plus 4, Volkswagen cuts global market sales forecast - MoneyControl.com |
- Volkswagen cuts global market sales forecast - MoneyControl.com
- Ford Fusion Narrowly Beats Toyota Prius as Edmunds.com Visitors ... - Consumer Electronics Net
- Auto retailer Penske Automotive Group plans to offer 5.75 million ... - San Francisco Examiner
- Auto industry leads jump in wholesale sales: StatsCan - Ottawa Sun
- Sixth Annual 2010 NAIAS Automotive Education Day: Youth To Play ... - Forbes
| Volkswagen cuts global market sales forecast - MoneyControl.com Posted: 24 Jan 2010 03:25 AM PST
"This means a loss for the global market during this period that is equivalent to an entire calendar year," said senior VW manager and former head of group sales Detlef Wittig in a letter presented to VW's executive board. "This effect would lead to sustainably lower group deliveries to customers versus the previous plan, and as a result to a lower financial result," he went on to explain.
Automotive News' German-language newspaper did not cite a specific reason for the revision, but many carmakers have had to retreat from previously ambitious retail sales targets following the economic crisis. According to the report, Chief Executive Martin Winterkorn stuck to his target of surpassing Toyota as the world's largest carmaker by 2018. Volkswagen could not be reached for a comment. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Ford Fusion Narrowly Beats Toyota Prius as Edmunds.com Visitors ... - Consumer Electronics Net Posted: 22 Jan 2010 07:31 AM PST January 22, 2010 -- SANTA MONICA, Calif., BUSINESS WIRE --Edmunds.com, the premier online resource for automotive information, recently announced the results of the Consumers' Favorites hybrid vehicle survey. At the top of the list was the Ford Fusion Hybrid with 26 percent of the votes, closely followed by the Toyota Prius with 23 percent.  'Ford's mid-sized hybrid sedan, which helped boost Ford's overall sales performance in an otherwise dismal 2009, has been praised for its smooth operation, fuel economy, looks and interactive information system that helps drivers modify their behind-the-wheel behavior to increase fuel economy,' according to Edmunds' GreenCarAdvisor.com Senior Editor John O'Dell. Last week the Fusion Hybrid won the 2010 North American Car of the Year. Karl Brauer, Editor in Chief of Edmunds.com, was one of the 49 journalists on the jury. Recognizing the significance of the vehicle in the marketplace, Brauer recently helped to select it for inclusion in the Edmunds.com long-term test fleet; it is being reported on at http://blogs.insideline.com/roadtests/Vehicles/2010-ford-fusion-hybrid/ 'Coming in second in our survey, the Toyota Prius benefited from its combination of incredible fuel mileage, a spacious cabin and a versatile hatchback body style. The Honda Insight finished a commendable third place; that's rather impressive considering that this practical four-door hatchback was the least expensive candidate on the ballot,' noted Brauer. The ranking of hybrid cars among Edmunds.com visitors is:
(*Edmunds.com True Market Value prices are the national average prices recently paid nationwide, and do not include customer cash incentives. For customized pricing on vehicles of interest, please check http://www.edmunds.com/tmv/index.html.) To see the complete list and find out more about the winning vehicles, see Consumers' Favorites: Best Hybrid at Edmunds.com. Every month Edmunds.com invites consumers to vote on their favorite vehicles in a different category, then publishes the results so that car shoppers can gauge the popularity of the models they are considering. For recommendations and buying advice, please check the Edmunds.com Buying Guides at http://www.edmunds.com/buyingguide/2010/index.html. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Auto retailer Penske Automotive Group plans to offer 5.75 million ... - San Francisco Examiner Posted: 22 Jan 2010 10:23 AM PST BLOOMFIELD HILLS, MICH. — Penske will offer 5.75 million in common shares of its automotive retail division in a secondary offer, the company said Friday. Penske Automotive Group Inc. said the offering would not be dilutive to shareholders, but shares slid on Friday. Founder Roger Penske will not sell any shares he owns personally and is expected to still own 35 percent of Penske Automotive Group's outstanding common shares, the company said. When the offer is complete, Penske Corp. and Roger Penske are expected to have 52 percent of voting power. The underwriters of the offering have the option to buy 750,000 shares to cover any overallotments. BofA Merrill Lynch and JPMorgan are the book-running managers for the offering. Shares of the auto group, based in Bloomfield Hills, Mich., fell $1.04, or 6.4 percent, to $15.29 Friday Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Auto industry leads jump in wholesale sales: StatsCan - Ottawa Sun Posted: 21 Jan 2010 11:00 AM PST Gains in the automotive products sector in Ontario were the main catalyst for a 3.5% jump in wholesale sales in the province in November. According to Statistics Canada, $21.7 billion in sales were recorded making it the most robust month since September 2008. Nationally, wholesale numbers gained 2.5% in November to $42.4 billion, the fifth increase in six months. In volume terms, wholesale sales were up 2.1%. During that period, Canadian wholesalers regained one-third of the losses incurred since the last peak in July 2008. November's solid growth was the result of widespread gains, with six of the seven sectors reporting increased sales. The automotive products sector contributed the most to the rise in November, followed by the food, beverages and tobacco products sector. Sales in the automotive products sector rose 7.8% in November to $7.3 billion, the eighth increase since the beginning of 2009. The Stat Can report said it benefited from strong sales in the motor vehicles trade group, reflecting the strength of Canadian imports. According to the latest Canadian international merchandise trade release, Canadian imports of automotive products rose 9.4% in November, mainly due to increased imports of trucks and other motor vehicles. The food, beverages and tobacco products sector at 2.5% also contributed to the growth in wholesale sales. Except for Nova Scotia and New Brunswick, all Canadian provinces posted increased wholesale sales in November. However, Ontario and Quebec were the main contributors to this growth. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Sixth Annual 2010 NAIAS Automotive Education Day: Youth To Play ... - Forbes Posted: 19 Jan 2010 09:08 AM PST
DETROIT, Jan. 19 /PRNewswire/ -- Students will play a crucial role in the continued growth of the automotive industry's future and can start getting direction in those fields when they attend Automotive Education Day presented by State Farm Insurance at the North American International Auto Show (NAIAS). Southeast Michigan and surrounding area school groups in grades 9-12 and at the college level are invited to attend Automotive Education Day presented by State Farm Insurance at the NAIAS on Jan. 20, 2010 from 8 a.m. to 3 p.m. at Cobo Center in Detroit. Article ControlsThe sixth annual Automotive Education Day will allow students to explore the many different career pathways available in all automotive fields through breakout sessions, lesson plans and one-on-one discussions with various human resources representatives. In addition, the 2010 NAIAS Automotive Education Day will also include: -- Myles Kovacs as the event's featured speaker. Kovacs is the president and co-founder of DUB Magazine. Guy Gordon of WDIV-TV will serve as event emcee. Doug Fox, Chairman of the 2010 NAIAS will be on hand to greet the students. Don Tersigni, comedian, will be introducing the show. -- Steve Skindell will be performing street magic throughout the day. -- The Pistons drum line, Hooper, Mini Hooper and the Palace Patrol will be interacting with the crowd prior to the start of opening remarks. -- There will be a scavenger hunt where the grand prize winner will receive a Sony Playstation 3. -- Ten students arriving early for the opening remarks will receive a ticket for themselves and a guest to the sneak preview on Feb. 11 at the Palladium in Birmingham for Percy Jackson & The Olympians: The Lightening Thief. Students chosen will also be part of a meet-and-greet/autograph signing with the following cast members from the film: Brandon T. Jackson, born and raised in Detroit and featured in Tropic Thunder, 8 Mile, Roll Bounce, and The Day the Earth Stood Still. Jake Abel, seen in The Lovely Bones, Angel of Death, Strange Wilderness and Flash of Genius. Logan Lerman has been in Gamer, My One and Only, 3:10 to Yuma, The Number 23, Hoot, and the TV series Jack & Bobby. Alexandra Daddario has been in the TV series All My Children, The Squid and the Whale, The Attic, and The Babysitters. -- The Michael Berry Career Center is bringing its arts students for a tour with Aramark's Executive Chef, Jamie Miller, at 10:30 a.m., further proof of the ripple economic effect stimulated by the NAIAS. "The automotive industry continues to change, and largely for the better, by forcing us all to adapt to a new global landscape," said Doug Fox, 2010 NAIAS Chairman. "Our students are the next thinkers and innovators of this industry to take tomorrow's automotive market into the highly-skilled and technically-savvy realm it demands. Automotive Education Day is designed to stress the importance of a good education and help these future employees find their niche." Thousands of students from a variety of schools throughout southeast Michigan, surrounding states and across the river in Windsor, Ontario, Canada are expected to attend. The activities get under way promptly at 8:30 a.m. with opening remarks at Cobo Arena. "The response to Automotive Education Day has always been staggering," said Fox. "It lets us know this industry does have a bright future because the passion of so many students keeps fueling its next steps. Attendees will not only take in the amazing exhibits and stunning production and concept vehicles, but come away from this event with an experience that could help to shape their future." Tickets for Automotive Education Day are $12 (USD and CAN) per student and include a lunch ticket. One adult chaperone per 10 students is required. Online registration is available at www.naias.com/aed.htm. Contact Lacey Lambert at llambert@dada.com with any questions. The NAIAS currently runs now through Jan. 24 at Cobo Center, Detroit, Mich. About the North American International Auto Show Entering its 22nd year as an international event, the North American International Auto Show (NAIAS) hosts more brands, manufacturers and media than any other automotive event in the Western Hemisphere. The NAIAS is the only auto show in the United States to earn an annual distinguished sanction of the Organisation Internationale des Constructeurs d'Automobiles (OICA), the Paris-based alliance of automotive trade associations and manufacturers from around the world. The NAIAS Web site can be accessed at www.naias.com. SOURCE North American International Auto Show Copyright 2009 PR Newswire All rights reserved. Five Filters featured article: Chilcot Inquiry. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
Volkswagen (VW) revised its previous assumptions for global car market sales lower by 67 million vehicles for the period through 2018, Automobilwoche reported, citing a letter presented to VW's top management. 
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Your Comments
I bet you those 'stats' are cooked up by the government to make it 'look good'.
I pass by at least 5 car dealerships everyday and they`re always as empty as a Stephen Harper Fan Club.
Dan, January 21st 2010, 12:22pm