The News Review:
- Honda sees 2007 US auto sales rising 3 pct to 1.56 mln units
- SKorean auto exports to hit record high this year – ministry
- Sales forecasts worsen for auto makers
- ttawa said failing on auto parts
- Delphi wins US$3.4B rescue deal: Automotive: Auto parts giant must…
Honda sees 2007 US auto sales rising 3 pct to 1.56 mln units
Forbes – Dec 19, 2006
0 pct next year to 1. 56 mln vehicles from a projected 1. 51 mln vehicles this year. Japan’s third-largest automaker said it also expects robust sales in other regions next year.
SKorean auto exports to hit record high this year – ministry
Forbes – Dec 19, 2006
3 bln usd this year due to improved quality and brand recognition a government report said. Exports of cars are expected to reach 2. 7 mln units worth 33 bln usd up 11. 9 pct from a year ago the Ministry of Commerce Industry and Energy said in a report.
Sales forecasts worsen for auto makers
Globe and Mail – Dec 19, 2006
write(lugAC);} placeAC(“lug”);AUTMTIVESales forecasts worsen for auto makersBig Three cutting output in early 2007 GREG KEENAN AUT INDUSTRY REPRTER December 19 2006 Competition for market share among auto makers is likely to intensify next year in the mature markets of North America Europe and Japan as overall sales soften Standard & Poor’s Corp. "ver all we expect current trends to persist: High competitive pressures high raw material costs largely unfavourable foreign exchange rates for the export-oriented [auto makers] and the ongoing need to invest in low-cost countries and in efficiency-improving measures in order to preserve — as far as possible — the overall meagre levels of profitability" said the rating agency’s auto analysts. Sales will fall in North America this year from 2005 levels and again in 2007 from this year’s levels S&P said in a report card on the global auto industry. Deliveries in Canada the United States and Mexico are on a declining trend from the 17-million-vehicle level hit in 2000 S&P noted.
ttawa said failing on auto parts
Toronto Star – Dec 19, 2006
Tony Van Alphen Business Reporter Canada’s struggling auto parts sector says the federal government is not addressing its concerns as industry conditions deteriorate. The Automotive Parts Manufacturers’ Association indicated in a policy paper yesterday that ttawa’s progress is "poor" in dealing with almost 20 issues ranging from tax credits and immigration to training assistance and border bottlenecks. "Canadian tax policies and lack of productivity-enhancing incentives in Canada act as a deterrent to Canadian manufacturers" the 14-page paper concluded. Association president Gerald Fedchun said the government has shown no progress in some areas and clearly needs to act. ttawa and the ntario government have each committed $500 million in aid including a research and training component to attract new investment to the auto sector in Canada.
Delphi wins US$3.4B rescue deal: Automotive: Auto parts giant must…
Free with registration – America's Intelligence Wire – AccessMyLibrary.com – Dec 19, 2006
(19-DEC-06) The America’s Intelligence Wire. 4B rescue deal: Automotive: Auto parts giant must first settle labour issues. yesterday reached a milestone in its bankruptcy reorganization case announcing a framework agreemen.