VIDEO
 | |||
|
| |||
More Stories
Ford cutting shift at Chicago assembly plant
Ford Motor Co. will cut one of two production shifts in November at the Chicago plant where it builds the Taurus and other vehicles, affecting part-time workers first, a spokeswoman said today. Ford's sales of larger vehicles have declined along with the rest of the U.S. auto sector, and it will cut production to align with reduced demand, spokeswoman Angie Kozleski said. [REG] 11:15 am U.S. ET | Sept. 5
Toyota sees bounce with new launches in EuropeToyota believes a wealth of new vehicles hitting the market next year will restore its market share in Europe, the head of Toyota Motor Europe said on Thursday. "Meeting 2007 sales (this year) will be challenging," Tadashi Arashima told a news conference to announce an 80 million euro ($116.1 million) expansion of its research and development center outside Brussels. [REG] 3:00 am U.S. ET | Sept. 5 |
Strike ends at Renault, Nissan factory in Brazil
Workers at a Renault SA and Nissan Motor Co. plant in southern Brazil ended a four-day strike on Friday after winning a salary increase. But about 4,500 workers at a Volkswagen AG factory in the same state voted to extend a strike now in its fifth day after the German automaker failed to present a new wage offer, the local metalworkers union said. [REG] 2:00 pm U.S. ET | Sept. 5
Ford may give Lincoln a compactFord Motor Co. is considering a compact, or C-segment, vehicle for its Lincoln luxury brand, product development chief Derrick Kuzak told Automotive News today. “We do think that there is room for a smaller car in the Lincoln brand,” Kuzak, group vice president for global product development, said at a press event here. He would not discuss specifics. [REG] 12:30 pm U.S. ET | Sept. 4 |
GM plans to show production Volt this monthGeneral Motors plans to show a production model of its Chevrolet Volt extended-range electric vehicle as part of the automaker's upcoming 100-year anniversary celebration this month. The automaker, which formally celebrates the 100th anniversary Sept. 16, so far has shown only concept versions of the Volt. [REG] 1:12 pm U.S. ET | Sept. 4 |
Honda's Insight returns as new Prius fighterThe Honda Insight is back, this time with room for three more passengers. Honda Motor Co. has revived the model name for the long-awaited dedicated hybrid vehicle tasked with taking on the Toyota Prius. And like its rival, the Insight will be a five-door, five-passenger hatchback. A concept version of the new Insight will debut at the Paris auto show next month, Honda announced today. [REG] 9:14 am U.S. ET | Sept. 4 | UPDATED: 9/4/08 10:55 a.m. EDT |
Ford finds buyouts are a tough sellFord Motor Co. is finding it harder to get eligible employees to accept buyouts to retire or quit. Compared with earlier rounds of buyouts, Ford hasn't changed the terms, but it has given eligible employees more time to decide, said Joe Hinrichs, Ford group vice president of global manufacturing and labor affairs. [SUB] 3:38 pm U.S. ET | Sept. 4 |
Ford launches Flex ad campaignFord Motor Co. and its advertising agency, Team Detroit, launched a multimedia advertising campaign this week for the Ford Flex crossover. The campaign includes TV spots and product placement on late-night TV, as well as new applications for the iPhone, Xbox, Dish, Yahoo and the first electronic magazine cover. [REG] 4:07 pm U.S. ET | Sept. 4 |
Black Book expands used-car price data
The Black Book guide to wholesale used-vehicle prices is preparing to offer daily values of cars and trucks from the current model year. The online feature, called “First Value,” is scheduled to start in mid-September. Black Book generally bases its used-vehicle values on auction data. But it will base “First Value” prices on market trends. [REG] 3:41 pm U.S. ET | Sept. 4
TRW exec: 'It is possible to succeed in this environment'
Tougher worldwide regulations for fuel economy, emissions and safety are a boon for the battered supplier community, even if they are an expensive headache for the automakers. “It is possible to succeed in this environment,” said Joseph Cantie, CFO of TRW Automotive Holdings Corp. Cantie spoke in New York today at the Credit Suisse Global Automotive Conference. [REG] 11:28 am U.S. ET | Sept. 4
Mazda to unveil city car concept in ParisMazda will unveil a concept at the Paris auto show that gives clues for the Japanese carmaker's new city car. Called the Kiyora, the concept has bold, futuristic styling. It previews a car smaller than the Mazda2 minicar. Neil Warrior, spokesman for Mazda Europe, said: “This is a first look at our sub B segment concept. It is a small city car.” [REG] 8:53 am U.S. ET | Sept. 4 |
Hyundai will unveil i20 in ParisHyundai will unveil its new i20 small car as well as a number of fuel efficient technologies at the Paris auto show early next month. The five-door i20 hatchback will replace the Korean automaker's six-year-old Getz when it goes on sale in European markets in December. It will be built in India. [REG] 4:40 am U.S. ET | Sept. 4 |
York: Detroit 3 must get 'green' and flexibleThe only way for the Detroit 3 to regain substantial profitability is to become more “green” and to build more flexible factories, says Jerry York, auto industry gadfly. York, 70, is CEO of private investment firm Harwinton Capital LLC. He's better known as an adviser to billionaire investor Kirk Kerkorian, and as a former CFO of then-Chrysler Corp. [REG] 12:01 am U.S. ET | Sept. 4 |
Delphi faces counterclaims from investors
Hedge fund Appaloosa Management and other investors that pulled out of a deal to invest $2.55 billion into Delphi Corp. have asked the auto-parts supplier to pay them an $82.5 million fee plus expenses, the Wall Street Journal said citing court papers. [REG] 1:30 am U.S. ET | Sept. 4
Hayes posts narrower loss, hikes outlook
Hayes Lemmerz International Inc. today reported a second-quarter net loss of $47.0 million compared with a net loss of $87.1 million during the same quarter last year. [REG] 8:45 am U.S. ET | Sept. 4 | UPDATED: 9/4/08 12:44 a.m. EDT
Toyota, Honda and Detroit 3 post declines; Nissan risesAugust was another tough month in the United States for Toyota Motor Corp. and the Detroit 3, while Nissan Motor Co. posted a solid gain. Altogether, the industry sold 1.25 million vehicles in the month, down 15.5 percent from August 2007. For the year to date, sales are down 11.2 percent to 9.8 million vehicles sold. ALL MANUFACTURERS HAVE REPORTED [REG] 12:46 pm U.S. ET | Sept. 3 | UPDATED: 9/3/08 4:34 p.m. EDT |
GM: Lower gas prices help truck salesGeneral Motors' employee pricing program helped the automaker sell more vehicles in August than in any month of 2008. But sales still were 20.3 percent below the level of August 2007. GM sold 307,285 cars and light trucks in August, up 31.3 percent from July. Trucks and SUVs delivered a big surprise for GM. [REG] 9:15 am U.S. ET | Sept. 3 | UPDATED: 9/3/08 5:11 p.m. EDT |
Have auto sales finally hit bottom?
The summer of 2008 with its monthly dose of double-digit U.S. sales declines is over. But will autumn be any better? Maybe. There are small indications here and there that sales of big trucks and SUVs may be bottoming out. Heavy incentives on pickups and SUVs, combined with gasoline prices that are down about 40 cents a gallon from the July peak, may help the Detroit 3 and Toyota Motor Corp. [REG] 4:38 pm U.S. ET | Sept. 3
REPUBLICAN CONVENTION
Ford brass: Loans make 'winning' possible
Ford Motor Co. today boosted the industry's effort to build political support for direct low-interest federal loans to automakers and suppliers. Mark Fields, Ford's president of the Americas, and Joe Hinrichs, group vice president of global manufacturing, were among Ford executives making the rounds at the Republican National Convention here. [REG] 11:22 am U.S. ET | Sept. 3
|
