The News Review:
- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- Big Investors Breathing New Life Into Gasping Auto Parts Suppliers
- CSE thumbs-down to Auto Mission Plan
- Auto show starts Saturday quarter-million visitors expected
- Slow Sales Start for Detroit?
- Europe becomes major destination for China’s auto export market
- Japan’s auto exports jump 18 pct in 2006
SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – Jan 31, 2007
– NASCAR changed its Nextel Cup past champions provisional Wednesday to limit it to only six uses per season. There had previously been no limit to how many times a past Cup champion could use the provisional to ensure a spot in the field each week. The provisional was set aside for the 43rd spot in the race to the most recent former champion who did not qualify based on speed. Now a driver can only use the spot six times in a year and the limit also applies to the entire team so that a car owner can’t use multiple past champions in the course of one season. “As NASCAR seeks to place more emphasis on competition we have decided the time is right to limit the number of provisionals allowed” said Robin Pemberton NASCAR’s competition director.
Big Investors Breathing New Life Into Gasping Auto Parts Suppliers
New York Times – Jan 31, 2007
Altman for The New York TimesThe financier Wilbur L. Ross said parts makers were too beholden to one or two automakers and suffered when Detroit lost market share.
CSE thumbs-down to Auto Mission Plan
Economic Times – Jan 31, 2007
Experts from Centre for Science andEnvironment (CSE) feel that the plan is devoid of any concrete measure to reduceair pollution. The AMP callsfor setting up an organisation to develop an emission roadmap which wouldprovide for changes in emission norms after a minimum gap of four years. Expertsfeel that the gap is far too long and norms should be changed more frequently. According to coordinator ofAir Pollution Control Unit of CSE Anumita Roychowdhury the move is aimed atenabling the auto industry to avoid frequent investments in carrying out changesprescribed by new emission norms.
Auto show starts Saturday quarter-million visitors expected
Bizjournals.com – Jan 31, 2007
Between 250000 to 275000 are expected to attend this year's show which is owned and produced by the. The event pours $30 million into the city's economy each year and is expected to influence between $3 billion and $4 billion worth of vehicle-buying decisions over the next 12 months ADAGP Executive Director Kevin Mazzucola said. "We find that on average over the last three to four years close to 40 percent of all of the new vehicles sold in our market area are influenced by the show" Mazzucola said.
Slow Sales Start for Detroit?
BusinessWeek – Jan 31, 2007
Industry-wide sales declines have become commonplace over the past 12 months as domestic manufacturers suffered from costly setbacks. Throughout 2006 high fuel costs mounting foreign competition changing consumer attitudes nagging quality and reliability concerns and even a softening housing market were just a few of the thousand cuts that made a significant domestic recovery impossible. Toyota’s TriumphJanuary is a traditionally sleepy month for auto sales. The holidays lucrative incentives and yearend bonuses make December a strong month for sales at large; additionally December is one of the best times on the calendar for sales of trucks and SUVs equipped to tackle mounting snow. "Total volume-wise [January] is one of the slowest months of the year and this year’s no different" says Jesse Toprak executive director of industry analysis with Edmunds. "Call it payback for December. "Nevertheless Toyota (.
Europe becomes major destination for China’s auto export market
Antara – Jan 31, 2007
In terms of export value shipments to Asia still ranked first accounting for 43. 6 per cent of China’s total followed by Europe which replaced Africa to rank second. Looking at export volume however shipments to Europe grew 154. 3 per cent over the year accounting for 23.
Japan’s auto exports jump 18 pct in 2006
Antara – Jan 31, 2007
1 per cent on the year to 5. 96 million units in 2006 marking a fifth consecutive year of growth according to a report released Tuesday by the Japan Automobile Manufacturers Association. As carmakers met the growing overseas demand for fuel-efficient vehicles with exports more than 50 per cent of domestic output was shipped abroad for the first time since 1987. Passenger car exports broke through the 5 million mark for the first time on a calendar year basis at 5.