New Environmentally Friendly Brazilian Cars to Hit U.S. Market
May 15, 2007
SAN FRANCISCO & RIO DE JANEIRO, Brazil--The new Brazilian car maker, Obvio ! Automotoveiculos S.A., is introducing its âgreen dream,â one of the worldâs most environmentally friendly automobiles, built for high performance, safety, and carbon-neutralized tailpipe emissions. CantorCO2e, a leading financia ... Continue reading
Fleetwood Announces Executive Title Changes
May 15, 2007
RIVERSIDE, Calif., May 14 -- Fleetwood Enterprises, Inc. announced today title changes for four of its executives. To emphasize the autonomy of the Company's business segments and the authority of their respective leaders, Paul C. Eskritt has been named President - Fleetwood Recreational Vehicle Group, Charles E. Lott ... Continue reading
Mitsubishi Dealers See Better Days Coming
May 14, 2007
Washington DC May 15, 2007; The AIADA newsletter reported that Mitsubishi Motors Corp. President Osamu Masuko told his U.S. dealers this month that the U.S. ad budget would increase about 30 percent this year to an estimated $170 million. The $5 million profit is small but "headed in the right direction," Masuko told t ... Continue reading
Ducati Motor Holding Announces 2007 First Quarter Results
May 14, 2007
BOLOGNA, Italy, May 14 -- 01/01/07- 01/01/06- 31/03/07 31/03/06 Var% Revenues 95.4 76.6 24.5% EBITDA 14.5 11.3 28.2% Net result 5.6 1.5 266.3% Net Debt (52.8) (141.2) -62.6% (Million Euro) The Board of Directors of Ducati Motor Holding S.p.A. (Borsa Italiana: DMH; NYSE: DMH) today approved the 2007 First Quarter Result ... Continue reading
Clean Diesel Ready to Help President Meet His '20 in 10' Goals
May 14, 2007
Incentives Needed to Encourage Purchase of Fuel-Efficient Diesels; High-Quality Biodiesel Also Critical WASHINGTON, May 14 /PRNewswire-USNewswire/ -- Allen Schaeffer, executive director of the Diesel Technology Forum, issued the following statement in response to President Bush's speech this afternoon discussing his en ... Continue reading
Fords Not Discussing the Sale of Ford
May 14, 2007
By DETROIT, May 14, 2007; Poornima Gupta writng for Reuters reported that Ford Motor Co.'s founding family said on Monday it was not discussing the sale of its controlling stake in the No. 2 U.S. automaker, even though they met last month with a Wall Street advisory firm. The Ford family controls almost 40 percent of t ... Continue reading
May 14, 2007
Washington DC May 14, 2007; The AIADA newsletter reported that when Wall Street Journal reporter Joseph White set out to find the best car for his 16 year old daughter, he made some interesting discoveries. For one, the first nine of his ten top picks, based on safety and dependability, were foreign makes. For his list ... Continue reading
Honda Wants to Also be Synonymous with Safety
May 14, 2007
Washington DC May 14, 2007; The AIADA newsletter reported that Honda is known for building fuel-efficient, reliable vehicles. Now it wants to expand its good reputation to join Volvo as an automaker best known for safety. According to the Boston Globe, Honda is promoting safety as an essential part of its public image. ... Continue reading
Chrysler Brand Heritage Chronology
May 14, 2007
1875-1912: Kansas-born Walter Chrysler, son of a locomotive engineer, was connected to the transportation industries throughout his life. His love of machinery prompted him to forsake a college education for a machinistâs apprenticeship, and his early career comprised numerous mechanical jobs in the railroad indus ... Continue reading
Details of the DCX Sale of Chrysler to GMAC Investor Cerberus - Includes Video
May 14, 2007
FRANKFURT, May 14, 2007 Michael Shields writing rot Reuters reported that private equity firm Cerberus will buy a majority of DaimlerChrysler's (DCXGn.DE: Quote, Profile , Research) struggling Chrysler Group for $7.4 billion, a fraction of the $36 billion deal that created the transatlantic car union nine years ago. Ce ... Continue reading
Ford Motor Company Signs Online Advertising Commitment with Specific Media
May 14, 2007
IRVINE, Calif.--Specific Media, the advertising industryâs fastest-growing interactive media company, today announced it has signed an advertising commitment with Ford Motor Company for the automakerâs 2007-2008 Lincoln Mercury online advertising initiatives. The upcoming campaign will serve to build brand re ... Continue reading
Daimler Sells Chrysler to Cerberus
May 14, 2007
Washington DC May 12, 2007; The AIADA newsletter reported that DaimlerChrysler AG ended a nine-year investment in money-losing Chrysler, handing control of the carmaker to private-equity firm Cerberus Capital Management LP and getting out from under $19 billion of retirement benefits. Bloomberg reports that Cerberus wi ... Continue reading
2007 Suzuki Grand Vitara Ranked Among Top Three Safest Cars by European Assessment Group
May 14, 2007
Suzuki Grand Vitara 2007 ranked among top three safest cars by European car safety assessment group New 4x4 model achieves excellent scores during safety performance test conducted by Euro NCAP May 14, 2007 Suzuki Motors Corp. (SMC), one of the largest car manufacturers in Japan, has recently announced that the Grand V ... Continue reading
Bernhard Won't Join Chrysler Management
May 14, 2007
STUTTGART, Germany, May 14, 2007; Reuters repoerted that former Chrysler chief operating officer Wolfgang Bernhard will not take an active role in helping to restructure the loss-making Chrysler Group once again, Cerberus Capital Management [CBS.UL] said on Monday. "He will not join the management team at Chrysler," Ch ... Continue reading
NASCAR NNCS (DAYTONA) - VIDEO STORY Car of Tomorrow
May 14, 2007
DETROIT - May 11, 2007: The NASCAR Car of Tomorrow is scheduled to debut in 16 of the 2007 Nextel Series races. Following the death of legendary driver Dale Earnhardt in 2001, NASCAR officials set out to create a safer vehicle. To accomplish this task, NASCAR employed various auto manufacturers to design a car that is ... Continue reading
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