FRANCE: PSA swings back to H1 profits

FRANCE: PSA swings back to H1 profits

PSA Peugeot Citroen has booked first half operating income of EUR1,137m compared with a EUR826m loss a year ago on revenue up just over 20%.

FRANCE: GM obtains reluctant signature from union

FRANCE: GM obtains reluctant signature from union

General Motors' plan to acquire the automatic transmission plant in Strasbourg has taken a step closer to fruition.

JAPAN/GERMANY: Fuso claims twin clutch transmission first

JAPAN/GERMANY: Fuso claims twin clutch transmission first

Fuso is the first truck manufacturer worldwide to introduce a double-clutch transmission in commercial vehicles.

RUSSIA: GM, GAZ, resume partnership talks

RUSSIA: GM, GAZ, resume partnership talks

General Motors may be reviving plans to build cars in Russia as a partner of that country's second largest automaker, GAZ, local media reports said.

US: Chevy prices Volt

US: Chevy prices Volt

Chevrolet said its Volt range extender hybrid would be priced from US$41,000 ($33,500 after the full federal income tax credit which ranges from $0 to $7,500)and would also be offered on 36 month lease from $350 a month.

ANALYSIS: Analysts fear double-dip scenario for European auto industry

ANALYSIS: Analysts fear double-dip scenario for European auto industry

Analysts at JD Power Automotive Forecasting have told just-auto of the possibility of a squeeze in demand and fall to automotive production in Europe later this year and in 2011 due to the risk of a double-dip or 'W-shaped' economic recession.

GERMANY: Porsche builds 25,000th Panamera

GERMANY: Porsche builds 25,000th Panamera

Porsche's Leipzig factory in eastern Germany has built the 25,000th Panamera, 10 months after sales began.


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FRANCE: GM obtains reluctant signature from union

29 July 2010

General Motors' plan to acquire the automatic transmission plant in Strasbourg has taken a step closer to fruition.

JAPAN: Hyundai doubles first half net profit

29 July 2010

Hyundai Motor Company sold 1,764,254 units of which domestic & exports were 855,140 units and overseas plants, 909,114 units, worldwide in the first half of this year, a 27% increase from a year earlier.

US: Federal-Mogul reports strong Q2 results

29 July 2010

Federal-Mogul has reported strong second quarter financial results with net income up to USD49m from USD7m last year.

 

COMMENT: Accelerated EV relief

News of the UK government's decision today (28 July) to approve grants of up to GBP5,000 (US$7,790) for ultra-low carbon vehicles will come as an enormous relief to manufacturers.

Hot issue

'New GM' eyes 'old GM's' transmission plant

General Motors' plan to acquire the automatic transmission plant in Strasbourg has taken a step closer to fruition. The plant is currently owned by 'old GM, officially Motors Liquidation Company, with 'new' GM reportedly looking to buy it for a symbolic EUR1 (US$1.30). But the purchase has been repeatedly thwarted by the Confederation General du Travail (CGT) union's refusal to sign a productivity agreement.

 

RESEARCH ANALYSIS: Toyota leads in full hybrids, but others are following

In the full hybrid arena, Toyota continues its utter dominance. Since 1997, it has made more than 2m vehicles using its Hybrid Synergy Drive system, and continues toward its goal of offering a hybrid variant of every model it builds.

Hot issue

UK: EIB stresses loan importance to automotive industry

UK: EIB stresses loan importance to automotive industry

Automotive funding from the European Investment Bank (EIB) is crucial to the future of low carbon technology development and should not be stalled because of problems with credit access, said the Luxembourg-based body.

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The blog: It ain't half hot in er, Moscow

I tend to look at the Moscow temperatures on a daily basis (I know) with a sort of grim fascination as they frequently challenge the lower end of the mercury scale.

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