The News Review:
- US auto industry presses Bush on biofuels
- Subprime Defaults May Spread to Auto Bonds S&P Says (Update1)
- India China auto marts carry high risks: S&P
- rganized crime ring cracked in Detroit.(auto insurance fraud)(Brief…
- Former President Reagan budget director others charged in alleged…
- Auto supplier TRW gets K to change tender offers.
US auto industry presses Bush on biofuels
International Herald Tribune – Mar 26, 2007
automakers Monday urged President George W. Bush to back incentives to bring ethanol and biodiesel to more gasoline station pumps as the companies increased production of so-called flexible-fuel vehicles. Half the vehicles made by General Motors Ford Motor and the Chrysler unit of DaimlerChrysler by 2012 could be able to run on biodiesel or E85 a blend of 85 percent ethanol and 15 percent gasoline Rick Wagoner of General Motors Alan Mulally of Ford and Tom LaSorda of Chrysler said in a statement.
Subprime Defaults May Spread to Auto Bonds S&P Says (Update1)
Bloomberg – Mar 26, 2007
Capital ne Financial Corp. Wells Fargo &Co. and other lenders have lent more funds to people with badcredit scores in the past few years to sustain growth S&P saidtoday in a report by analysts led by.
India China auto marts carry high risks: S&P
Times of India – Mar 26, 2007
“n the road to bigprofits in China and India global automakers may hit some bumps” a S&Prating services reportsaid. Global automakers likeVolkswagen BMW Group and DaimlerChrysler have lined up impressive investmentplans for India in recent times whereas Suzuki Hyundai Toyota General Motorsalready have substantial presencehere. Automakers’ hopes areparticularly high in China due to significant investments already made in theworld’s fastest-growing majoreconomy. “Despite promisinghigh returns the burgeoning auto markets of China and India carry high creditrisks for foreign automakers because of intense competition to maintain afoothold in these markets” the reportsaid.
rganized crime ring cracked in Detroit.(auto insurance fraud)(Brief…
Free with registration – Detroit Free Press – AccessMyLibrary.com – Mar 26, 2007
(26-MAR-07) Detroit Free Press (Detroit MI). 26–Michigan Attorney General Mike Cox announced today that 10 people have been charged in an auto insurance fraud ring that he likened to organized crime that generated mi.
Former President Reagan budget director others charged in alleged…
Free with registration – America's Intelligence Wire – AccessMyLibrary.com – Mar 26, 2007
–>CPYRIGHT 2007 Financial Times Ltd. (From AP Worldstream) Byline: LARRY NEUMEISTER David Stockman the former budget director in the Reagan White House was charged in an indictment unsealed Monday with overseeing a sweeping fraud at a troubled auto parts supplier that he led before the company collapsed into bankruptcy. Stockman 60 was one of four former top Collins & Aikman Corp. executives named in the federal indictment. Four other former company employees including a former treasurer have already pleaded guilty in the case prosecutors said. At a news conference U.
Auto supplier TRW gets K to change tender offers.
Free with registration – Detroit Free Press – AccessMyLibrary.com – Mar 26, 2007
(26-MAR-07) Detroit Free Press (Detroit MI). 26–TRW Automotive Holdings Corp.