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Main > Car Makers News > GM > Obama hails recovery efforts in visit to GM plant | detnews.com | The Detroit News -- President Barack Obama visited a General Motors Co. automobile assembly plant Tuesday hard hit by the industry downturn and hailed economic recovery efforts that will put more than 1,000 workers here back on the job next month. In his first visit to an automobile plant since the November election and since General Motors Co. and Chrysler Group LLC emerged from bankruptcy court, Obama said "automakers are getting back in the game," and defended the government's $50 billion investment, and ownership... Full article... Article added: 2009-09-16 06:54:36 Article Views Rating: 89 Main > Car Makers News > Other > Tougher market expected for U.S. in Europe | detnews.com | The Detroit News -- Detroit's automakers are occupying less space at this year's Frankfurt Motor Show, and in the European auto market, after shedding brands and assets to get through a global industry downturn that hit them especially hard. General Motors Co. will essentially be fielding one brand in Europe -- Chevrolet -- once it completes the sale of its two European brands, Saab of Sweden and Germany's Adam Opel GmbH, which GM has owned since 1929. Ford Motor Co. is more successful in the region, but it also will be... Full article... Article added: 2009-09-16 06:54:35 Article Views Rating: 80 Main > Car Makers News > Other > New fuel standard rolls in at 34.1 mpg | detnews.com | The Detroit News -- The Obama administration's proposed standards for fuel efficiency and tailpipe emissions will raise vehicle price tags by more than $1,000, depress sales by 58,000 and cost more than 5,000 auto industry jobs in 2012, a government analysis said Tuesday. But the plan, which sets fuel efficiency standards fleetwide at 34.1 miles per gallon by 2016 and establishes federal tailpipe emission limits for the first time, also has compelling benefits, the administration said. They include a 950 million metric... Full article... Article added: 2009-09-16 06:54:33 Article Views Rating: 58 Main > Car Makers News > Other > VW showcases range of new models in Frankfurt | detnews.com | The Detroit News -- In a scene reminiscent of General Motors in its happier days, Volkswagen AG rented out a big hall here to display a slew of new models. They ranged from humble Volkswagens to roaring roadsters, in the most extravagant soiree of the Frankfurt Motor Show. The variety of cars on display "demonstrate that we have not only the widest range of brands but the best, and something for every customer," said Volkswagen Chief Executive Martin Winterkorn. Among the new models was an ultra-clean VW-brand electric... Full article... Article added: 2009-09-15 04:26:15 Article Views Rating: 76 Main > Car Makers News > Other > Autos ready to shine anew | detnews.com | The Detroit News Last fall, as auto executives gathered for Europe's biggest car show, the industry teetered on the precipice of the worst downturn in 30 years. This week, executives from a recomposed auto industry convene in Frankfurt in a cautiously optimistic mood: "The worst is behind us," said Christoph Strmer, an analyst at forecasting firm IHS Global Insight. Now, he said, "the feeling is, we've passed it, we've survived it, we're still in business." Still, industry executives and analysts remain apprehensive... Full article... Article added: 2009-09-15 04:26:12 Article Views Rating: 80 Main > Car Makers News > Chrysler > Chrysler delays return of second shift at Illinois plant | detnews.com | The Detroit News Chrysler Group LLC is delaying the return of the second shift of workers at its Belvidere, Ill., plant by more than a month. "Continued stresses on the automotive supplier base," is the explanation the automaker gave Monday in announcing the 850 affected workers will be recalled in mid-November. The original plan was to increase production starting Oct. 5, adding 10,000 Dodge Caliber compact vehicles to help replenish supplies after the fuel-efficient hatchback proved popular during the "cash for... Full article... Article added: 2009-09-15 04:26:10 Article Views Rating: 79 Main > Car Makers News > Other > Delphi salaried retirees sue to block pension takeover | detnews.com | The Detroit News -- A group of Delphi Corp. salaried retirees filed suit Monday against the Pension Benefit Guaranty Corp., the government's pension insurer. The 14-page suit, filed in U.S. District Court in Detroit, warns that many salaried retirees will lose a substantial portion of their pensions after the Troy-based auto suppliers terminated its hourly and salaried pension plans and turned them over to the PBGC. Last month, Delphi signed over its pension plans to PBGC, which cleared the way for an immediate takeover... Full article... Article added: 2009-09-15 04:26:09 Article Views Rating: 65 Main > Car Makers News > Volvo > Geely Is Serious about Volvo Selling a big auto manufacturing company is not easy and quick. It has been almost a year since the American automakers announced that they would like to give up certain brands. Some deals are already over, but the others have not found good buyers so far. A Chinese company Geely Automobile has joined the bidders that want to purchase Volvo Car from Ford. While making this bold step the Asian manufacturer has admitted that it would not be able to complete the deal without help. The chief-executive of... Full article... Article added: 2009-09-14 04:08:51 Article Views Rating: 97 Main > Car Makers News > Other > Behemoths to the fore in Frankfurt as sales window threatens to shut | detnews.com | The Detroit News -- It will be like going to one of Frank Sinatra's final performances for visitors to the Frankfurt Car Show. They will come away saying we might never see the likes of that again. Children and grandchildren will one day hear barely believable tales of long extinct, gas guzzling 150 mph beasts like Rolls-Royces, Bentleys, Ferraris, Aston Martins, Jaguars and Porsches which were on show at the 2009 Frankfurt Car Show. Anybody could buy them, as long as they had the money. The global car industry is on... Full article... Article added: 2009-09-14 04:08:50 Article Views Rating: 80 Main > Car Makers News > Other > Automakers, banks, must disclose 'luxury' expense policy | detnews.com | The Detroit News -- In an effort to put a halt to the $1,400 trash can and the $50 million jet, corporate bailout recipients must disclose by Monday policies limiting "luxury expenditures." In June, the Treasury Department imposed a number of restrictions on automakers and financial institutions that received government loans under the $700 billion Troubled Asset Relief Program. The requirement came after Congress said companies that received TARP funds, including Chrysler Group LLC, GMAC Inc., Chrysler Financial LLC... Full article... Article added: 2009-09-14 04:08:45 Article Views Rating: 61 |
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