Sunday, January 27th, 2008

AUTOSHOWFuji Heavy CEO says no new factories before 2011

(Repeats to additional subscribers)
Chang-Ran Kim, Asia auto correspondent
DETROIT, Jan 13 (Reuters) - Fuji Heavy Industries Ltd
(7270.T: Quote, Profile, Research), the maker of Subaru cars, is planning no new car
assembly plants before 2011 and instead will add capacity in
Japan to meet its goal of expanding sales by 17 percent [...]

Sunday, January 27th, 2008

Hyundai Mobis aims 23 pct growth in overseas sales

SEOUL, Jan 11 (Reuters) - South Korea’s Hyundai Mobis Co
(012330.KS: Quote, Profile, Research), Hyundai Motor Co’s auto parts affiliate, said on
Friday it was targeting a 23 percent jump in overseas sales this
year, helped by output from its new factories in China and India.
Hyundai Mobis said in a filing to [...]

Sunday, January 27th, 2008

UPDATE 1OReilly Auto Q4 samestore sales below plans

(Adds full-year figure, earnings release date)
NEW YORK, Jan 9 (Reuters) - Auto parts retailer O’Reilly
Automotive Inc. (ORLY.O: Quote, Profile, Research) on Wednesday said same-store sales
were lower than expected during the holiday shopping season
because of a slower economy.
The company said sales at stores open at least one year
rose 2.1 [...]

Sunday, January 27th, 2008

Hyundai hopes N. America sales top 500000 in 2008

DETROIT, Jan 13 (Reuters) - Hyundai Motor Co (005380.KS: Quote, Profile, Research)
wants to pass 500,000 vehicle sales in North America in 2008
and hopes to buck projections of weakness in overall industry
performance, a top executive said on Sunday.
“We were at 467,000 in 2007 and we’d love to break a
half-million. [...]

Sunday, January 27th, 2008

Chrysler bets big on revamped Ram pickup

DETROIT (Reuters) - With a herd of Texas longhorn ambling down a Detroit street as a backdrop, Chrysler LLC on Sunday unveiled an updated version of its best-selling full-size pickup truck, one the No. 3 U.S. automaker is banking on to drive more profitable sales in a tough market.
The new Dodge [...]

Sunday, January 27th, 2008

Volkswagen group sales rise to record 6.2 mln units

DETROIT (Reuters) - Volkswagen (VOWG.DE: Quote, Profile, Research), the world’s fourth largest carmaker, increased group vehicle sales by 7.9 percent to a record 6.189 million units last year thanks to growth at all 8 brands and forecast a further gain for 2008.
“There will be growth but whether it will be 8 [...]

Sunday, January 27th, 2008

UPDATE 1AUTOSHOWVolkswagen sells record 6.2 mln cars in 2007

(Adds details)
DETROIT, Jan 13 (Reuters) - Volkswagen (VOWG.DE: Quote, Profile, Research), the
world’s fourth largest carmaker, increased group vehicle sales
by 7.9 percent to a record 6.189 million units last year thanks
to growth at all 8 brands and forecast a further gain for 2008.
“There will be growth but whether it [...]

Sunday, January 27th, 2008

UPDATE 1AUTOSHOWVolkswagen sells record 6.2 mln cars in 2007

(Adds details)
DETROIT, Jan 13 (Reuters) - Volkswagen (VOWG.DE: Quote, Profile, Research), the world’s fourth largest carmaker, increased group vehicle sales by 7.9 percent to a record 6.189 million units last year thanks to growth at all 8 brands and forecast a further gain for 2008.
[...]

Sunday, January 27th, 2008

AUTOSHOWMercedes comes to Motown with modest SUV

By Marcel Michelson
DETROIT, Jan 12 (Reuters) - German luxury car brand Mercedes-Benz unveiled a small sports utility vehicle (SUV) on Saturday to pursue a profitable niche market as more carmakers target upgrades in off-road models for urban drivers.
The Mercedes Vision GLK [...]

Sunday, January 27th, 2008

GM to cut production if demand worsens exec

By Jui Chakravorty Das
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) will make additional production cuts in the United States if demand for vehicles comes in much softer than expected, the automaker’s head of North American operations said on Sunday.
Higher gasoline prices combined with a weak housing market have [...]