AUTOS' WORLD NEWS
* Daimler chairman denies breaking German law
FRANKFURT,Germany -Reuters -Jan 19, 2006: DaimlerChrysler Chairman Hilmar Kopper has denied allegations that he violated insider trading regulations, Frankfurter Allgemeine Zeitung reported in an advanced copy of its Friday edition... On Wednesday, Jan. 18, German prosecutors launched an insider trading investigation into Kopper's dealings, but an official declined to provide details on why it had started the probe...
* Agnelli family denies plans to split interests
MILAN,Italy -Reuters -Jan 20, 2006: The Agnelli family, which controls Fiat, has no plans to split its interests and put the carmaker in the hands of deputy chairman John Elkann and his branch of the family, parent company Giovanni Agnelli & C said, denying a news report... I would like to make clear ... that the idea of a "break up" referred to in the article has no echo in the operations or in the plans of our group," Gianluigi Gabetti, chairman of the Agnelli family holding firms, said in a letter to weekly magazine Panorama which is due to publish the report Friday... John Elkann is a grandson of Gianni Agnelli, who died in 2003, and a great-great grandson of Fiat's founder...
* VW boardroom strife eases as investors end row
FRANKFURT -Reuters -Jan 20, 2006: A divisive boardroom power struggle at Volkswagen that threatened to delay crucial restructuring efforts at Europe's largest carmaker eased on Friday as its two biggest investors ended a row... The deal announced by Porsche and the German state of Lower Saxony puts the sports car maker's CEO on VW's supervisory board next week while strengthening the hand of embattled VW CEO Bernd Pischetsrieder and providing for a more independent chairman to oversee VW in the future...
* "Hydrogen isn't the only answer to powertrain puzzle"
DETROIT,Mich,USA -Automotive News, by Amy Wilson -Jan 18, 2006: Gasoline-powered internal combustion engines will be around for at least 50 years, Ford Motor Co.'s top environmental engineer says... But the industry will turn to a wide variety of alternate technologies, including diesels and fuel cells, in the meantime. "You're going to see everything," said Sue Cischke, Ford vice president of environmental and safety engineering... "There's not just one answer. The question of whether hydrogen will be the answer or not is still one that everybody's debating."...
* Delphi’s Miller earned $3.87 million in 2005
DETROIT,Mich,USA -Automotive News, by David Barkholz -Jan 20, 2006: Delphi Corp. CEO Steve Miller earned $875,000 in salary between June and year’s end before he reduced his salary to $1 for 2006 in light of the company’s bankruptcy filing...
* Audi sales up 18 percent so far in January, CEO says
MUNICH,Germany -Reuters -Jan 19, 2006: Volkswagen's premium brand Audi has increased car sales by 18 percent so far in January from the same period last year, CEO Martin Winterkorn told Reuters on Thursday...
* Suzuki Motor sees global car sales up 10 percent in 2006
TOKYO, Japan -Reuters -Jan 20, 2006: Suzuki Motor Corp. predicted on Friday that its global car sales would rise 10 percent to a record 2.22 million units this year, boosted by robust demand for the Swift and other compact cars abroad...
* Renault leads 2005 German short-term registrations
FRANKFURT, Germany -Reuters -Jan 20, 2006: More than 21,600 new Renault cars registered in Germany in 2005 were de-registered within a month, putting the French carmaker top of the list for such short-term moves, official statistics showed on Friday...
* DaimlerChrysler raises Mercedes-Benz prices in Germany
FRANKFURT,Germany -Reuters -Jan 20, 2006: DaimlerChrysler will raise list prices for Mercedes-Benz cars in the core German market by an average 0.9 percent from Feb. 13, the world's fifth-biggest carmaker said on Friday...
* Johnson Controls earnings, sales above expectations
CHICAGO,Ill,USA -Reuters -20 Jan 2006: Auto parts maker Johnson Controls Inc. on Friday posted stronger-than-expected quarterly earnings and sales driven by growing demand in its automotive interior and batteries businesses...
* "Competition from India isn't in the cards any time soon"
DETROIT -Automotive News, by Greg Migliore -Jan 19, 2006: U.S. automakers may be concerned about imports from China, but competition from India isn't in the cards any time soon, says the president of India's second-biggest automaker... "In terms of quality, the Indian manufacturers are ahead of the Chinese", said Prakash Telang, Tata Motors' President ...
* Toyota to expand Mexico truck plant
Tokyo,Japan -Automotive News, by Greg Migliore -Jan 20, 2006: Toyota Motor Co. is spending $37 million to expand its Tacoma pickup plant in Tijuana, Mexico.The expansion will boost the annual capacity of the plant, called Toyota Motor Manufacturing de Baja California, by 20,000 units to 50,000. It also will be able to make 200,000 beds a year for Tacoma trucks. The expansion is to be complete by 2007...
Tokyo,Japan -Automotive News, by Greg Migliore -Jan 20, 2006: Toyota Motor Co. is spending $37 million to expand its Tacoma pickup plant in Tijuana, Mexico.The expansion will boost the annual capacity of the plant, called Toyota Motor Manufacturing de Baja California, by 20,000 units to 50,000. It also will be able to make 200,000 beds a year for Tacoma trucks. The expansion is to be complete by 2007...
* VW plant in Portugal to build additional model
FRANKFURT,Germany -Reuters -Jan 20, 2006: Volkswagen has decided to build an additional vehicle at its Portugese plant in Setubal from the first half of 2008, Europe's biggest carmaker said on Friday... "The decision to make a new model at Autoeuropa in Portugal is based on the plant's competitive cost level and the positive conditions that were created along with the Portugese government and labour representatives"...
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