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Auto News 11/2008

Strike hits German auto industry (Channel 4)
Germany's largest industrial union has launched a series of co-ordinated strikes at automobile and electronics companies as it and employers spar over wage increases.

Union strike hits German auto industry (AP via Yahoo! Finance)
Germany's largest industrial union has launched a series of coordinated strikes at automobile and electronics companies as it and employers spar over wage increases.

Union strike hits German auto industry (INO News)
(AP:BERLIN) Germany's largest industrial union has launched a series of coordinated strikes in the struggling automobile sector as IG Metall and employers spar over wage increases.

Ailing auto industry a concern for both candidates (The Pantagraph)
WASHINGTON, D.C. -- In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival. | Election page

Electric dreams for 'green' driving (CNN)
The automobile is synonymous with the personal freedom and high standard of living of the consumer lifestyle. Greening the motor industry is about proving that that lifestyle is compatible with the fight against climate change.

Both candidates seen as friends of automotive industry (Reno Gazette-Journal)
WASHINGTON -- With thousands of auto workers in Rust Belt states, U.S. Sens. John McCain, R-Ariz., and Barack Obama, D-Ill., offer plans to develop advanced vehicles key to rebuilding U.S. automakers. Yet the next president might face decisions that run to the industry's very survival.

Next president faces big task: saving U.S. auto industry (San Diego Union-Tribune)
WASHINGTON – With thousands of autoworkers in Rust Belt states, Democrat Barack Obama and Republican John McCain offer plans to develop advanced vehicles key to rebuilding U.S. automakers. Yet the next president may face decisions that run to the industry's very survival.

McCain cautious on auto industry bailout (Washington Post)
WASHINGTON (Reuters) - Republican presidential candidate John McCain on Sunday declined to embrace the idea of $15 billion more in government aid for the struggling U.S. automobile industry but did not rule it out.

Ailing auto industry a concern for both candidates (The Pantagraph)
WASHINGTON, D.C. -- In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry' very core: their survival. | Election page

PM to discuss confidence-building steps with industry captains (Hindustan Times)
COMMENT ON THIS ! Your Views! As part efforts to shore up confidence eroded by the global financial rout, Prime Minister Manmohan Singh will on Monday meet leaders of India Inc in New Delhi, which may seek more measures to tide over the liquidity crunch.

'Automotive Industry in APAC - IT Market Assessment' Is Meant For IT Vendors to Help Them Identify Selling ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Automotive Industry in APAC - IT Market Assessment" report to their offering.

Auto industry a concern :Both candidates have plans to help ailing companies. (South Bend Tribune)
WASHINGTON -- In Rust Belt states home to thousands of autoworkers, Barack Obama and John McCain have offered plans to develop advanced vehicles key to rebuilding U.S. automakers. But the next president may face decisions that run to the domestic auto industry's very core: their survival.

The Bush administration made the right decision by refusing to help finance a GM-Chrysler merger and instead focusing ... (Fast Company Magazine)
Yesterday, the Treasury Department refused General Motor's request for up to $10 billion in assistance to fund a potential merger with Chrysler. GM's chairman, Wagoner, has been lobbying Treasury Secretary Paulson to extend the $700 billion bailout plan to the automobile industry. Instead however, the Treasury Department is shifting its focus on expediting the $25 billion loan for clean energy ...

Auto parts industry seeks U.S. loans (Detroit Free Press)
The U.S. auto parts industry asked the Bush administration Monday to set up a loan-guarantee plan for auto suppliers as part of the $700-billion financial bailout plan, as well as to speed $25 billion in loans for retooling.

New vehicle sales drop (Independent Online)
Despite the fact that October normally represented a seasonally reasonably strong month, automobile industry deteriorated significantly.

High Growth Forecasted for the Analysis of China Tyre Industry Market 2008 (Business Wire via Yahoo! Finance)
NEW YORK----Reportlinker.com announces that a new market research report related to the Car Parts industry is available in its catalogue.

European Chemical Makers, German Group, Signal Global Slowdown (Bloomberg)
Nov. 4 (Bloomberg) -- European chemicals makers predicted a more difficult year in 2009 and a group representing the industry in Germany lowered its sales outlook, signaling a global slump in demand.

Tenneco Posts Loss of $136 Million on Tax Charge (Update1) (Bloomberg)
Nov. 4 (Bloomberg) -- Tenneco Inc., the world's largest maker of automobile exhaust systems, posted a third-quarter loss of $136 million on sliding auto sales and costs to write down the value of future tax benefits.

EU industry chief voices concern for car producers (theParliament.com)
The global financial crisis has started to seriously hit the car industry in Europe, according to EU commission vice president Günter Verheugen.

China discusses prospect of automobile industry in WB (Outlook India)
A Chinese delegation today said it discussed the scope and prospect of the automobile sector in West Bengal.

Mazda ALMS team B-K Motorsports shuts down:
American Le Mans Series team B-K Motorsports announced that it will no longer operate, due to the retirement of owner Bob Bach. B-K led the ALMS program for Mazda North American Operations and MAZDASPEED Motorsports Development since 2005.

Mazda ALMS team B-K Motorsports shuts down:
American Le Mans Series team B-K Motorsports announced that it will no longer operate, due to the retirement of owner Bob Bach. B-K led the ALMS program for Mazda North American Operations and MAZDASPEED Motorsports Development since 2005.

Aluminium cos eye auto industry for major push (Express India)
With India set to emerge as one of the top five automotive markets in the world, the focus has shifted to clean and new technologies to offer the best for both customers and the industry.

Audatex Launches Next-Generation Business Intelligence Platform, Audatex(R) Insight(TM) (wallstreet:online AG)
Audatex North America, Inc. announced today its launch of the automobile claims processing industry´s

International Automobile Dealers Announce Monthly Sales (PR Newswire via Yahoo! News)
Overall Industry Sales fall Thirty-Two Percent

'Bhojpuri film industry won't shift from Mumbai under threat' (New Kerala)
By Jivraj Burman, Mumbai, Nov 5 : The Bhojpuri film industry, which is based in Mumbai, will not shift out despite the threat posed by the anti-north tirade of the Maharashtra Navnirman Sena (MNS) activists, asserts popular Bhojpuri star Dineshlal Yadav, alias 'Nirhua'.

President-elect Obama Faces Challenge of a "Planet in Peril" (Environment News Service)
OUT - Elizabeth Dole, North Carolina Republican Senator - Dole's lifetime LCV score is 12%. She is one of Big Oil's biggest Congressional allies, and has consistently voted to extend tax breaks and subsidies to the industry, weaken automobile fuel efficency standards, and eliminate any increase in renewable energy production.

Concours d’Elegance awards $3,000 to former ACE student (Bluffton Today)
The Hilton Head Island Concours d’Elegance Motoring Festival awarded two grants to help young people pursue careers in the automobile industry at a dinner at the Hilton Head Marriott Resort on Saturday.

FIA shakes up the rule book:
The FIA’s World Motorsports council met in Paris this morning and has changed a few things for 2009.

FIA shakes up the rule book:
The FIA’s World Motorsports council met in Paris this morning and has changed a few things for 2009.

American auto industry seeks help from House speaker (International Herald Tribune)
The heads of Chrysler, Ford and GM and the president of the United Automobile Workers are set to meet House Speaker Nancy Pelosi over aid for the companies.

Ford to proceed with expansion plans despite slowdown (New Kerala)
New Delhi, Nov 5 : Notwithstanding the economic slowdown and credit crunch, primarily responsible for retarded growth of automobile industry, Ford India today said it will 'go ahead' with its plan of investing 500 million dollars into the country and introduce a small car by 2010.

Car dealers see 'closed' in the future (Boston Globe)
Ford, General Motors , and Dodge dealerships northwest of Boston are among the latest casualties in an industry hit hard by tightened credit markets and plummeting car sales.

Jaguar Land Rover to cut 400 manufacturing jobs (Automotive Business Review)
Indian automobile manufacturer Tata Motorss UK-based subsidiary Jaguar Land Rover has announced plans to reduce around 400 additional jobs as the automobile industry downturn continues to worsen.

Toyota halves profit forecast due to 'unprecedented' crisis (AFP via Yahoo! News)
Toyota Motor Corp. said Thursday annual profits are expected to plunge more than two-thirds to the lowest level in nine years, warning the global auto industry faced an "unprecedented" crisis.

Ceramic Heater is suited for automobile industry. (ThomasNet)
Positive Temperature Coefficient (PTC) Ceramic Heater Pill provides instant heat within seconds of turning on cold car, eliminating idle time, which helps save fuel and reduce emissions. It is mounted in finned metal holder that heats up and warms air moved over its surface, and due to its inherent self-regulating characteristics, unit does not overheat. Heater pill can be used as cold start ...

Dana Corp. to lay off 5,000 (UPI)
TOLEDO, Ohio, Nov. 6 (UPI) -- U.S. automotive supplier Dana Holding Corp., said it would shutter 10 plants and furlough 5,000 workers to get through the slump in the automobile industry.

AutoNation shows the pain of automotive, dealership industry (The Sarasota Herald-Tribune)
Want to know the strains that the American automobile and dealership industry are feeling in this credit-strapped, struggling economy' Look no further than Florida's AutoNation Inc.

GM: Next 100 Days Critical for Auto Industry (WXYZ-TV Detroit)
A top executive for General Motors says the next 100 days will be a critical period for GM and the entire U.S. auto industry.

Car rental industry faces slump (Bangkok Post - Thailand's English news)
The local automobile rental industry will slump dramatically this year, for the first time in 12 years, due to the uncertain political and economic climate and volatile oil prices, said Nathee Vadtanakovint, president of the Thai Car Rental Association.

Saigon Autotech 2008 opens (Vietnam Net)
VietNamNet Bridge – A show for automobile and motorcycle industry in Vietnam (SAIGON AUTOTECH 2008) opened in Ho Chi Minh City on November 6. The show was jointly held by Vietnam Chamber of Commerce & Industry (VCCI) and the Asia Trade Fair & Business Promotion (ATFA) company.

AutoNation reports a $1.41 billion loss (The Sarasota Herald-Tribune)
Want to know the strains that the American automobile industry is feeling in this credit-strapped, struggling economy' Look no further than Florida's AutoNation Inc.

TOM WALSH: Little screen is headline horror show (Detroit Free Press)
Through the wonders of technology, my computer feeds me headlines and stories all day long about the automobile industry and other subjects in which I have declared interest. Unfortunately, that means on some days -- like Thursday and many others recently -- my PC becomes a little screen of horrors.

Expert: Terry Jackson (Bankrate.com)
It has been nearly two months since the Wall Street meltdown and the credit crunch shook up an already unstable automobile industry.

GM, Ford post losses as crisis deepens (MSNBC)
General Motors and Ford reported Friday that they hemorrhaged cash in the third quarter, offering more evidence that the nation’s automobile industry is on the brink of a meltdown.

Business urges backing for auto industry (The Hill)
Top business lobbies on Friday urged Congress to immediately rescue the beleaguered auto industry as Ford Motor Co. and General Motors...

OK, I'm glad we got hosed at the pump (CNET via Yahoo! News)
Long before I ever heard about personal computers, I was a huge fan of automobile design. When I was a kid, my room was jammed with miniature model cars I spent hours assembling, painting, and proudly putting on display.

GM and Ford losses, cash burn dire (Reuters via Yahoo! News)
General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday and said their rate of cash burn had accelerated, as an extended slump in car sales raised questions about the future of the U.S. auto industry.

Big crowds expected at South Florida International Auto Show despite downturn in industry (Sun-Sentinel)
Falling gas prices plus a display of cars from hybrids to over-the-top luxury models could drive turnout at this year's 38th South Florida International Auto Show.

How Dignified Work Was Run Into a Ditch (Washington Post)
I'm often chided for my passionate support of the domestic automobile industry. But I don't mind the ribbing.


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