Yahoo! Canada Finance: Auto Manufacturers Industry News

VIDEO from Medialink and General Motors: Preventable Summer Tragedy

Sat, 19 Jul 2008 00:47:20 GMT

PRNewswire - In the last ten years over 360 children have died from being left in a hot car. That's an average...

More General Motors factory closures likely, analysts say

Fri, 18 Jul 2008 21:13:00 GMT

The Canadian Press - ROMULUS, Mich. - At a General Motors Corp. factory just west of Detroit, about 1,000 workers are still cranking out mighty-but-thirsty V-8 engines that go into pickup trucks and sport utility vehicles.

DHL Returns to the Runway at Mercedes-Benz Fashion Week Swim, July 18 - 21

Fri, 18 Jul 2008 20:00:15 GMT

Business Wire - South Florida-based DHL, the world’s leading express delivery and logistics company, returns for a second year as sponsor of Mercedes-Benz Fashion Week Swim, held in Miami Beach at The Raleigh Hotel, July 18 through July 21.

Media Advisory: Details of Ford Motor Company's July 24 Briefing for Second Quarter 2008 Financial Results

Fri, 18 Jul 2008 15:51:08 GMT

PRNewswire - Ford Motor Company (NYSE: F) will release its second quarter financial results at 7:00 a.m. EDT, Thursday,...

Ford EcoDriving Tips Help Lower Fuel Costs

Fri, 18 Jul 2008 15:18:53 GMT

PRNewswire - With elevated gas prices and the summer travel season in full swing, Americans are looking for ways to save at the pump.

Hyundai Motor workers strike over pay, night shift; Kia workers also walk out

Fri, 18 Jul 2008 12:19:00 GMT

The Canadian Press - SEOUL, South Korea - About 35,000 workers at Hyundai Motor Co. staged a half-day strike Friday calling for raises and better working conditions, the latest in a series of work stoppages.

Mercedes-Benz Fashion Week Miami Swim Makes a Splash with Designer Red Carter and Red Hot Convertibles for Summer

Thu, 17 Jul 2008 20:30:34 GMT

PRNewswire - Fashionistas, get ready -- Mercedes-Benz is returning to Miami to heat up summer with Mercedes-Benz Fashion Week Swim.

The Volkswagen Story of the First Chinese-German Car Factory: 1,000 Days in Shanghai

Thu, 17 Jul 2008 16:09:27 GMT

Business Wire - Research and Markets (http://www.researchandmarkets.com/resea rch/1e5aeb/1000_days_in_shan) has announced the addition of the "1,000 Days in Shanghai: The Volkswagen Story - the First Chinese-German Car Factory" report to their offering.

Toyota Tsusho America, Inc. and Nippon Kayaku Co., Ltd. Announce the Formation of GlycoMark, Inc., a Joint Venture to Develop and Commercialize Novel

Thu, 17 Jul 2008 13:27:22 GMT

PRNewswire - Toyota Tsusho America, Inc. (New York, NY) and Nippon Kayaku Co., Ltd. (Tokyo, Japan) announced today the formation of a new joint venture company, GlycoMark, Inc., dedicated to the discovery and commercialization of novel biomarkers for diabetes.

Alcoa's Vacuum Die Casting Process Wins Global Innovation Award from Nissan Motor

Thu, 17 Jul 2008 13:12:32 GMT

Business Wire - Alcoa (NYSE:AA) announced today that it is the recipient of a Global Innovation Award from Nissan Motor Company for its proprietary vacuum die casting process (AVDC) and new, advanced alloys used on the GT-R, Nissan’s new flagship, high-performance sports sedan.

Zacks Analyst Blog Highlights: Toyota Motor Corp., Priceline.com Inc., Acergy S.A., Genentech, Inc. and Infosys Technologies, Ltd.

Thu, 17 Jul 2008 10:02:47 GMT

Business Wire - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.

VIDEO from Medialink and General Motors: Main Street Going Green

Wed, 16 Jul 2008 21:50:23 GMT

PRNewswire - Going green hasn't always been economically friendly.

General Motors' recovery depends on winning over car buyers

Wed, 16 Jul 2008 21:03:00 GMT

The Canadian Press - DETROIT - People want small cars that get great gas mileage. General Motors Corp. is known for making top-notch trucks and sport utility vehicles. The company's survival now hinges on the difficult task of convincing buyers that its upgraded cars are just as good as its trucks and worth some extra cash.

July 16 Ford e-News

Wed, 16 Jul 2008 19:38:15 GMT

PRNewswire -

Henry Ford Museum Partners with College for Creative Studies to Display Students' Model T Designs of the Future

Wed, 16 Jul 2008 18:54:23 GMT

Business Wire - Visit Henry Ford Museum this summer and be amazed by the new Model T concepts created by students from College of Creative Studies (CCS) in Detroit.

Moody's: Chrysler on review for downgrade

Wed, 16 Jul 2008 15:01:00 GMT

The Canadian Press - NEW YORK - Moody's Investors Service is reviewing its ratings on Chrysler LLC for a possible downgrade and keeping a negative outlook on Ford Motor Co., citing the market shift away from trucks and SUVs.

Toyota to cut this year's global sales target by 3.5 per cent, report says

Wed, 16 Jul 2008 14:57:00 GMT

The Canadian Press - TOKYO - Toyota Motor Corp. is planning to cut this year's global sales target to 9.5 million vehicles, public broadcaster NHK reported Wednesday.

Magellan Aerospace delivers to GE Rolls-Royce Fighter Engine Team

Wed, 16 Jul 2008 09:01:21 GMT

CNW Group - The GE Rolls-Royce Fighter Engine Team has received the first deliveries of front fan frames from Magellan Aerospace in Canada for the F136 engine which will power the F-35 Lightning II aircraft.

Kia Motors to sell new hatchback abroad in early 2009

Wed, 16 Jul 2008 05:02:00 GMT

AFP - SEOUL (AFP) - South Korea's second largest carmaker Kia Motors said Wednesday it would sell a new hatchback model in Europe early next year to boost small-car sales.

General Motors makes historic cuts in struggle to survive collapse of core market

Wed, 16 Jul 2008 00:25:00 GMT

The Canadian Press - DETROIT - General Motors Corp., struggling to survive, will slash jobs, cut production, sell assets and suspend its dividend for the first time in 86 years as it tries to ride out an unprecedented collapse of its core U.S. market.

Ford Motor Company to Help Shelby Autos Return to Racing with Road America Team

Tue, 15 Jul 2008 23:50:08 GMT

Business Wire - Thanks to Ford Motor Company’s sponsorship of the 2008 Kohler International Challenge with Brian Redman at Road America, an official factory racing team from Shelby Automobiles, a wholly owned subsidiary of Carroll Shelby International Inc., (Pink Sheets:CSBI) will once again roar onto the track.

Volkswagen Group of America Announces it Will Produce Cars in Chattanooga; Decision Marks Company's Ongoing Commitment to North American Market

Tue, 15 Jul 2008 20:12:16 GMT

PRNewswire - Volkswagen Group of America, Inc. announced today that it will build a U.S. automotive production facility in Chattanooga, Tenn., where it will produce a car designed specifically for the North American consumer and invest $1 billion in the economy.

Ford Scores High on Annual NAACP Report Card

Tue, 15 Jul 2008 19:00:12 GMT

PRNewswire - The National Association for the Advancement of Colored People (NAACP) announced today that Ford Motor Company once again received one of the highest grades awarded on the Economic Reciprocity Initiative (ERI) automotive industry report card.

GM tightens white-collar workforce, cuts truck output, suspends dividend

Tue, 15 Jul 2008 17:57:00 GMT

The Canadian Press - DETROIT - General Motors Corp. plans to reduce its salaried workforce by thousands of people, cut truck production even further, suspend its dividend and borrow $2 billion to $3 billion more to weather a severe downturn in the U.S. market.

GM cutting white-collar workforce, truck production; suspends dividend

Tue, 15 Jul 2008 17:23:00 GMT

The Canadian Press - DETROIT - General Motors Corp. plans to reduce the size of its salaried workforce by thousands of people, cut truck production even further, suspend its dividend and borrow $2 billion to $3 billion more to weather a severe downturn in the U.S. market.

Ford of Europe Sets Sales Record in First Half of 2008

Tue, 15 Jul 2008 16:23:04 GMT

PRNewswire - Ford of Europe's sales in its main 51 markets rose by almost two percent to a record 1,003,700 vehicles in the first half of this year.

Valeo Equips the Mercedes A and B Class With its StARS Micro-Hybrid System

Tue, 15 Jul 2008 16:00:59 GMT

PRNewswire - Valeo announces today that its StARS micro-hybrid system equips the new Mercedes A and B class.

2009 MAZDA6 Pricing to Start at $18,550

Tue, 15 Jul 2008 16:00:40 GMT

PRNewswire - Mazda North American Operations (MNAO) today announced pricing for the 2009 MAZDA6 sports sedan will start at $18,550 for a MAZDA6 i SV, equipped with a 170-horsepower 2.5-liter I-4 engine and a six-speed manual transmission.

Metabolon Expands Partnership with Mitsubishi Tanabe

Tue, 15 Jul 2008 15:28:18 GMT

Business Wire - Metabolon, Inc., the leader in metabolomics-driven biomarker discovery and analysis, announced today the continuation and expansion of a multi-study agreement with Mitsubishi Tanabe Pharma, a global and research-driven pharmaceutical company.

Volvo Aero, Rolls-Royce ink deal for engine development

Tue, 15 Jul 2008 14:47:00 GMT

The Canadian Press - STOCKHOLM, Sweden - Sweden's Volvo AB said Tuesday its aircraft unit, Volvo Aero, has signed a contract with Rolls-Royce to develop an engine component for the Airbus A350XWB aircraft.

GM to cut salary budget by 20 per cent, truck production, suspend dividend

Tue, 15 Jul 2008 14:04:00 GMT

The Canadian Press - DETROIT - General Motors Corp. plans to slash its U.S. and Canadian white-collar salary budget by 20 per cent, make further cuts in truck production, suspend its dividend and borrow $2 billion to $3 billion as it struggles with a declining U.S. market.

Novelis Wins Aluminum Contract for BMW X6

Tue, 15 Jul 2008 13:56:18 GMT

CNW Group - Novelis Inc. has been selected by BMW to supply aluminum sheet for the lightweight hoods of its all-new X6 crossover SUV.

GM cutting spending, salaries to raise cash

Tue, 15 Jul 2008 13:45:30 GMT

CBC - General Motors said Tuesday it will reduce its white-collar workforce, suspend its dividend, cut spending on marketing and make more production cutbacks.

Hamilton Sundstrand Signs Spare Parts Agreement with Volvo Aero Services Corp.

Tue, 15 Jul 2008 13:33:32 GMT

PRNewswire - Hamilton Sundstrand, a subsidiary of United Technologies Corp. (NYSE: UTX), has signed an agreement allowing Volvo Aero Services Corp. to distribute Hamilton Sundstrand end items to support the operation of Boeing 737, 747, 757 and 767 aircraft.

Ford Advertises on Cans of Barbasol Shaving Cream in Unique Marketing Campaign with Arluck Promotions

Tue, 15 Jul 2008 13:18:09 GMT

Business Wire - Stemming from the success of their 2005 "Real Man" Campaign with Gary Hall Jr., Perio, Inc., producer of Barbasol, has teamed up with Arluck Promotions to promote companies, products and events on their nationally distributed shaving cream cans.

GM to cut salaried workers, production, dividend

Tue, 15 Jul 2008 13:01:00 GMT

The Canadian Press - DETROIT - General Motors Corp. plans to lay off 20 per cent of its U.S. and Canadian salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion as it adjusts to a declining U.S. market.

Volvo Aero and Rolls-Royce Sign Risk and Revenue Sharing Agreement for Trent XWB

Tue, 15 Jul 2008 11:13:23 GMT

Business Wire - Regulatory News:

American Suzuki Automotive Names Siltanen as New Advertising Agency

Tue, 15 Jul 2008 11:09:48 GMT

Business Wire - In a move designed to build upon the company’s recent success and rapidly improving brand image, American Suzuki Motor Corporation (ASMC) today announced Siltanen & Partners (S&P), an independent agency based in Marina del Rey, Calif., as the company's new U.S. advertising agency of record for its automotive division.

Court finds ex-Mitsubishi execs guilty of making false report in accident

Tue, 15 Jul 2008 06:33:00 GMT

The Canadian Press - TOKYO - A Japanese court found Mitsubishi Motors and its three former executives guilty Tuesday of falsifying a report to the government in a fatal accident suspected of being linked to a wheel defect.

General Motors to announce more cuts Tuesday amid falling U.S. sales

Tue, 15 Jul 2008 01:17:00 GMT

The Canadian Press - DETROIT - General Motors Corp. is expected to cut several thousand salaried jobs and further slash truck production in response to falling U.S. sales and Wall Street's demands for more action to stem its losses, according to two people briefed on the plan.

General Motors to announce further restructuring in face of declining sales

Mon, 14 Jul 2008 21:25:00 GMT

The Canadian Press - DETROIT - General Motors Corp. is planning to announce some restructuring moves Tuesday in response to falling U.S. sales.

Past President of Ford Credit Joins Lithia Motors Board of Directors

Mon, 14 Jul 2008 19:08:55 GMT

Business Wire - Lithia Motors (NYSE:LAD) today announced the appointment of A.J. Wagner to its Board of...

American Suzuki Consolidates Its Business Divisions, Naming Mr. Kinji Saito as New President to Oversee All U.S. Operations

Mon, 14 Jul 2008 17:20:42 GMT

Business Wire - American Suzuki Motor Corporation (American Suzuki), continually seeking to optimize its business in response to ever-changing consumer preferences and market conditions, announced today that it will consolidate its independent business units – Automotive, Motorcycle/ATV and Marine, along with Corporate Operations – under a new President, Mr.

Toyota Offers Bluetooth(R) Hands-Free System on 15 Models

Mon, 14 Jul 2008 16:00:08 GMT

PRNewswire - Toyota Motor Sales (TMS), U.S.A., Inc. currently offers integrated Bluetooth(R) hands-free wireless systems in 15 models and will make it available on the all-new 2009 Venza when it goes on sale this fall.

Ford Motor Company Selects Cross Country Automotive Services to Provide Emergency Roadside Assistance

Mon, 14 Jul 2008 12:41:50 GMT

PRNewswire - Cross Country Automotive Services (Cross Country), a leading provider of vehicle and driver programs, including its flagship roadside assistance service, announced that it has been selected by Ford Motor Company to provide emergency roadside assistance to their customers, beginning with model year 2007 Ford, Lincoln and Mercury vehicles.

Toyota's China sales rise 34 pct in first half

Sat, 12 Jul 2008 03:34:00 GMT

Reuters - SHANGHAI (Reuters) - Toyota Motor Corp's China unit said its vehicle sales in the first half rose 34 percent from a year earlier to 285,000 units.

Nissan, Dongfeng to build engine plant in China: report

Sat, 12 Jul 2008 03:24:00 GMT

AFP - TOKYO (AFP) - Japan's Nissan Motor Co. and its Chinese partner Dongfeng Motor Corp. plan to build a new engine factory in central China, a newspaper reported on Saturday.

Rolls-Royce Opens New Regional Corporate Headquarters in Northern Virginia

Fri, 11 Jul 2008 21:09:29 GMT

Business Wire - The new Rolls-Royce North America corporate headquarters is now open in Reston, Virginia.

Toyota to build fuel-sipping Prius hybrid in US

Fri, 11 Jul 2008 01:52:00 GMT

AFP - WASHINGTON (AFP) - Japanese auto giant Toyota said Thursday that it plans to start assembling its fuel-sipping Prius hybrid car in the United States with production slated to begin in late 2010.

Shares of General Motors hit new low on bankruptcy worries

Thu, 10 Jul 2008 23:45:00 GMT

The Canadian Press - NEW YORK - Shares of General Motors Corp. slid to another record low Thursday, as speculation swirled about the financial viability of U.S.-based automakers and a possible bankruptcy filing at GM.

Ed Sheehy Promoted to President, Southeast Toyota Distributors, LLC, Executive Vice President, JM Family Enterprises, Inc. and President, JM Lexus

Thu, 10 Jul 2008 23:08:25 GMT

Business Wire - Colin Brown, president and CEO, of diversified automotive company JM Family Enterprises, Inc. (JM Family), has announced the promotion of Ed Sheehy, 47, to president, Southeast Toyota Distributors, LLC (Southeast Toyota), executive vice president, JM Family and president, JM Lexus. Southeast Toyota, a subsidiary of JM Family, is the world’s largest independent distributor of Toyotas and Scions.

Valeo Receives Global Innovation Award From Nissan

Thu, 10 Jul 2008 16:26:44 GMT

PRNewswire - Valeo announces that it has received the Global Innovation Award from Nissan Motor Co. for its contribution to their Lane Departure Prevention system.

Ford's New Smart Intersection 'Talks' to Cars to Help Reduce Collisions, Fuel-Wasting Congestion

Thu, 10 Jul 2008 16:09:45 GMT

PRNewswire - Ford Motor Company (NYSE: F) researchers today unveiled one of the first privately funded "smart intersections" in North America, a key step toward leveraging GPS technology and wireless infrastructure-to-vehicle communications to reduce traffic accidents and ease congestion.

Porsche to raise VW stake 'to almost 36%'

Thu, 10 Jul 2008 15:46:00 GMT

AFP - FRANKFURT (AFP) - German sports car maker Porsche wants to raise its stake in Volkswagen, Europe's biggest auto firm, to almost 36 percent soon to be able to control the agenda at VW general assemblies.

Toyota making manufacturing changes, three-month shutdown for U.S. pickup plant

Thu, 10 Jul 2008 14:54:00 GMT

The Canadian Press - DETROIT - Toyota Motor Corp. will start producing the hybrid Prius in the U.S. for the first time as the Japanese automaker adjusts its U.S. manufacturing operations to meet customer demands for smaller, more fuel-efficient vehicles.