May 17, 2007
North American Suppliers Are Most Vulnerable NASHVILLE, Tenn., May 17 -- Twenty two percent of some of the largest global automotive suppliers are in jeopardy of becoming significantly distressed financially within the next 12 months, according to a study by BBK, an international business advisory firm. BBK CEO William ... Continue reading
American Axle & Manufacturing announces new business with China's Chery Automobile
May 17, 2007
CHANGSHU, China, May 17 -- During the Grand Opening of its Changshu (China) Manufacturing Facility, American Axle & Manufacturing, Inc., (AAM) which is traded as AXL on the NYSE, today announced it has been awarded a new contract by Chery Automobile Co., Ltd. to produce rear drive modules (RDM) for a 2009 model-year cr ... Continue reading
Nissan Decherd Plant Celebrates 10 Years of Production
May 17, 2007
More than 3.8 Million Engines Produced at Nissan's Largest Powertrain Facility DECHERD, Tenn., May 16 -- Nissan North America's (NNA) powertrain assembly plant in Decherd, Tenn., celebrated its 10th year of production today. State and local officials and Nissan executives joined NNA- Decherd employees to mark a decade ... Continue reading
Bajaj Release Direct Injection Autorickshaw into the India Market
May 17, 2007
PERTH, Australia, May 16 -- Orbital Corporation Limited (BULLETIN BOARD: OBTLY) and Bajaj Auto Ltd, India (Bajaj) today announced that Bajaj have started production of the Orbital equipped direct injection Autorickshaw. Earlier this year Bajaj released a number of test vehicles into the local Pune market to complete th ... Continue reading
International Auto Industry Girds for Battle at the Grassroots
May 16, 2007
Washington, D.C. â the seat of American government â is known for many things political and otherwise, but very seldom is this mecca for freedom lovers and seekers seen as a hotbed for consensus-building. As a newly empowered Democratic Congress prepares to open a contentious debate on free trade and take up ... Continue reading
Ferrari Turns 60 With Auction at Maranello Factory Track
May 16, 2007
http://www.rmauctions.com/CarList.cfm?SaleCode=FF07 Washington DC May 16, 2007; The AIADA newsletter reported that Ferrari will celebrate its 60th anniversary with an auction at its track near Maranello, Italy, on May 20. Ferrari allowed RM Auctions to handle the sale as part of the automaker's 60th-anniversary celebra ... Continue reading
Nissan to Limit Distribution in China
May 16, 2007
Washington DC May 16, 2007; The AIADA reported that Nissan, making a cautious foray into the Chinese market, plans to sell about 1,000 of its luxury Infiniti models in the first year there. Colin Dodge, senior vice president in charge of China operations said in an interview with The Wall Street Journal that the car ma ... Continue reading
Toyota: Cost of Making Hybrids Will Fall
May 16, 2007
Washington DC May 16, 2007; The AIADA newsletter reported that Toyota expects to cut costs for hybrid cars enough to be able to make as much money on them as it does on conventional gasoline cars by around 2010, MSNBC reports today. To date, the Japanese automaker has seen sales of its Prius, the world's first hybrid c ... Continue reading
Forbes Top 10 Luxury SUVs for Towing
May 16, 2007
Washington DC May 16, 2007; The AIADA newsletter reported that sport utility vehicles have become more luxurious in recent years, but thankfully not always at the expense of ruggedness and versatility. Forbes has selected ten luxury SUVs based on their gross tow rating, which is the maximum they can tow when properly e ... Continue reading
Former Senior GM Executive Joins Ricardo in Key U.S. Role
May 16, 2007
A significant strengthening of the senior management team of Ricardo plc was announced today with the appointment of Dean Harlow as President of the company's North American subsidiary, Ricardo, Inc. VAN BUREN TWP., Mich., May 16 -- Dean Harlow will bring considerable automotive industry experience to his new role with ... Continue reading
BMW Informs Magna of its Intention to Produce Next Generation BMW X3 In-House
May 16, 2007
AURORA, Canada, 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 facili ... Continue reading
May 16, 2007
AUBURN HILLS, Mich., May 16 -- Continental Automotive Systems is the latest sponsor to join Carnegie Mellon University's Tartan Racing, a team that will enter a driverless Chevy Tahoe in the $2 million DARPA (Defense Advanced Research Projects Agency) Urban Challenge scheduled for November 3, 2007. Continental is provi ... Continue reading
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
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