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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: 144 Main > Car Makers News > Honda > Honda names new president amid slowdown | detnews.com | The Detroit News TOKYO -- Honda Motor Co. named Takanobu Ito, head of core automaking operations, as its new chief executive Monday, in an effort to provide fresh leadership to battle a global crisis in the auto industry. Ito, a 55-year-old research and development expert with U.S. experience, replaces Takeo Fukui, 64, who will remain on the board as adviser, Japan's No. 2 automaker said in a statement. Both Fukui and Ito said the change at the helm is a message of its determination to turn a new leaf and press ahead... Full article... Article added: 2009-02-23 15:09:05 Article Views Rating: 230 Main > Car Makers News > Other > Delphi salaried retirees fight benefit cuts | detnews.com | The Detroit News NEW YORK -- Nancy Shade's father and grandparents had enjoyed the security of General Motors' benefits before they helped draw her to a job there, too. Now, the five-year breast cancer survivor is wondering how she'll afford her own health coverage if GM's spun-off parts maker, Delphi, terminates medical and life insurance benefits for salaried retirees. Delphi Corp., which has been under bankruptcy protection since 2005, has asked a judge to allow it to cancel the benefits as soon as April 1, so the... Full article... Article added: 2009-02-23 15:09:05 Article Views Rating: 164 Main > Car Makers News > Other > Suppliers request $18.5B in U.S. aid | detnews.com | The Detroit News WASHINGTON -- The nation's auto suppliers asked the Treasury Department for at least $18.5 billion in emergency aid Friday as the Obama administration was nearing an announcement of a three-member auto restructuring team. The Motor & Equipment Manufacturers Association urged Treasury to quickly consider three options to prevent the collapse of auto suppliers, which face a severe cash crisis. The group is suggesting the government tap the $700 billion bank rescue program. Detroit's Big Three automakers... Full article... Article added: 2009-02-15 18:02:47 Article Views Rating: 152 Main > Car Makers News > Other > French Government Helps Automakers Automakers of the whole world go through hard times and the only way of salvation is government help. While American Big Three asks for more and more from Washington DC, Swedish government has already agreed to help Volvo and Saab with their development. A few days ago French politicians approved their bailout program too. As soon as French automakers Renault and PSA Peugeot Citroën agreed to keep the factories in the country and provide jobs for French citizens, the government granted a $11.8 billion... Full article... Article added: 2009-02-12 06:29:16 Article Views Rating: 165 Main > Car Makers News > Other > Auto's bullet holes hold no safety threat | detnews.com | The Detroit News Dear Tom and Ray: Although I am not currently participating in a witness-protection program, I think it best not to divulge my true name or whereabouts -- you'll understand. I live in a rural setting near a medium-size U.S. city. One recent autumn evening, someone entered our property via a private road and proceeded to pump 12 rounds of high-caliber ammo into the passenger side of my beloved 2000 Toyota Camry that someone me had left parked outside our house. The bullet distribution covered the front... Full article... Article added: 2009-02-12 06:29:09 Article Views Rating: 154 Main > Car Makers News > Peugeot > Peugeot-Citroen to delay plug-in hybrids PSA Peugeot-Citroen could delay the introduction of plug-in diesel-electric hybrid cars, including the stunning Prologue pictured below, as it seeks to cut costs during the economic downturn.Ladimir Prince, manager of PSA’s hybrid innovations unit, said though the carmaker’s plug-in hybrid project could be delayed by a year or two, the economic crisis will not slow the firm’s plans to launch diesel-electric hybrid models. Prince said PSA is still working toward launching a... Full article... Article added: 2009-02-06 05:56:48 Article Views Rating: 260 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 > Porsche > Porsche reveals second generation GT3 Porsche has revealed its second generation of the 997 series 911 GT3 which will be more powerful, faster and even more refined when it goes on sale in Australia late this year.In developing the most sporting and dynamic road-going 911 with a normally aspirated engine, Porsche has focused efforts on two key areas: performance and dynamics. Porsche’s proven six-cylinder naturally-aspirated engine now develops maximum power of 320kW up 15 kW over its predecessor which is achieved by an increase in... Full article... Article added: 2009-01-30 07:23:34 Article Views Rating: 334 Main > Car Makers News > Ford > No bailout for Visteon, Ford execs say | detnews.com | The Detroit News Auto parts supplier Visteon Corp. must make it on its own. Former owner Ford Motor Co. will not bail out the supplier should that become necessary, Ford executives said during the automaker's earnings call on Thursday. "Visteon is a standalone company," said Ford Chief Financial Officer Lewis Booth, referring to the supplier's roots as Ford's components operations until it was spun off in 2000. "We're not contemplating dramatic action," Booth said. "Like all of our suppliers, we talk to them and when... Full article... Article added: 2009-01-30 07:07:53 Article Views Rating: 183 |
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