Auto Industry News Review March 2010

Posted on March 17, 2010
Filed Under News

Tuesday 16 March 2010
• Volkswagen has its own portfolio, responsible for the R models and aftermarket styling kits, R GmbH (Volkswagen) renamed
• Tata Motors announced, a 59% increase in sales in February – up to 89,768 vehicles. The 17,197 Jaguar and Land Rover, even up to 60% compared to February, before (Tata) has

Monday, March 15, 2010
• All changes to two Brit sports car specialists Ginetta the northern company today confirmed it had purchased to the south-west base Farbio, manufacturer of the GTS (nee Farboud) (Ginetta)
• Nissan has today confirmed it would be fifth global design center in China Add. The styling studio Beijing will initially employ 20 designers (Nissan)
• Lotus Cosworth and will work with established KV Racing Technology IndyCar outfit work in the IndyCar series in 2010 in the United States. The Lotus-Cosworth Indy Car racing to use the classic green and yellow livery (Lotus)
• The UK road infrastructure needs a “radical reform,” warns the CBI business group today. It proposes staggered commuting times, increased car-sharing and more work from home, if the UK to remain competitive (BBC News)
• Chinese automaker BYD has booked a record contract fourth quarter profit of 1.46 billion yuan (214 million), according to AP (Automotive News)

Friday 12 March 2010
• Business Secretary Lord Mandelson has given a £ 270m bail GM Europe announced by the British government to secure future Vauxhall. “We have to Vauxhall car production as part of the British base grow and the negotiations with GM Europe’s next I’m sure he’ll do it,” Mr Mandelson said in a statement (Ministry of Economy, Innovation and Skills)
• Toyota has been forced to set out his hand over 2006, a memo to then-CEO Katsuaki Watanabe from the union of the workers concerns about costs and the use of temporary workers (The Telegraph)
• Volkswagen and BMW have both a decrease in profits for 2009. VW announced profits of £ 872m, 80% and BMW Group says profit of £ 191 million, up 36%. Both companies expect for 2010 (BBC)
• VW finance chief Hans Dieter Poetsch has plans to increase the company EUR 3.5 billion by issuing bonds and selling shares, how come the car manufacturers have the money to the purchase of Porsche (Automotive News full description)
• Chrysler and Fiat CEO Sergio Marchionne has 37-year-old named Laura Soave-to-head up and return Fiat to the U.S. after a 27-year absence. Your order comes with the Chrysler Group after a spell as marketing manager at Volkswagen (Bloomberg)
• Skoda is planning special coatings on the Roomster, Superb Yeti and production lines in the second quarter of 2010. Cuts were made by the bank in order to save money after a decline in the demand for scrapping scheme in Germany in January to the end. The Czech company sold a record 685,000 cars in 2009 (Automotive News Europe)
• EU passenger car production fell 17% in 2009, according to the Association of European Automobile Manufacturers released. She warned that production cuts would result in decrease in sales in 2010. UK production figures were strongest fall by one third (Reuters)

Thursday, March 11, 2010
• Toyota expects U.S. sales in March rose 30% to the rear of the increase in incentives introduced in order to convince buyers waivering to the beginning of the month. Sales dropped from 10% in February after Toyota Recall Problems (Automotive News)
• GM CEO Ed Whitacre said the company on track in the $ 8 billion loan from the U.S. and Canadian governments repayment before the June deadline. “We have restructured and the progress we have made, I believe, is unsustainable” (Reuters)
• GM is considering ditching the Daewoo name in the domestic market, South Korea, according to GM Daewoo President Mike Arcamone. “We are making some major changes in our strategy in our home market. Our domestic sales are not acceptable,” he told the FT (Financial Times)
• Hummer restart production for one month when General Motors recognizes a merchant order of around 800 vehicles. Production stopped initially in January, when finding a suitable buyer for the company. GM has said that it is still open to new offers (New York Daily News)

Wednesday 10 March 2010
• Geely has the £ 1.2 billion to buy Volvo has found, according to the Swedish business newspaper Dagens Industri. Chinese banks and regional authorities have the money to the company, but the final agreement between Ford Geely and must be signed yet (Reuters)
• Audi bosses are confident they can raise the 2009 profit of EUR 1.2 billion this year. Daimler a £ 2.3 billion loss in the same period, while BMW is expected to announce a small profit next week. Audi Chairman Rupert Stadler said: “With a return on sales before taxes of 6.5%, we stood out significantly in comparison with our competitors” (Financial Times)
• In the meantime, before the financial results, BMW has announced that it is a “definite growth experience is in almost all markets car, after a 14% increase in sales in February (Automotive News Europe)
• Saab is the placing of cars in North America after a six-month interruption in the supply after the sale to Spyker restart. The company also intends to tap 4-12% discount off the list price of its U.S. cars in order to stimulate demand. The new 9-5 SportCombi starts in the summer (Automotive News)
• Mazda is considering the installation of a Brake System Override remember about their new Toyota cars following problems. The braking system will give priority when both the brake and accelerator pedal is pressed (Automotive News)
• Mitsubishi plans, 100,000 EVs for Peugeot and Citroën on the basis of i-MiEV in the next five years to make. The exterior and interior styling for both models is expected to be amended by the i-MiEV, which goes on sale in the UK in 2011 (Automotive News)
• be CO2 emissions from new passenger cars sold in the UK scheme scrapped, one third lower than the cars that have replaced them, according to the Society of Motor Manufacturers and Traders. Scrapping accounted for approximately one fifth of sales in February (SMMT)

Tuesday 9 March 2010
• Toyota has rejected claims that remind dubious electronics 8m behind the car. Toyota held a press conference, she said yesterday at the Stanford University research, it was “no real world” evidence presented iffy electrics (BBC News)
• VW plans to increase its share of the passenger car market electric-0 to 3% in 2018. Exec CEO Martin Winterkorn said it planned “an unprecedented” drive into the EV market (Financial Times)
• Mazda’s new design boss Ikuo Maeda, held in the last April, has admitted to that he would like the RX-7 again to revive. “I’m a strong nostalgia for the RX-7 have again during my time, but the fact that we need the U.S. economy” (Automotive News)
• Daimler has its 5.3% stake in Tata Motors (Financial Times, sold)

Monday 8 March 2010
• Vincent Rambaud is the new Chief Executive Officer of Automobiles Peugeot from 2 April 2010, he is by Jean-Marc Gales report about CEO of PSA Peugeot Citroën. Rambaud is 51 and was previously head of the Latin American zone PSA (PSA)
• Gales said: “Vincent Rambaud’s international experience will be a strong factor in successfully managing the challenges of globalization by Peugeot, at a time when the mark on the strength of a new identity and a completely redesigned, expanded, resulting in a growth rediscover is dynamic “(PSA)
• Ferrari North America Marco Mattiacci new boss is confident that new models like the 458 Italia will spice up sales in the U.S. (Automotive News)
• Audi sales worldwide jumped 20% in February, the promotion of the Q1 performance. Worldwide sales and marketing boss Peter Schwarzbauer said China and Western Europe was the strongest performance areas (Automotive News Europe)
• has secured the new Jaguar XJ about 2,000 jobs in the West Midlands, says car industry to accelerate the body. Approximately 400 employees work on the Jaguar XJ, but accelerating, says each JLR five other city jobs supported in the supply chain (BBC News)
• New GM Chairman and CEO Ed Whitacre, AT & T is flying for free on corporate jets as part of its settlement with the telecom giant. Whitacre retired in 2007 with a $ 158 million package that lets him fly on AT & T’s corporate jet for up to 10 hours per month – private jets, bypassing the embarrassment of GM, which had planned, when the automakers asked for Washington one bail-out “(Detroit News)

Friday 5 March 2010
• More than 60 complaints from Toyota owners who claim their cars have been preserved even after inadvertently accelerated the repair of their Assemblies (Financial Times)
• Toyota President Akio Toyoda was wearing the uniform of an employee to 9000 employees in Japan address. He spoke of his appearance before the U.S. Congress and the wish to move forward to Toyota (BBC News)
• GM has some of its top managers as part of a shake-up rejected by up to 18 senior executives (Automotive News)
• car rental company Europcar has placed an order for 500 zero emission electric Renault (Renault)
• Ford plans to five full electric and hybrid cars built in Europe by 2013: the Ford Transit Connect Electric comes first confirmed in 2011, the Focus Electric in 2012, two new hybrids in 2013 and a full plug-in hybrid vehicles in 2013 (Ford)

Thursday 4th March 2010
• UK car sales back – February registrations rose by 26% with the same month last year. The trade body SMMT said 68,686 cars were sold last month, and Ford Fiesta and Focus were the best sellers (BBC News)
• Grandee GM Bob Lutz to retire becomes effective on 1 May. Lutz, head of product development worldwide, has already retired and then pulled a U-turn will help to pull GM out of bankruptcy. “It’s something the old one is about getting up at 4.30 clock in the morning,” he said at the Geneva show ON. “At some point you have to do something new” (Automotive News)
• Mitsubishi and PSA as a merger with a capital share, but in the end decided not to do. The chefs Philippe Varin and Osamu Masuko had been deep in the discussions it was decided, on Tuesday announced in Geneva they had a waiver of Capital Alliance (Detroit News)
• The Formula Renault team has announced a surprise collaboration with Lada (Renault)

Wednesday 3 March 2010
• Nissan calls nearly 540,000 pickups, minivans and sport utes, especially in the U.S. who may be faulty brake pedal pin and fix faulty fuel gage (BBC News)
• In the meantime, says Renault-Nissan CEO Carlos Ghosn, he is still searching for a global technology partner. He was dismissed three years ago by GM and Chrysler in the past year (Automotive News)
• BMW will lease up to 700 e-1-series to customers throughout the world, in the second wave of Project i electric car trials. It has already exported 450 electric Minis (Automotive News)
• Renault confirmed that come Dacia brand in the United Kingdom in 2012 (Renault)

Tuesday 2nd March 2010
• GM will contribute € 1.9 billion in restructuring of Opel and Vauxhall – more than triple its previous pledge of 600 million €. Opel CEO Nick Reilly said the payment would be funded by equity and loans, while Opel made enough money to operate in 2010 (Automotive News) are
• Ford has reported a 43% jump in U.S. sales in February, shooting it from arch-rival General Motors. GM by 12%, stock analysts remember the mobilization of the Toyota sold to customers in Detroit giants (BBC News)
• Fiat presents its new Twin-Air – a two-cylinder engine is invoked, the world’s cleanest gasoline engines. Sales start in the 500 in September, and it claims to be 30% cleaner than the other four-cylinder engines (Automotive News)

Share and Enjoy: