Supervisory Board Approves Concept for Chrysler Group and Realignment of DaimlerChrysler AG
May 16, 2007
STUTTGART, Germany, May 16 -- The Supervisory Board of DaimlerChrysler AG today approved the concept for the Chrysler Group and the realignment of DaimlerChrysler AG in the form submitted by the Board of Management. (Logo: http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO ) As was reported in detail on May 14, accor ... Continue reading
May 16, 2007
Demand for Small Vehicles Increases as Gas Prices Rise WESTLAKE VILLAGE, Calif., May 16 -- Rising gasoline prices have some owners of large and midsize trucks trading to smaller vehicles, according to real-time retail transaction data from the Power Information Network (PIN), a division of J.D. Power and Associates. (L ... Continue reading
May 16, 2007
AURORA, ON, May 16 -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) today reported that BMW AG has informed us of its intention to commence in-house assembly of the next generation BMW X3 in Spartanburg, South Carolina, following end of production of the current generation BMW X3 at our Graz, Austria facility. ... Continue reading
Chrysler Faces Tough Road Competing Alone
May 16, 2007
DETROIT May 15, 2007; Tom Krisher writing for the AP reported that during Chrysler's big-money years of the past decade, the blockbuster hits such as the 300, the new Ram pickup and the funky PT Cruiser drew people into showrooms by the thousands. The cars were brash, the trucks were tough. They were stylish. And they ... Continue reading
Lexus Continues Support of the California Clean Tech Open
May 16, 2007
Luxury-Hybrid Leader Sponsors Transportation Category for Second Consecutive Year SAN FRANCISCO, May 15 -- Lexus announced today its continued sponsorship of the California Clean Tech Open, the second annual competition promoting the creation of clean technology, at a launch event at San Francisco's City Hall. For the ... Continue reading
National R.V. Holdings, Inc. Announces First Quarter Results and Financing
May 16, 2007
PERRIS, Calif., May 15 -- National R.V. Holdings, Inc. (the "Company") today announced the financial results for its first quarter ended March 31, 2007. Net sales from continuing operations declined to $21.9 million in the first quarter of 2007, down 59.9% from $54.6 million in the first quarter of 2006. The Company re ... Continue reading
Chevy Sequel Drives Into History Books
May 16, 2007
First hydrogen fuel cell vehicle to go 300 miles without refueling is a success. TARRYTOWN, N.Y., May 15 -- General Motors Corp. made history today as its Chevy Sequel - the world's most technologically advanced automobile - became the first electrically-driven fuel cell vehicle to achieve 300 miles on one tank of hydr ... Continue reading
Praxair Provides Hydrogen For GM's Chevy Sequel
May 16, 2007
DANBURY, Conn.--Praxair, Inc. joined General Motors Corp today in making history by providing hydrogen for the Chevy Sequel, âthe worldâs most technologically advanced automobile.â The Chevy Sequel became the first fuel cell vehicle in the world to achieve 300 miles range without refueling, on public roa ... Continue reading
2008 Subaru Tribeca Awarded Double 5-Star Safety Rating
May 16, 2007
- Subaru Tribeca given highest possible safety rating from NHTSA in both the frontal and side-impact NCAP crash tests - CHERRY HILL, N.J., May 15 -- Subaru of America, Inc. today announced that the restyled and more powerful 2008 Subaru Tribeca received the highest rating in the U.S. Department of Transportation's Nati ... Continue reading
Media Briefing With Chrysler President and CEO Tom LaSorda - LIVE VIDEO Today 1:30PM EDT
May 15, 2007
AUBURN HILLS, MI - May 15, 2007: Tom LaSorda, President and CEO, Chrysler Group, will host a media briefing to address questions regarding the agreement to sell the Chrysler Group to Cerberus Capital Management. To watch the live video webcast in broadband http://www.dcxmediaservices.com/live/hiband.asx. To watch in lo ... Continue reading
May 15, 2007
Washington DC May 15, 2007; The AIADA newsletter reported that BMW, in order to counter a strong euro, will build the next-generation X3 mid-size sport utility vehicle in its U.S. plant in Spartanburg, South Carolina, the company said on Tuesday. According to ABC News, the world's largest premium carmaker will expand t ... Continue reading
Auto Show Season Brought Big Changes for Many Brands
May 15, 2007
By Jim Koscs AIADA Contributing Editor This yearâs auto show season brought a significant number of new vehicle announcements and introductions, many with an overlying message: transition. Eight companies told AIADA how their newest vehicles convey identity and direction for their respective brands. Rear-Wheel Dri ... Continue reading
Scania Presents the Bus of the Future: World-Premire for Scania's Ethanol Hybrid Bus
May 15, 2007
STOCKHOLM, Sweden--A full-size low-floor city bus that cuts fossil CO2 emissions by up to 90 percent if fuelled with ethanol and saves at least 25 percent fuel â thatâs the essence of Scania's hybrid bus concept. The concept bus is conceived to make a major contribution towards sustainable public transport. S ... Continue reading
Chrysler CEO: "Our Brands Will Not Be Broken Up"
May 15, 2007
DETROIT, May 15, 2007; Reuters reported that Chrysler Group Chief Executive Tom LaSorda said on Tuesday that the automaker's three brands, Jeep, Chrysler and Dodge, will not be broken up after its sale to Cerberus Capital Management. "These brands will not be broken up under any circumstances," LaSorda told reporters, ... Continue reading
DaimlerChrysler Increases EBIT to $2,730 Million in Q1 2007
May 15, 2007
- Net profit of $2,637 million (Q1 2006: 1,045 million) - Earnings per share of $2.53 (Q1 2006: $1.03) - Group revenues of $47.3 billion (Q1 2006: $50.1 billion) - EBIT of $9.4 billion expected for full-year 2007 (2006: $7.4 billion) before impact on realignment of DaimlerChrysler AG STUTTGART, Germany, May 15 -- Daiml ... Continue reading
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