to claim another victim: the domestic automobile industry. Without help, General Motors Corp. could run out of cash by January. Ford Motor Co. and Chrysler L.L.C. also need quick government intervention to stay solvent. (Wed, 19 Nov 2008 18:05:20 GMT)

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