Automobiles Year and glorious age of car fashion - Iflove Autos and Cars News Summary
Happy year for automobiles and glorious age of car fashion. Here you will see the most beautiful cars and visit the most brilliant exhibitions of auto. Auto outfits the world with its wheels and makes the world free of walking. When the imagination and enthusiasm come together, auto comes into people’s life.
Ford bows to pressure over gas targets
Religious and environmentalist shareholder groups claimed victory in having put pressure on Ford Motor to spell out concrete plans to cut its vehicles’ greenhouse gas emissions - Apr-09
Ford and Tata finalise $2.3bn deal Debt fears take gloss off Tata’s Ford dealTough odds for top marquesDaimler predicts dramatic fall in US sales
Daimler underlined the risks to carmakers round the world from the credit crisis by saying that sales in the US would drop substantially and the economic climate would continue to worsen - Apr-09
Big carmakers report lower US sales Mercedes star twinkles onceRethink of ‘VW law’ insufficient, says Brussels
The German government’s proposed changes to the controversial law that protects Europe’s largest carmaker, Volkswagen, against hostile takeovers do not go far enough,… - Apr-10
Vauxhall’s Griffin gets image makeover
UK brand of GM motors is to undergo a face-lift to give it a dynamic and contemporary look as part of a broader overhaul - Apr-08
Motor industry study ordered
The UK business minister has ordered a review to help the motor industry tackle the twin challenges of low-cost competition and emerging low-carbon car technologies - Apr-06
S&P cuts its rating for Tata Motors
Tata Motors’ $2.3bn debt-funded deal for Jaguar and Land Rover has led to concerns at Standard & Poor’s about the Indian group’s growing indebtedness - Apr-06
GM hopes to jolt Toyota with its Volt
General Motors aims to start selling its electric Volt car by late 2010 - one of its briskest development schedules ever - and, in so doing, wrest industry leadership on environmental issues from Toyota, its archrival - Apr-04
Investors abandon $2.6bn Delphi deal
A group of investors led by Appaloosa Management has pulled out of a plan to inject $2.6bn in equity into Delphi, throwing the restructuring of the bankrupt automotive parts maker into doubt - Apr-04
Porsche acts on London charge
Porsche, the carmaker, has stepped up its legal battle against plans to raise the London congestion charge on gas-guzzling cars to as much as £25 a day. The… - Apr-03
Ford focuses on global integration
Ford Motor plans to integrate its global purchasing and product development units closely as part of a drive to break down the Detroit carmaker’s long-standing… - Apr-03
UAW STRIKE AT AMERICAN AXLE
American Axle, UAW resume contract talks
AUTOMOTIVE NEWS
American Axle & Manufacturing Holdings Inc. and the UAW resumed full bargaining on Wednesday to try to reach an agreement to end a 6-week strike at five unionized plants in…
Delphi may ask court to enforce investment plan
Delphi Corp. said on Wednesday it may ask the U.S. Bankruptcy Court to force equity investors led by Appaloosa Management LP to go through with a $2.55 billion investment p… [REG]
Toyota and GM recall 660,000 cars for window defect
Toyota Motor Sales U.S.A. Inc. and General Motors are recalling than 660,000 cars built for the 2003-04 model years to repair side window hardware.Â
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Bill requiring minimum auto sound levels expected
Legislation setting a minimum sound level for vehicles sold in the United States by as early as 2010 is expected to be introduced today in the U.S. House of Representatives. Â
Ford wins over critics with greenhouse pledge
A group of activist investors including the state of Connecticut on Wednesday dropped a campaign targeting Ford Motor Co. after the No. 2 U.S. automaker detailed plans for cutting greenhouse gas emissions over the next 12 years. Â
TRW to build Indiana plant for Ford work
TRW Automotive Holdings Inc. said it plans to build a new assembly plant near its current facility in Lafayette, Ind. The plant will supply steering gears for Ford Motor Co. heavy trucks starting in 2010. Â
GMAC moves to safeguard credit rating
DETROIT (Reuters) — In a move to avoid a possible credit ratings cut, control of GMAC’s insurance business will be transferred to an investor group lead by Cerberus Capital Management, the company said Tuesday. The plan is subject to internal and regulatory approvals.Â
Daimler sticks to 2008 forecast
Germany’s Daimler stuck to its 2008 and medium term earnings targets today, confident that its focus on premium cars would help it weather an economic slowdown.Â
Advantage Partners set to buy GST AutoLeather
Private equity firm Advantage Partners said on Wednesday it will buy U.S.-based GST AutoLeather, its first solo buyout outside of Japan. Â
UAW STRIKE AT AMERICAN AXLE
GM will use Mexican axles to reopen 2 plants
General Motors is reopening two assembly plants this month with axles supplied from Mexico by American Axle & Manufacturing Holdings Inc., sources have told Automotive News. Â
U.S. car makers try to repeat green halo of Prius
Toyota Motor Corp. wants to build on the success of the Prius, the leading hybrid vehicle in the United states, creating a challenge for rivals such as Honda Motor Co. and General Motors, which are seeking a share of the projected boom in greener cars. Â
German supplier tries to gain from market changes
German supplier Kolbenschmidt Pierburg AG sees toughening fuel economy standards and shifting consumer preferences in the United States as a potential boon for its business. Â
U.S. summer gas use down first time in 17 years
Record gasoline prices and a contracting U.S. economy will reduce summer gasoline demand for the first time in 17 years, the government’s top energy forecasting agency said Tuesday. Â
Hyundai opens $1 billion China plant
Hyundai Motors opened a $1 billion plant in China on Tuesday with partner Beijing Automotive, part of an aggressive expansion that could turn the mainland into its largest overseas market by 2010.
Conti mulls sale of fuel supply business
German auto parts giant Continental is considering a disposal of its Fuel Supply Systems business, sources familiar with the situation said today. “Conti wants to sell the operations but only at a reasonable price,” one person said. Â
UAW STRIKE AT AMERICAN AXLE
American Axle and UAW to resume full bargaining
American Axle & Manufacturing Holdings Inc. on Monday said it would resume full negotiations between company representatives and a bargaining team for the UAW on Wednesday.
Nissan enters N.A. light commercial vehicle business
Nissan North America Inc. today said it will enter the light commercial-vehicle segment with three new vehicles. The first of the three all-new products — designed specifically for North America — is expected to be launched in the first half of 2010, Nissan said.
UAW STRIKE AT AMERICAN AXLE
GM to reopen pickup plants
General Motors is reopening two pickup truck assembly plants as it shifts its dwindling supply of axles into pickup production and away from SUVs. The pickup plants are in Fort Wayne, Ind., and Oshawa, Ontario.
Happy year for automobiles and glorious age of car fashion. Here you will see the most beautiful cars and visit the most brilliant exhibitions of auto. Auto outfits the world with its wheels and makes the world free of walking. When the imagination and enthusiasm come together, auto comes into people’s life.
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