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Main > Car Makers News > Other > 2009 Frankfurt Auto Show The 2009 Frankfurt Auto Show is going to be the largest one this year. It is opening tomorrow, on September, 15. This is not only the major German exhibition, but the largest one worldwide, so all automakers are working for the best presentations at the show. It is obvious than all German manufacturers will present their best models there. Some great debuts will take place tomorrow: the production versions of Audi R8 convertible, BMW 5 Series Gran Turismo, BMW X1, Mercedes-Benz SLS AMG and Mini... Full article... Article added: 2009-09-15 04:26:21 Article Views Rating: 55 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: 55 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: 59 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: 52 Main > Car Makers News > Other > American Axle's stock is on the rise | detnews.com | The Detroit News American Axle & Manufacturing Holdings Inc., a supplier of axles for General Motors Co. light trucks, rose to its highest mark since September 2008 after a Barclays Capital analyst raised his rating on the shares. Financial results will beat analysts' estimates as early as this quarter as full-size pickup sales recover after the government's "cash for clunkers" incentive program, Barclays Brian Johnson in Chicago said in a report Friday. He boosted his rating to overweight/neutral from equal... Full article... Article added: 2009-09-14 04:08:49 Article Views Rating: 48 Main > Car Makers News > Ford > Ford alters stock option to protect tax benefits | detnews.com | The Detroit News Ford Motor Co. on Friday announced new steps aimed at protecting $19 billion in company tax benefits. U.S. tax laws allow companies to defer the tax benefits of operating losses, capital losses and tax credits to offset future profits. However, those benefits go away if there is a substantial change in a company's ownership. The move does not affect most shareholders. The rules were established to keep profitable companies from buying out unprofitable firms solely to take advantage of their tax... Full article... Article added: 2009-09-14 04:08:48 Article Views Rating: 43 Main > Car Makers News > Other > Car dealers fight slow sales after end of Clunkers | detnews.com | The Detroit News -- As Gene Butman Ford opened its doors Saturday, salesmen outnumbered the shoppers looking at a depleted stock of cars and trucks, and it didn't appear that many customers were ready to buy. Like many dealers across the country, the dealership in Ypsilanti Township is suffering from a Cash for Clunkers hangover, and Sales Manager Paul Grahl isn't sure when it will end. "We're getting some traffic, but my business is a long way from healthy," said the longtime salesman. "We suspect it's going to be 90... Full article... Article added: 2009-09-14 04:08:42 Article Views Rating: 44 Main > Car Makers News > Ford > Ford endorses bill to ban hand-held text messaging while driving | detnews.com | The Detroit News -- Ford Motor Co. endorsed a bill in Congress Thursday to ban hand-held text messaging while driving. A Senate version, sponsored by Charles Schumer, D-N.Y., would withhold highway funding to states that didn't adopt a ban. Peter Lawson, Ford's vice president for government relations, said in an interview the Dearborn automaker was endorsing the Schumer bill that he called a "common-sense measure." The bill would not prohibit people from using Ford's Sync system or other systems to send hands-free... Full article... Article added: 2009-09-11 05:05:10 Article Views Rating: 60 Main > Car Makers News > Other > Wixom plant will get new life as renewable energy park | detnews.com | The Detroit News -- Two out-of-state renewable energy firms have selected Ford's shuttered Wixom plant for an ambitious $725 million redevelopment project, creating what officials are calling the nation's largest renewable energy park, company officials said Thursday. The companies, Xtreme Power of Austin, Texas, and Clairvoyant Energy of Santa Barbara, Calif., plan to retool the aging factory, which once built such icons as the Lincoln Town Car and Ford Thunderbird, to manufacture solar panels and utility-scale... Full article... Article added: 2009-09-11 05:05:06 Article Views Rating: 51 Main > Car Makers News > GM > GM sells Opel to Magna, Sberbank | detnews.com | The Detroit News General Motors Co. will enter into the latest of a series of alliances in key overseas markets after agreeing to sell control of its German carmaker Adam Opel GmbH. GM said it was planning to sell 55 percent of Opel to Canada's Magna International Inc. and Sberbank of Russia, the German government's preferred bidders. The U.S. automaker will retain 35 percent, forming a three-way partnership. "We're very experienced and very successful in collaborative business models," said John Smith, group vice... Full article... Article added: 2009-09-11 05:05:03 Article Views Rating: 56 |
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