Iflove.com Presents, Chinese Auto and Steel Industry: According to news sources, despite the fact that China has the world’s second largest car market, in the last year the auto industry recorded its slowest growth in a decade. Beginning January 20th and extending through until December 31, 2009, a stimulus package issued by the State Council offers a reduction in sales tax from the present 10 percent to 5 per cent on cars whose engines are less than 1.6 litres.
January 17th, 2009 | Posted in Auto Aid Plan, Automobile Crisis, Chinese Auto and Steel Industry, Government Stimulus Package | No Comments
Iflove.com Presents, Sayonara auto shows: Automaker defections may turn into a stampede from the time-consuming, expensive and increasingly obsolete events. Are auto shows going the way of manual typewriters, videotape recorders, and Palm Pilots?
January 17th, 2009 | Posted in Detroit auto show, Detroit automakers, European auto shows, International Auto Show, Sayonara Auto Shows | No Comments
Iflove.com presents: Eu governments seek more help for auto industry. European Union governments agreed on Friday to step up help for their straitened car makers but called for a coordinated response to avoid a race for subsidies among the bloc’s 27 nations.
January 17th, 2009 | Posted in Auto Aid Plan, Automobile Crisis, Automobile Industry | No Comments
Toyota to halve Japan vehicle output: Japan’s top carmaker will slash production during the period to about 9,000 vehicles a day and may need to trim its full-time work force as a result, the Asahi Shimbun said without citing sources.
January 17, 2009 News from TOKYO: In yet another sign of Japanese automakers’ deepening distress, Toyota [...]
January 17th, 2009 | Posted in Automobile Crisis, Automobile Investing, Japanese automakers, Nissan Car Reviews, Toyota cars | No Comments
2009 North American International Auto Show is openning. Thousands of people are crowding into Detroit’s Cobo Center for the public opening of the 2009 North American International Auto Show.
January 17, 2009 News from DETROIT Auto Show 2009 — Thousands of people are crowding into Detroit’s Cobo Center for the public opening of the 2009 North [...]
January 17th, 2009 | Posted in 2009 North American International Auto Show, Detroit Auto Show 2008, Detroit Cars showroom | No Comments
Chrysler Financial gets federal loan, automaker to offer new financing deals to boost sales. The new loan will be backed by the car loans that Chrysler Financial makes.
Chrysler LLC announced new sales incentives Friday following the U.S. Treasury’s decision to lend the automaker’s financing arm $1.5 billion, a much-needed cash infusion to finance new consumer [...]
January 17th, 2009 | Posted in Auto Aid Plan, Automobile Crisis, Automobile Industry, Chrysler New Models, Detroit automakers | 4 Comments
Obama’s old car for sale: A 2005 Chrysler sedan once owned by Barack Obama is being auctioned off on eBay.
The following are just comments, not from the autor of this article. Please leave your views afterwards:
Obama knows what we NON-LEMMINGS know. The Nickel Mining that provides the batteries for the Prius releases more carbon in [...]
January 16th, 2009 | Posted in Sell Used Cars, Used Auto Sales, Used Cars, buy used cars, lease used cars, sell used car guidances | No Comments
ESS Technology Announces Integrated VCD Solution, Introduces Visba3 Family of Highly-Integrated MPEG Decoder Chips. ESS Technology, Inc. (NASDAQ: ESST), the world’s leading provider of DVD and VCD chips announced today Visba3, the third generation of its Visba family of VCD processors. With the Visba3, ESS takes VCD performance and affordability to the next level.
Here you’ll [...]
January 6th, 2009 | Posted in Automobile Integrated Vcd Solution, Automobile Multimedia And Communication Systems Manufacturer, Digital Home Entertainment Systems, Digital Video Provider, Home Networking Solutions, Integrated Mpeg Decoder Chips, Silicon Solutions Provider | 2 Comments
GM Cuts Production at Four Factories; 2,000 Affected Updated on Dec. 5 - General Motors Corp., running out of cash and combating a 22 percent plunge in U.S. sales this year, said it’s cutting production at four North American car plants in 2009, affecting 2,000 jobs.
The automaker will eliminate the third shift at its factories [...]
December 5th, 2008 | Posted in Auto Aid Plan, Auto Job Vacancies, Automobile Crisis, Dow Jones Industrial Average, General Motors, Plant Financing | No Comments
Auto bailout could be tied to gov’t-run overhaul. News from WASHINGTON — The government would order a major restructuring of Detroit’s struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., shakes hands with Chrysler Chief Executive Officer Robert Nardelli, right, [...]
December 5th, 2008 | Posted in Auto Aid Plan, Automobile Crisis, Automobile Industry | No Comments