Archive for November, 2009

Industry sales improve slightly as ‘new normal’ takes hold

U.S. auto sales increased by less than 1 percent in November for the industry’s first year-over-year gain without government incentives since October 2007.

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Ford and Toyota gain, Hyundai soars as industry sees strength

Ford Motor Co. and Toyota Motor Corp. posted slight U.S. sales gains in November and Hyundai-Kia soared as the industry reported sales in line with its and#8220;new normal,and#8221; after a four-year decline and this summer’s cash-for-clunkers incentive.

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Ford posts another gain as industry sees signs of strength

Ford Motor Co.’s U.S. sales rose by less than 1 percent in November, for the automaker’s fourth gain in five months, as the industry was expected to post its second-strongest sales month of the year without the help of the cash-for-clunkers program.

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Monthly auto sales to show slow recovery

Major automakers are expected to report flat U.S. auto sales for November from a year ago — another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.

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Feds may give crushers 3 more months

The Obama administration wants to increase to nine months the time allowed for crushing or shredding a traded-in vehicle under the cash-for-clunkers program, citing the burden placed on disposal facilities by the unexpected popularity of last…

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Feds may give crushers 3 more months to dispose of clunkers

The Obama administration wants to increase to nine months the time allowed for crushing or shredding a traded-in vehicle under the cash-for-clunkers program, citing the burden placed on disposal facilities by the unexpected popularity of last…

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Peter Brown named publisher of Automotive News

Peter Brown, who has steered the editorial operations of Automotive News for more than two decades, will become publisher Jan. 1.

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Peter Brown promoted to publisher of Automotive News

Peter Brown, who has steered the editorial operations of Automotive News for more than two decades, will become publisher Jan. 1.

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GM regains full control of Opel

General Motors Co. has paid back all of an emergency loan it had received for Opel, regaining full control of the European brand and dissolving a trust that held a 65 percent stake in Opel.

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VW Polo wins European Car of Year award

Volkswagen’s new Polo — slated to enter the U.S. market within three years — narrowly beat the Toyota iQ to win the 2010 European Car of the Year award.

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Hyundai suffers rare setback, pulls out of Japan

Hyundai Motor Co. may be growing globally despite the recession, but business in Japan is so bad the carmaker has decided to pull out after just eight years in the country.

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Monthly auto sales to show slow recovery

Major automakers are expected to report flat U.S. auto sales for November from a year ago — another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.

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High court won’t review Ford rollover case

Ford Motor Co. had its plea to review a rollover-liability case rebuffed by the U.S. Supreme Court, leaving the automaker to pay the $55 million punitive-damage award.

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High court tells Ford it won’t review rollover-liability case

Ford Motor Co. had its plea to review a rollover-liability case rebuffed by the U.S. Supreme Court, leaving the automaker to pay the $55 million punitive-damage award.

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High court tells Ford it wonand#8217;t review rollover-liability case

Ford Motor Co. today had its plea to review a rollover-liability case rebuffed by the U.S. Supreme Court, leaving the automaker to pay the $55 million punitive-damage award.

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Customers cry foul over bankruptcy tactic

Two auto suppliers have used the bankruptcy code to revamp at least 80 percent of their customer contracts, bucking the norm of most automotive bankruptcies seen this year. Both companies, Recticel North America Inc.

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Suppliers’ customers cry foul over ‘surprise’ bankruptcy tactic

Two auto suppliers have used the bankruptcy code to revamp at least 80 percent of their customer contracts, bucking the norm of most automotive bankruptcies seen this year. Both companies, Recticel North America Inc.

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Saab, Swedish officials in rescue plea for carmaker

Saab CEO Jan Ake Jonsson and officials from the Swedish government traveled to Detroit ahead of a GM board meeting on Tuesday to decide the brand’s fate. Bidders interested in Saab include Beijing Auto, Renco Group and Merbanco.

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Tata plans to launch hybrid Nano, chairman tells newspaper

India’s Tata Group is planning to produce hybrid versions of its Nano, billed as the world’s cheapest car, to join in the environment-friendly trend, its chairman said in an interview with a South Korean newspaper.

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New Chrysler: Still big in trucks

Despite all the talk of new Fiat-based cars, the Fiat-controlled Chrysler Group expects to keep a truck-heavy vehicle mix similar to today’s lineup.

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Need a pickup truck? Nah, not really

If you want to know where more than 150,000 annual pickup sales went, picture a certain buyer. This consumer — probably a guy, so let’s call him “he” — owns a full-sized crew cab pickup.

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Beijing Auto official says ‘stay tuned’ on Saab

Beijing Automotive Industry Holding Corp. might still be interested in buying Saab, the Chinese car company’s general manager said today. Asked by reporters whether BAIC would consider approaching General Motor Co.’

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Subaru boosts sales, share in ‘most important’ U.S. market

Subaru maker Fuji Heavy Industries continues to charge ahead in the key U.S. market with sales seen jumping by a fifth this month, but it faces a lot of work to boost its earnings power, its CEO said on Friday. Fuji Heavy, owned 16.

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Geely, Ford agree on Volvo intellectual property

Zhejiang Geely Holding Group has agreed with Ford Motor Co. on intellectual property rights issues in its bid for Volvo, a Europe-based Geely spokesman said last week.

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Magna seeks pay as Porsche drops deal — report

Magna wants at least 400 million euros ($600 million) in compensation from Porsche for canceling a contract to assemble Porsche’s Boxster and Cayman models in Magna’s Austrian factory, a newspaper reported.

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