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Source: www.dailypress.com --- 29 days ago
Chrysler LLC Vice Chairman Jim Press said Wednesday that U.S. Automakers are entering a new era in which they can be competitive with Foreign brands, and he predicted the auto market will improve around 2010, when the company plans to offer seven new models. ... Source: www.topix.com --- 8 days ago
Empty of machinery, the new high-ceilinged, white-walled Honda assembly plant here is cavernous. ... Source: www.iht.com --- 30 days ago
Chrysler LLC Vice Chairman Jim Press said Wednesday that U.S. Automakers are entering a new era in which they can be competitive with Foreign brands, and he predicted the auto market will improve around 2010, when the company plans to offer seven new models. ... Source: www.washingtonpost.com --- 9 days ago
DETROIT -- Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford Motor Co., Toyota Motor Corp. and Chrysler LLC all posting drops of more than 30 percent. ... Source: www.topix.com --- 8 days ago
Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford Motor Co., Toyota Motor Corp. ...
Source: www.kentucky.com --- 8 days ago
Shares of major Asian Automakers took a beating Thursday after they reported dismal September sales figures in the U.S., their most important overseas market. Overall U.S. auto sales plunged last month, dropping below 1 million for the first time in more than 15 years as some consumers struggled to get car loans and others stay away from showrooms amid bank failures and Wall Street turmoil. Sales at every major U.S. and Foreign brand fell at least 24 percent from the previous year, with the exception of General Motors, which said it sold 16 percent fewer vehicles. The news sent Japanese and South Korean auto issues broadly lower Thursday and weighed on broader market sentiment. Shares of Toyota Motor Corp. tumbled 3.4 percent to 4,310 yen after Japan's top automaker posted a 32 percent drop in U.S. sales last month. Although the company's fuel-efficient offerings led to strong sales earlier this year, it too has faltered amid a broad downturn in the U.S. car market. ... Source: network.nationalpost.com --- 9 days ago
North America is not the only continent where auto companies are feeling pain. UBS Investment Research analyst Fadi Chamoun has slashed his earnings per share and price targets on Canada’s two largest auto suppliers because Automakers in Europe are building fewer vehicles. The analyst cut his fiscal 2009 and 2010 EPS forecast for Magna International Inc. by 10% and 4.3% respectively, saying the company will be hit by a 3.4% decline in vehicle production in Western Europe and get hurt by unfavourable Foreign exchange translation. His cut his 2008 EPS forecast for Magna by 1% to $5.54. Magna’s earnings will be down 40% year-over-year in the second half of 2008 "and we expect restructuring related write-downs to increase over the next twelve months as the company continues to right-size its North American manufacturinig footprint," Mr. Chamoun said. He rates Magna a “buy” with a new 12 month target of $65, down from $73 previously. Lower vehicle volumes in Western Europe will also hurt Guelph, Ont.-based Linamar Corp. , Mr. Chamoun said, as will a decline in demand for its aerial work platforms. He cut his fiscal 2008, 2009 and 2010 EPS estimates for Linamar by 2.2%, 11.2% and 8.5% respectively. He rates Linamar “neutral” with a new 12-month target of $11.50, down from $13.50. Nicolas Van Praet ... Source: autonet.ca --- 9 days ago
DETROIT - Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford Motor Co. (NYSE:F), Toyota Motor Corp. and Chrysler LLC all posting drops of more than 30 per cent. () ... Source: www.japantoday.com --- 9 days ago
Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford, Toyota, Chrysler… ... Source: www.azstarnet.com --- 9 days ago
DETROIT — Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford, Toyota, Chrysler and Nissan all posting drops of more than 30 percent. ... Source: www.bnd.com --- 9 days ago
Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford, Toyota, Chrysler and Nissan all posting drops of more than 30 percent. ... Source: www.timesleader.com --- 8 days ago
DETROIT — Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford, Toyota, Chrysler and Nissan all posting drops of more than 30 percent. ... Source: www.lansingstatejournal.com --- 9 days ago
UPDATED 2:48 PM - General Motors Corp. sales fell 15.8 percent in September, a month in which many domestic and Foreign Automakers also posted major sales declines. ... Source: www.heraldnet.com --- 8 days ago
DETROIT -- Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with... ... Source: www.rutlandherald.com --- 8 days ago
DETROIT -- Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford, Toyota, Chrysler and Nissan all posting drops of more than 30 percent. ... - The Associated Press The Associated Press ...
Source: www.record-eagle.com --- 8 days ago
Tight credit, economic worries and high gasoline prices combined to crush the sales of U.S. and Foreign Automakers alike last month, with Ford, Toyota, Chrysler and Nissan all posting drops of more than 30 percent. ... Source: www.industryweek.com --- 11 days ago
Suppliers and Foreign Automakers with plants in the U.S. are eligible for loans as well ... Find more results for Foreign Automakers on RSSMicro.com |
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Foreign Automakers (with one exception) aren't happy about the help their U.S. rivals may be getting. The House of Representatives has approved $25 billion in loans to American Automakers, with the Senate expected to follow suit shortly. The loans should help Detroit's Big Three recover from a disastrous 2008, and reconfigure their operations to produce more fuel-efficient, small cars and large SUVs. But while Detroit is hoping the loans will ... Read more of this story at U.S. News Rankings and Reviews ...