The News Review:
- US auto ills travel south to Mexico
- Japan’s Auto utput Drops To Record Low n Falling Demand
- Fallston auto wholesaler delivers his fifth Christmas car surprise …
- Stocks Jump Then Slide Back After Auto Bailout
- Top auto dealers’ credit ratings cut
- Jonas Brothers to rock for Detroit auto show
- Breakout year is seen for hybrids at ’09 Detroit auto show
US auto ills travel south to Mexico
The Associated Press
auto bailout lifts the threat of imminent collapse from plants that have been a steady source of jobs in Mexico. But the rescue backed by American taxpayers is likely to slow investment in Mexico’s auto industry one of the fastest growing in the world. Lured by low labor costs Detroit’s automakers have been critical to an industry that now makes up 3 percent of Mexico’s gross domestic product and accounts for a fifth of its exports. The 13 plants run by Ford Chrysler and GM account for more than 50 percent of Mexico’s auto production. While nothing in the $17.
Japan’s Auto utput Drops To Record Low n Falling Demand
AHN
Redistribution republication. syndication rewriting or broadcast is expressly prohibited without the prior written consent of AHN. –>AHN Staff Tokyo Japan (AHN) – Japan’s auto production in November dropped to the lowest level since 1967 as Toyota Motor Corp. and Nissan Motor Co. suffered due to slumping demand and a deepening recession a report indicated Thursday. According to the Japan Automobile Manufacturers Association production of cars trucks and buses dropped 20. 4 percent in November to 854171 vehicles compared to the same month a year earlier.
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Fallston auto wholesaler delivers his fifth Christmas car surprise …
Baltimore Sun United States
But Ed Lott wasn’t just the delivery guy. For five Christmases now Lott a 38-year-old auto wholesaler who lives in Fallston has found people who need vehicles and surprised them on Dec. He stays in the background and doesn’t tell the recipient that he is the secret Santa because he’s not there for gratitude and praise. “The reason I do it is for the reactions I see” he says.
Stocks Jump Then Slide Back After Auto Bailout
New York Times United States
css); STCKS and BNDS – Stocks Jump Then Slide Back After Auto Bailout – NYTimes. and Chrysler but then gave back most of their gains ending mixed.
Top auto dealers’ credit ratings cut
DetNews.com MI
to “B+” from “BB-” and cut its rating for Fort Lauderdale-based AutoNation Inc. to “BB+” from “BBB-” setting both companies’ outlook to “negative. ” “The downgrade reflects the companies’ weak credit measures heading into 2009 — a year in which we believe light vehicle sales for the North American auto retailers will reach multi-decade lows” said Standard & Poor’s credit analyst Nancy Messer. Advertisement She also expressed concern that the weak economy will cause customers to put off vehicle maintenance and parts purchases both of which are major sources of dealer income. “As a result we believe it is unlikely the companies’ credit metrics will improve in 2009 to levels consistent with the previous rating” she said. “Although the last decade for retailers has been characterized by revenue growth and consolidation we now expect revenues and profitability in the auto retail marketplace to be more volatile at least for the next year or so. ” AutoNation is America’s largest retailer of new and used vehicles.
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Jonas Brothers to rock for Detroit auto show
Detroit Free Press United States
All proceeds from the events will go to area children’s charities and organizations. With the economy suffering the concert might help the Detroit Auto Dealers Association which hosts the North American International Auto Show still raise an impressive amount for charities. In the last five years the Charity Preview has raised more than $32 million. The Jonas Brothers’ third album “A Little Bit Longer” has sold more than a million copies since its summer release. Webster and Brian McCollum In your voice Read reactions to this story.
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Breakout year is seen for hybrids at ’09 Detroit auto show
Detroit Free Press United States
set to debut a concept version of a battery-powered electric vehicle and a slew of new hybrids slated to be unveiled it’s becoming clearer this year’s show will be less about sexy designs and powerful 16-cylinder engines. “I think the theme is going to be efficiency this year. “Serra said auto show organizers are close to announcing the addition of a central place where all manufacturers can display vehicles and information about their hybrid and electric vehicle programs. General Motors Corp.