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Nov
10th

Gadget charger feels the power

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When a gadget runs out of power it can be very frustrating – but if you have this latest Travel PowerCharger from Ring Automotive, you can revive it and worry no more.The small device features a pleasing rubberised texture and has a weighty, quality feel. Full story...
Nov
10th

Q&A: Bonding with 3M

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Novel adhesives, bonding techniques and tackling 'dimension creep' head-on are just some of the activities 3M's automotive engineers are currently working on. just-auto bonded with Simon Holmes to find out more. Full Story...
Nov
10th

AUSTRALIA: Automakers get government boost

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Australia's federal government has launched a A$6.2 bn package to help the company's automotive industry. Full Story...
Nov
10th

Visions of heaven and hell

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The AvtoVAZ plant here, 1,000km southeast of Moscow, is a unique mix of old and new car manufacturing. The factory's stamping, welding and final assembly buildings are like an automotive museum compared with similar facilities in the West. Full Story...
Nov
10th

Toyota’s Esmond to speak at congress

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Veteran Toyota sales executive Don Esmond will speak at the 33rd Automotive News World Congress in January in Detroit. Esmond, 64, is senior vice president for automotive operations at Toyota Motor Sales U.S.A. Inc. Full Story...
Nov
7th

Ford’s Mulally: Congress feels ‘a big sense of urgency’

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Automotive News Staff Reporter Amy Wilson spoke to Alan Mulally, CEO of Ford Motor Co., after the automaker posted a $3 billion quarterly after-tax operating loss and said its cash reserves fell by $7.7 billion during the third quarter. Full Story...
Nov
7th

October Auto Sales Screech to a Halt

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October Auto Sales Screech to a Halt
2008 October Auto Sales - Car Sales Analysis - Automobile Magazine
Of course, the Wall Street meltdown and attendant consumer credit freeze - not to mention tens of thousands of pink slips handed down in October - didn't just affect GM, or the domestic auto makers.

"You can't have an automobile industry without a functioning credit market." So said GM chief sales analyst Michael DiGiovanni, on Bloomberg radio. "This is an industry that runs on credit." That's been the case ever since the 1920s, when GMAC, one of the first automaker-owned financing companies, began to popularize the idea of buying a car "on time". Now, ironically, a dramatically weakened GMAC (which has suffered billions in losses on subprime home loans as well as losses from over-optimistic residual values on returning off-lease vehicles) is a significant factor in dragging down GM sales. GMAC followed Chrysler's captive financing arm by quitting the automotive lease market, and in October began restricting auto loans to only those customers with top credit scores (shutting out roughly 2 out of 3 buyers).


Photo Gallery: 2008 October Auto Sales - Car Sales Analysis - Automobile Magazine


Full story...
Nov
7th

Saleen Automotive, sans founder, puts itself up for sale

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Specialty car builder Saleen Automotive, the company that built the mighty GT for Ford Motor Co. and created dozens of high-performance classic Mustangs, is for sale.
Nov
7th

SandP cuts GMAC debt rating further into junk status

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Standard and Poor's today cut its ratings on GMAC LLC and its residential mortgage unit deeper into junk territory, citing "intense financial stress" at the automotive lender. GMAC said on Wednesday it lost $2.
Nov
7th

FEATURE: Motorsport and the auto industry; a case study in technology transfer

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The real links between Formula One and the automotive industry are often pushed by participating manufacturers but is there really a transfer of technology that benefits road users, and do the motorsport suppliers offer something that traditional suppliers cannot? just-auto has visited one motorsport firm that is successfully transferring its racing knowledge, expertise and products to the road.
Nov
7th

FEATURE: Motorsport and the auto industry – a case study in technology transfer

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The real links between Formula One and the automotive industry are often pushed by participating manufacturers but is there really a transfer of technology that benefits road users, and do the motorsport suppliers offer something that traditional suppliers cannot? just-auto has visited one motorsport firm that is successfully transferring its racing knowledge, expertise and products to the road.
Nov
6th

J.D. Power: W. Europe slump worse than early ’90s

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The steep decline in new-car sales in western Europe could be even worse than a slump in the early 1990s, a market forecaster says. J.D. Power Automotive Forecasting said western European new-car sales fell by 15.
Nov
6th

Detroit 3, UAW to seek cash and loans for VEBAs

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The top officials of the Detroit 3 and UAW were expected today to make a two-part pitch to House Speaker Nancy Pelosi and other lawmakers for emergency aid to the industry, a source familiar with the plan told Automotive News today.
Nov
6th

Q&A with Alcoa on wheels

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Since being rolled out by the Sumerians in around 3500 BC, the wheel has been constantly re-invented, writes Matthew Beecham. Styling flexibility, reduced weight and high quality are just some of the requirements automakers expect from their wheel suppliers today. To enhance wheel appearance, Alcoa has developed Dura-Bright technology, now available for its automotive forged aluminium wheel customers. The first to launch in Europe is Audi on its new A6 model. Alcoa's David Yates puts a good spin on Dura-Bright and how Alcoa Wheel Products is forging a growth business in Europe.
Nov
6th

GERMANY: Auto industry gets government support

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The German government has agreed a EUR12bn package to help the domestic automotive industry maintain its competitiveness in the current economic downturn and support employment levels, in particular.
Nov
5th

Study: 3 million auto industry jobs at risk

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Nearly 3 million Americans would lose their jobs in one year if the Detroit 3 eliminated their U.S. operations, a Center for Automotive Research study says. The report projected the toll on the U.S. economy if General Motors, Ford Motor Co.
Nov
5th

Obama’s automotive Job 1: An industry on the brink

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Even before President-elect Barack Obama is inaugurated in January, this week's election could help automakers that seek federal aid survive the recession. Obama has said he wants to meet before his inauguration with the Detroit 3's CEOs.
Nov
5th

THAILAND: Vehicle production predicted to fall

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Thailand's hitherto upbeat automotive sector could be about to see a reversal on the back of softening demand at home and in export markets.
Nov
5th

GERMANY: Rheinmetall reduces full year forecast on auto worries

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Rheinmetall has lowered its full year earnings forecast on the back of falling sales at its automotive business. Read more ...
Nov
5th

Conti sees more tie-ups in parts sector

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Continental expects the slump in the car industry to result in more takeovers among automotive-parts suppliers, the company's CEO said on Wednesday. Read more ...
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