ANALYSIS-Credit crunch hits US auto market's weak link ( Wed, 08 Oct 2008 02:09:07 +0200) By Poornima Gupta and David Bailey DETROIT, Oct 7 (Reuters) - The next shakeout in the American auto industry has started to play out on Main Street as Read more
ALMS Green Challenge debuts: ( Mon, 06 Oct 2008 18:17:00 +0200) The American Le Mans Series' much-vaunted Green Challenge arrived at Road Atlanta with a flurry of national media coverage and a bevy of government high rollers--complete with dark-suited bodyguards in one case. Read more
Steady Q4 Output Plan Follows Big Q3 Underbuild ( Fri, 03 Oct 2008 19:35:49 +0200) The latest look at scheduled North American vehicle output shows steady Q4 volume, following losses totaling 109,000 in August-September. Read more
Andretti Green Racing to Field A1GP Team: ( Thu, 02 Oct 2008 20:18:00 +0200) Andretti Green Racing announced today (Oct. 2) that it will field an American team in the A1 Grand Prix Series. A1GP pits teams from various countries against each other, with the emphasis on team rather than individual drivers. Read more
Ford to use common sourcing for its N. American, European cars ( Thu, 02 Oct 2008 01:35:00 +0200) The North American Ford Fiesta coming in early 2010 will share 78 percent of its components with its European sibling, said Tony Brown, Ford Motor Co.'s group vice president for global purchasing. Read more
It's all about small cars in Paris ( Wed, 01 Oct 2008 08:43:41 +0200) Paris is for the petite. Little cars will be the stars of this week's Paris auto show, which kicks off the auto-show season. (It's less than 3 1/2 months to Detroit's big gig, formally known as the North American International Auto Show.) Read more Cory Farley: Who's Driving What? ( Tue, 30 Sep 2008 09:30:00 +0200) Back in the day, there were two kinds of American car guys. In one camp were the Chevy men; in the other, Ford disciples. The two segments were large, and largely immiscible. Read more
House votes today on bailout compromise ( Tue, 30 Sep 2008 00:11:00 +0200) After reaching a compromise to pump $700 billion into the world's financial markets, lawmakers took on an even tougher task Sunday: selling the pact to skeptical colleagues and wary Americans. Read more House votes today on bailout compromise ( Mon, 29 Sep 2008 17:52:13 +0200) After reaching a compromise to pump $700 billion into the world's financial markets, lawmakers took on an even tougher task Sunday: selling the pact to skeptical colleagues and wary Americans. Read more Buffett firm says may be keen on lifting BYD stake ( Mon, 29 Sep 2008 11:22:00 +0200) HONG KONG, Sept 29 (Reuters) - MidAmerican Energy, a unit of billionaire investor Warren Buffett's Berkshire Hathaway , is keen on expanding its just-acquired Read more Bailout plan to face big spotlight today ( Mon, 29 Sep 2008 08:33:16 +0200) After reaching a compromise to pump $700 billion into the world's financial markets, lawmakers took on an even tougher task Sunday: selling the pact to skeptical colleagues and wary Americans. Read more BMW's new 7 series: Timing may be all wrong ( Mon, 29 Sep 2008 05:01:00 +0200) BMW's new North American chief is worried about the launch of the redesigned 7 series next year. With credit markets collapsing, Jim O'Donnell, CEO of BMW (U.S.) Holding Corp., says he has little hope for increased sales of the flagship sedan. Read more
Mazda quits Ford Credit for Chase ( Mon, 29 Sep 2008 05:01:00 +0200) Mazda North American Operations and Ford Motor Credit Co. are parting ways. Starting next month, Mazda will use Chase Auto Finance as its chief source of financial services to U.S. dealers and customers. Read more
UPDATE 2-Buffett unit buys stake in HK battery firm BYD ( Sat, 27 Sep 2008 07:17:19 +0200) (Adds bylines, analyst comment, background) By Ilaina Jonas and Polly Yam NEW YORK/HONG KONG, Sept 26 (Reuters) - MidAmerican Energy Holdings Co, a unit Read more
Jaguar, Land Rover Name New North American President ( Fri, 26 Sep 2008 18:43:55 +0200) Jaguar says it is idling its Halewood, U.K., plant for a week at the end of October due to deteriorating economic conditions. Read more Mazda replaces Ford Credit with Chase as dealer lender ( Thu, 25 Sep 2008 16:13:00 +0200) Mazda North American Operations is dropping Ford Motor Credit Co. as its primary finance company. Starting next month, Mazda will use Chase Auto Finance as its chief source of financial services to dealers and customers. Read more Mazda names Chase Auto Finance as dealer lender ( Thu, 25 Sep 2008 16:13:00 +0200) Mazda North American Operations and Ford Motor Credit Co. are parting ways. Starting next month, Mazda will use Chase Auto Finance as its chief source of financial services to dealers and customers. Read more
Mazda drops Ford Credit, will finance with Chase ( Thu, 25 Sep 2008 16:13:00 +0200) Mazda North American Operations is dropping Ford Motor Credit Co. as its primary finance company. Starting next month, Mazda will use Chase Auto Finance as its chief source of financial services to dealers and customers. Read more
Jaguar Land Rover names new president of U.S. unit ( Thu, 25 Sep 2008 01:14:00 +0200) Gary Temple will serve as the next North American president of Jaguar Land Rover America LLC, the company said Wednesday in a statement. Read more
New Issue-American Honda Fin sells $1.25 bln in 2 parts ( Wed, 24 Sep 2008 21:57:09 +0200) Sept 24 (Reuters) - The American Honda Finance Corporation, a unit of Japanese automaker Honda Motor Co Ltd , on Wednesday sold $1.25 billion in two-part Read more Study: More car shoppers move toward Asian brands ( Wed, 24 Sep 2008 19:48:00 +0200) The trend of U.S. new-car buyers shopping for Asian brand vehicles more than for American vehicles picked up momentum this year, said a study released today. Read more INTERVIEW-UPDATE 1-Credit crunch hurts truck demand - Iveco ( Tue, 23 Sep 2008 20:47:02 +0200) *CEO sees 5-10 percent drop in W.Europe truck market in 2009 *Will decide in 12-18 months how to enter N.American market *Targets 15-20 percent volume Read more State party boss chides McCain for 'lying' about foreign cars ( Mon, 22 Sep 2008 19:42:00 +0200) LANSING -- Standing in front of 13 American-made cars in the Michigan AFL-CIO parking lot Monday afternoon, state Democratic Party Chair Mark Brewer chided Republican John McCain for "lying and pandering" to Michigan voters about his personal auto fleet. Read more
GM to 'pull back slightly' on all media in 2009 ( Mon, 22 Sep 2008 19:33:00 +0200) General Motors plans to cut its digital-media budget after dramatically increasing it in the past few years, the automaker's North American marketing chief told Advertising Age. Read more
BMW to cut volume and jobs in U.S. ( Mon, 22 Sep 2008 05:01:00 +0200) BMW's new North American chief wants to stop pushing for maximum sales volume in a declining market and#x2014; even if it means bringing 16 years of U.S. sales increases to a halt. BMW Group's U.S. Read more