The News Review:
- Fiat sees auto positive in profit cashflow in 09
- GM Ending Shift At hio Small-Car Factory; More Cuts To Come
- Houston Auto Show offers look at what’s new on road
- How the Detroit auto show almost lost the Germans
- Toyota bested GM in ’08 auto sales
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.
GM Ending Shift At hio Small-Car Factory; More Cuts To Come
CNNMoney.com
(GM) will eliminate a shift at aonce-booming small-car factory in Lordstown hio this spring a local unionleader said Friday signaling the auto maker’s struggle to match production withsinking demand and fast-changing consumer tastes. The reduction in Lordstown is part of broader production cuts GM plans toannounce as soon as Monday sources familiar with the plans said Friday. Thefactory where GM builds the compact Chevrolet Cobalt and Pontiac G5 will godown to a single shift starting in April said Dave Green president of UnitedAuto Workers Local 1714 in Lordstown. Just this summer the factory was a rare bright spot for GM running threeshifts as the auto maker and its rivals raced to meet demand for small cars at atime when gas cost $4 a gallon. But GM canceled the third shift in December andlike most of the auto maker’s U.
Houston Auto Show offers look at what’s new on road
Houston Chronicle United States
because of the monster truck shows at Reliant Stadium. Those attending the Houston Auto Show can get a refund of $2 at a selected ticket window. You must have your parking stub in order to receive a refund from Reliant Park. More information: 832-667-1400 or visit www.
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.
Related from Obsidianuk: 2009 Detroit Auto Show: More Fisker Karma
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.