Honda Prepping Hybrid Fit?
2007 Honda Fit
2006 Detroit Auto Show Index by TCC Team (1/30/2006)
GM Files to Join
General Motors has filed a motion to secure a seat on Delphi Corp.'s creditors committee, claiming it is the partsmaker's largest unsecured creditor with a claim of more than $1.3 billion. Currently the UAW has a seat on the committee as well as the Pension Benefits Guaranty Corp. GM contended it needed to have a say in how the supplier was reorganized to ensure its own ability to remain viable. A hearing on the motion is scheduled for March 9 before U.S. Bankruptcy Judge Robert D. Drain for the Southern District of New York. Objections to the appointment must be filed by March 6. -Michael Strong
Delphi Sets Final UAW Deadline
by Joseph Szczesny
Will there be a strike on March 30?
SAE Hoping Congress Will Get More Attention
The Society of Automotive
Engineers is planning a comeback for annual Congress & Exposition,
which will be held in early April in
The annual SAE meeting has lost
its luster in recent years, but for 2006 five different manufacturers - General
Motors, Ford, DaimlerChrysler,
For 2006, the technical sessions and educational seminars have been reorganized so that participants get a better chance to look at the displays on the Exposition floor inside Cobo Hall. In addition, the SAE has set up a series of private salons so suppliers can show off their ideas and components to customers without having competitors peering over their shoulders - one of the key reasons many suppliers had withdrawn from the SAE event in recent years.
Chalker said this year SAE is expecting more visitors from abroad due to the changing nature of the business, which is more global and international than it was only ten years ago.
Don Whitsitt, vice president with
Aisin, a Japanese supplier that has a large presence in
"The SAE meeting is one of the few venues in the world where we get a look under the skin of an automobile," said Robert Last of FEV, a German auto supplier.
Chalker also told the Automotive
Press Association meeting in
The magazine ranked 303 companies.
DaimlerChrysler, which made the list, is sort of an American company. General
Motors and Ford did not rank in the top half of the motor vehicle segment and
weren't ranked in the overall list. The top five in motor vehicles were:
Using a scale of one (best) to 10 (worst), the companies were judged in eight categories: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products/services.
GM scored 10s in financial
soundness and long-term investment. The company's highest score was a six for
social responsibility. Ford's best score was also in social responsibility,
where it notched a three.
Industry Report: Feb. 13, 2006 by TCC Team
Lear CFO Jumps to Raytheon
The chief financial officer of struggling interiors supplier Lear Corp. is leaving to take on a like post at military supplier Raytheon Corp. David Wajsgras, 48, will depart Lear on March 10, according to a report in Automotive News. Wajsgras has been CFO for four years; he'll be succeeded by vice chairman James Vandenberghe on an interim basis until a successor is named. Lear's losses in 2005 totaled more than $1.3 billion.
Ford Piquette Plant Makes Landmark List
The birthplace of the Ford Model T
has been named to the roster of National Historic Landmarks. Ford Motor
Piquette: Ford's Best-Kept
Secret? by Mike Davis
The watershed of
FROM THE SOURCE headlines from the latest press releases
NextEnergy, Michigan's non-profit alternative energy technology incubator, has formally launched a Hydraulic Hybrid Working Group. The mission of the Working Group is to create greater awareness of hydraulic hybrid technology, advance its commercialization for use in automotive and commercial vehicle applications, and to develop technology-neutral standards and policies for hybrid vehicles.
|American Axle & Mfr. Holdings Inc.||AXL||17.03|
|Ballard Power Systems Inc.||BLDP||5.91|
|DaimlerChrysler AG (ADR)||DCX||56.46|
|Dura Automotive Systems||DRRA||2.45|
|Ford Motor Company||F||8.30|
|General Motors Corporation||GM||21.19|
|Goodyear Tire & Rubber||GT||14.72|
|Honda Motor Co. Ltd. (ADR)||HMC||29.44|
|Johnson Controls Inc.||JCI||70.20|
|Magna International Inc.||MGA||73.69|
|Nissan Motor Co. Ltd. (ADR)||NSANY||23.69|
|Sonic Automotive Inc.||SAH||26.35|
|Sirius Satellite Radio||SIRI||5.29|
|Toyota Motor Corporation (ADR)||TM||106.73|
|TRW Automotive Holdings||TRW||27.23|
|Tower Automotive Inc.||TWRAQ.PK||0.071|
|United Auto Group Inc.||UAG||43.47|
|XM Satellite Radio Hold.||XMSR||21.95|