Auto News Feb 2009

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All May Not Be Lost for the American Car
But first the auto industry has to survive the next few years. (Sun, 01 Feb 2009 01:45:05 GMT)

Saving the American car
Is there a case to be made that the U.S. car industry could revive itself, instead of ending up in a coffin? History and technology suggest that there may be, if the Big 3 automakers survive the next few years. (Sun, 01 Feb 2009 04:43:54 GMT)

Auto-industry town's plan for survival: diversification
There's little question this is a company town. The 14-story Chrysler world headquarters is the tallest building for miles, towering over a 486-acre corporate campus on the western edge of the city. Police cruise in Dodge Chargers developed with the automaker. The city manager drives one too, and his wife gets around in a Dodge minivan. City Hall is a converted country estate built by John ... (Sun, 01 Feb 2009 12:43:13 GMT)

Rs 1.2 lakh cr investment at risk, need govt support: SIAM
Making an impassioned plea for help, apex auto industry body Society of Indian Automobile Manufacturers (SIAM) has said, over Rs 1,20,000 crore investment could be at risk, putting millions of jobs at stake if the government support is not forthcoming. (Sun, 01 Feb 2009 14:32:36 GMT)

Tax holidays may boost auto industry: Ficci
Apex industry chamber Ficci has demanded income tax holidays, import duty concessions on machinery and incentivise eco-cars to give a boost to the struggling Indian auto and help the sector double its contribution to the country's GDP from 5 %. (Sun, 01 Feb 2009 20:11:15 GMT)

Rs 1.2 lakh cr investment at risk, need govt support: SIAM
Making an impassioned plea for help, apex auto industry body Society of Indian Automobile Manufacturers (SIAM) has said, over Rs 1,20,000 crore investment could be at risk, putting millions of jobs at stake if the government support is not forthcoming. (Mon, 02 Feb 2009 04:03:09 GMT)

Atherton To Speak At SAE Industry Meeting
Scott Atherton, President and CEO of the American Le Mans Series, will be the featured speaker and give the Opening Address in Washington, D.C. Wednesday, February 4 at the SAE International's Government Industry Meeting breakfast. Atherton's address will focus on the cooperative efforts of the American Le Mans Series with government agencies, SAE International and the automobile industry to ... (Mon, 02 Feb 2009 05:10:10 GMT)

Local auto dealers consolidate to survive slow period
Jack Holcomb expects things to get worse in the automobile industry before they improve in the current economy. (Mon, 02 Feb 2009 05:16:58 GMT)

Japan's new vehicle sales at 41-year low: industry group
New vehicle sales in Japan fell to the lowest level in four decades in January as the deepening recession depressed consumer sentiment, an industry group said Monday. (Mon, 02 Feb 2009 07:05:00 GMT)

Japan's new vehicle sales at 41-year low: industry group
New vehicle sales in Japan fell to the lowest level in four decades in January as the deepening recession depressed consumer sentiment, an industry group said Monday. (Mon, 02 Feb 2009 07:05:00 GMT)

Japan's new vehicle sales at 41-year low: industry group
File photo shows Toyota Motor workers on a car assembly line at the company's Kyushu plant in Miyata City in Fukuoka prefecture. New vehicle sales in Japan fell to the lowest level in four decades in January as the deepening recession depressed consumer sentiment, an industry group said Monday. (Mon, 02 Feb 2009 07:37:11 GMT)

China's auto sector may outperform India's in 2009: Merrill
The automobile industry in China is poised to perform better than that of India in 2009, as the country's recent state-sponsored measures to boost demand is expected to benefit its sector there, said Merrill Lynch in its report on Asia's auto sector. (Mon, 02 Feb 2009 08:44:36 GMT)

Nigeria: Auto Industy - Udenwa Tasks Stakeholders On Revival Strategy
Abuja — Worried by the Nigeria's ailing automobile industry, the minister of Commerce and Industry, Chief Achike Udenwa, has tasked the Nigerian Automotive Manufactures Associaiton (NAMA) and Aber stakeholders, in the auto industry to come up with suggestions or measures aimed at reviving the industry. (Mon, 02 Feb 2009 09:31:57 GMT)

Japan auto sales plunge in January to 37-year low
TOKYO, Feb 2 — Auto sales in Japan sank to a 37-year low in January as worried consumers held off on big buys, an industry group said today. Some 174,281 vehicles were sold for the month, a plunge of 27.9 per cent from a year earlier and the biggest fall on record for January sales, the Japan Automobile Dealers Association said. Auto sales had been stagnant for years as younger Japanese ... (Mon, 02 Feb 2009 10:39:42 GMT)

Powering Through the Recession
Brian Jarrett owns a plethora of cars of different makes, models, colors, and prices. But for those who have heard the Jarrett name in connection with his automobile dealerships, this news is not a surprise. Jarrett, 43, became involved in the car dealership industry at a young age. (Mon, 02 Feb 2009 14:12:07 GMT)

140 to lose jobs as Va. auto industry plant closes
Associated Press - February 2, 2009 1:05 PM ET DUBLIN, Va. (AP) - A manufacturer of automobile brake pads and linings will close its plant near Dublin, putting 140 people out of work. (Mon, 02 Feb 2009 18:11:05 GMT)

Top 10 CV Makers Sell 1.79 Mln Vehicles In '08
Shanghai, February 2, 2009: (Gasgoo.com) China Association of Automobile Manufacturers has unveiled the country's top 10 commercial vehicle sellers in 2008, industry website caixun.com reported. (Mon, 02 Feb 2009 18:32:13 GMT)

140 to lose jobs as Va. auto industry plant closes
A manufacturer of automobile brake pads and linings will close its plant near Dublin, putting 140 people out of work. TMD Friction Group said in a news release it will close its Pulaski County factory by May 31 because of a massive decline in automotive industry sales worldwide. (Mon, 02 Feb 2009 19:01:29 GMT)

Japan auto sales fell 28% in January
Domestic sales of new vehicles plunged 27.9 percent in January from a year earlier to 174,281 units, the biggest monthly drop since May 1974 and the largest ever for a January, as the widening global recession continued to dent demand, an industry body said Monday. It was the sixth consecutive monthly decline in Japan's new auto sales, excluding minivehicles, the Japan Automobile Dealers ... (Mon, 02 Feb 2009 21:03:08 GMT)

The 79th Geneva International Motor Show: 85 World and European Premiers of Remarkable New Cars
GENEVA, Switzerland – February 3, 2009: All of the major automobile manufacturers will be meeting at the Geneva International Motor Show from March 5 – 15, 2009, in spite of the difficult economic environment which is affecting the automobile industry world wide. (Tue, 03 Feb 2009 09:23:07 GMT)

Pulaski plant closing to cost 140 jobs
DUBLIN—A manufacturer of automobile brake pads and linings will close its plant near Dublin, putting 140 people out of work. TMD Friction Group said in a news release it will close its Pulaski County factory by May 31 because of a massive decline in automotive industry sales worldwide. The company is in bankruptcy proceedings begun in December in a court in Cologne, Germany. TMD is based in ... (Tue, 03 Feb 2009 10:02:58 GMT)

Maruti Posts Highest Ever Sales In Jan; Hero Honda, TVS Sales Up
(RTTNews) - The automobile industry in India is still facing credit crunch, as most Indian banks and other lending institutions have tightened lending. The two stimulus packages announced by the Indian Government in December and January saw a mixed performance by car manufacturers in the country. (Tue, 03 Feb 2009 11:03:29 GMT)

Senate approves tax break for new car buyers
Proponents say plan aids the beleaguered automobile industry as well as creates new jobs. (Tue, 03 Feb 2009 20:46:20 GMT)

Series Washington DC news 2009-02-03
The U.S. Environmental Protection Agency and U.S. Department of Energy held a press conference in Washington, D.C. today at the Washington Auto Show declaring the importance of President Obama's directive to continually develop sustainable energy sources through alternative fuels for the transportation and automobile industry. (Wed, 04 Feb 2009 01:42:06 GMT)

Senate Approves Tax Credit for Many New Car Buyers
Angling to spur automobile sales as part of the economic stimulus package, the Senate voted to add an $11 billion tax break for car buyers until the end of 2009. (Wed, 04 Feb 2009 03:13:20 GMT)

Senate Adds Tax Break for Automobile Buyers to Stimulus Bill
Feb. 4 (Bloomberg) -- The U.S. Senate voted to give tax breaks to new car buyers while turning aside a bid to increase funding for infrastructure projects as lawmakers debated economic stimulus legislation sought by President Barack Obama. (Wed, 04 Feb 2009 05:01:05 GMT)

Taft Chevy, GM to be ‘here for many years'
Midway Driller Editor Taft Chevrolet Buick Pontiac has weathered the worst year in the history of the American automobile industry, and, like its parent company, General Motors, is planning to be around for a long, long time. “GM is not going anywhere,” said Devinder Singh Bains, general manager of Taft Chevrolet. “Taft Chevrolet is going to be here, too, to keep fighting through this crisis and ... (Wed, 04 Feb 2009 08:15:36 GMT)

Senate Adds Tax Break for Automobile Buyers to Stimulus Bill
An amendment added yesterday to the Senate’s draft of the plan aims to help the auto industry by temporarily allowing some buyers of new cars and light trucks to deduct sales taxes and interest payments on car loans from their tax bills. (Wed, 04 Feb 2009 12:04:12 GMT)

International Automobile Dealers Announce Monthly Sales
ALEXANDRIA, Va., February 4, 2009: The American International Automobile Dealers Association (AIADA) today released January 2009 sales figures for the international automobile industry. (Wed, 04 Feb 2009 19:40:39 GMT)

MEMA, OESA Working to Identify Credit Solutions for Parts Supplier Industry
As a result of the ongoing credit crisis and resulting reductions in automobile production, the Motor & Equipment Manufacturers Association (MEMA) and Original Equipment Suppliers Associations (OESA) are exploring options to address the immediate cash needs and longer term viability of the motor vehicle parts supplier industry. The associations have been in active communication with the U.S. ... (Thu, 05 Feb 2009 21:24:00 GMT)

Reynolds Announces Kansas Automobile Dealers Association (KADA) Endorsement of LAW(R) 553 Universal Retail Sale Contract
DAYTON, Ohio, Feb. 5, 2009 -- Reynolds and Reynolds announced today that the Kansas Automobile Dealers Association (KADA) is endorsing the Reynolds LAW(R) 553 Universal Retail Sale Contract to the new car dealerships that the association currently represents throughout the state of Kansas. (Thu, 05 Feb 2009 23:23:08 GMT)

MEMA, OESA Working to Identify Credit Solutions for Parts Supplier Industry
WASHINGTON, Feb. 5, 2009 /PRNewswire-USNewswire/ -- As a result of the ongoing credit crisis and resulting reductions in automobile production, the Motor & Equipment Manufacturers Association (MEMA) and Original Equipment Suppliers Associations (OESA) are exploring options to address the immediate cash needs and longer term viability of the motor vehicle parts supplier industry. (Thu, 05 Feb 2009 23:23:48 GMT)

"Automobiles to the Countryside" program to start in March
The nation's "Automobiles to the Countryside" subsidy program will be formally implemented on March 1. The program will stimulate automobile consumption of at least 1 million vehicles throughout the year, according to automobile industry analysts. Each vehicle sold in the countryside is expected to get a subsidy of 3,000 to 5,000 yuan. The Ministry of Industry and Information Technology (MIIT) ... (Fri, 06 Feb 2009 10:28:19 GMT)

German Steel Industry With Deepest Order Decline Since WWII
DUESSELDORF -(Dow Jones)- The German steel market suffered the deepest downturn since World War II in the fourth quarter of 2008, industry association Wirtschaftsvereinigung Stahl said Friday. (Fri, 06 Feb 2009 11:48:19 GMT)

Automobile manufacturers hesitant about investment plans
VietNamNet Bridge – Domestic automobile manufacturers have been wavering between pushing up investment or stopping investment amid unclear market prospects and policies. (Fri, 06 Feb 2009 12:04:09 GMT)

SPAIN: Auto industry desperate for aid
This article is locked. You need to be a Full Member of just-auto to view this article. Existing users, please login at the top of the page. Summary: Spain's automobile industry - facing a severe sales and manufacturing contraction - is demanding a new used car trade-in scheme to help it survive the country's worse recession in a decade. (Fri, 06 Feb 2009 12:30:44 GMT)

German data shows industry in 'ice age'
German industrial output fell much more than expected in December, economy ministry figures showed on Friday following orders data that pointed to prolonged decline well into 2009. (Fri, 06 Feb 2009 14:38:27 GMT)

FACTBOX-Aid packages for automobile industry
Feb 6 (Reuters) - Italy's cabinet approved a long-waited decree offering incentives on new car purchases to stimulate spending and revive the recession-bound economy, a government source said. (Fri, 06 Feb 2009 14:47:43 GMT)

Ford sees more failures among parts suppliers as industry grapples with downturn
NEW YORK - Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with an unprecedented downturn in automobile sales. (Fri, 06 Feb 2009 23:58:34 GMT)

Ford sees more failures among parts suppliers as industry grapples with downturn
NEW YORK - Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with (Sat, 07 Feb 2009 00:04:22 GMT)

Car industry wants State aid of R10bn
A senior economist has warned that if the money is not found, there could be severe job losses in the industry. (Sat, 07 Feb 2009 10:34:19 GMT)

Car industry wants State aid of R10bn
The South African auto industry has asked the government to help it with "at least" R10-billion in loans to tide it over during the coming months of economic crisis. (Sat, 07 Feb 2009 13:04:56 GMT)

Car industry wants State aid of R10bn
The South African auto industry has asked the government to help it with "at least" R10-billion in loans to tide it over during the coming months of economic crisis. (Sat, 07 Feb 2009 13:14:11 GMT)

A Hollywood Sequel for Michigan Workers
A new job program in Michigan is training people to work in the film industry, which is experiencing a huge growth spurt. (Sat, 07 Feb 2009 22:49:50 GMT)

Auto industry no longer in driver's seat in D.C.
Rep. John Dingell of Michigan walked onto a stage across from a "green car" exhibit last week at the Washington Auto Show and was honored as a "true champion of the automotive industry." (Sun, 08 Feb 2009 07:58:37 GMT)

A new Buick for a 40-year-old
If the American automobile industry is ever going to recover, Detroit is going to have to deliver the goods. (Sun, 08 Feb 2009 10:03:16 GMT)

The Economy: Automobile sales flat in January
THE LOCAL automotive industry sold roughly the same number of cars in seasonally low January compared to the same month last year, industry data show. (Sun, 08 Feb 2009 15:01:20 GMT)

Vehicle Suppliers Association, MEMA / OESA, Engages Ducker Worldwide as Advisor
TROY, Mich., February 8, 2009: As a result of the ongoing credit crisis and resulting reductions in automobile production, the Motor & Equipment Manufacturers Association (MEMA) and Original Equipment Suppliers Association (OESA) are exploring options to address the immediate cash needs and longer term viability of the motor vehicle parts supplier industry. (Sun, 08 Feb 2009 18:08:18 GMT)

Govt should help auto part makers weather the storm
A key challenge facing the Indian automobile industry is enabling component MSMEs to achieve competitiveness in the fast-changing scenario. (Sun, 08 Feb 2009 21:48:39 GMT)

Automakers shift into high gear
Automobile companies are shifting into high gear and driving into the revved up car market in China in a bid to escape the financial tsunami that has knocked the wind out of the sails of the industry. (Mon, 09 Feb 2009 01:37:04 GMT)

India's Jan car sales fall 3.2 pct - industry
NEW DELHI, Feb 9 (Reuters) - Car sales in India fell 3.2 percent in January to 110,212 units from a year earlier, an industry body said on Monday, the sixth drop in seven months with economic uncertainties and tight credit weighing on demand. (Mon, 09 Feb 2009 04:15:42 GMT)

(AFX UK Focus) 2009-02-09 04:30 India's Jan car sales fall 3.2 pct - industry
NEW DELHI, Feb 9 (Reuters) - Car sales in India fell 3.2 percent in January to 110,212 units from a year earlier, an industry body said on Monday, the sixth drop in seven months with economic uncertainties and tight credit weighing on demand. Sales of trucks and buses fell an annual 51 percent to 23,157 units, data from the Society of Indian Automobile Manufacturers showed. (Mon, 09 Feb 2009 04:33:01 GMT)

(AFX UK Focus) 2009-02-09 04:30 India's Jan car sales fall 3.2 pct - industry
NEW DELHI, Feb 9 (Reuters) - Car sales in India fell 3.2 percent in January to 110,212 units from a year earlier, an industry body said on Monday, the sixth drop in seven months with economic uncertainties and tight credit weighing on demand. Sales of trucks and buses fell an annual 51 percent to 23,157 units, data from the Society of Indian Automobile Manufacturers showed. (Mon, 09 Feb 2009 05:03:31 GMT)

South Africa: Motor Industry Says It Needs Billions
Johannesburg — BROADLY hinting at support, President Kgalema Motlanthe on Friday reassured the country's stricken sectors, believed to include the motor industry, that the government is prepared to come to their rescue. (Mon, 09 Feb 2009 06:44:16 GMT)

Ford sees more failures among parts suppliers
Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with an unprecedented downturn in automobile sales. (Mon, 09 Feb 2009 14:28:50 GMT)

Research and Markets: '2009 Worldwide Automobile Parts & Supplies Wholesales Report' Features 2009 Current and 2010 ...
DUBLIN, Ireland----Research and Markets has announced the addition of the "2009 Worldwide Automobile Parts & Supplies Wholesales Report" report to their offering. (Mon, 09 Feb 2009 14:58:00 GMT)

FACTBOX-Aid packages for automobile industry
Feb 9 (Reuters) - France is set to unveil details of a plan to support its ailing car industry later on Monday, as both Renault and PSA Peugeot Citroen are set to announce weak 2008 results later this week. (Mon, 09 Feb 2009 15:19:14 GMT)

Research and Markets: '2009 Worldwide Automobile Parts & Supplies Wholesales Report' Features 2009 Current and 2010 ...
DUBLIN, Ireland-- Research and Markets (http://www.researchandmarkets.co has announced the addition of the "2009 Worldwide Automobile Parts & Supplies Wholesales Report" report to their offering. (Mon, 09 Feb 2009 17:24:23 GMT)

Aid packages for automobile industry
France pledged support for its ailing car makers on Monday by promising loans of 3 billion euros (2.6 billion pounds) each for PSA Peugeot Citroen and Renault . (Mon, 09 Feb 2009 19:13:00 GMT)

(AFX UK Focus) 2009-02-09 19:13 FACTBOX-Aid packages for automobile industry
Feb 9 (Reuters) - France pledged support for its ailing car makers on Monday by promising loans of 3 billion euros ($3.89 billion) each for PSA Peugeot Citroen and Renault . Here are some details about recent aid packages for the shattered auto industry: (Mon, 09 Feb 2009 19:35:49 GMT)

Ford may shutter part of Claycomo plant by 2011, analyst says
An automotive industry analyst said Ford Motor Co. could be considering shuttering the automobile side of its Kansas City Assembly Plant in Claycomo by 2011. (F) (Tue, 10 Feb 2009 03:03:26 GMT)

Auto Industry Seeks Interest Rate Cut
(RTTNews) - The automobile industry is heading from bad to worse due to prevailing high interest rates. (Tue, 10 Feb 2009 07:33:38 GMT)

China auto sales overtake US in January
China's auto sales overtook the U.S. in January for the first time, the country's car industry association says. The China Association of Automobile Manufacturers reports 735,000 vehicles were sold in January, surpassing the 656,976 vehicles sold in the U.S. market. (Tue, 10 Feb 2009 09:07:04 GMT)

GM to cut 14% of global salaried workforce this year: Automaker also will trim executive pay by 10%
General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain. (Tue, 10 Feb 2009 10:09:00 EST)

Mini John Cooper Works convertible set for Geneva motor show:
Here's math we actually like: Mini. Plus John Cooper Works performance. Plus convertible. Put away the graphing calculators. The answer is an even better driving experience for enthusiasts. (Tue, 10 Feb 2009 11:07:00 EST)

BOE King To Meet UKTI's Davies On Car Industry Fin Next Week
LONDON -(Dow Jones)- Bank of England Governor Mervyn King and U.K. Minister for Trade and Investment Mervyn Davies will meet next week to discuss financing support for the U.K. car industry, a government spokesperson said Tuesday. (Tue, 10 Feb 2009 11:33:49 GMT)

Wolfgang Bernhard returns to Daimler:
Wolfgang Bernhard, the hard-driving executive who was forced out of Volkswagen and DaimlerChrysler, has rejoined Daimler to be the head of its Mercedes-Benz van group. He starts the job on April 1. (Tue, 10 Feb 2009 11:36:00 EST)

French Auto-Industry Aid Plan Problematic, Sweden’s Borg Says
Feb. 10 (Bloomberg) -- French aid to the auto industry came under fresh criticism as Sweden’s finance minister said a plan to provide loans at a preferred rate to France’s biggest carmakers likely will disrupt competition in the European Union. (Tue, 10 Feb 2009 12:23:13 GMT)

Chicago auto show: Subaru unveils special Travis Pastrana WRX STI:
In celebration of Travis Pastrana's third-consecutive Rally America National Championship title, Subaru commissioned a custom WRX STI for its factory team driver. Pastrana's new street car will debut at the Chicago auto show. (Tue, 10 Feb 2009 13:59:00 EST)

Chicago auto show: Ford Taurus SHO--the legend lives again:
Ford is taking the cover off what may be the ultimate stealth-mobile at the Chicago auto show: the understated 2010 Taurus SHO. (Tue, 10 Feb 2009 16:30:00 EST)

Brazil's automobile production shows January increase 10th February 2009
Newly-released figures which show automobile production is on the rise point to a recovery in the country's car industry. According to Anfavea, the national automakers' association, automobile production increased for the first time in six months during January. (Tue, 10 Feb 2009 16:31:11 GMT)

Nissan reveals factory-customized Cube Krom at Chicago auto show:
When the 2009 Cube arrives at dealers in May, Nissan will offer more than 40 accessories. (Tue, 10 Feb 2009 20:00:00 EST)

Heavy-duty Dodge Rams roll in for Chicago auto show reveal:
Chrysler completes the overhaul of its Dodge Ram pickup lineup by taking the wraps off the new 2010 heavy-duty 2500 and 3500 models at the Chicago auto show. (Tue, 10 Feb 2009 21:07:00 EST)

China automobile sales zoom past US
China has for the first time topped the US in automobile sales last month, as a series of industry and market support measures adopted by the government have begun to take effect. (Wed, 11 Feb 2009 01:17:26 GMT)

Auto Service Industry Sees Increase In Business
MADISON, Wis. -- As the auto industry is struggling to recover from the slowing economy, those who fix automobiles are seeing a huge increase in business. (Wed, 11 Feb 2009 02:08:20 GMT)

Kia brings new Forte compact sedan to Chicago auto show:
With the Spectra riding off into the sunset after 2009, Kia introduced its replacement, the 2010 Forte, at the Chicago auto show. (Wed, 11 Feb 2009 08:00:00 EST)

Renault Chief Begs EU for Extra Car Industry Cash
The CEO of Renault SA, Carlos Ghosn, suggested late Tuesday that the European Union should be prepared to quadruple loans for the car industry this year to EUR 15 B because of the economic slump, Bloomberg reported. (Wed, 11 Feb 2009 08:39:53 GMT)

Chinese auto industry's inventory drops to lowest level in 13 months
According to reports by the "China Securities Journal," effects of policies including the fuel tax reform and the purchase tax of low-displacement cars being cut by half began to show in January this year as the inventory of China's auto industry dropped to its lowest level in 13 months. Among which inventory of passenger vehicles dropped by over 80,000 units compared with the previous month. ... (Wed, 11 Feb 2009 08:58:07 GMT)

Saab to debut small 9-3X crossover at Geneva motor show:
At next month's Geneva motor show, Saab looks to provide a right-sized crossover with the introduction of the 2010 9-3X. (Wed, 11 Feb 2009 11:28:00 EST)

ACEA wants EU to step up aid for car manufacturers
The European automobile industry’s trade association (ACEA) has urged the European Union to intensify and coordinate efforts to restore the functioning of the financial market. (Wed, 11 Feb 2009 11:35:39 GMT)

Hyundai Genesis Coupe R-Spec races in to the Chicago auto show:
If there were any doubts about the 2010 Genesis coupe being the new leader in performance value, Hyundai is erasing those with the introduction of the R-Spec trim. (Wed, 11 Feb 2009 12:00:00 EST)

Hyundai taps Rhys Millen Racing to head motorsports programs:
When we saw Rhys Millen during a shakedown run of his Genesis coupe SEMA car last fall, he was without factory backing for the 2009 race season. (Wed, 11 Feb 2009 12:02:00 EST)

New V6 model joins Acura TSX range at Chicago auto show:
It used to be that you could have any engine in your Acura TSX as long as it was a 2.4-liter four-cylinder. At least that was the case until the debut of the TSX V6 at the Chicago auto show. (Wed, 11 Feb 2009 16:00:00 EST)

Chicago auto show: Lexus grows its F-Sport Performance line:
Last spring, Lexus launched its F-Sport Performance Accessory line on the IS 350 and IS 250. On Wednesday it announced the addition of parts in support of the GS, IS 250 all-wheel-drive and new IS C convertible models at the Chicago auto show. (Wed, 11 Feb 2009 16:54:00 EST)

Updated 2010 Toyota Tundra bows at Chicago auto show:
Toyota uncovered a freshened 2010 Tundra on Wednesday at the Chicago auto show. Among the improvements are a new Platinum package, updated appearance and new 4.6-liter V8 engine option. (Wed, 11 Feb 2009 16:56:00 EST)

Nissan previews Qazana small crossover concept ahead of Geneva show debut:
A teaser image of the Nissan Qazana concept, which makes its world debut at the Geneva motor show, was released on Wednesday. (Wed, 11 Feb 2009 17:24:00 EST)

Limited-edition Maybach Zeppelin set for Geneva motor show reveal:
For Maybach's latest limited edition, the ultra-luxury carmaker revives another nameplate from its past. (Wed, 11 Feb 2009 17:25:00 EST)

Ford says industry sales stabilizing
An executive at Ford Motor Co. said the nation's automobile industry is beginning to stabilize, after months of freefalling sales which have threatened the viability of some of the sector's biggest players. (Wed, 11 Feb 2009 18:18:42 GMT)

Ford, GM execs see auto industry sales stabilizing
Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players. Jim Farley, Ford Motor Co.'s global... (Wed, 11 Feb 2009 18:42:57 GMT)

Ford Says Auto Industry Sales Stabilizing
Automaker?s global marketing chief said Wednesday that the nation's automobile industry is beginning to stabilize after months of freefalling sales. (Wed, 11 Feb 2009 20:07:33 GMT)

Ford, GM execs see auto industry sales stabilizing
Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players. (Wed, 11 Feb 2009 21:53:37 GMT)

Corvette Stingray concept revealed at Chicago auto show:
The Corvette Stingray is back for an encore performance, but unfortunately for enthusiasts it's only in the movies. (Wed, 11 Feb 2009 21:59:00 EST)

Ford, GM execs see auto industry sales stabilizing
Auto industry executives are seeing signs that the U.S. automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players. (Wed, 11 Feb 2009 21:59:39 GMT)

Ford, GM execs see auto industry sales stabilizing
Chicago » Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players. (Thu, 12 Feb 2009 02:19:27 GMT)

Auto industry is showing signs of stability after a free fall
CHICAGO • Auto industry executives are seeing signs that the nation's automobile industry has begun to stabilize after months of free-falling sales that have threatened the viability of some of the sector's biggest players. (Thu, 12 Feb 2009 02:36:05 GMT)

Auto industry starting to stabilize, executives say
CHICAGO | Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales. (Thu, 12 Feb 2009 04:47:07 GMT)

THE UK CORNER: MIDEM continues to be the Mecca for the music industry.
*The 43rd Music industry tradeshow, MIDEM, was no less an event for the diary than the first. The world renown event saw 8000 music professionals representing from over 80 countries descend on the Palais des Festivals in Cannes taking every plane, train or automobile seat going. (Thu, 12 Feb 2009 08:08:09 GMT)

Nissan ads stray from focus on price:
Nissan North America will stray from the discount-deal marketing pitch adopted late last year when a sinking economy kept consumers away from U.S. dealerships. (Thu, 12 Feb 2009 09:03:00 EST)

Porsche Panamera cockpit exposed prior to auto show debut:
Porsche continued its slow striptease reveal of the Panamera sedan on Thursday with the release of photos of the interior. (Thu, 12 Feb 2009 09:41:00 EST)

Volkswagen teases with sketch of new sedan for Tennessee factory:
Volkswagen AG on Thursday released a sketch of the mid-sized sedan that will be built at VW's factory now under construction in Chattanooga, Tenn. (Thu, 12 Feb 2009 11:28:00 EST)

Congress scales back tax break for car buyers:
A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. (Thu, 12 Feb 2009 13:33:00 EST)

Tesla teases Model S prior to debut:
Prior to its world debut on March 26, Tesla has decided to whet the appetites of green-car fans by releasing a teaser image of its upcoming Model S sedan. (Thu, 12 Feb 2009 14:15:00 EST)

Faster Gumpert Apollo model to debut in Geneva:
They may not be lookers, but there is no denying the performance credentials of Roland Gumpert's Apollo sports cars. (Thu, 12 Feb 2009 14:21:00 EST)

Sources: GM in talks with two potential buyers of Hummer:
General Motors is in talks with two potential buyers of its Hummer brand as the automaker continues to sell assets to raise cash, said two sources familiar with the matter. (Thu, 12 Feb 2009 16:33:00 EST)

BMW Art Cars back on parade:
They won't be racing but BMW's famous Art Cars will be back on display. The Los Angeles County Museum of Art will feature four of BMW's 16 art cars until Feb. 24. (Thu, 12 Feb 2009 20:13:00 EST)

Ford, GM execs see auto industry sales stabilizing
Auto industry executives are seeing signs that the nation's automobile industry is beginning to stabilize, after months of free-falling sales that have threatened the viability of some of the sector's biggest players. (Thu, 12 Feb 2009 20:13:53 GMT)

Chrysler, Nissan postpone plans to share two vehicles:
Chrysler LLC and Nissan Motor Co. have postponed plans to share a North American-built small car and a full-sized pickup until they can reduce costs. (Fri, 13 Feb 2009 09:11:00 EST)

BMW 5-series GT: Don't call this concept an MPV:
BMW's desire to compete in every conceivable luxury-market niche has moved up a gear with the unveiling of the 5-series GT, a car known until now by its working title, the Progressive Activity Sedan (PAS). (Fri, 13 Feb 2009 09:25:00 EST)

SUMMARY: Oil industry promised little, much demanded
MOSCOW. Feb 13 (Interfax) - Many industry watchers were billing the conference on the Russian oil industry's difficulties that took place in Kirishi on February 12 as the moment of truth. (Fri, 13 Feb 2009 10:30:40 GMT)

BMW promises (even) more details on 7-series, Mini convertible soon:
The BMW Group is promising us "detailed information" next week on the fifth-generation 7-series and the Mini convertible. (Fri, 13 Feb 2009 15:01:00 EST)

Chicago Auto Show: Gut reactions from the floor:
This is a bit of a delayed Gut Reaction to the Chicago auto show. (Fri, 13 Feb 2009 17:20:00 EST)

Spain Government Approves EUR4 Billion Aid Package For Automobile Sector
MADRID -(Dow Jones)- The Spanish government Friday approved a EUR4 billion aid package to prop up its ailing automobile industry. (Fri, 13 Feb 2009 17:34:50 GMT)

Ford says industry sales stabilizing
CHICAGO - An executive at Ford Motor Co. said the nation's automobile industry is beginning to stabilize, after months of freefalling sales which have threatened the viability of some of the sector's biggest players. (Sat, 14 Feb 2009 07:49:22 GMT)

Wading through tough times
Scores of manufacturers in northern Michigan are trying to navigate stormy economic waters, especially those with ties to the state's slumping automobile industry. (Sun, 15 Feb 2009 00:35:09 GMT)

Mobile phone industry gears up for Barca gathering
The mobile phone industry recently reached the milestone of its four billionth connection worldwide, but the cold winds of economic crisis will chill celebrations at the sector's biggest annual gathering this week. (Sun, 15 Feb 2009 03:58:20 GMT)

'Huge scope for Canadian investment in the country'
Commerce and Industry minister Kamal Nath said on Sunday that Canadian companies have extensive opportunity in India for joint ventures and investments in sectors such as infrastructure, automobile, power generation, petroleum, mining and environment. (Sun, 15 Feb 2009 14:05:40 GMT)

India-Canada Bilateral Trade; Huge Potential For Joint Ventures, Investments In India - Kamal Nath
(RTTNews) - The Indian Minister of Commerce and Industry, Kamal Nath, during his bilateral meeting with the Canadian Minister of Industry, Tony Clement, hinted that there are enormous scope in India for joint ventures/investments by Canadian companies in sectors, such as infrastructure, automobile, power generation, petroleum, mining, environment, etc. (Mon, 16 Feb 2009 06:04:58 GMT)

REGION: Serious DUI crashes up among young female drivers, study shows
After a string of high-profile arrests of Hollywood starlets suspected of driving under the influence, a researcher with the Automobile Club of Southern California began to wonder whether the young women reflected a trend that reached beyond the entertainment industry. (Mon, 16 Feb 2009 08:45:54 GMT)

MCOT Public Company Limited.2008
BANGKOK, Feb 16 (TNA) - As Thailand's automobile production and sales are expected to retreat sharply this year due to the global economic slump, four domestic auto and parts institutions on Monday sought government assistance from Industry Minister Charnchai Chairungrueng. (Mon, 16 Feb 2009 10:39:34 GMT)

Research and Markets: Global Property & Casualty Insurance Carriers Industry Report for 2009
DUBLIN, Ireland----Research and Markets has announced the addition of the "2009 Worldwide Property & Casualty Insurance Carriers Industry Report" report to their offering. (Mon, 16 Feb 2009 10:44:00 GMT)

Auto industry not happy with Interim Budget
Dilip Chenoy, Director General, Society of Indian Automobile Manufacturers (SIAM) “If you look at it from the point of view of an Interim Budget and what was expected, then perhaps it is not meeting the expectations that were created in the minds of people in the corporate sector and also in a lot of sectoral groupings, because the expectation was that the Interim Budget could be used to ... (Mon, 16 Feb 2009 13:02:14 GMT)

Russia's Industrial Output Falls More Than Expected In January
(RTTNews) - Russia's industrial output fell more than expected in January as production in the automobile industry fell due to waning demand. Monday, the Federal Statistics Service said industrial production plummeted 16% year-on-year in January. The decline was more than the expected fall of 12%. (Mon, 16 Feb 2009 14:01:41 GMT)

Dilip Chenoy, Director General, Society of Indian Automobile Manufacturers (SIAM)
“If you look at it from the point of view of an Interim Budget and what was expected, then perhaps it is not meeting the expectations that were created in the minds of people in the corporate sector and also in a lot of sectoral groupings, because the expectation was that the Interim Budget could be used to announce a series of measures that will further act as a fillip to the economy. (Mon, 16 Feb 2009 14:48:58 GMT)

Mobile industry highlights positives amid gloom
Mobile industry executives at the sector's biggest annual fair are under no illusion as to how tough this year will be, with even the world's largest operator, China Mobile, feeling the impact. (Mon, 16 Feb 2009 19:03:55 GMT)

Malaysian petrochemicals industry rethinks expansion plans
Until recently, the Malaysian government was touting the country's petrochemicals industry as a leading driver of future economic growth. Now, facing collapsed demand for its products, the industry is shuttering plants and pulling back from planned expansion projects. (Tue, 17 Feb 2009 01:26:29 GMT)

Chinese SUV maker denies reports it may buy Hummer
Sichuan Automobile Industry Group, a small SUV maker in central China, denied a report Tuesday that it is in talks to buy GM's Hummer line, in the latest wave of speculation over potential global brand acquisitions by Chinese automakers. (Tue, 17 Feb 2009 07:23:00 GMT)

Auto-sales decline one of state's worst ever
The state's automobile industry suffered one of its worst sales declines in history in 2008, according to new data from the Colorado Automobile Dealers Association. (Tue, 17 Feb 2009 07:48:55 GMT)

Thailand Outlook Channel
In order to sustain the automobile business, the Industry Minister is planning to propose tax privileges for the industry to the economic Cabinet meeting next week. (Tue, 17 Feb 2009 09:49:58 GMT)

Fiat 500C drops cover (and top) for Geneva show:
To keep in step with Mini, Fiat will launch a convertible version of the 500 at the Geneva motor show. The 500C comes a couple months after Mini showed its own new convertible at the Detroit auto show. (Tue, 17 Feb 2009 10:13:00 EST)

Mobile phone industry highlights positives amid gloom
Mobile industry execs pledged to adapt to the changing environment which has forced consumers to cut back on new handsets and long term tariffs. (Tue, 17 Feb 2009 10:20:23 GMT)

Research and Markets: Indian Exciting Steel Industry Outlook to 2012
DUBLIN, Ireland----Research and Markets has announced the addition of the "Indian Steel Industry Outlook to 2012" report to their offering. (Tue, 17 Feb 2009 12:08:00 GMT)

Audi to show rugged A4 allroad in Geneva :
While Audi's A6 allroad quattro didn't resonate in North America and ultimately was discontinued after the 2005 model year, it did enjoy mild popularity in Europe and continues to be sold there. (Tue, 17 Feb 2009 12:13:00 EST)

Citroën DS model to be revealed at Geneva:
Along with a fresh three-dimensional company logo, Citroën will reveal the first model in its revived DS (for "different spirit") range at the Geneva motor show next month. (Tue, 17 Feb 2009 12:14:00 EST)

Mercedes-Benz replaces CLK with E-class coupe :
After a 12-year run and more than 460,000 sales across two generations, Mercedes-Benz has replaced the CLK with the 2010 E-class coupe. (Tue, 17 Feb 2009 12:15:00 EST)

New Mazda 3 has base price of $15,715:
When the second-generation Mazda 3 hits dealerships in the spring, it will wear a base price of $15,715 (including $670 destination), which represents a $355 increase over its predecessor. Entry-level "i" models remain powered by a 2. (Tue, 17 Feb 2009 13:48:00 EST)

Chinese SUV maker denies reports it may buy Hummer
SHANGHAI, China  - Chinese SUV maker Sichuan Automobile Industry Group is denying a report that it's in talks to buy the Hummer line of SUVs from General Motors Corp. (Tue, 17 Feb 2009 13:49:02 GMT)

Chinese Automaker Not Interested In Hummer
Sichuan Automobile Industry Group denied a report it is in talks to buy the GM brand, the latest in a wave of speculation over global brand acquisitions by Chinese automakers. (Tue, 17 Feb 2009 14:40:12 GMT)

Tough times for gem/diamond industry
More than 100,000 of the 700,000 workers employed in the gems and diamond industry would lose their jobs this year as global demand had dropped around 30 per cent since the financial crisis began in the last quarter of last year. (Tue, 17 Feb 2009 14:56:22 GMT)

Rinspeed releases more details on iChange for Geneva:
Rinspeed’s chameleon-like contraption, the iChange, does a good job of pushing the boundaries of conventional car wisdom. It’s intriguing--to say the least, and now we’re getting more details in advance of its reveal at the Geneva motor show. (Tue, 17 Feb 2009 16:19:00 EST)

Chrysler says it needs another $2 billion in aid:
In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. (Tue, 17 Feb 2009 21:29:00 EST)

GM seeks $16 billion more in U.S. help:
GM asked the federal government on Tuesday for as much as $16.6 billion in additional federal aid to help it survive. Without the new funding, the automaker could run out of money sometime in March. (Tue, 17 Feb 2009 21:34:00 EST)

Detroit, Prepare For Big Changes
Only one thing lies at the end of the pothole-strewn road for America's automobile industry: smaller companies making fewer cars with fewer workers and dealers. (Wed, 18 Feb 2009 05:00:00 GMT)

TOM WALSH: Obama must control auto circus
As the price tag for propping up Detroit's desperate automobile industry approaches $40 billion, President Barack Obama and his new task force commanders must seize control quickly of the circus of warring factions in Detroit. Otherwise, taxpayers could be watching a cataclysmic corporate wreck in agonizing slow motion. (Wed, 18 Feb 2009 08:30:54 GMT)

TOM WALSH: Obama must control circus
As the price tag for propping up Detroit's desperate automobile industry approaches $40 billion, President Barack Obama and his new task force commanders must seize control quickly of the circus of warring factions in Detroit. (Wed, 18 Feb 2009 08:41:44 GMT)

China's auto sector may outperform India's in 2009: Merrill
The automobile industry in China is poised to perform better than that of India in 2009, as the country's recent state-sponsored measures to boost demand is expected to benefit its sector there, said Merrill Lynch in its report on Asia's auto sector. (Wed, 18 Feb 2009 09:27:05 GMT)

Mobile phone industry highlights positives amid gloom
Mobile industry execs pledged to adapt to the changing environment which has forced consumers to cut back on new handsets and long term tariffs. (Wed, 18 Feb 2009 09:49:24 GMT)

Sichuan denies bid for Hummer :Chinese SUV maker says rumor must be joke.
SHANGHAI -- Sichuan Automobile Industry Group, a small SUV maker in central China, denied a report Tuesday that it is in talks to buy GM's Hummer line, in the latest wave of speculation over potential global brand acquisitions by Chinese automakers. (Wed, 18 Feb 2009 12:06:11 GMT)

GM, Chrysler give a peek into product future:
Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government. (Wed, 18 Feb 2009 13:28:00 EST)

Chrysler reveals names of next Alfa Romeo cars:
Alfa Romeo's next two cars will be called the Milano and Giulia. (Wed, 18 Feb 2009 13:51:00 EST)

Chinese automaker denies buying GM's Hummer
CHENGDU -- A Chinese automaker, the Sichuan Automobile Industry Group, denied Wednesday it was planning to buy General Motors' Hummer-brand sports utility vehicle unit. (Wed, 18 Feb 2009 14:17:39 GMT)

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