Globe and Mail - Last year, high fuel prices drove consumers away from General Motor Corp.’s sport utility vehicles and light trucks, forcing the auto maker to cut production. Ford Motor Co. has said that it expects to further cut production in the first six months
Honda Motor to spend 150-200 mln usd on building second plant in India
Forbes - Once the auto maker brings the new factory up to its maximum capacity, its total output in India will be 300,000 cars a year, five times what it produces now. Honda hopes to sell 60,000 cars in India in the fiscal year ending March, having sold 43,000
Chinese auto maker Changfeng seeks U.S. presence
Pittsburgh Post-Gazette - Along with exotic cars and concepts from big global auto makers, visitors to the international auto show this month in Detroit will see vehicles from an obscure Chinese auto maker called Changfeng Group Co. Up close, the five Changfeng vehicles, two
Ford sues Navistar over prices, contract
Boston Globe - Though Ford’s actions could hurt the auto maker and the supplier, Ford is banking on the success of large pickups — many of which use Navistar engines — to help the auto maker regain profitability. Because engines are such high-cost components, it
MONDAY, JAN. 29
Wall Street Journal - The auto maker’s painful restructuring continues under new CEO Alan Mulally, with its core North American operations not expected to regain profitability until 2009. Ford could add a heaping to the $7 billion in losses it posted for the first nine
News at a Glance
Smart Money - General Motors ( GM ) posted a 32% increase in the number of cars sold in China in 2006, making GM the top auto maker in China for the second year in a row, the company said Monday. GM has seen its domestic market share eroded by Toyota ( TM ), but the
Hyundai Motor faces a strike as union issues ultimatum
Forbes - SEOUL (XFN-ASIA) - Hyundai Motor faces a strike after its labor union gave the company until Thursday to pay a disputed bonus or face a walkout. The clash between the auto maker and its 44,000-strong union has intensified since Hyundai cut year-end
U.S. consumers, companies feeling green
MSNBC - damage and national security risks, and they are prepared to do something about it. Sales of Hummers — those over-sized SUVs that became the poster child for poor gas mileage — were down 10.9 percent in December, according to auto maker General
Hyundai chairman may face 6-year jail term
CNN Money - demanded a six-year jail term Tuesday for the chairman of Hyundai Motor Group, the world’s No. 6 automaker, for alleged breach of trust and embezzling company funds. The prosecution request came as unionized workers at South Korea’s top auto maker