Daimler's Mercedes to Emulate BMW Strategy
May 21, 2007
FRANKFURT May 20, 2007; Reuters reportede that Daimler burned by its failed merger with Chrysler it has decided to forgo all acquisitions for its luxury brand Mercedes-Benz, emulating the go-it-alone strategy of rival BMW (BMWG.DE) after it sold off Rover. "There are no acquisition targets I can recognize that could st ... Continue reading
U.S. Automakers Urge G-7 Finance Ministers to put Misaligned Japanese Yen on Agenda
May 19, 2007
WASHINGTON--Stephen J. Collins, President of the Automotive Trade Policy Council (ATPC), speaking on behalf of General Motors, Ford and DaimlerChrysler, urged G7 finance ministers to engage in a âfrank and long overdue discussionâ of the damaging effects of the weak yen during their May 18-19 meeting in Potsd ... Continue reading
Can Americans be Sold on Electric Cars?
May 18, 2007
Washington DC May 18, 2007; The AIADA newsletter reported that automaker ZAP (as in zero air pollution) believes it has the formula in its tiny Xebra cars made in China: Plug it in at home and go up to 40 miles per hour for up to 25 miles. "The key is to keep the car simple," ZAP CEO Steve Schneider told Reuters, notin ... Continue reading
2007 Online Auto Advertising is on Track to Hit $2.8 Billion This Year
May 18, 2007
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c57346) has announced the addition of the new Borrell Associates Report â2007 Online Auto Advertisingâ to their offering. New Borrell report examines an overall slowdown for automotive advertising but a continued surge in the onl ... Continue reading
Latest Study Shows High Gas Prices Affecting Consumer Shopping Behavior
May 18, 2007
Consumers Alter New Vehicle-Buying Decisions, Shop and Eat Out Less Often Due to High Gas Prices IRVINE, Calif., May 18 -- With gas prices reaching their highest level in recent history, $3.10 a gallon for regular unleaded, a majority of consumers plan to take steps to combat the hit to their wallets. According to the ... Continue reading
GM Marketing Chief Mike Jackson to Leave Automaker
May 17, 2007
Duties Will Be Asumed by Boss Mark LaNeve By Published: DETROIT May 17, 2007; Jean Halliday writing for AdAge.com reported that General Motors Corp.'s VP-marketing and advertising for North America, Michael Jackson, is leaving the automaker to pursue other opportunities. The departure is effective June 15 and the posit ... Continue reading
May 17, 2007
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Most Expensive Hybrid Car Lexus LS600h and LS600hL Launches in Japan
May 17, 2007
World's First V8 Hybrid System Combining Full-time All-wheel Drive TOKYO, May 17, 2007 â Lexus started sales in Japan today of the LS600h and LS600hL1 hybrid sedans, which form the pinnacle of the Lexus brand. LS600hL The new LS600h and LS600hL models, products designed as the ultimate embodiment of the principles ... Continue reading
China Automotive Systems Signed Supply Agreement with Volkswagen Joint Venture in China
May 17, 2007
WUHAN, Hubei, China, May 17 /Xinhua-PRNewswire/ -- China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced its subsidiary, Jingzhou Henglong Automotive Parts Co., has entered into an agreement with FAW Volkswagen to supply its high quality power steering syste ... Continue reading
125+ Miles Per Gallon Vehicle Accomplished by Lithium Technology Corporation
May 17, 2007
-- Lithium Technology Corporation (Pink Sheets:LTHU): What: Breakthrough advanced battery technology poised to change the auto industry. Showcase of Lithium Technology Corporationâs (LTC) power solutions for the transportation, military and stationary power marketsDemonstrations of LTC powered vehicles: LTC brande ... Continue reading
Chinese Carmakers Not Planning Mass U.S. Sales
May 17, 2007
Washington DC May 17, 2007; The AIADA newsletter reported that Chinese automakers aren't likely to start selling Chinese-made vehicles in the United States on a mass scale anytime soon, China's vice minister of commerce said Monday during a visit to the Detroit area. According to the Detroit News, Chinese car companies ... Continue reading
Mopar(R) Performance Parts Chooses Rob Lelakowski of Buckeye, Ariz. as 'Top Eliminator' Award Winner
May 17, 2007
-- Lelakowski restored a rare 1967 Dodge Coronet R/T and displayed it at Mopars at the Strip in Las Vegas -- Mopar(R) developed the year-long program to recognize the most passionate and skilled enthusiasts and their restored or modified cars -- Winners and their vehicles will attend the 2007 SEMA Show CENTER LINE, Mic ... Continue reading
Chrysler Group Marks 500,000th "Brand Spankin' Used" Vehicle Sale
May 17, 2007
AUBURN HILLS, Mich., May 17 -- The Chrysler Group marked the sale of its 500,000th Certified Pre-Owned Vehicle (CPOV) at Fletcher Chrysler Products in Franklin, Ind. To celebrate the milestone, the company presented the lucky customers, John and Debora Seering, with an appreciation check equal to the amount paid for th ... Continue reading
A123Systems Is Selected As Battery Supplier For BAE Systems Hybrid Propulsion System
May 17, 2007
WATERTOWN, Mass.--A123Systems, developer and producer of state-of-the-art Automotive Class Lithium Ion⢠batteries, today announced that starting in early 2008, BAE Systems will be offering A123Systemsâ lithium ion battery technology as part of its HybriDrive® propulsion system. BAE Systemsâ HybriDrive ... Continue reading
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