Archive for January, 2007

Wilson Auto Group Gives Big for Holidays, Big Stores, Boutiques at Woodbury Town Center

Christopher Gardner, the inspiration for the movie “The Pursuit of Happyness,” left the Orange County Auto Dealers Association’s annual meeting a happy man.
He drove to the airport in a borrowed orange Lamborghini LP 640. Gardner was the guest speaker at the meeting held recently at Joe’s Garage at the Tustin Auto Mall.
Gardner was appreciative of […]

January 28th, 2007 - Posted in Uncategorized

Auto Racing: Rundown of the best at Motorsports 2007

Motorsports 2007, held Jan. 11 to 13, was a “huge success,” said show promoter Ernie Saxton. The event was held for the first time at the Atlantic City Convention Center and coincided with the Atlantic City Indoor Races at Boardwalk Hall Jan. 12 and 13.
Several national racing stars made appearances, including NASCAR Nextel Cup Rookie […]

January 28th, 2007 - Posted in Uncategorized

Ford, General Motors and Chrysler all are bracing for shocks

Is this Ford’s last chance? Some observers think so. In fact, a number of auto industry watchers believe that each of the Big Three American automakers has only one restructuring left. After that, one or more of them will be gone.
Ford Motor Co. shocked workers and Wall Street alike with news last week that its […]

January 28th, 2007 - Posted in Uncategorized

US automakers head for union showdown

As financial losses mount, US automakers are headed for a showdown with the United Auto Workers union in contract negotiations this summer.
While the United Auto Workers (UAW) made major concessions last year as General Motors and Ford began racking up multibillion dollar losses, dissent is brewing among the rank-and-file.
One issue which has drawn significant union […]

January 28th, 2007 - Posted in Uncategorized

Auto sector funds: Slowing down

The category, which has only two funds, JM Auto and UTI Auto, clocked a gain of 15.6% in 2006.
The automobile sector seems to have lost momentum on the bourses. In 2006 when the bourses were on fire, the BSE Auto index moved only 29.6% as compared with the Sensex’s 46.7% surge. After the May-June crash, […]

January 28th, 2007 - Posted in Uncategorized

GR’s auto show preview crowd in for a Zany time

GRAND RAPIDS — Cars can be funny.
So, comedian Bob Zany quickly drives that point home.
“I’m an American,” he declares, “that’s why I drive a Camry.”
Yes, even the Michigan International Auto Show can’t escape the zany barbs of the California comedian who will star with fellow comic Drew Hastings in Wednesday night’s “The Miracle Tour” […]

January 28th, 2007 - Posted in Uncategorized

Washington Auto Show Previews New Fuel Technologies

In his State of the Union speech on Tuesday, President Bush proposed reducing America’s dependence on foreign supplies of energy in part by increasing the supply of alternative fuels. The president’s comments came as automakers were previewing their latest technological innovations at the Washington Auto Show.
For a century, the internal combustion engine has dominated motor […]

January 28th, 2007 - Posted in Uncategorized

Houston Auto Show’s ‘green’ options

When it comes to buying a new car or truck, it’s a little easier being green than it used to be.
Just take a walk through the Houston Auto Show, which opened Saturday. Sprinkled among the 600 vehicles on display are a range of alternatives to traditional gas-powered models, from big trucks to thrifty compacts.
Whether it […]

January 28th, 2007 - Posted in Uncategorized

Nazi-era vehicle, ’grandfather of race cars,’ on display in New York before auction

A rare Nazi-era race car hidden in a German mine shaft during World War II and said to be worth millions of dollars has gone on display.

The sleek silver D-Type from Audi forerunner Auto Union is to be on display for two days through Friday at the car company’s fancy showroom […]

January 28th, 2007 - Posted in Uncategorized

Import of vehicles causes Rs9bn dent to auto part vendors

Local vendors that supply auto parts to car assemblers have lost a big chunk of business due to import of used cars in that fiscal.
Vendors supplying parts worth Rs200,000 per car assembler suffered a dent of Rs9 billion in business in 2005-06 due to import of 46,278 used cars in that fiscal.
Vendors fear higher losses […]

January 28th, 2007 - Posted in Uncategorized

Automakers’ struggles trickle down to NASCAR

When asked about Ford Motor Co.’s announcement that it lost a record $12.7 billion last year, the director of Dodge’s racing program cringes as if he just swallowed a swig of motor oil.
These aren’t the best of times for the U.S. auto industry, and the effects are starting to trickle down to NASCAR. Folks in […]

January 28th, 2007 - Posted in Uncategorized

Tough talks expected for new car

In a time of wrenching area job losses, the General Motors Corp. Lordstown Complex has been one of the few rocks on which the local economy rests.
That rock could start cracking if workers and company fail to reach a new labor agreement quickly, a labor official said Friday during an 2007 outlook interview with the […]

January 28th, 2007 - Posted in Uncategorized