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Industry Report: April 3, 2006


New York Show Gets G6 GXP

Pontiac's G6 mid-sizer-known in some Detroit circles as the car that Oprah built-gets a high-performance edition at the coming New York auto show. The April expo will showcase the new G6 GXP, a spin-off of the two-door coupe that gets a 270-hp, 3.9-liter V-6 engine along with body mods. Technically a concept, the G6 GXP will share New York show space with the new Mitsubishi Outlander, the revamped Audi TT, and a host of other new vehicles, most of which you can see in our New York show preview:

Pontiac Dropping Some Vibes

The good Vibes are leaving Pontiac , although one will stick with the GM brand through at least the 2007 model year. Reuters reports that Pontiac is dropping the GT and all-wheel-drive versions of the nifty Vibe hatchback from its lineup following the current model year. Slow sales and expensive refits to bring the engine up to new emissions standards have been cited as the reasons for the move. The news service adds that Pontiac may bring back the performance and AWD versions in a next-generation car. The Vibe is built in GM's joint-venture NUMMI plant in Fremont , Calif. , which it shares with Toyota .

 

GM To Sell Isuzu Stake

GM and Isuzu are in discussions to figure out how the world's biggest automaker can dispose of its stake in the Japanese truckmaker. GM says it wants to sell its interest in Isuzu Motors Ltd., which now equals about 7.9 percent of the Japanese company's shares. GM has approached two Japanese financial institutions about taking on its share of the company, which has all but disappeared from the U.S. light-truck market. GM's stake could be worth $320 million. GM and Isuzu share interests in diesel engines and in pickup trucks and SUVs; Isuzu sells rebadged versions of GM's mid-size SUV and pickups in the U.S.

GM: Turnaround Is Working (3/26/2006)
Company says new pricing plan, cuts are righting the ship despite looming engineering cuts.

New Fuel-Econ Rules to Boost Truck Mileage

After months of evaluating new mileage proposals, the Department of Transportation has set higher fuel-economy levels for light trucks and SUVs beginning in 2008. The new rules will raise the Corporate Average Fuel Economy (CAFE) for trucks from 21.6 mpg today to 24 mpg by 2011. By then the CAFE rules will also include SUVs weighing up to 10,000 pounds, which will add vehicles like the HUMMER H2 and the biggest Chevy Suburbans to the fuel-economy rules for the first time. The new rules could save up to 10.7 billion gallons of fuel over the lifetime of the affected vehicles, and could cost up to $200 per vehicle in technology needed to boost fuel economy in those vehicles. Passenger cars will continue to be held to a 27.5-mpg fleet average.

Suzuki Brings XL7, SX4 to New York

Suzuki confirms that the new XL7 sport-ute is coming to April's New York auto show. The Japanese automaker - in which GM recently sold its 20-percent stake - says the new XL7 will share the New York stage with the SX4 crossover, an Aerio replacement seen most recently at the Geneva motor show. Along with the Suzukis, the New York show will premiere the new Benz E-Class, Saturn Outlook and Aura, and Nissan Altima-find out more about the upcoming show in our New York preview:

2006 New York Auto Show Preview (3/26/2006)
For the capital of the world, some global introductions.


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