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Auto News 05/2009

High Premieres The Allure of the Automobile in Spring 2010 (Art Daily)
1937 Cadillac V16 "World's Fair" Aero-Dynamic Coupe. ATLANTA, GA.- “The Allure of the Automobile,” the first exhibition to consider the stylistic development of automobiles in the context of prominent design movements such as Art Moderne and Postwar Modernity, will premiere at the High Museum of Art in March 2010. The exhibition will present 18 of the world’s rarest and most brilliantly ...

Chrysler bankruptcy could cost industry (Richmond Times-Dispatch)
The face of the U.S. automotive industry continues to change as years of management woes and crumbling sales forced Chrysler LLC into bankruptcy and into the arms of Italian automaker Fiat. Auburn Hills, Mich.-based Chrysler filed for bankruptcy yesterday and announced a deal to sell itself to Fiat. The nation’s third-largest automaker will temporarily halt production.

Auto supply base faces threat (Detroit News)
Chrysler LLC's bankruptcy filing could break the backs of parts suppliers across North America, potentially disrupting production at other automobile manufacturers and dealing a massive blow to an industry already on the brink -- unless the federal government moves quickly to make more money available to them.

Obama won't flinch on reform (Detroit Free Press)
Obama to Detroit and Wall Street: This is hardball. By forcing Chrysler LLC into bankruptcy, President Barack Obama fired an unmistakable warning shot Thursday toward General Motors Corp., its bondholders, dealers, suppliers, unions and anyone else who didn't think Obama had the resolve to impose his will on the domestic automobile industry.

Fiat CEO confirms he wants alliance with Opel:
Fiat S.p.A.'s boss has confirmed that the automaker wants to form an alliance with General Motors' German subsidiary Opel.

Nice day for a drive (North Platte Telegraph)
The North Platte Telegraph In the early half of the 19th century, Ford and General Motors were considered the frontrunners in the automobile industry. However, by 1929 the Hudson Motor Company pulled into a close third, thanks in large part to its Essex automobile.

Research and Markets: 2009 U.S. Turbines & Turbine Generator Sets Manufacturing Industry Report (Business Wire via Yahoo! Finance)
DUBLIN----Research and Markets has announced the addition of the "2009 U.S. Turbines & Turbine Generator Sets Manufacturing Industry Report" report to their offering.

American Axle posts wider 1Q loss on industry woes (AP via Yahoo! News)
Auto parts supplier American Axle & Manufacturing Holdings Inc. on Friday posted a wider first-quarter loss as production cuts at automakers sent its sales tumbling.

NEWS BRAKE: Friday, May 1:
In today's News Brake: We take a look at where things stand now that Chrysler has filed for bankruptcy; the GTA Spano is ready to roll in Spain; and we catch a look at changes for the BMW 6-series ... But Wait, There's More!

Chrysler bankruptcy could cost industry (News & Messenger)
The face of the U.S. automotive industry continues to change as years of management woes and crumbling sales forced Chrysler LLC into bankruptcy and into the arms of Italian automaker Fiat.

Honda FCX Clarity: Don't be too quick to buy into the hydrogen myth:
We just spent the better part of a week in the fabulous Honda FCX Clarity hydrogen-fuel-cell vehicle. It is leaps and bounds beyond the science experiments that represented the first few rounds of fuel cells we remember from 20 or so years ago.

Visions of turnaround in automobile sector (Hindustan Times)
The automobile industry seems to be on the road to a recovery, albeit a slow one, in fiscal 2009-10, with all carmakers barring Mahindra Renault posting a growth in sales in April when compared to the previous year.

GM improves, Toyota slips as industry sales decline eases:
Ford, Honda and General Motors posted their smallest sales declines of the year in April, while Nissan and Toyota had their largest, as the industry improved from depressed levels of February and March.

Auto sales take another hard hit in April (Market Watch)
Major automobile makers post further sales declines for April, punctuating a brutal week for an industry that saw one of its icons plunge into bankruptcy and signs that a similar fate awaits its biggest U.S. player.

Chapter 11 talk a shadow on industry (Detroit News)
Hopes that automobile sales had bottomed out were squashed Friday when automakers reported more steep declines in April, with demand industrywide falling 34.4%.

Chrysler leads broad declines in April U.S. sales (The Journal News)
SAN FRANCISCO - The major automobile makers yesterday posted further sales declines in April, punctuating a brutal week for an industry that saw one of its icons plunge into bankruptcy and signs that a similar fate awaits its biggest U.S. player.

Chrysler leads declines in sales (Seattle Times)
The major automobile makers on Friday posted further sales declines last month, punctuating a brutal week for an industry that saw one of...

Amid auto sales gloom, glimmers of improvement (Baltimore Sun)
Amid gloom, however, glimmers of improvement The major automobile makers posted further sales declines in April on Friday, punctuating a brutal week for an industry that saw one of its largest companies plunge into bankruptcy and signs that a similar fate awaits its biggest U.S. player.

Nice day for a drive (North Platte Telegraph)
The North Platte Telegraph In the early half of the 19th century, Ford and General Motors were considered the frontrunners in the automobile industry. However, by 1929 the Hudson Motor Company pulled into a close third, thanks in large part to its Essex automobile.

New loan standards could help 70,000 more small businesses get loans (Beaumont Enterprise)
Struggles in the automobile industry sparked the U.S. Small Business Administration to make changes to the eligibility requirements for one of its loan programs, allowing more small businesses the chance to receive government-backed loans.

Dealers facing murky future (Bowling Green Daily News)
The automobile industry took another hit this week as Chrysler filed for bankruptcy, leaving both dealers and customers scratching their heads.

Nice day for a drive (North Platte Telegraph)
The North Platte Telegraph In the early half of the 19th century, Ford and General Motors were considered the frontrunners in the automobile industry. However, by 1929 the Hudson Motor Company pulled into a close third, thanks in large part to its Essex automobile.

Sheldon Filger: Chrysler Is Kaput (HuffingtonPost)
In just over half a century, how did Chrysler, and the wider domestic automobile industry, traverse the road from riches to ruin?

Maruti inks pact with Mohali institute (Business Standard India)
Maruti Suzuki India Limited (MSIL) has signed a memorandum of understanding (MoU) with Mohali-based BGS Institute of Science and Management. Under the agreement, the institute will cater to the needs of those who are aiming to make a career in the automobile industry, especially with Maruti.

Editor's Spotlight (Abilene Reflector-Chronicle)
The love affair with the American car has felt a powerful sting over the past seven months. I admit my self-professed infatuation with the automobile industry comes from my own family background.

Column : Price sensitivity on wheels (Express India)
Discounts seem to have become a part and parcel of the Indian automobile industry and a major deciding factor for sales across all major segments, especially passenger cars.

Bangkok Post : Minister: Auto industry still surviving (Bangkok Post - Thailand's English news)
Thai auto manufacturers have not gone out of business despite the severe impact from the global economic crisis, Industry Minister Charnchai Chairungrueang said.

Customized ERP soln for plastics molding industry (CIOL)
NEW DELHI, INDIA: Eastern Software System (ESS) has unveiled the customized version of its ERP solution, eBizframe suited to the requirements of the plastic molding industry.

2011 Mini Crossman illustrated:
Today, our illustrators have devised a rendition of what the 2011 Mini Crossman will look like, and it should fit in well within the brand’s lineup.

Ford delays diesel for F-150:
A diesel engine for the Ford F-150 light-duty pickup is looking dicey.

Some secured lenders object to quick sale of Chrysler:
A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A.

ONE FAST CHEF: Cooking (very well) with Corvette Racing :
Chef Jimmy Schmidt heads to the track caring more about winning than about great food, but the Detroit restaurateur is no ordinary caterer.

A movable feast:
Michael Symon--a Food Network Iron Chef, a James Beard Award winner and the owner of highly acclaimed restaurants in Cleveland and Detroit--is known for his trademark laugh, his affable and humble demeanor and his passion for fresh, real food.

NEWS BRAKE: Monday, May 4:
In today's News Brake: Fiat CEO Sergio Marchionne makes a pitch for GM Europe; we get a picture of the Mini Crossman; and Ford delays a diesel engine for the F-150 ... But Wait, There's More!

Guy Fieri: Food Guy, Car Guy--Good Guy:
Chances are you’ve seen Food Network celebrity chef Guy Fieri and his spiky white hair. You’ve probably seen his commercials for T.G.I. Friday’s or his talk-show appearances.

Bankruptcy will delay Chrysler's 2010 model launches, exec says:
Chrysler LLC will be late getting its 2010 vehicles to market because of the automaker's Chapter 11 bankruptcy filing, Chrysler manufacturing chief Frank Ewasyshyn testified today.

International Automobile Dealers Announce Monthly Sales (The Auto Channel)
ALEXANDRIA, Va., May 4, 2009; The American International Automobile Dealers Association (AIADA) today released April 2009 sales figures for the international automobile industry.

An Alternative Auto Industry Bailout (BusinessWeek)
Public money should not just go toward mending a broken system. It's time to challenge the conventional boundaries of the U.S. auto industry

(AFX UK Focus) 2009-05-05 02:22 Taiwan stocks open up, auto shares jump on reports (Interactive Investor)
TAIPEI, May 5 (Reuters) - Taiwan stocks opened up 3.59 percent on Tuesday, extending a rally that has seen them rise nearly 13 percent over the last two sessions, as automobile shares jumped after media reported surprisingly strong sales and that the industry would be one of the first open to investment from China.

Tire makers fight dumping claims[ (China Daily)
Chinese automobile tire producers and exporters are actively responding to the US investigation against them, with assistance from local industry associations and the Ministry of Commerce.

AUTO INDUSTRY: Shuttering Texas dealerships not the answer to industry’s financial problems (Fort Worth Star-Telegram)
Dealers aren’t responsible for the manufacturers’ financial woes and will be an important component in the U.S. auto industry’s recovery.

China drafting support plan for renewable energy industry (China Daily)
The Chinese government is working on a support plan for the renewable energy industry aimed at raising the country's wind power capacity to 100-150 million KWh by 2020, sources close to the plan making said on Tuesday.

Chrysler leads broad declines in April U.S. sales (The Journal News)
SAN FRANCISCO - The major automobile makers yesterday posted further sales declines in April, punctuating a brutal week for an industry that saw one of its icons plunge into bankruptcy and signs that a similar fate awaits its biggest U.S. player.

Frost & Sullivan Sees China Heading Toward 'Green' Cars (PR Newswire via Yahoo! Finance)
Held on April 22-28, the 13th International Automobile Industry Exhibition has become one of the most important global automotive industry events. 'Green' vehicles seem to be one of the highlights of the just-concluded show.

Penske interested in bidding on Saturn, report says:
Racing car legend and automotive entrepreneur Roger Penske is a possible bidder for General Motors' Saturn brand, The Wall Street Journal reported this evening on its Web site, citing people familiar with the situation.

Two-wheel heaven: Quail plays host to first motorcycle event this weekend:
The Quail: A Motorsports Gathering is getting a two-wheel counterpart this weekend.

'Is seniority killing the airline industry?' (USA Today)
That's the question asked by BusinessWeek Traveler's Check columnist Justin Bachman. He writes that "for decades it's been a maxim of the airline industry that workers are captive, bound by a seniority system that doles out the choicest wages and...

NEWS BRAKE: Tuesday, May 5:
In today's News Brake: In an exclusive interview, GM CEO Fritz Henderson talks about the future of the Corvette; Chrysler says its 2010 models will be delayed; and Roger Penske is gazing at Saturn ... But Wait, There's More!

Democrats cut deal on cash-for-guzzlers measure:
Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.

Frost & Sullivan Sees China Heading Toward 'Green' Cars (The Auto Channel)
SHANGHAI, May 5, 2009 -- Held on April 22-28, the 13th International Automobile Industry Exhibition has become one of the most important global automotive industry events. 'Green' vehicles seem to be one of the highlights of the just-concluded show.


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