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Main  >  Car Makers News  >  Mazda  > 
Mazda forecasts $144M fiscal year loss | detnews.com | The Detroit News
TOKYO -- Mazda Motor Corp. said Wednesday it expects a loss for the fiscal year, as the carmaker braces for brutal results over the fourth quarter from the strong yen and plummeting sales in the U.S. Mazda lowered its forecast to a 13 billion yen $144.4 million net loss over the fiscal year through March, down from its previous forecast of a 50 billion yen profit. It slashed its sales target 15 percent to 2.55 trillion yen from 3 trillion yen. The maker of the RX-8 sports car and Miata roadster said it... Full article...

Article added: 2009-02-05 07:31:57   Article Views Rating: 267


Main  >  Car Makers News  >  Honda  > 
Honda celebrates 40 years in Australia
 Honda Australia today celebrates its 40th birthday.From its humble beginnings in a two-bedroom flat in the Melbourne suburb of South Yarra, Australia is now one of Honda’s leading markets. Honda Australia’s first General Manager, Mr. Hidehiko Shiomi, set up business in a Millswyn Street flat and represented half of the initial workforce. His colleague at this time was Mr. David Morwood. There are now over 500 people employed by Honda in Australia including the motorcycle, power... Full article...

Article added: 2009-02-04 06:57:33   Article Views Rating: 349


Main  >  Car Makers News  >  Other  > 
Auto briefs | detnews.com | The Detroit News
North Dakota's House has defeated a proposed 5 percent state tax exemption for new Ford Motor Co. , Chrysler LLC and General Motors Corp. cars and trucks. The measure got its first legislative hearing last week. It was put on the fast track for a vote because car dealers said it was delaying some customers' buying decisions. Representatives voted 64-29 on Monday to defeat the measure. It offered the 5 percent tax break for new vehicle sales and leases until June 30, 2010. Some lawmakers doubted whether... Full article...

Article added: 2009-02-03 07:09:24   Article Views Rating: 190


Main  >  Car Makers News  >  Lexus  > 
Lexus 2009 GS 450h exudes luxury and attitude | detnews.com | The Detroit News
So must be the creed of the drivers of America's No. 1 selling luxury brand. While I have no statistical data to support my theory that Lexus drivers collectively exhibit the worst roadside manners in the U.S., I have plenty of anecdotal evidence: The Lexus driver on her cell phone in California who nearly ran me off the road in Westwood. The South Florida Lexus driver on his cell phone using the emergency lane to bypass traffic. Other Lexus drivers cutting me off, tailgating me or the never even seeing... Full article...

Article added: 2009-02-03 07:09:20   Article Views Rating: 233


Main  >  Car Makers News  >  Other  > 
Eleven Finalists for World Car of the Year Are Announced
The results of the fifth annual World Car of the Year WCOTY competition will be announced at the2009 New-York Auto Show in April, but the journalists have already made the list of the 11 finalists. It is interesting that only European and Japanese autos are participating this year leaving American, Asian Chinese, Korean and Indian and Australian manufacturers behind. The majority of candidates for WCOTY Award come from Europe. They are German Audi A4, Volkswagen Golf VI and BMW 7 Series, French Citroën... Full article...

Article added: 2009-01-30 07:07:54   Article Views Rating: 193


Main  >  Car Makers News  >  Other  > 
Auto briefs | detnews.com | The Detroit News
Automotive research site Edmunds.com predicts January 2009 sales will show a 30 percent decline from year-earlier levels, due in part to slumping demand from fleet customers. Compared with December 2008 levels, Edmunds predicts U.S. auto sales will be 18 percent lower at 730,000 cars and light trucks. Estimated U.S. sales declines range from 23 percent for Honda Motor Co . to 48 percent for Chrysler LLC . AutoNation profits in quarter, loses for yearAutoNation Inc. , the nation's largest automotive... Full article...

Article added: 2009-01-30 07:07:53   Article Views Rating: 129


Main  >  Car Makers News  >  Honda  > 
Honda quarterly profit slumps, cuts annual target | detnews.com | The Detroit News
TOKYO -- Honda Motor Co.'s net profit tumbled 90 percent in the October-December quarter from a year earlier, hit by the global economic slump. Japan's No. 2 automaker also cut its net profit forecast for the current fiscal year through March by 57 percent, to 80 billion yen $888.9 million from 180 billion yen. Honda released its quarterly earnings Friday, which showed its net profit was 20.24 billion yen during the latest quarter, versus 200 billion a year earlier. Like other carmakers, Honda is... Full article...

Article added: 2009-01-30 07:07:52   Article Views Rating: 184


Main  >  Car Makers News  >  Other  > 
Detroit Auto Show to reduce media preview days | detnews.com | The Detroit News
Media previews at the North American International Auto Show will begin a day later beginning next year, organizers said Thursday, moving to Monday from the traditional Sunday start. The new schedule shortens media previews by automakers to about 30 events and eliminates the extra half day of press conferences, said Doug Fox, senior co-chairman of the show. "There are two primary days. But the move was made for a very good reason: The customers we serve asked for the changes." Exhibitors had complained... Full article...

Article added: 2009-01-30 07:07:51   Article Views Rating: 134


Main  >  Car Makers News  >  Other  > 
Auto briefs | detnews.com | The Detroit News
TOKYO -- Honda Motor Co. said today it is cutting production in Japan and North America by an additional 50,000 vehicles amid a severe slump in global sales. Japan's No. 2 automaker said output in North America will fall by 29,000 units, affecting Honda's three plants in the region -- Ontario, Canada; Marysville/East Liberty, Ohio; and Lincoln, Ala. Due to the production cuts, Honda's overall output in North America will drop 12 percent to 1.26 million units in the fiscal year ending March 31. The... Full article...

Article added: 2009-01-27 13:56:03   Article Views Rating: 161


Main  >  Car Makers News  >  Other  > 
Fuel rule struggle looms for Big Three | detnews.com | The Detroit News
WASHINGTON -- Automakers face an uphill climb in convincing the Obama administration not to grant California and 13 other states the right to impose their own tailpipe emissions standards, but those tougher regulations could come with more federal loans. President Barack Obama ordered the Environmental Protection Agency to review the request from California and the other states to impose a 30 percent reduction in tailpipe emissions by 2016. He vowed during the campaign to grant California permission... Full article...

Article added: 2009-01-27 13:56:00   Article Views Rating: 194


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