2010 Auto Industry News Updated

Welcome to Auto Industry News , as we have the seismic shift in the automotive industry to. Top tip: news summaries from the top Feb.

Thursday 25 February 2010
• The European Investment Bank has launched a £ 340 million loan to Jaguar and Land Rover. It is an eight-year loan for the development of micro-and full-hybrid drive to finance and new lightweight chassis technology (JLR)
• GM’s Hummer after the completion of the transaction to sell to the Chinese – as reported yesterday – fell through. GM refused to spread, why the Hummer sale failed, but said it was breaking up the company with immediate effect (BBC News)
news.bbc.co.uk/1/hi/business/8533827.stm
• President Akio Toyoda, Toyota broke into tears during his hearing of the Congress, a tearful Toyoda conceded that Toyota has to rethink “anything new”, as it would be structured as call for global security recall of approximately 8 million vehicles (Automotive News )
www.autonews.com/article/20100224/OEM/302249930/1147

Wednesday 24 February 2010
• The European automobile industry does not expect a quick recovery this year, warns, Daimler CEO Dieter Zetsche. In my capacity as President of the European trade body, ACEA, he warned that the economy in 2010 saw little improvement since 2009 was so awful (Automotive News Europe)
• Sichuan Tengzhong Heavy Industrial Machinery’s got too much to buy Hummer from GM in trouble, reports the BBC. Apparently, the Chinese government is treating the permission for the withholding tax. An announcement on 28 February because of (BBC News)
• UK car dealership group Pendragon reports stronger growth in uprmarket cars, including Mercedes and Maserati (Automotive News Europe)
• Toyota vows to respond faster to complaints from consumers, as bosses Congress (Automotive News) take
• Toyota President Okio Toyoda introductory remarks before his hearing conference to admit today that Toyota has expanded too fast (BBC News)
• GM is the driving force in advance and has invested 1.4 billion U.S. dollars in more than a dozen U.S. plants and created about 5,500 jobs since the bankruptcy in July 2009, reports local newspaper (Detroit News)

Tuesday, February 23, 2010
• Spyker was a brief press release at 3.39pm GMT today confirmed has completed the acquisition of Saab. Saab Automobile and Spyker cars are now sister companies under the roof of the Amsterdam-listed parent company Spyker Cars NV. Spyker CEO Victor Muller said: “We are delighted – Saab’s future is now secure. From now on we will be concentrating all our efforts on the revitalization Saab and transform them into a sustainable and profitable businesses with the confidence to be bold. We will strengthen the emotional experience between Saab drivers and their cars and we are on the historic strengths of Saab in the areas of independent thinking, concentrating aircraft heritage and environmental performance and racing. Through this acquisition we will add about € 15 per share in shares and 60 € of assets. With a well-financed business plan in place, we look forward to working with the management of Saab to the realization of this plan and bring exciting new products for our customers. Real Saab Saab Saab (Spyker)
• U.S. chief Jim Lentz, Toyota will start today’s Congress hearing on the questions of the politicians about the recall response, global chief Akio Toyoda is due tomorroow (BBC News)
• Toyota’s temporary suspension of production in France and the UK inventory, to remember how the crisis dents cut sales in key markets around the world (Automotive News)
• Cadillac wants in Europe after the dealer Kroymans relaunch plunged into bankruptcy in 2009 (Automotive News Europe)
Read more

Tags: Auto Industry, BMW, News, Toyota

Toyota/Subaru tie-up FT-86 Concept Unveils

subaru_toyota_ft_86_concept_20_12 With the approach of next month’s Tokyo Motor Show, Toyota released the first images and details of the new front-engine, rear-wheel drive two-door sports car, it is developing with the Subaru. First, as the debut of the FT – 86 Here we see the concept, designed to invoke the four well-known Japanese car manufacturer AE86 Corolla 20th century, 80 years, but with modern technology and style.

Under the hood resides a 2.0-liter flat-four Fuji Heavy Industries owns Subaru, is said to bear the load of multi-source for the vehicle manufacturer. 6-speed manual transmission sends power to the concept in the rear. The chassis is said to be a unique car, with “low center of gravity, racing and other processing.” Financial Times, riding on a 101.2 wheelbase 86 inches, with length, width and height test 163.8,69.3, and 49.6 inches, respectively. A at prices ranging from 20,000, is expected to base, the car hit the market at the end of 2011.

Although we have no other place to go, from now on, including the Subaru, Volkswagen brand variants of the design of the card is still reported that it is Lenovo’s FT – HS hybrid concept in 2006, is designed by Toyota’s ED2 actual writing studio in France. Overall, the Financial Times – 86 a liquidity lines, compact structure, and attractive, and we hope that significant change does not occur to produce movement. Inside the cabin will certainly be changed a lot, but as the trick of seats, digital instruments, and in the future may be more for the masses watering. There is one thing, we would like to remind the Toyota concept car left the news information: the words of the lead engineers in the United States Automotive News as saying, Financial Times – 86 special paint, is “a traditional Japanese monkey butt red color.” This is a great color, although we hope that this does not mean the car will be much the laughing stock of Tokyo (high-Oh!) for next month. Check back for more details, and the full show coverage from Japan.