The News Review:
- CREDIT MARKETS: Ford Shows GM Chrysler How It’s Done
- GM Segway to Make Vehicle
- Auto Restarts Trim Midwest Manufacturing Decline To 0.4% In Feb
- Russian Auto Bailout Protects Jobs Not Efficiency
CREDIT MARKETS: Ford Shows GM Chrysler How It’s Done
Wall Street Journal
–>CREDIT MARKETS: Ford Shows GM Chrysler How It’s Done ArticleComments NEW YRK (Dow Jones)–Ford Motor Co. (F) said Monday it cut its debt by $9. 9 billion – turning up the heat on similar efforts of fellow U. auto makers General Motors Corp. (GM) and Chrysler LLC.
Related from Wtgmarketingsummit: Ford names new head of global marketing
GM Segway to Make Vehicle
Wall Street Journal
GM has slashed product-development programs advertising and spending on auto-show events. But it will take to the streets of Manhattan on Tuesday to show off a prototype of the vehicle called PUMA for Personal Urban Mobility and Accessibility. The Segway Personal Transporter was launched with considerable hype eight years ago but practical issues prevented the scooter from becoming a mass-market product including its relatively high cost and restrictions on its use in many jurisdictions. GM is betting PUMA’s more car-like traits — an enclosed compartment and top speed of 35 miles per hour — will lead to better results.
Auto Restarts Trim Midwest Manufacturing Decline To 0.4% In Feb
Wall Street Journal
–>Auto Restarts Trim Midwest Manufacturing Decline To 0. 4% In Feb ArticleCommentsmore in. Midwest eased in February helped by auto plants restarting production after widespread shutdowns the previous month. The Chicago Fed Midwest Manufacturing index fell 0. 4% to a seasonally adjusted level of 83.
Russian Auto Bailout Protects Jobs Not Efficiency
New York Times
No demands to turn out better-quality cars much less fuel-efficient hybrid cars. (The first car with an airbag was introduced here in 2005. )But the auto bailout Russian style is intended more to ensure peace in the streets than restructure a business much to the lament of some critics who think tough love might be better. “The key issue is too much government protection” Yegor T. Gaidar a former prime minister said. “The factory will create as many problems for the Russian economy as General Motors for the States. ”Moscow’s concerns extend far beyond automobiles.