The News Review:
- FOCUS US auto makers hopeful stronger yen lifts auto sales but…
- … : Ferrari aiming for quick turnaround after poor start to F1…
- Van Rams Into Crowd of Bystanders at Illinois Auto Show Injuring 11
- AUTO RACING PACKAGE: Busch out front and running hard in big season -…
- German auto suppliers well positioned but credit profiles diverging …
FOCUS US auto makers hopeful stronger yen lifts auto sales but…
Forbes – Mar 19, 2008
In the second half of 2007 the yen finally did what US automakers wanted: it increased in value from 120 to the dollar to about 110 as the dollar began to weaken. Since January it’s increased further and now sits at about 98 yen to the dollar down nearly 20 pct in about nine months. So should US automakers expect to be in a better competitive position against their Japanese counterparts? While US companies are hopeful many other observers say they are not expecting much to change. General Motors (nyse:.
… : Ferrari aiming for quick turnaround after poor start to F1…
ESPN – Mar 19, 2008
The 2007 F1 constructors’ champion failed to get either of itscars to the finish at the season-opening Australian Grand Prix lastSunday although world champion Kimi Raikkonen was awarded aconsolation point after another driver was disqualified. With only six days between the first two rounds and the 11 F1teams needing to relocate to Sepang for the Malaysian Grand PrixFerrari principal Stefano Domenicali said there was no time towaste on hysterics. “We weren’t phenomenal guys before this race and we are notstupid after it so we really need to analyze in all the detailswhat has happened” he said. “And of course the main concern isto understand the reliability problems.
Van Rams Into Crowd of Bystanders at Illinois Auto Show Injuring 11
FOXNews – Mar 19, 2008
jpg”March 19: Emergency services personnel wheel an injured victim on a stretcher after a vehicle struck a crowd at an Illinois auto show. jpg”March 19: Emergency services personnel wheel an injured victim on a stretcher after a vehicle struck a crowd at an Illinois auto show.
AUTO RACING PACKAGE: Busch out front and running hard in big season -…
ESPN – Mar 19, 2008
– He’s been praised by the biggest names inthe sport described as fearless exceptionally talented andNASCAR’s next big star. It’s both flattering and humbling and maybe even a littlesurreal considering where Kyle Busch was this time last year. But his newfound acceptance isn’t what Busch is after. He justwants to race. “I think the most time that you can get on the track isobviously beneficial” Busch said.
German auto suppliers well positioned but credit profiles diverging …
Forbes – Mar 19, 2008
However credit profiles will continue to diverge between issuers with strong technology and those that are highly dependent on specific regions OEMs (original equipment manufacturers) and products not commanding the necessary resources to compete globally the rating agency said. While considerable challenges continue to pressure the auto supply sector German top Tier-1 suppliers have improved their competitive position versus other European and US suppliers Fitch said. But this has to be put into perspective Fitch said. The present market environment is very demanding with unabated price pressure high raw material costs exchange rate headwinds mature western markets and rising ecological standards weighing on the sector’s credit quality.