Auto News 5

Anglo-Dutch automotive steel supplier Corus on Monday said it was axing about 3,500 jobs worldwide with 2,500 to go here in the United Kingdom. Full story...

Anglo-Dutch automotive steel supplier Corus on Monday said it was axing about 3,500 jobs worldwide with 2,500 to go here in the United Kingdom. Full story...

The 2009 outlook for Germany's car industry has suddenly brightened thanks to the unexpectedly quick impact of government growth-boosting measures, the head of the VDA automotive industry association said on Sunday. Full story...

According to Modern Casting magazine's annual survey (www.moderncasting.com), world production of metal castings was expected to exceed 100 million metric tons in 2007, the latest year for which good estimates are available. Industry guru, Kevin Kirgin - founder of Stratecasts Inc., Fort Myers, Fla. - puts 14m metric tons of this production in the United States (US) at a value of approximately $32.3bn. Kirgin says the value is expected to have risen to $34bn in 2008 and will rise to $42bn by 2017. SupplierBusiness reports. Full story...

Continental and Schaeffler Group will integrate their automotive businesses to create a "global champion" in the supplier sector, Continental said Saturday. Full story...

ThyssenKrupp AG said today it will begin producing carbon steel for automotive uses at a new Alabama factory in 2010, even as it delays production of stainless steel at the plant. Full story...

Supplier Dura Automotive Systems Inc., which emerged from Chapter 11 reorganization last summer, is taking the first step toward becoming a private company, according to regulatory documents filed late Wednesday. Full story...

Due to worsening economic conditions, FAW-Volkswagen Automotive has postponed a plan to boost annual production capacity in Chengdu, China, to 350,000 units. Full story...

Shanghai Automotive Industry Corp. expects to start mass producing its first hybrid before the end of 2010, sources say. The car will be refitted from SAIC's existing Roewe 750, says an SAIC source. Full story...

The UAW will sacrifice to help General Motors and Chrysler LLC get their federal loans, but doesn't expect to take lower wages, President Ron Gettelfinger said Wednesday night at the Automotive News World Congress. Full story...

The UAW will sacrifice to help General Motors and Chrysler LLC get their federal loans, but doesn't expect to take lower wages, President Ron Gettelfinger said tonight at the Automotive News World Congress. Full story...

The federal government needs to gradually increase gasoline taxes if it wants to decrease dependence on foreign oil and promote cleaner vehicles, the CEO of the nation's largest dealership group told the Automotive News World Congress today. Full story...

If automakers know their brand's core strengths and weaknesses and react quickly to events, they'll make it through the next 18 months, the CEO of Mazda North American Operations said today at the Automotive News World Congress. Full story...

As the auto industry weathers the current economic storm, it must prepare to take full advantage of the opportunities on the other side of the recession, Toyota sales executive Don Esmond told the Automotive News World Congress today. Full story...

As the auto industry weathers the current economic storm, it must prepare to take full advantage of the opportunities on the other side of the recession, Toyota sales executive Don Esmond told the Automotive News World Congress today. Full story...

General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress. Full story...

Automotive companies that wish to innovate their way into continued viability need to accept product ideas from all areas of their businesses -- and outside. "Invention may belong to randd, but innovation does not," Andrew Brown Jr. Full story...

General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress on Tuesday night. Full story...

General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress tonight. Full story...

General Motors will go to market with four core brands in the future: Chevrolet, Cadillac, Buick and GMC. Pontiac will be shrunk "significantly," a senior GM executive told the Automotive News World Congress tonight. Full story...