Jeep Patriot Charges
UAW Delays Strike Vote at
The United Auto Workers is holding off on scheduling a strike vote among workers employed by Delphi Corp. as it tries to develop a strategy for fighting the rising demands for concessions. And the union's running into complications in its tough-guy strategy, including the retirements of several key negotiators.
DaimlerChrysler AG's top brass has never been big fans of hybrid vehicles, but the public's generally favorable perception of hybrids has given the green machines an important boost. And that's why the Chrysler Group confirmed last week it plans to offer a hybrid version of the Dodge Durango starting in 2008.
Will Caddy's BLS Crack the Euro Code?
Gas Prices Up Sharply
The cost of gasoline increased sharply across the country last week as seasonal changes and uncertainty over supply drove up pump prices, observers said. The national average for regular self-serve gasoline is $2.60 a gallon, nine cents higher than last week.
"We're in the time of year when steep price increases are common, but this year prices are being boosted by speculation about whether there will be sufficient gasoline supplies for later in the year," said Auto Club spokesperson Carol Thorp. "It may be several weeks before a clear picture develops on the nation's gasoline production, but in the meantime, prices could climb to near $3 per gallon."
The same pattern prevailed in
GM Plans Cuts in Lordstown Production
GM officials have confirmed the automaker was preparing to reduce production
at its assembly complex in
GM, however, wanted
to make sure the pace of production was sustainable,
The solution was to eliminate the
third shift and increase the rate of production from 53 to 62 units per hour on
the remaining two shifts, he said. Daily production in Lordstown will drop from
1300 units to about 1000 units,
A new research report predicted that General Motors' first-quarter earnings
could be better than expected but cautioned the automaker's total bill for the
"We believe that GM could surprise the Street when they report (first-quarter) earnings, as a result of benefits from GM's new pricing strategy, volume/mix benefits from ramp-up of the GMT-900 SUVs, and an accounting benefit from the Jobs Bank charge.
"We would caution investors from drawing conclusions from the (first-quarter) numbers, as they may include several anomalies," the research note added. "But we are maintaining our 25 cents per share loss estimate for the full year," said.
The Deutsche Bank report also noted that there's a growing risk GM might have to trim production in few months. "Despite the strong production quarter, GM's market share continues to disappoint. GM's sales to retail customers declined nine percent in the quarter, despite the new SUVs. An escalation of gas prices this summer could put GM's new product plan to the test, the report added. -Joseph Szczesny
Chairman of Hyundai Returns to
Chung Mong-koo, the Chairman of Hyundai Motor, returned to
Chung's return from the
Chung Mong-koo, 68, left
His sudden departure to the
1725 votes have been cast
Chrysler 300 Long Wheelbase
2007 Audi TT - front
Jeep lobs a Patriot missile at the Kia Sportage this week . Stay tuned for the inevitable New York Times piece claiming the company had been planning the launch since the day Dieter Zetsche took office.
It's bedtime at Ford, what with the arrival of the new Sport Trac, minus the familiar Explorer prefix. We're assuming that the 4.5-foot cargo box just didn't have the room for the Explorer tag any more. Either that or that Ford is consciously moving itself away from that nameplate's lead-shoes sales effect.
Dodge's Durango gets a hybrid powertrain mated to its HEMI engine for the 2008 model year. We don't know about you, but the new ad catchphrase, "That thing got a nickel-metal-hydride battery?" doesn't sound like a Clio winner to us.
Mazda's new CX-9 has nothing to do with the CX-7, which it turns out has nothing to do with the Ford Edge, which certainly has nothing to do with the Mazda5, which in turn is no relation to the Ford Escape. Wait, shouldn't all these crossovers have at least one parent in the household at all times?
Cadillac has a shot at Euro credibility with the new BLS. With a turbodiesel engine, compact proportions and a steep pricetag, we're predicting the French will love it in true contrarian fashion.
This week's peak-oil update: some scientists still think the world is running out of oil. For accuracy's sake, we'll just leave the headline running for the next 20 years since it's changed so little in the past 30.
And finally this week, former Sheryl Crow-lovin' cyclist Lance Armstrong will pilot the pace car at the Indy 500. Given his tendency to toss away things of incredible talent and beauty, we'd suggest hanging around after the he pulls back in the pits. (Do your Sir Mix-A-Lot and pull in quick to retrieve 'em.)
FROM THE SOURCE headlines from the latest press releases
|American Axle & Mfr. Holdings Inc.||AXL||16.20|
|Ballard Power Systems Inc.||BLDP||7.76|
|DaimlerChrysler AG (ADR)||DCX||56.95|
|Dura Automotive Systems||DRRA||2.35|
|Ford Motor Company||F||7.60|
|General Motors Corporation||GM||19.51|
|Goodyear Tire & Rubber||GT||13.89|
|Honda Motor Co. Ltd. (ADR)||HMC||32.86|
|Johnson Controls Inc.||JCI||77.12|
|Magna International Inc.||MGA||74.85|
|Nissan Motor Co. Ltd. (ADR)||NSANY||24.02|
|Sonic Automotive Inc.||SAH||27.50|
|Sirius Satellite Radio||SIRI||5.31|
|Toyota Motor Corporation (ADR)||TM||114.10|
|TRW Automotive Holdings||TRW||22.75|
|Tower Automotive Inc.||TWRAQ.PK||0.082|
|United Auto Group Inc.||UAG||41.38|
|XM Satellite Radio Hold.||XMSR||23.30|