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A collection of news and information related to Automotive Equipment published by Tribune Company sources.
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German billionaire throws himself in front of train after businesses sink in global meltdown
Associated Press WriterBERLIN (AP) — German billionaire Adolf Merckle threw himself in front of a train after his business empire, which included interests ranging from VW cars to pharmaceuticals to cement, ran into trouble in the global financial crisis, his family...Tags: Volkswagen AG, Financial Markets, Vehicles, Corporations
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German mogul kills self over financial meltdown
German billionaire Adolf Merckle threw himself in front of a train after his business empire, which included interests ranging from VW cars to pharmaceuticals to cement, ran into trouble in the global financial crisis, his family said today. The 74-year-...Tags: Volkswagen AG, Financial Markets, Vehicles, Corporations
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Renault orders boosted by French car scheme
Orders for Renault cars were boosted in December by a government-sponsored euro1,000 bonus for French consumers who trade in old cars for new lower-emission models, a top executive at the automaker said Tuesday. The measure, introduced by President...Tags: Passenger Cars, Renault SA, Vehicles, Inventories, Nicolas Sarkozy
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US auto sales drop in 2008, recovery unclear
AP Auto WriterAfter a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a recovery might occur....Tags: Alabama, U.S. Department of Treasury, General Motors Corp., Hyundai Motor Co., Sales
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German car exports down 22 pct in December
German automakers exported 22 percent fewer cars in December than a year earlier, with production down by the same amount, the country's main industry group said Tuesday. The auto industry -- a mainstay of Germany's strong manufacturing sector -- has...Tags: Volkswagen AG, BMW AG, Passenger Cars, Porsche, Daimler AG
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Renault says French government's euro1,000 bonus for low-emission cars helped orders in December
ARGENTEUIL, France (AP) — Orders for Renault cars were boosted in December by a government-sponsored euro1,000 bonus for French consumers who trade in old cars for new lower-emission models, a top executive at the automaker said Tuesday. The...Tags: Passenger Cars, Renault SA, Vehicles, Inventories, Nicolas Sarkozy
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General Motors sales in China rise 6 percent in 2008 but growth rate slows
AP Business WriterBEIJING (AP) — General Motors Corp. said Tuesday its sales in China rose 6 percent to 1.09 million vehicles in 2008, but growth slowed as consumers held back amid an economic downturn. GM is looking to China's booming auto market to drive global...Tags: Passenger Cars, Buick, Restructuring and Recapitalization, General Motors Corp., Disasters
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German car exports fall 22 percent in December; similar drops seen in production
BERLIN (AP) — German auto makers exported 22 percent fewer cars in December than a year earlier, with production down by the same amount, the country's main industry group said Tuesday. The auto industry — a mainstay of Germany's strong...Tags: Volkswagen AG, BMW AG, Passenger Cars, Porsche, Daimler AG
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World stocks advance as oil pushes to near $50 a barrel, but weak US data reins in optimism
AP Business WriterLONDON (AP) — World stock markets rose Tuesday as the New Year optimism continued amid relatively positive corporate news, particularly from the struggling British retailing sector, and despite some dismal U.S. economic data. The escalation of...Tags: Central Bank, Financial Markets, Commodity Markets, Stock Broking, Philosophy
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US auto sales tumble 18 pct in 2008; GM sells fewest vehicles in 49 years
AP Auto WriterDETROIT (AP) — After a year in which U.S. auto sales tumbled 18 percent and GM had its worst year in nearly a half-century amid slack demand fueled by a terrible economic outlook and growing job worries, automakers are reluctant to predict when a...Tags: Gymnastics, U.S. Department of Treasury, General Motors Corp., Hyundai Motor Co., Sales
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US service sector improves slightly in December; factory orders, pending homes remain weak
AP Economics WriterWASHINGTON (AP) — A measure of the U.S. services sector improved slightly in December, beating analysts' estimates, but pending home sales and factory orders both fell more than expected and the overall economic outlook remains grim. In a reading...Tags: Chrysler LLC, Stock Activities, Petroleum Industry, General Motors Corp., Boeing Co.
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Hybrids Finish 2008 In the Dumps, With Prices Weakened and Sales Down
Edmunds.comBy John O'Dell, Senior Editor December's gas-electric car and SUV sales plunged almost 43 percent from the final month of 2007 as the year wound up on a discouraging note for the only alternative technology vehicles to so far make a dent in the auto...
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|Story| Associated Press
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|Blog| Edmunds.com
