Auto News Dec 2008

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Autoworkers Worry More Givebacks Are in Store
If the Detroit automakers are to win over Congress this week, it may require big cost-saving concessions from the United Automobile Workers. (Mon, 01 Dec 2008 03:08:43 GMT)

Brazil's Auto Industry Feels Impact of Financial Crisis
SAO CAETANO, Brazil -- The car builders wistfully recall those heady days. (Mon, 01 Dec 2008 03:14:03 GMT)

As Car Sales Decline, New Efforts to Encourage Automobile Purchaces Arise
It's not just the automakers who are looking for a helping hand. Empty showrooms are squeezing dealers and the Maryland Automobile Dealers Association is pushing a federal tax break for car buyers to spur sales. WYPR's Georgia Samios reports. (Mon, 01 Dec 2008 05:12:06 GMT)

Perspectives: Keith Whann
Keith Whann’s projections on the automobile industry’s slump carry a caveat common to economic forecasts these days. (Mon, 01 Dec 2008 05:43:06 GMT)

New-car sales slow, but used still moving
Steam is coming from the radiator, the tires are deflated and the horn won't work. At least, that's the picture many have of today's automobile industry. Yet, you couldn't confirm it by talking to North Shore dealers. Times are tough, they declare, but not as bad as you've heard. (Mon, 01 Dec 2008 10:09:52 GMT)

Japan November auto sales plunge
Japan's November domestic auto sales, hit by the recession, fell 27.3 percent to 215,783 units from year-ago levels, the industry group said Monday.It was the fourth consecutive month of decline and the lowest for any November in 39 years, the Japan Automobile Dealers Association said.November sales of new passenger cars fell 27.9 percent to 186,554 units and those of trucks were off 23.8 ... (Mon, 01 Dec 2008 11:34:29 GMT)

Autoworkers Worry More Givebacks Are in Store
Two years ago, Ron Gettelfinger, president of the United Automobile Workers union, offered a grim prognosis for the auto industry to union members at the group’s convention in Las Vegas. (Mon, 01 Dec 2008 12:57:41 GMT)

German Econ Min: German Car Industry Situation "Worrying"
BERLIN -(Dow Jones)- The situation in Germany's car industry is a reason for concern, with lower car sales set to hurt employment figures, German Economics Minister Michael Glos said Monday. (Mon, 01 Dec 2008 14:08:57 GMT)

Research Report Examines the Electric Vehicle Industry and its Major Players
According to the Electric Drive Transportation Association, the number of battery powered vehicles in the US grew to 76,000 in 2006 from 56,000 in 2004. From 1992 to 2006, the average growth for electric cars was around 28.5%. Automobile manufacturers are motivated to pursue battery powered technology due to the demand to reduce dependency on petroleum, reduce greenhouse gas emissions, and ... (Mon, 01 Dec 2008 22:08:57 GMT)

Sweden to bail out Saab and Volvo
SWEDEN will come to the rescue of its US-owned carmakers crippled by the financial crisis, Saab and Volvo, to secure the future of an automobile industry which accounts for 15 percent of exports, officials say. (Tue, 02 Dec 2008 02:30:00 GMT)

Sweden to come to rescue of struggling carmakers Saab and Volvo
Sweden will come to the rescue of its US-owned carmakers crippled by the financial crisis, Saab and Volvo, to secure the future of an automobile industry which accounts for 15 percent of exports, officials say. (Tue, 02 Dec 2008 04:20:10 GMT)

Auto industry woes ripple through state's economy
Car and truck suppliers across the state will have much at stake when Congress decides how to handle Detroit’s struggling auto industry. The N.C. Commerce Department says more than 160 companies in the state employ more than 17,000 workers who make parts for cars, trucks and heavy equipment. (Tue, 02 Dec 2008 05:06:11 GMT)

Japan's car industry 'in freefall'
Japan's car industry is in crisis as sales fall to lowest levels in 39 years. (Tue, 02 Dec 2008 05:08:29 GMT)

LETTER TO THE EDITOR: Government shouldn’t bail out auto industry
Can you believe the American auto industry? (Tue, 02 Dec 2008 09:00:46 GMT)

Levin Calls For Bolstering U.S. Auto Industry
Detroit's automakers are due to present their restructuring plans to Congress on Tuesday — before lawmakers will consider approving a possible bailout for the troubled industry. Democratic Sen. Carl Levin of Michigan says a bailout is needed to help America's auto industry survive. (Tue, 02 Dec 2008 11:33:59 GMT)

Sweden to Come to Rescue of Saab and Volvo
The automobile industry in Sweden accounts for 15% of the country's exports. (Tue, 02 Dec 2008 13:57:30 GMT)

Update: Auto Dealers to Rally in Support of U.S. Relief of Domestic Auto Industry
The Washington Area New Automobile Dealers Association will rally its new automobile dealer members in support of financial assistance from the U.S. government for the domestic auto industry in a key industry event from 11:30 a.m. to 1 p.m., Wed., Dec. 3 at DARCARS Chrysler Jeep Dodge, New Carrollton, MD. (Tue, 02 Dec 2008 19:40:00 GMT)

Local auto industry supports Big 3 bailout
Dallas-area automotive industry representatives and North Texas city leaders gathered at a Carrollton auto dealership Tuesday to express support for the proposed $25 billion congressional bailout of the auto industry. (Tue, 02 Dec 2008 22:52:31 GMT)

Magna parts plant in Nova Scotia closing
A Magna International auto parts plant employing 260 in Cape Breton is shutting down, another victim of North America's slumping automobile industry. (Wed, 03 Dec 2008 09:44:12 GMT)

German auto industry predicts grim 2009
The German auto industry's leading trade group said Wednesday it expects next year's car sales to be the worst since the reunification of the country in 1990. (Wed, 03 Dec 2008 10:05:41 GMT)

MCOT Public Company Limited.2008
BANGKOK, Dec 3 (TNA) - Automobile exports by Thailand in 2009 are expected to retreat about 20 per cent due to the global financial crisis and recession which are hitting key importing countries, according to Suparat Sirisuwannangkura, president of the Thai Automotive Industry Association. (Wed, 03 Dec 2008 10:42:24 GMT)

German auto industry predicts grim 2009
The German auto industry's leading trade group said Wednesday it expects next year's car sales to be the worst since the reunification of the country in 1990. The German Association of the Automotive Industry said it expects 2.9 million new car registrations... (Wed, 03 Dec 2008 10:43:21 GMT)

German auto industry predicts grim 2009
The German auto industry's leading trade group said Wednesday it expects next year's car sales to be the worst since the reunification of the country in 1990. The German Association of the Automotive Industry said it expects 2.9 million new car registrations in 2009, down from the 3.1 million registrations it anticipates in the current year. "The automobile market has taken a downward ... (Wed, 03 Dec 2008 10:49:21 GMT)

John R. Price: The Automobile Bailout Solution: Unique and Simple
It makes more sense for Congress to tell ExxonMobil, ARCO, Chevron, ConocoPhillips and their fellow travelers that they should lend the automobile industry $25 billion (Wed, 03 Dec 2008 11:03:21 GMT)

New England Auto Show Opens Amid Industry Turmoil
The New England Auto Show opens today amid turmoil in the domestic automobile industry. (Wed, 03 Dec 2008 12:10:53 GMT)

Automobile industry necessitates bailout, increased responsibility
Merriam-Webster ' s Online Dictionary named "bailout" as the No. 1 Word of the Year for 2008 last week. This announcement came near the end of tumultuous financial year that witnessed the U.S. Congress allocate nearly $7 trillion of taxpayer money to struggling companies and government institutions, according to a CNBC article. (Wed, 03 Dec 2008 16:52:04 GMT)

German auto industry predicts grim 2009
FRANKFURT, Germany -- The German auto industry's leading trade group said Wednesday it expects 2009 car sales to be the worst since the reunification of the country in 1990 as the global financial crisis takes its toll on consumers and economic growth. (Wed, 03 Dec 2008 23:07:56 GMT)

International Automobile Dealers Announce Monthly Sales
ALEXANDRIA, Va., Dec. 3, 2008; The American International Automobile Dealers Association (AIADA) released November 2008 sales figures for the international automobile industry. (Thu, 04 Dec 2008 04:08:45 GMT)

Union makes concessions in bid to help U.S. auto companies
The United Automobile Workers union's surprise move to accept concessions could be critical in helping the auto industry secure $34 billion in U.S. government aid. (Thu, 04 Dec 2008 06:24:22 GMT)

Baosteel Says Automobile Steel Demand Plunges in Second Half
Dec. 4 (Bloomberg) -- Baosteel Group Corp. , China’s biggest steelmaker, said there was a “drastic shrinkage” of automobile sheet sales in the second half as the economy slowed. (Thu, 04 Dec 2008 08:21:31 GMT)

Sarkozy's €20 Bn Stimulus For Auto Industry
(RTTNews) - French President Nicolas Sarkozy is to announce a €20 billion ($25 billion)--nearly 1 percent of the gross domestic product--stimulus package Thursday to prop up the ailing automobile and construction industries besides the housing sector, to stave off a looming recession, media reports said. (Thu, 04 Dec 2008 11:40:29 GMT)

U.A.W. Makes Concessions in Bid to Help Automakers
The surprise move by the United Automobile Workers to accept concessions could be critical in helping the auto industry secure $34 billion in federal aid. (Thu, 04 Dec 2008 12:23:31 GMT)

First Hearing on Auto Bailout Does Little to Clarify Its Chances
Although a Senate committee chairman is crafting legislation to rescue the automobile industry, the political viability of a bailout remained uncertain Thursday amid disagreement over where the money should come from and whether bankruptcy would be a better option. (Thu, 04 Dec 2008 15:51:20 GMT)

Democrats Step Up Calls for Treasury, Fed Aid to Auto Industry
Democrats on Thursday intensified their efforts to get the Bush administration to provide the funding for an automotive industry bailout, calling into question whether they have enough votes to aid the industry legislatively. (Fri, 05 Dec 2008 00:55:00 GMT)

Gothenburg Mayor Renews Call for State Aid to Car Industry
Dec. 5 (Bloomberg) -- Gothenburg Mayor Goeran Johansson renewed his call for the Swedish state to help the country’s auto industry and said he is dismayed the government did not include measures for car companies in a stimulus plan it unveiled today. (Fri, 05 Dec 2008 12:30:58 GMT)

Auto Industry's Financial Crisis To Hit Home
Thousands of Maryland workers and retirees are tied to the fortunes of the auto industry. (Fri, 05 Dec 2008 13:04:45 GMT)

Little chance of bail-out for automobile giants
THE chances of the US car industry obtaining a $US34 billion ($52 billion) bail-out from Congress before Christmas have dimmed amid opposition from fiscal hawks within the Republican Party and reservations among the Democrats about whether the car makers can become viable. (Fri, 05 Dec 2008 13:17:39 GMT)

McConnell undecided on auto industry assistance
Senate Minority Leader Mitch McConnell said U.S. automakers are facing a financial crisis but steered clear Friday of endorsing a congressional plan to rescue the industry. "We would all like to save the American domestic automobile industry, the question is how best to do that," McConnell, R-Ky., told reporters after speaking at the annual Kentucky Farm Bureau convention. He said options ... (Fri, 05 Dec 2008 17:46:52 GMT)

Little chance of bail-out for automobile giants
THE chances of the US car industry obtaining a $US34 billion ($52 billion) bail-out from Congress before Christmas have dimmed amid opposition from fiscal hawks within the Republican Party and reservations among the Democrats about whether the car makers can become viable. (Fri, 05 Dec 2008 22:52:11 GMT)

Leaders near short-term deal over ailing auto industry
Friday night brought a key breakthrough to long-stalled talks on how to help the auto industry. (Sat, 06 Dec 2008 04:43:00 GMT)

$15B aid compromise possible for auto industry
WASHINGTON -- Stunned by the loss of 500,000 jobs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered auto industry. President George W. Bush warned that at least one of the Big Three carmakers might not survive the current economic crisis. (Sat, 06 Dec 2008 07:09:14 GMT)

Automotive Rescue Is Threatened By Impasse
Senate Democrats yesterday unveiled a plan to speed $25 billion in emergency loans to the imperiled automobile industry, but they acknowledged that its chances of passage are slim without a breakthrough in talks with the Bush administration. (Sat, 06 Dec 2008 08:12:15 GMT)

Why were Wall Street workers not asked for concessions?
Autoworkers stepped up to the plate to save the car industry. White-collar workers, on the other hand, weren't expected to do the same when financial firms went to Congress with hat in hand. The president of the United Automobile Workers union, Ron Gettelfinger, cut right to the chase when he announced last week that autoworkers were prepared to sacrifice job security, funding for retiree ... (Sat, 06 Dec 2008 08:19:42 GMT)

Time to Change Gears for a Fuel-Efficient Future
We have the chance to remake the automobile industry, to strengthen America's technological muscle. But we are frittering away the opportunity. (Sat, 06 Dec 2008 09:04:01 GMT)

House to Consider Auto Aid
The House will convene next week to vote on a plan to provide emergency cash to the nation's battered automobile industry, Speaker Nancy Pelosi said yesterday, but a federal bailout for Detroit faces an uphill battle in the Senate and an uncertain fate at the White House. (Sat, 06 Dec 2008 09:11:52 GMT)

Pundits Unfairly Target American Automakers
The Mob of Pundits (MOP) is out to lynch the domestic automobile industry. (Sat, 06 Dec 2008 09:16:48 GMT)

Congress, White House work to help auto industry
Facing massive job losses, the White House and congressional Democrats are working to provide about $15 billion in loans to prevent Detroit's weakened auto industry from collapsing. (Sat, 06 Dec 2008 12:48:39 GMT)

Argentina to give car loans to boost industry
Argentina's government is trying to bolster its automobile industry with low-cost loans for people buying a first new car. (Sat, 06 Dec 2008 16:48:00 GMT)

Argentina to give car loans to boost industry
Associated Press - December 6, 2008 11:53 AM ET BUENOS AIRES, Argentina (AP) - Argentina's government is trying to bolster its automobile industry with low-cost loans for people buying a first... (Sat, 06 Dec 2008 16:58:06 GMT)

Argentina to give car loans to boost industry
By The Associated Press BUENOS AIRES, Argentina (AP) -- Argentina's government is trying to bolster its automobile industry with low-cost loans for people buying a first new car. (Sat, 06 Dec 2008 16:58:16 GMT)

Argentine government announces loans to boost struggling auto industry
BUENOS AIRES, Argentina - Argentina's government is trying to bolster its automobile industry with low-cost loans for people buying a first new car. Production Minister Deborah Giorgi says the program will cost about 3.1 billion pesos ($900 million). (Sat, 06 Dec 2008 17:01:51 GMT)

Auto Bailout Talks Focus on Short-Term Aid for Industry
House and Senate negotiators are working through the weekend on a short-term auto industry loan package that could garner bipartisan support, a day after House Speaker Nancy Pelosi signaled that she would, under certain conditions, agree to use funds from an existing Energy Department loan program. (Sat, 06 Dec 2008 18:43:18 GMT)

Local Car Dealer Not Worried About Business Due to Auto Industry Concerns
An economic recession is threatening one of the biggest industries in our country. In the state of Texas, the automobile industry provides thousands of jobs and pump millions of dollars into the state's economy. (Sun, 07 Dec 2008 07:10:45 GMT)

Some Republicans in Congress question aid to auto industry
WASHINGTON — As Senate staff members worked through the weekend to draft legislation for a taxpayer rescue of the imperiled American automobile industry, Republicans, who have the power to scuttle the plan, offered mixed reactions to the preliminary details on Saturday. (Sun, 07 Dec 2008 10:02:54 GMT)

Republicans divided on aid to U.S. automakers
As Senate staff members drafted legislation for a taxpayer rescue of the automobile industry, Republicans offered mixed reactions to the preliminary details. (Sun, 07 Dec 2008 10:26:36 GMT)

Why a federal bailout may not save the American automobile industry.
Associated PressSUNSET OVER GENERAL MOTORS: Flags fly over the GM corporate headquarters in Detroit as the daylight wanes. Detroit's Big 3 carmakers are wedded not just to obsolete thinking but to a business model that cannot be sustained by today's... (Sun, 07 Dec 2008 18:42:31 GMT)

Industry vet hopes to drive online sales of used cars
Peter Greenberg estimates automobile dealerships get a 50-cent return for every $1 they spend on advertising and marketing. (Mon, 08 Dec 2008 05:14:07 GMT)

Booming Russian Automobile Sector
According to our new research report - “Booming Russian Automobile Sector” - the Russian automotive industry is growing at a fast pace and emerging as one of the most competitive and dynamic industries at the world level. (Mon, 08 Dec 2008 11:00:49 GMT)

Readers give auto bailout a thumbs down
The Internet Business Pulse Survey recently asked if the automobile industry should be bailed out or not: 75 percent said no. A sampling of reader comments: (Mon, 08 Dec 2008 14:34:44 GMT)

Deal reached on 15 billion US auto industry bailout: Democrats
Democrats in Congress announced Monday that they will introduce a bill making available as much as 15 billion dollars in immediate aid for the troubled US automobile industry. (Mon, 08 Dec 2008 23:11:04 GMT)

Deal reached on US$15 billion auto industry bailout
WASHINGTON: Democrats in Congress announced Monday that they will introduce a bill making available as much as US$15 billion in immediate aid for the troubled US automobile industry. (Tue, 09 Dec 2008 00:36:15 GMT)

House Leaders Set to Sell Auto Plan
Close to striking a $15 billion deal with the White House, Democratic leaders prepared to sell an automobile industry rescue plan to skeptical members of both parties in hopes of sending the president a bill by week's end. (Tue, 09 Dec 2008 01:46:17 GMT)

U-M professor's start-up attracts funding as it works on advanced lithium-ion batteries to save auto industry
In a modest office near Briarwood Mall in Ann Arbor, Ann Marie Sastry oversees a small group of engineers racing to create what could become the ultimate savior of the U.S. automobile industry: a next-generation lithium-ion battery. Since its founding last year, Sastry's company, called Sakti3 Inc., has emerged as one of Michigan's most important start-up firms. (Tue, 09 Dec 2008 08:28:24 GMT)

Democrats propose 15 billion dollar auto industry bailout
Democrats in the US Congress have announced they will introduce a bill making up to 15 billion dollars available in immediate aid for the US automobile industry. (Tue, 09 Dec 2008 09:26:38 GMT)

Bailout of auto industry fraught with risks
WASHINGTON – When President-elect Barack Obama talked Sunday about realigning the American automobile industry, he was quick to offer a caution, lest he sound more like the incoming leader of France, or perhaps Japan. “We don't want government to run companies,” Obama told Tom Brokaw on “Meet the Press.” “Generally, government historically hasn't done that very well.” (Tue, 09 Dec 2008 11:13:24 GMT)

Deal to Rescue American Automakers Is Moving Ahead
The White House and Democratic Congressional leaders said Monday that they were close to agreeing on the terms of a $15 billion government rescue of the American automobile industry that would be directed by one or more appointees of President Bush and would impose expansive federal oversight of the auto companies, The New York Times’s David M. Herszenhorn reported. (Tue, 09 Dec 2008 12:17:50 GMT)

Washington Takes Risks With Its Auto Bailout Plans
When President-elect Barack Obama talked on Sunday about realigning the American automobile industry he was quick to offer a caution, lest he sound more like the incoming leader of France, or perhaps Japan. (Tue, 09 Dec 2008 12:18:00 GMT)

Deal to Rescue American Automakers Is Moving Ahead
A $15 billion government rescue of the U.S. automobile industry would be directed by Bush appointees and impose expansive oversight. (Tue, 09 Dec 2008 14:05:13 GMT)

(AFX UK Focus) 2008-12-10 04:23 India's Nov car sales down 19.4 pct y/y-industry
NEW DELHI, Dec 10 (Reuters) - Car sales in India fell an annual 19.4 percent to 83,059 in November, an industry body said on Wednesday, the fourth drop in five months as high borrowing costs, tight credit and a slowing economy weigh on demand. Sales of trucks and buses fell to 20,637 units in November, down 49.5 percent from a year earlier, the Society of Indian Automobile Manufacturers said in ... (Wed, 10 Dec 2008 04:44:30 GMT)

Mexico's auto industry looks for bailout
Producers of cars and trucks in Mexico are seeking $3 billion of loans from the nation's government to spur vehicle sales after four months of declines, the president of the Mexican Automobile Industry Association said. (Wed, 10 Dec 2008 05:31:46 GMT)

Auto industry November sales drop 18%
NEW DELHI: The Indian Automobile industry on Tuesday reported its worst ever sales in history with overall domestic sales declining by 17.98 per cent in November, as commercial and passenger vehicle sales skidded off the road. (Wed, 10 Dec 2008 08:33:53 GMT)

Auto industry posts biggest fall in sales in 8 years at 17.98%
The Indian Automobile industry today reported its worst ever sales in history with overall domestic sales declining by 17.98 per cent in November, as commercial and passenger vehicle sales skidded off the road. (Wed, 10 Dec 2008 08:44:22 GMT)

BMW, Daimler to Gain With Detroit From U.S. Bailout (Update1)
Dec. 10 (Bloomberg) -- Bayerische Motoren Werke AG and Daimler AG, the largest luxury-car makers, stand to benefit more from a government rescue of the U.S. automobile industry than if their competitors go bankrupt. (Wed, 10 Dec 2008 11:49:14 GMT)

Democrats and Bush Near Deal on Auto Bailout
Congressional Democrats and the Bush administration on Tuesday night were on the brink of an agreement on a taxpayer rescue of the American automobile industry, with a vote in the House expected as soon as Wednesday afternoon, The New York Times’s David M. Herszenhorn reported. (Wed, 10 Dec 2008 12:32:50 GMT)

Auto industry posts biggest fall in Nov
New Delhi, Dec 10: The Indian Automobile industry on Wednesday reported its worst ever sales in history with overall domestic sales declining by 17.98 per cent in November, as commercial and passenger vehicle sales skidded off the road. (Wed, 10 Dec 2008 16:36:38 GMT)

Porsche unlikely to race in IndyCar Series:
Porsche was one of five manufacturers (not counting current engine supplier Honda) to meet with Indy Racing League officials in June and September regarding the IndyCar Series' 2011 engine specifications, as the series seeks future engine suppliers... (Wed, 10 Dec 2008 16:43:00 EST)

House approves US auto industry bailout; vote shifts to Senate
The House of Representatives approved a 15-billion-dollar government lifeline for the teetering US auto industry, but the legislation now faces stiff Republican opposition in the Senate. (Thu, 11 Dec 2008 03:41:04 GMT)

Bailout Considered Just a Beginning for Revival of U.S. Auto Industry
Transforming the U.S. auto industry into a profitable, innovative sector is likely to take more than the emergency loans approved by the House last night. Business leaders and industry analysts said the companies will also need further government assistance to get customers back in showrooms and... (Thu, 11 Dec 2008 05:59:38 GMT)

Automobile sector records worst-ever contraction: SIAM
(RTTNews) - The global financial turmoil has impacted the Indian automobile industry badly, as auto sales plunged in November confirming the industry's worst fears of a full-fledged slowdown. (Thu, 11 Dec 2008 07:23:01 GMT)

Auto Industry EV-olution
----What is the future of the automobile industry? Within a single century, personal transportation has progressed from horse-and-buggies to nearly one billion private automobiles. While our lives are unimaginable without cars, the vast majority of vehicles depend on oil, a problematic and limited natural resource that contributes to global warming. (Thu, 11 Dec 2008 09:35:00 GMT)

Auto Industry EV-olution
What is the future of the automobile industry? Within a single century, personal transportation has progressed from horse-and-buggies to nearly one billion private automobiles. While our lives are unimaginable without cars, the vast majority of vehicles depend on oil, a problematic and limited natural resource that contributes to global warming. Against this environmentally unsustainable ... (Thu, 11 Dec 2008 09:56:07 GMT)

Iowa senators skeptical of auto industry bailout
Iowa’s U.S. senators said Wednesday they had significant misgivings about a bill aimed at buoying the struggling automobile industry. (Thu, 11 Dec 2008 10:15:40 GMT)

Formula One teams pledge major cost cuts, changes:
The FIA World Motor Sport Council will meet Friday, Dec. 12, to discuss a raft of changes and cost-cutting measures to Formula One, and early indications say that the sport is set for a major overhaul in the coming seasons. (Thu, 11 Dec 2008 12:04:00 EST)

House Passes Auto Rescue Plan
The House voted on Wednesday to approve a $14 billion government rescue of the American automobile industry, but the bailout plan, which would provide emergency loans to General Motors and Chrysler , was in jeopardy because of strong Republican opposition in the Senate, The New York Times’s David M. Herszenhorn and David E. Sanger reported. (Thu, 11 Dec 2008 12:32:51 GMT)

Is Cerberus Bluffing on GMAC?
As lawmakers debated a bailout package for Detroit’s big automobile companies, the future of an important piece of the industry was being negotiated on a parallel track in New York on Wednesday. (Thu, 11 Dec 2008 12:33:41 GMT)

Obama ‘Hopeful’ Congress Will Pass Auto Industry Bill (Update1)
Dec. 11 (Bloomberg) -- President-elect Barack Obama said he’s “hopeful” that Congress will approve an automobile industry rescue package this week to head off more damage to the U.S. economy. (Thu, 11 Dec 2008 16:50:35 GMT)

Prospects dim for $14 billion auto industry rescue
Prospects for a $14 billion auto industry rescue bill dimmed Thursday amid growing opposition in both parties and despite urgent appeals by both President-elect Barack Obama and President George W. Bush. (Thu, 11 Dec 2008 18:59:25 GMT)

What's The History Behind the Detroit Mess? Read Richard A. Wright's "First 100 Years of the Auto Industry in the U.S."
About a dozen years ago, around the same time that The Auto Channel first went online, Richard A. Wright presented a study of the American auto industry in his "A Brief History of the First 100 Years of the Automobile Industry in the United States." (Thu, 11 Dec 2008 19:11:41 GMT)

Windsor celebrates as arena opens
WINDSOR, Ont. - The city, which is suffering double-digit unemployment and a faltering automobile industry, is finally celebrating. (Fri, 12 Dec 2008 02:05:00 GMT)

Auto Industry Rescue--What happens next?:
We are witnessing staggering hypocrisy. The U.S. Senate late last night rejected an emergency bill to rescue Detroit automakers, putting nerves on edge and heightening the prospects that General Motors and Chrysler could collapse. (Fri, 12 Dec 2008 10:39:00 EST)

Senate Abandons Automaker Bailout Bid
The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats, The New York Times’s David M. Herszenhorn reported. (Fri, 12 Dec 2008 12:17:50 GMT)

Mercedes previews new B-class with Detroit concepts:
The German car enthusiast press is loaded with reports of Mercedes-Benz bringing a trio of clean-running concept cars to the Detroit auto show next month. The concepts give us a preview of the new B class. (Fri, 12 Dec 2008 14:36:00 EST)

White House considers using TARP for auto bailout
The Bush administration says it will consider its options to save the nation’s automobile industry, including tapping the $700 billion in funds under the Troubled Asset Relief Program, as Capitol Hill's efforts to extend $14 billion in loans are stymied. (Fri, 12 Dec 2008 14:51:56 GMT)

Auto industry stocks in flux
Automobile industry stocks were mixed Friday as a White House suggestion that funds from the $700 billion Treasury bailout might be used to help the Big Three was countered by General Motors' announcing a production cut. (Fri, 12 Dec 2008 15:20:26 GMT)

Whitfield votes to to protect KY taxpayers, opposes automobile bailout
U.S. Representative Ed Whitfield (KY-01) stood up for Kentucky taxpayers already hit hard by the economic recession, voting against a $15 billion taxpayer funded bailout of the U.S. automobile industry today. (Fri, 12 Dec 2008 15:41:19 GMT)

Canada ready to help its auto industry: minister
The Canadian government is ready to help the country's automobile industry, Finance Minister Jim Flaherty said Friday after the US Senate failed to reach a deal overnight on a bill to bail out American automakers. (Fri, 12 Dec 2008 17:39:33 GMT)

White House Ready To Tap Financial Bailout Funds to Rescue Auto Industry
In the wake of the Senate's failure to pass auto industry rescue legislation, the White House said Friday it will consider using funds from the financial industry bailout program to stave off collapse of the automakers. (Fri, 12 Dec 2008 18:16:00 GMT)

Sweden woos Indian investors in automotive industry
Kochi, Dec 12: Head of Automobile Invest in Sweden Robert Karlsson today said the automotive sector offered immense opportunities for new entrants and urged the Indian investors to invest in his country. (Sat, 13 Dec 2008 05:10:45 GMT)

Local auto dealers say industry bailout needed
Mark Hanner wasn't idly sitting in his office Friday afternoon, waiting for news of a federal bailout of the automobile manufacturing industry. (Sat, 13 Dec 2008 05:51:00 GMT)

Local auto industry leader reacts to bailout failure
CLINTON — Local automobile industry leaders are not giving up hope that the Big 3 will receive much-needed funds in the form of emergency loans. (Sat, 13 Dec 2008 06:29:27 GMT)

Could Indiana become Silicon Valley of auto industry?
Expecting the White House will prop it up in the short term, the troubled Detroit auto industry soon will face its toughest challenge yet. (Sat, 13 Dec 2008 07:09:30 GMT)

Hamish McRae: If the US car industry can't get off the road to hell, we'll be driving there too
Something will be patched up to rescue the three giant US automobile companies – or perhaps one should say two and a half because poor Chrysler is a shadow of its past glory. You cannot rule out the US version of bankruptcy, Chapter 11, which is less onerous than our own. But even without that devastating step, the industry will not be the same again. What we are seeing is one more inevitable ... (Sun, 14 Dec 2008 00:01:41 GMT)

White House: No immediate deal on automobile loans
WASHINGTON - The Bush administration tossed out no lifeline for the teetering auto industry Sunday and a Republican who blocked $14 billion in loans said it appeared the White House hadn't decided what to do. (Mon, 15 Dec 2008 08:31:20 GMT)

Pontiac will bring G3 but reconsiders G8 ST:
Although Pontiac plans to trim nameplates in the next three years to possibly one vehicle, the front-wheel-drive 2010 G3 subcompact will arrive on schedule next spring. (Mon, 15 Dec 2008 09:01:00 EST)

Pontiac could be a one-car brand:
The Pontiac brand next decade may be trimmed to one nameplate--or it could have as many as three. (Mon, 15 Dec 2008 09:03:00 EST)

Joe Lauria: Ditch the Automobile Altogether
The debate over whether to save the American auto industry with yet more billions of taxpayers' money is the wrong one. The discussion should be... (Mon, 15 Dec 2008 09:51:54 GMT)

Invest in Aston?:
Aston Martin's relatively new owner is considering selling a 10-20 percent stake in the British sports car maker, according to European press reports. (Mon, 15 Dec 2008 10:50:00 EST)

Bulgaria makes bid to host Formula One race:
Bulgaria is the latest nation to express a desire to host Formula One. (Mon, 15 Dec 2008 10:58:00 EST)

France's Sarkozy to meet struggling carmakers
PARIS, Dec 15 (Reuters) - French President Nicolas Sarkozy meets senior automobile industry executives on Monday to discuss aid plans for a sector that is slashing jobs in response to a dramatic fall in sales. (Mon, 15 Dec 2008 11:08:40 GMT)

Bailout decision still has impact for Honda By J-T staff reports
Honda officials have said the company does not have a position on the apparently failed bailout of the domestic auto industry. “What we can say is that we are closely watching the automobile marketplace,” Lietzke said. (Mon, 15 Dec 2008 11:19:50 GMT)

4 will enter European Automotive Hall of Fame:
The newest members of the European Automotive Hall of Fame share a common trait: guts. (Mon, 15 Dec 2008 11:28:00 EST)

Top this! 2009 BMW Z4 gets folding hardtop :
BMW will unveil its first roadster with a retractable hardtop, the all-new 2009 Z4, at the North American International Auto Show in Detroit in January. (Mon, 15 Dec 2008 11:30:00 EST)

The 13th Shanghai International Automobile & Manufacturing Technology Exhibition to be Held Next Spring
As one of the important global automotive industry events in 2009, the 13th International Automobile & Manufacturing Technology Exhibition , themed "Art of Innovation", will take place April 22-28, 2009 at the Shanghai New International Expo Centre with a brand new vision. (Mon, 15 Dec 2008 13:00:00 GMT)

Automobile Magazine Reveals 2009 All-Stars Winners
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. , today announced the winners of its 2009 AUTOMOBILE MAGAZINE All-Stars Awards. (Mon, 15 Dec 2008 13:02:00 GMT)

Russian auto production falls 20% from Nov 20-30
MOSCOW. Dec 15 (Interfax) - Russian automobile production fell 20% to 44,108 vehicles from November 20-30 compared to average ten-day periods of October, a source in the industry told Interfax. (Mon, 15 Dec 2008 13:03:45 GMT)

Toyota halts U.S. Prius project:
Toyota Motor Corp., with its sales plunging in the United States, is freezing its plan to build the Toyota Prius in a new plant near Tupelo, Miss. For how long? The automaker doesn't know. (Mon, 15 Dec 2008 14:48:00 EST)

Sarkozy moves to help car industry
PRESIDENT Nicolas Sarkozy has asked his industry minister to draft proposals to help France's struggling car industry, among the hardest-hit by the global slowdown. (Mon, 15 Dec 2008 17:29:00 GMT)

Sarkozy moves to help France's struggling car industry
President Nicolas Sarkozy on Monday asked his industry minister to draft proposals to help France's struggling car industry, among the hardest-hit by the global slowdown. (Mon, 15 Dec 2008 19:00:34 GMT)

Sarkozy proposes more aid to French auto industry
French President Nicolas Sarkozy on Monday proposed to provide "new forms of assistance, particularly in the form of loans or guarantees" for the auto industry, during a meeting with the leaders of major French automakers in the Elysee to discuss solutions to the crisis. Sarkozy said he was prepared to provide additional aid to the industry, but on the condition that these companies do not ... (Tue, 16 Dec 2008 02:46:22 GMT)

Revealed: Volvo S60 concept:
The Volvo S60 concept headed for the Detroit auto show in January carries a heavy dose of fantasy features while offering a strong hint of the 2010 production car. (Tue, 16 Dec 2008 09:45:00 EST)

WE'LL PUT YOU BACK ON THE ROAD, BUSH REASSURES DETROIT
WASHINGTON - The White House reassured Detroit's "fragile" automakers yesterday that short-term help was on its way in hopes that this holiday season wouldn't go down in history for the collapse of the automobile industry. "An abrupt bankruptcy... (Tue, 16 Dec 2008 10:32:04 GMT)

Auto industry likely to get $15 billion loan from U.S. this week
DETROIT — Sen. Carl Levin, D-Mich., said he expects a federal loan package for the auto industry to be worked out by midweek. (Tue, 16 Dec 2008 11:10:53 GMT)

CCID Consulting Analyzes the Characteristics of China's Internet Finance Information Service Industry
CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong , recently released an article on China's Internet finance information service industry. (Tue, 16 Dec 2008 13:00:00 GMT)

Volkswagen launches the new Passat CC in the Middle East
Volkswagen Middle East is ending 2008 with a remarkable regional launch of the Passat CC in Dubai. This sporty, dynamic car represents a brand new segment in the automobile industry combining the rationality of a saloon and the emotional appeal of a sports coupé, a first for the motoring world. (Tue, 16 Dec 2008 13:45:49 GMT)

Editorial: Chequered history
The media has taken note of the silver jubilee of the launch of Maruti cars in India; much has been written about the role that the initial model (Maruti 800) and the venture itself did to engineer the birth of a modern automobile industry in India, and to usher in modern manufacturing practices and technology. (Tue, 16 Dec 2008 14:51:10 GMT)

US auto bailout plan failure not a major concern, says TCS
Tata Consultancy Services (TCS), India's largest IT services provider, has said the failure of the US Senate to agree on a financial rescue plan for the nation's struggling auto industry is not a major concern for the company, which has American automobile manufacturer Chrysler as its client. (Tue, 16 Dec 2008 14:51:53 GMT)

Pontiac prices G8 GXP just under $40,000:
The 2009 Pontiac G8 GXP will start at $39,995, including $685 destination and freight charges and $1,700 in applicable federal gas guzzler taxes. Options include a $695 six-speed manual transmission and a $900 sunroof. (Tue, 16 Dec 2008 15:33:00 EST)

Canada forest industry asks for budget aid
The Canadian government must not overlook the limping forestry industry as it helps out the auto and banking sectors, the Forest Products Association of Canada said on Tuesday. (Tue, 16 Dec 2008 16:46:46 GMT)

Forest industry asks government for budget aid
The government must not overlook the limping forestry industry as it helps out the auto and banking sectors, the Forest Products Association of Canada said on Tuesday. (Tue, 16 Dec 2008 16:50:50 GMT)

Fiat plant closures may be signal to Rome
Unlike Europe's other two major car-producing countries, France and Germany, Italy has yet to come out with a plan to support its struggling automobile industry. (Tue, 16 Dec 2008 18:55:25 GMT)

Canadian forest industry asks for budget aid
Canada's limping forestry industry fears it may get overlooked in the political scramble to stimulate the economy, but also says it is not asking for an auto sector-style bailout. (Tue, 16 Dec 2008 19:18:28 GMT)

Subaru to debut Legacy concept at Detroit show:
Subaru will show a Legacy concept at next month’s Detroit auto show to help celebrate 20 years of the car's production. The concept also offers a glimpse at what the next-generation Legacy will look like when it arrives for the 2010 model year. (Tue, 16 Dec 2008 23:54:00 EST)

Subaru to debut Legacy concept at Detroit show:
Subaru will show a Legacy concept at next month’s Detroit auto show to help celebrate 20 years of the car's production. The concept also offers a glimpse of what the next-generation Legacy will look like when it arrives for the 2010 model year. (Wed, 17 Dec 2008 04:30:00 EST)

Healthy auto industry a must have, Sutton says
LORAIN — Congresswoman Betty Sutton is pushing the message that saving the automobile industry is vital to the nation's economy. (Wed, 17 Dec 2008 08:08:17 GMT)

Honda cancels new Acura NSX:
Plans for Acura’s NSX supercar program are on ice. (Wed, 17 Dec 2008 09:17:00 EST)

UPDATE 3-Japan 2009 tyre output may fall 5 pct -industry
TOKYO, Dec 17 (Reuters) - Tyre production in Japan is expected to fall 5 percent next year in terms of rubber usage as the global economic crisis takes its toll on car demand worldwide, Japan's tyremaker industry group said on Wednesday. (Wed, 17 Dec 2008 10:10:44 GMT)

Honda to cut 10% salary of its top brass
Addition of new capacity, initially scheduled for Q4 of 2009, has been deferred in view of the current economic slowdown, which has impacted the automobile industry, resulting in a drop in demand, a senior offical of HSCI said. The company had anounced an initial investment of Rs 1,000 crore (Rs 10 billion) at the Rajasthan plant, of which Rs 600 crore (Rs 6 billion) had already been used. (Wed, 17 Dec 2008 12:12:01 GMT)

State's mayors focus on auto industry
KOKOMO #8212; The mayors of two Indiana cities with thousands of auto industry jobs are organizing a meeting of government, business and labor leaders to discuss what they could do if the proposed federal relief package for General Motors and Chrysler doesn #8217;t happen. (Wed, 17 Dec 2008 13:02:46 GMT)

Tough Co2 Legislation Must Be Matched By Support For The Automotive Industry
BRUSSELS, Belgium – December 17, 2008: The European automotive industry will continue to contribute to the ambitious European energy and climate change strategy and is ready to meet the CO2 legislation for passenger cars, endorsed by the European Parliament today. (Wed, 17 Dec 2008 14:26:41 GMT)

Editorial: Detroit dilemmas
Attention in Washington DC has shifted from the financial sector to the automobile industry, as the US’ Big Three struggle to get funds from the government to stay afloat. (Wed, 17 Dec 2008 14:48:46 GMT)

Kia teases Soul-based concept headed for Detroit:
The auto show teases continue, and today Kia is playfully showing the front end of a Soul-based concept that will bow in Detroit. (Wed, 17 Dec 2008 19:00:00 EST)

Cheney urges caution on auto bailout
EXCLUSIVE: Vice President Dick Cheney cautioned Wednesday that the government should not get too involved in the management of the struggling automobile industry even if the Bush administration provides short-term financial relief. (Wed, 17 Dec 2008 23:14:20 GMT)

Area legislators react to Bosch cuts, auto industry bailout
With nearly 125 businesses supporting the automotive industry in the Upstate, the problems facing the big three automakers could have ripple effects throughout the area, experts say. (Thu, 18 Dec 2008 01:44:19 GMT)

Columnist: Administration dallies while auto industry sweats it out
Columnist: Administration dallies while auto industry sweats it out (Thu, 18 Dec 2008 03:39:23 GMT)

Merck to shut down several manufacturing facilities
Strongly reduced demand in businesses segments such as the automobile industry and consumer electronics caused by the current economic slowdown has resulted in a substantial decrease in demand for products from Merck KGaA's Liquid Crystals division as well as from the business unit Effect Pigments, which is part of the Performance and Life Science Chemicals division. (Thu, 18 Dec 2008 06:45:49 GMT)

Local car dealers anxiously eye Washington
While lawmakers in Washington, D.C., spent most of their week weighing whether to grant financial help to the struggling automobile industry, many closest to the situation in the region say there shouldn't even be a debate about the issue. (Thu, 18 Dec 2008 07:53:53 GMT)

Japan's new auto sales likely to fall below 5 mln units in 2009
Japan's new vehicle sales are likely to fall by 4.9 percent year-on-year to 4.86 million units in 2009,sinking below 5 million for the first time in 30 years, the Japan Automobile Manufacturers Association said Thursday. If that proves to be the case, the sales of new vehicles will suffer the fifth consecutive yearly decline, said the industry body. And the total domestic sales in 2008 will ... (Thu, 18 Dec 2008 08:25:17 GMT)

Ford will shut 10 plants as part of planned production cut:
Ford Motor Co. will close 10 of its active North American assembly plants the week of Jan. 5 as part of a previously announced plan to curb output. (Thu, 18 Dec 2008 08:59:00 EST)

GM: Merger talks with Chrysler have not restarted:
General Motors is denying that talks about possibly merging with Chrysler have restarted. (Thu, 18 Dec 2008 09:27:00 EST)

Diesels, Ford dominate finalists for car, truck of the year awards:
The short list for the 2009 North American Car and Truck of the Year awards is in, and diesels and Ford are looking good so far. (Thu, 18 Dec 2008 12:14:00 EST)

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