Archive for August, 2009

Continental to close electronics plant in Huntsville, Ala.

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 because the UAW failed to give contract concessions.

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Continental to close electronics plant in Huntsville, Ala.

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 after the UAW failed to give contract concessions.

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Jaguar, Land Rover weigh on Tata Motors’ earnings

Tata Motors, India’s largest vehicle maker, posted a consolidated loss for its fiscal first quarter, but remained confident about the prospects of its loss-making Jaguar and Land Rover unit.

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Continental to close electronics plant in Huntsville, Ala.

Continental AG’s U.S. subsidiary announced today that it will close its Huntsville, Ala., electronics plant by year end 2010 because the UAW failed to give contract concessions.

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Tesla hires two execs from Audi, YouTube

A former Audi sales executive and YouTube’s communications head are both joining Tesla Motors, the start-up California automaker said today.

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Cash for clunkers vaulted Ford sales in August, analysts say

The cash-for-clunkers program pushed Ford Motor Co.’s U.S. light-vehicle sales to the company’s second-straight year-over-year increase in August while lessening sales declines for Chrysler Group and General Motors Co., analysts say.

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GM to close 46 Canadian Saturn stores by year end

Canada’s Saturn stores will wind down by the end of the year as a result of automotive entrepreneur Roger Penske’s purchase of the brand, General Motors Co. spokesman Stew Low said today.

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Hyundai Mobis, LG Chem team up to take on Bosch’s battery JV

Germany’s Robert Bosch, the world’s largest partsmaker, has a new battery rival.

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U.S. welcomes China move to cut auto parts tariffs

The United States on Friday welcomed Beijing’s decision to eliminate additional charges on imported auto parts in a landmark case that ended a grace period for China after it joined the World Trade Organization.

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China’s Geely is lone Volvo bidder so far, report says

China’s Geely Automotive has submitted the only concrete bid so far for Ford Motor Co.’s Volvo unit, a Swedish newspaper reported on Saturday, citing an undisclosed source.

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GM to form China venture, invest $293 million

General Motors said today it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

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Merkel party ally urges delay in Opel decision, newspaper says

A member of German Chancellor Angela Merkel’s conservative party has pushed for a delay of the decision about the fate of General Motors Co.’s European unit Opel until after Germany’s federal elections, a newspaper said.

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Detroit’s car woes spread to California

For more than two decades, Frank Ramirez has made a living working an unusual job in Silicon Valley: assembling cars and trucks for Toyota Motor Corp. and General Motor Co.

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As hybrid cars gobble rare metals, shortage looms

The Prius hybrid automobile is popular for its fuel efficiency, but its electric motor and battery guzzle rare earth metals, a little-known class of elements found in a wide range of gadgets and consumer goods.

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In era of mpg, Japanese big on going small

Japanese carmakers are revamping their product plans to include the more fuel-efficient vehicles required by changing regulations for corporate average fuel economy. By 2015, Nissan expects 10 percent of its U.S. sales to be electric vehicles.

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‘Very huge and very unconventional’

A controversial Chinese auto executive living in exile in Los Angeles is promoting a U.S. factory project that he promises will dwarf its rivals. Yang Rong is leading a venture to build a $6.

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With guns blazing, dealer fights Hummer slump

For Hummer dealer Jim Lynch, shrinking sales of gas-guzzling SUVs triggered an idea. He decided to add new accessories to the product arsenal at his Chesterfield, Mo., store: guns and ammo. With payments on his $7.

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Not the government deal; dealer says so what?

South Carolina dealer John Isgett didn’t want the headaches of the federal cash-for-clunkers program. But he didn’t want to miss out on the buzz and the showroom traffic.

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Sell the house, cancel donations: A grimmer retirement for execs

Jim Holden won’t be writing a five-figure check to the United Way this year. Jack Thompson recently canceled a trip to Europe.

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After the clunker: Few cars, no cash

Dealers say cash for clunkers sparked a positive shift in consumer attitudes that will lift new-car sales in the months ahead, especially if economists are right about a handful of positive indicators.

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Chrysler looks beyond BBDO for advertising

Nine years after consolidating its global advertising account at Omnicom Group’s BBDO, Chrysler is reaching out beyond its agency of record for creative ideas related to its fourth-quarter ad campaign, according to executives familiar with the…

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Detroit’s car woes spread to California

For more than two decades, Frank Ramirez has made a living working an unusual job in Silicon Valley: assembling cars and trucks for Toyota Motor Corp. and General Motor Co.

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Merkel party ally urges delay in Opel decision, newspaper says

A member of German Chancellor Angela Merkel’s conservative party has pushed for a delay of the decision about the fate of General Motors Co.’s European unit Opel until after Germany’s federal elections, a newspaper said.

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GM to form China venture, invest $293 million

General Motors said today it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million).

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China’s Geely is the only Volvo bidder so far, report says

China’s Geely Automotive has submitted the only concrete bid so far for Ford Motor Co.’s Volvo unit, a Swedish newspaper reported on Saturday, citing an undisclosed source.

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