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Auto News 10/2009

ClearSide Opens for Automobile Business in California (Insurance Journal)
A new company named ClearSide General has opened in California, specializing in personal lines automobile coverage. The new company was started with the aim of servicing "the needs of the ...

Prices drop at classic-car auctions--but not as much as predicted:
The final tallies are in for five of the six August auctions in Monterey, Calif. (More on that sixth auction later.)

Barrett-Jackson audits 2008-09 auction results:
Barrett-Jackson Auction Co. is opening the books on its 2008-09 auction season for an independent review by auditors from Deloitte and Touche.

Vehicle sales in Japan rise for second month (AFP via Yahoo! News)
Vehicle sales in Japan rose year-on-year for a second straight month in September, driven by government incentives for low emission cars aimed at boosting the flagging industry, data showed on Thursday.

VAMA says car import fraud is rife (Vietnam Net)
VietNamNet Bridge – The Vietnam Automobile Manufacturers’ Association (VAMA) has requested ministries clamp down onwidespread import frauds.

Penske abandons Saturn, and Fiat likes Ram as a brand, in AutoWeek's News Brake for Thursday, Oct. 1:
In today's News Brake: Penske abandons Saturn, Fiat likes Ram as a brand, and a Duramax drought looms . . . But Wait, There's More!

Barrett-Jackson followed auction practices, probe finds:
Independent auditors found that Barrett-Jackson Auction Co. complied with proper auction practices during the 2008-2009 season, the company said on Thursday.

Gurley Leep of Mishawaka undaunted by possible Saturn loss (22 WSBT South Bend)
MISHAWAKA — The Gurley Leep Automotive Family has had more than its share of blows in the downsizing that has happened in the automobile industry.

Solera Holdings, Inc. Successfully Completes Acquisition of AUTOonline GmbH Informationssyteme (PR Newswire via Yahoo! Finance)
Solera Holdings, Inc. , the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has completed the acquisition of 85% of the share capital of AUTOonline GmbH Informationssyteme, a leading European eSalvage vehicle exchange platform from DEKRA Automobil GmbH and other sellers.

GM, Chrysler sales fall more than 40 percent; Ford, Honda also slip:
The biggest automakers posted some of the sharpest U.S. sales declines in September as demand dropped in the aftermath of the federal government's cash-for-clunkers program.

Japan vehicle sales up (Business Times (Malaysia))
TOKYO: Vehicle sales in Japan rose year-on-year for a second straight month in September, driven by government incentives for low emission cars aimed at boosting the flagging industry, data showed yesterday. The Japan Automobile Dealers Association (JADA) said 321,737 new cars, trucks and buses were sold in the country last month, compared to 198,265 units in August when sales showed the first ...

Competition at heart of loss of Saturn (Pittsburgh Post-Gazette)
The collapse of the Penske Automotive Group's efforts to purchase Saturn can be traced to the reluctance of one large automobile company to help a fledgling competitor, auto industry analysts

International Automobile Dealers Announce Monthly Sales (The Auto Channel)
ALEXANDRIA, Va., Oct. 1, 2009; The American International Automobile Dealers Association (AIADA) today released September 2009 sales figures for the international nameplate automobile industry.

Solera Holdings, Inc. Successfully Completes Acquisition of AUTOonline GmbH Informationssyteme (The Auto Channel)
SAN DIEGO, Oct. 1, 2009 -- Solera Holdings, Inc. , the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has completed the acquisition of 85% of the share capital of AUTOonline GmbH Informationssyteme, a leading European eSalvage vehicle exchange platform from DEKRA Automobil GmbH and other sellers.

Lutz, panelists to discuss auto future (Midland Daily News)
The following are the panelists who will be discussing the current state and future of the automobile industry during a VIP Panel Discussion at 9:30 a.m. at the Griswold Lecture Hall Friday. It is open to the public.

2009 Subaru Tribeca Limited, an AutoWeek Drivers Log:
EXECUTIVE EDITOR WES RAYNAL: After the Tribeca's 2008 restyle, it looks like it comes from Chrysler, which is a huge improvement over the old one that was Pontiac Aztekian in its ugliness.

2010 Ford F-150 SVT Raptor, a truck of prey :
Over the years, the Ford Special Vehicles Team built its reputation on how well its performance-tuned cars and trucks carved up the road.

Toyoda says company is and#8216;grasping for salvation', fears big sales loss:
Toyota President Akio Toyoda said that the money-losing automaker is and#8220;grasping for salvationand#8221; as it struggles to return to profit.

New vehicle sales fall 19.5 percent in year to September (Independent Online)
South African total industry new vehicle sales plunged by 19.5 percent to 35 931 units in September compared with the same month in the previous year, the National Association of Automobile Manufacturers (Naamsa) said on Friday. - Reuters

Lotus confirms specs and pricing for 2010 Exige S 240 :
The latest speed demon from Lotus, the 2010 Exige S 240, will start at $65,690 when it goes on sale in the United States in this fall.

Green three-wheelers may get Energy Department funding:
Aptera Motors, Elio Motors and other companies developing fuel-efficient three-wheeled vehicles got a boost from Congress this week in their quest for federal funding.

The Lotus Exige S 240 prepares for a fall launch, and Toyota faces its problems, in News Brake for Friday, Oct. 2:
In today's News Brake: The Lotus Exige S 240 is priced and ready to go this fall, Ferrari hints at future products, and Toyota's boss faces the automaker's problems . . . But Wait, There's More!

France Rolls Out Plan To Boost Electric Car Industry (redOrbit)
On Thursday, the French government announced its plan to invest 1.5 billion euros ($2.2 billion USD) in building up a nationwide infrastructure for the roughly two million electric and hybrid automobiles that it hopes to see on the road by 2020.Of the roughly 30 million cars on French highways,

Nissan sketches future compact car plans:
Nissan has unveiled a sketch of a compact car that it plans to sell around the world.

Chevrolet expected to reveal plans for new police car, possibly based on the Pontiac G8:
Chevrolet is expected to reveal plans for a new, rear-drive police car on Monday--and it could be based on the doomed Pontiac G8, Automotive News reports.

Renault says Saturn supply deal and#8216;just didn't add up':
In the eleventh hour of Roger Penske's venture to acquire Saturn from General Motors Co. to keep the brand alive, Renault's executive committee in France concluded, and#8220;Ca fait deux.and#8221;

Airline Industry Wary of Proposed Cap-and-Trade System (CQPolitics.com via Yahoo! News)
The airline industry is pushing back against the Senate's climate change bill, claiming a proposed cap-and-trade system could cost carriers them as much as $5 billion.

General insurers expect 10% growth in premium this year (Business Standard India)
With automobile sales recovering, the general insurance industry is expecting a 10 per cent growth in premium collection in the current financial year.

China tycoon resurfaces in US with green car plan (AP via Yahoo! Malaysia News)
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ago, he fled to the U.S. fearing arrest for alleged economic crimes. Now, Yang is plotting a comeback as a hybrid car maker in the U.S. _ a venture requiring billions of dollars that could face daunting odds amid a weak economy and against ...

Indian firms seek local partners (Việt Nam News)
HA NOI — Fifty Indian businesses led by the Federation of Indian Chamber of Commerce and Industry are visiting Viet Nam to seek co-operation opportunities, according to the Indian Embassy in Viet Nam.

Hybrid Kinetic Motors seeks letter of intent; Baldwin commissioners to vote Tuesday (Mobile Press-Register)
BAY MINETTE, Ala. -- Hybrid Kinetic Motors will seek written support from Baldwin County commissioners Tuesday for the Chinese company's plans to use a local manufacturing megasite for an ambitious move into the hybrid automobile industry.

China tycoon resurfaces in US with green car plan (AP via Yahoo! News)
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street.

After fleeing China, auto tycoon resurfaces in US with glowing green ambitions (Minneapolis-St. Paul Star Tribune)
HONG KONG - Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ago, he fled to the U.S. fearing arrest for alleged economic crimes.

China tycoon resurfaces in US with green car plan (San Francisco Chronicle)
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ago, he fled to the U.S. fearing arrest for alleged economic crimes. Now, Yang is plotting a comeback as... Sponsored Topics: Wall Street - China - United States - Yang Rong - US

General insurers expect 10% growth in premium (Central Chronicle)
Agencies Mumbai, Oct 4: With automobile sales recovering, the general insurance industry is expecting a 10 per cent growth in premium collection in the current financial year.

China tycoon resurfaces in US with green car plan (AP via Yahoo! News)
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street.

INDUSTRY & ECONOMY (The Hindu)
FOODS & FOOD PROCESSING: Bengal may amend APMC Act Processing firms to procure farm produce through SHGs. The West Bengal Government may amend the Agricultural Produce Marketing Committee (APMC) Act this year to allow food processing companies to procure farm produce from farmers through self ...

Small Business Makeover: Manny's Auto Sound (Miami Herald)
Twenty-five years ago when Manny and Barbara Diaz started their car-stereo installation business, the automobile industry seemed immortal: AMC had just introduced America's first SUV; Ford's new souped-up Mustang, with its V-8 engine was sweeping showrooms; Japanese cars were beginning their ascension; and the country's favorite action hero was a 1982 Pontiac Firebird named KITT.

Audi will build electric sports car:
It's official: Audi's e-tron is a go.

Saturn done in four months:
General Motors Co. has halted production of Saturn cars and crossovers and plans to sell the thousands of Saturn vehicles it has in stock within the next four months.

Ram brand created, Gilles to head Dodge cars, Fong leaves in Chrysler shakeup:
Chrysler Group has created a new brand called Ram for its trucks and named its top designer, Ralph Gilles, as CEO of Dodge cars.

Chevrolet Caprice returns to police beat :
The Chevrolet Caprice is back on the police beat.

VAMA claims tax fraud, importers angry (Vietnam Net)
VietNamNet Bridge – Car importers have denied the Vietnam Automobile Manufacturers’ Association’s (VAMA) accusations of tax fraud. Meanwhile, VAMA’s call for limiting car imports has not received government support.

China Tycoon Pursues U.S. Hybrid Car Plan (New York Times)
Yang Rong was once celebrated as a pioneering automobile entrepreneur who founded the first Chinese company to be listed on Wall Street. Then, seven years ago, he fled to the U.S. fearing arrest for alleged economic crimes.

Dodge gets a split personality, and Audi's e-Tron lives, in AutoWeek's News Brake for Monday, Oct. 5:
In today's News Brake: Dodge gets a split personality, GM shuts down Saturn, and the Audi e-Tron is a go . . . But Wait, There's More!

Auto industry turning around, GM's Lutz says (The Bay City Times)
MIDLAND — Robert A. Lutz, vice chairman of marketing and communications for General Motors Co., says it is a “tragedy” to shut down Saturn, but the U.S. automotive industry has turned a corner.“I think we’ve actually passed the bottom,” he...

Maryland Automobile Dealers Association amp; Shockley Honda Donate CPR Training Mannequins to Guardian Hose Fire ... (PitchEngine)
ANNAPOLIS and FREDERICK, MD The Maryland Automobile Dealers Association MADA and Shockley Honda of Frederick are presenting the Guardian Hose Fire Company of Thurmont with a set of new Resusci Anne CPR training mannequins. The life-like devices provide real life simulation and performance measures so that volunteers can quickly sharpen their skills in performing CPR, the Heimlich maneuver and...

Color Conscious: Hues show off new technology, segments:
Henry Ford was quite content to offer one color on the Model T--black. Take it or leave it, as the legend goes.

Solera Holdings, Inc. to Acquire AUTOonline GmbH Informationssyteme; Acquisition Will Further Enhance Its Product and ... (The Auto Channel)
SAN DIEGO, Sept. 17 -- Solera Holdings, Inc. , the leading global provider of software and services to the automobile insurance claims processing industry, today announced that it has signed a definitive agreement to purchase up to 100% of the capital stock of AUTOonline GmbH Informationssyteme, a leading European eSalvage vehicle exchange platform from DEKRA Automobil GmbH and other sellers.

Tokyo Motor Show aims to shrug off auto industry blues (Independent)
(Relaxnews) - Amid one of the worst slumps in the auto industry's history, organizers of the 21st Tokyo Motor Show are looking to inject new enthusiasm into the exhibition with the unveiling of 39 world premieres and a range of new events.


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