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Aug
4th

Detroit convention center to get upgrades for auto show:

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For now, the Motor City will retain its spot on the calendar of international auto shows, as plans to upgrade the aging convention center where it's held annually will move forward. Full story...
Aug
4th

Clunkers deals are day-to-day for this Minnesota dealer

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Minnesota megadealer Paul Walser has done about 800 clunker deals so far and knows he is risking a lot of his cash with each additional day he participates in the program. Full story...
Aug
4th

Chrysler’s new problem is vehicle shortage

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A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities. Full story...
Aug
4th

Nervous dealers keep doing clunkers deals

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Dave Wilson, owner of Preston Automotive Group in Preston, Md., is still selling vehicles under the government-sponsored cash-for-clunkers program. But he's nervous about it. Full story...
Aug
4th

Ford cuts factory spending 50% over two years, exec says

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Ford Motor Co. has cut its capital costs for factories and vehicle-building equipment by 50 percent over the past two years, said Bruce Hettle, Ford's executive director of manufacturing engineering. Full story...
Aug
4th

Ford cuts factory retrofit spending 50% over two years, exec says

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Ford Motor Co. has cut its capital costs for factories and vehicle-building equipment by 50 percent over the past two years, said Bruce Hettle, Ford's executive director of manufacturing engineering. Full story...
Aug
4th

Clunkers could push August selling rate to 13 million, analyst said

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The cash-for-clunkers program could push the annualized U.S. selling rate to 13 million in August, J.P. Morgan Securities analyst Himanshu Patel says. Full story...
Aug
4th

Clunkers could push August selling rate to 13 million, analyst says

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The cash-for-clunkers program could push the annualized U.S. selling rate to 13 million in August, J.P. Morgan Securities analyst Himanshu Patel says. Full story...
Aug
4th

RUSSIA: GAZ eyes new Iran LCV deal

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Russian automaker GAZ Group is working on a new deal to supply vehicles to Iran, Oleg Markov, director for sales and marketing at the group's commercial vehicles division, said on Tuesday. Full story...
Aug
4th

GERMANY: Opel talks could drag on

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General Motors and the German government started new talks today (4 August) to try and decide on the successful bidder for Opel. Full story...
Aug
4th

GERMANY: Heavy truck outlook not bright – Daimler

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Daimler's market leading trucks business aims to halt its losses soon even though the global market shows no signs of a quick rebound, division head Andreas Renschler has said. Full story...
Aug
4th

More cash is likely for clunkers program, and Lotus is charged, in News Brake for Tuesday, August 4:

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The Senate appears poised to pump more money into the cash-for-clunkers program, Mercedes could bail on Formula One, and Lotus offers new supercharging kits . . . But Wait, There's More! Full story...
Aug
4th

INDIA: Hyundai frets over Europe FTA

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Hyundai India is concerned at the possible effects on its exports to the continent if a free trade agreement (FTA) between the European Union and South Korea goes ahead. Full story...
Aug
4th

Dealers’ clunker payments start today, feds say

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Dealers will start getting reimbursed today for cash-for-clunkers credits paid to consumers, Secretary of Transportation Ray LaHood said today. "We fixed our Web site problems," LaHood said at a news conference here. Full story...
Aug
4th

Dealers’ clunker payments begin

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Dealers will start getting reimbursed today for cash-for-clunkers credits paid to consumers, Secretary of Transportation Ray LaHood said today. "We fixed our Web site problems," LaHood said at a news conference here. Full story...
Aug
4th

SOUTH KOREA: Hyundai denies third China plant decision

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Hyundai Motor making a decision on a third factory in China, following a local internet report, citing an unnamed industry source, that said it was talking with Chinese companies about the plant. Full story...
Aug
4th

NEW ZEALAND: New car sales trend up

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New passenger vehicle sales in New Zealand continued their upward trend in July with a modest increase of 3.8% over the registration figures in June this year. Full story...
Aug
4th

AUSTRALIA/UK: Former Ford chief Nasser goes mining

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Former Ford CEO Jac Nasser is joining global mining group BHP Billiton as its new chairman. Full story...
Aug
4th

Ohio dealers say clunker surge is slowing down

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Just as Dennis Hyundai learns how to handle the surge of customers wanting to swap clunkers for new cars, showroom traffic has begun to slow down. Full story...
Aug
4th

Ohio dealer says clunker surge is slowing down

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Just as Dennis Hyundai learns how to handle the surge of customers wanting to swap clunkers for new cars, showroom traffic has begun to slow down. Full story...
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