Wednesday, June 11th, 2008

United Auto Workers Union Endorses Obama For President

The United Auto Workers international executive board has endorsed Democrat Barack Obama for president.
UAW President Ron Gettelfinger said Tuesday in a news release that Obama has given the country a positive vision for a better America and concrete plans to achieve it.
Gettelfinger notes the Illinois senator has pledged to rebuild the country’s manufacturing base and [...]

Saturday, May 31st, 2008

Minimum Auto Insurance Bill Stalls

A bill that would raise mandatory minimum auto insurance levels stalled in a Senate committee when its chairman declined to break a tie vote.
Louisiana law now requires car and truck owners to have “10-20-10″ minimum motor vehicle liability coverage: $10,000 coverage for damage of other people’s property, $20,000 coverage for injury or death to more [...]

Thursday, May 15th, 2008

Auto Racing Package Auto Racing Glance

Last race: Kyle Busch won the battle of attrition, overcoming a pit-road penalty and several scrapes with the wall to win at Darlington Raceway. The third Cup victory of the season for NASCAR’s least popular driver hardly thrilled the crowd, which booed him lustily in prerace introductions and hadn’t softened by the time he took [...]

Monday, April 21st, 2008

AUTOSHOWChevrolet Europe sees 1 mln vehicle sales in 57 yrs

GENEVA, March 4 (Reuters) - Chevrolet Europe expects to
more than double its annual sales volume to more than 1 million
vehicles within five to seven years, the executive director of
the General Motors Corp (GM.N: Quote, Profile, Research) unit said on Tuesday.
Wayne Brannon, the executive director for Chevrolet Europe,
also told reporters [...]

Monday, April 21st, 2008

U.S. auto sales may fall 7 pct in 2008 SP says

NEW YORK (Reuters) - U.S. auto sales “dropped sharply” in recent months and may fall 7 percent this year, while higher costs from tougher environmental regulations may pose a long-term challenge, Standard %26amp; Poor’s said in a report on Tuesday.
U.S. auto sales may fall to 14.9 million this year from 16.1 [...]

Monday, April 21st, 2008

U.S. auto sales may fall to 14.9 mln in 2008 SP says

NEW YORK, April 8 (Reuters) - U.S. auto sales “dropped
sharply” in recent months and may fall further this year, and
over the long term and higher costs from tougher environmental
regulations pose a challenge, Standard %26amp; Poor’s said in a
report on Tuesday.
U.S. auto sales may fall to 14.9 million this year [...]

Monday, April 7th, 2008

Ford says sales drop as expected keeps forecast

DETROIT (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) said on Monday it was keeping unchanged its full-year forecast for 15.7 million vehicle sales in the U.S. market on an industrywide basis this year, reflecting its expectation that market conditions will improve in the second half.
U.S. auto sales for February [...]

Monday, April 7th, 2008

TABLEChinas Dongfeng Auto 2007 net flat

SHANGHAI, March 29 (Reuters) - Year ended Dec. 31, 2007.
(in millions of yuan unless stated, against 2006 figures):
[...]

Wednesday, April 2nd, 2008

European Factors Shares seen up on optimism over banks

(Adds company items, futures; updates snapshot)
PARIS, April 2 (Reuters) - European equities were expected to rise on
Wednesday, extending the previous day’s sharp rally as investors’ optimism that
the worst of the credit crisis may be over continues to boost equity markets
worldwide.
At 0623 GMT June Stoxx50 futures STXEM8 were up [...]

Monday, March 31st, 2008

Ghosn says US auto market in recession

SEOUL, South Korea%26The head of Nissan Motor Co. said even if the United States is not in recession, its auto industry is. “We are very lucid on the situation of the industry that there is a recession in the United States, at least in the car market,” Chief Executive Carlos Ghosn [...]