The News Review:
- Fiat sees auto positive in profit cashflow in 09
- Toyota bested GM in ’08 auto sales
- How the Detroit auto show almost lost the Germans
- NJ sues 4 Sansone auto dealers
- NASCAR’s Kurt Busch appearing at auto show today
Fiat sees auto positive in profit cashflow in 09
Reuters
substring(0CMSB_ID. MI) Chief Executive Sergio Marchionne said the auto division would be positive in cashflow and profit in 2009. Speaking on a conference call to analysts on Thursday he also said he expects 2009 to be ”a good.
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Toyota bested GM in ’08 auto sales
Bizjournals.com NC
97 million down 4 percent according to the story. GM had been the largest global carmaker since 1931 the newspaper said. All auto manufacturers are suffering in the current recession with GM taking a federal bailout in December after it said it didn’t have enough cash to survive into early 2009. Toyota is in better financial shape but still expects to post an operating loss for its fiscal year ended March 31. It is also cutting back production at seven of its U. plants to reduce its inventory.
How the Detroit auto show almost lost the Germans
Detroit Free Press United States
11 just as the news media preview for the North American International Auto Show began. They decided to keep Detroit as their main venue for at least the next year though they expressed dissatisfaction with the costs size and quality of Cobo Center which is smaller older and dumpier than the Staples Center in downtown Los Angeles. “We were delighted by the interest shown in BMW and the German auto industry collectively at media days” during the NAIAS said Tom Kowaleski BMW North America vice president for communications. The German automakers are among the Detroit show’s big spenders. In addition to building elaborate displays in Cobo Center they bring large numbers of executives and journalists to the city for several days.
NJ sues 4 Sansone auto dealers
Newsday NY
- Four car dealerships in the Sansone AutoNetwork in Monmouth and Middlesex counties are accused of violatingstate consumer fraud laws. Authorities allege the dealers failed to tell buyers that theirused cars had been previously damaged or used as rental cars. Thestate also says licensing registration and tax fees were notdisclosed in the price.
NASCAR’s Kurt Busch appearing at auto show today
Detroit Free Press United States
com | Detroit Free Press. He’ll be at Cobo Center today for Racing Day at the North American International Auto Show and will sign autographs.