The News Review:
- Small Carmakers Benefit From Detroit’s Woes
- Struggling auto suppliers could see profits by 2012 experts say
- Japan Hot Stocks-Auto battery makers Fuji Elec Furukawa Elec
- Phones ring for auto plant jobs in Louisiana
- As U.S. Auto Makers Struggle Toyota Takes ver as Top Dog
- AUT RACING: Erskine senior gets win at Wiscasset
Small Carmakers Benefit From Detroit’s Woes
New York Times
Their gains appear to be a replay of what occurred four decades ago when upstart automakers from Japan started selling cars in the United States. At the time American carmakers dismissed them but today they control nearly 40 percent of the American car market. Analysts see two main reasons that smaller companies are capitalizing on the auto industry’s downturn. ne is that the shrinking of the overall market — the current selling rate is about 10 million vehicles a year down 40 percent from two years ago — has created opportunities for carmakers that do not need to sell millions of cars to make money. “You can be profitable at a much smaller market size selling to much fewer numbers of people” said Ron Pinelli president of Autodata which tracks industry statistics. Second he said buyers have become much less focused on brands and more on the quality of the vehicles themselves. “There are so many good cars out there to choose from.
Struggling auto suppliers could see profits by 2012 experts say
Detroit Free Press
Now suppliers are adjusting their businesses to break even in a market where automakers are building 10 million vehicles in North America. “nce you break through that level you make a lot of money quickly. nce you’re below it you lose a lot of money very quickly” said Larry Denton an auto consultant who once headed Dura Automotive Inc. in Rochester Hills. But the ramp-up won’t come quickly. It will take until about the first quarter of 2012 to reach a point where auto production in North America is on track for 12. 6 million vehicles the number of cars and light trucks built in 2008 said Michael Robinet vice president of global vehicle forecasts at CSM Worldwide in Northville.
Related from Rizzicreations: Governor tells panel that auto industry needs help
Japan Hot Stocks-Auto battery makers Fuji Elec Furukawa Elec
Forbes
4 percent on Monday. The following stocks were on the move: **BATTERY FIRMS UP INVESTRS CHASE HYBRID CAR-RELATED STCKS** GS Yuasa Corp and other makers of batteries used in hybrid and electric vehicles gained ground as brisk demand for hybrids has prompted investors to chase issues that are expected to benefit from this trend. 1 percent to 996 yen while Sanyo Electric Co Ltd gained 2.
Phones ring for auto plant jobs in Louisiana
Forbes
– Even though officials say it will be at least six months before a startup auto plant in uachita Parish begins taking job applications investor James Davison says his unrelated company has been flooded with calls from people who want to work there. Job-seekers have kept the switchboard at Davison Transport lit up since the announcement Wednesday he said Friday. “I think that’s a tremendous sign” he said.
As U.S. Auto Makers Struggle Toyota Takes ver as Top Dog
Wall Street Journal
companies are shuttering plants shedding dealers and reducing their product lines. As a result Toyota Motor will become the largest seller of light vehicles in the U.
AUT RACING: Erskine senior gets win at Wiscasset
Morning Sentinel
and Gray’s Kevin liver for the win. In the Aable Auto Parts Mini Stock division Waldoboro’s Ryan Ripley overcame lapped traffic and a lot of pressure from Thomas True to get the feature victory. Litchfield’s Wally Henderson got his first win in six years in the Strictly Street division. Points leader Shawn Austin picked up the checkered flag in the Super Street division. Charlie Colby earned the win in the Pro Stock division. xford Plains SpeedwayXFRD — Justin Karkos s cruised to victory by a margin of more than nine seconds in the Subway 100 Mini Stock main event on Saturday.