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Main > Car Makers News > Other > Auto team drives imports | detnews.com | The Detroit News WASHINGTON -- The vehicles owned by the Obama administration's auto team could reflect one reason why Detroit's Big Three automakers are in trouble: The list includes few new American cars. Among the eight members named Friday to the Presidential Task Force on the Auto Industry and the 10 senior policy aides who will assist them in their work, two own American models. Add the Treasury Department's special adviser to the task force and the total jumps to three. The Detroit News reviewed public records to... Full article... Article added: 2009-02-23 15:09:05 Article Views Rating: 143 Main > Car Makers News > Hummer > Chinese SUV maker denies reports it may buy Hummer | detnews.com | The Detroit News 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. "Who made up that joke? Sorry, I've never heard of such a purchase plan," said an assistant to the general manager of Sichuan Auto Industry, who like many media-shy Chinese would only give his surname, Chen. "We have no energy to consider making bids for... Full article... Article added: 2009-02-17 14:55:40 Article Views Rating: 190 Main > Car Makers News > Other > Auto panel to exert broad clout | detnews.com | The Detroit News WASHINGTON -- President Barack Obama's decision to create a task force on autos, rather than appoint a car czar, centralizes authority within an administration that realizes the struggling automakers are facing an increasingly uncertain future. While presidential task forces are not new, industry and political experts say the panel announced Monday by the White House will exert an unusual amount of power. The Obama administration's point person -- the person with the legal authority to require auto... Full article... Article added: 2009-02-17 14:55:40 Article Views Rating: 145 Main > Car Makers News > Mercedes-Benz > Mercedes Benz F700 After a bit of a song and dance routine, sans the song, Mercedes-Benz finally drove out its new F700 Concept at the 2007 Frankfurt Motor Show. Looking something like an S-Class cross-bred with a Mazda RX-8, it still managed to wow the assembled horde. The debut itself was a wild enviro-mechanical fusion of dancers emulating trees and geckos that formed a vehicle out of their prop tree branches and then fit themselves inside. It was a clever way to show green and machine can coexist beautifully. Sitting... Full article... Article added: 2009-02-17 09:19:49 Article Views Rating: 454 Main > Car Makers News > Other > Geithner to lead auto panel | detnews.com | The Detroit News The White House on Monday will announce it is forming a task force led by Treasury Secretary Tim Geithner to oversee the restructuring of the auto industry -- one day before General Motors Corp. and Chrysler LLC are required to file viability plans. The move comes even as a senior administration official on Sunday would not rule out the possibility that GM and Chrysler may seek bankruptcy protection in the process. In a separate development, GM resumed urgent talks with the United Auto Workers on... Full article... Article added: 2009-02-16 09:31:18 Article Views Rating: 150 Main > Car Makers News > Other > Geithner to lead auto panel | detnews.com | The Detroit News The White House is dropping plans to appoint a car czar and instead will name a team, led by Treasury Secretary Timothy Geithner, to oversee the restructuring of the auto industry. The announcement will be made today -- one day before General Motors Corp. and Chrysler LLC must file viability plans. The move comes as a senior administration official on Sunday would not rule out the possibility that GM and Chrysler may need to seek bankruptcy protection in the process. In a separate development, GM... Full article... Article added: 2009-02-16 09:31:16 Article Views Rating: 138 Main > Car Makers News > Chrysler > GM, Chrysler rush plans | detnews.com | The Detroit News General Motors Corp. and Chrysler LLC are scrambling to finish key negotiations and fine-tune restructuring plans that will dramatically transform companies pushed to the brink of bankruptcy late last year. The automakers have had more than two months to slash costs and prove they can repay up to $17.4 billion in federal loans, despite the worst U.S. auto sales market since the 1980s. Preparations are expected to continue through the weekend to meet Tuesday's deadline to submit plans to the U.S... Full article... Article added: 2009-02-15 18:02:47 Article Views Rating: 181 Main > Car Makers News > Ford > Ford, GM execs see market stabilizing | detnews.com | The Detroit News CHICAGO -- Auto industry executives are seeing signs that the U.S. auto industry is beginning to stabilize, after months of free-falling sales that have threatened some of the sector's biggest players. Jim Farley, Ford Motor Co.'s global marketing chief, said Wednesday that seasonally adjusted retail sales demand has held steady for four months. Meanwhile, the country's used car market has come "roaring back" since January. "That shows me that credit's available," Farley said after a Ford presentation... Full article... Article added: 2009-02-12 06:29:14 Article Views Rating: 172 Main > Car Makers News > Other > Obama to Big 3: Craft plan that works | detnews.com | The Detroit News WASHINGTON -- Nearly an hour of heavy questioning had ticked by and, finally, a reporter asked what probably all the reporters were wondering. What, exactly, was the brick-size wooden box with the red button on top, on the table in front of President Barack Obama? "If any of you really got me mad, I would press it," Obama said with a mischievous laugh. Obama, meeting with The Detroit News and more than a dozen other newspapers in the White House on Wednesday, is just getting used to the box, his office... Full article... Article added: 2009-02-12 06:29:13 Article Views Rating: 134 Main > Car Makers News > Mazda > New Mazda3, SP-25 & MX-5 to appear at MIMS It feels like the wait is almost over with the next generation of the Mazda3, Australia’s best-selling car, to make its Australian debut at the Melbourne International Motor Show.Both sedan and hatch models will offer even higher levels of quality, practicality, performance and value. The all-new Mazda3 SP-25 will also be on show. “The new-generation Mazda3 has a more expressive and emotional design that emphasises dynamism, and has the driving excitement and agility to back it up,&rdquo... Full article... Article added: 2009-02-10 07:57:03 Article Views Rating: 920 |
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