Automobile Industry News--4.26.12

Car companies see lucrative quarter Hurriyet Daily News (press release) "The automobile industry has had to continue to operate in a difficult environment," Mitsubishi said in a statement yesterday. South Korea's largest carmaker Hyundai Motor said yesterday its first-quarter net profit jumped 31 percent from a year ... See all stories on this topic » Hurriyet Daily News (press release)

US auto industry: The road to recovery? BBC News Detroit was the birthplace of the auto-industry but in 2009 it nearly died here. General Motors and Chrysler stood on the brink of bankruptcy, their finance arms busted by the credit crunch, their manufacturing busted by the resulting downturn and ... See all stories on this topic » BBC News

Book Talk: 15 cars that shaped American life Reuters By Bernard Vaughan | NEW YORK, April 26 (Reuters) - Author and journalist Paul Ingrassia is a passionate car buff who covered the automobile industry for more than 25 years, working for the Wall Street Journal and winning both a Pulitzer Prize and ... See all stories on this topic »

China's domestic automakers overshadowed by global rivals China Daily BEIJING - Despite being the world's largest auto market, China has yet to build a strong domestic car industry, as imported vehicles and joint-stock brands still account for the lion's share of the market. Domestic automakers produced 84 of the 120 ... See all stories on this topic »

Govt proposes a board for growth of automobile sector Zee News New Delhi: The government Thursday said it has proposed setting up of a National Automotive Board (NAB) under the Department of Heavy Industry to support new initiatives for the growth of the automobile sector. "NAB would be set up as an autonomous ... See all stories on this topic » Zee News

China's automobile expansion favorable to Harman China Daily "Seeing the potential of China's robust automobile industry, we expect our annual sales in China to surge to $1 billion by 2015, when China will be our largest market in the world," said Paliwal. "Till then, China will contribute at least 20 percent of ... See all stories on this topic »

Auto parts industry losing ground Windsor Star By Grace MacAluso, The Windsor Star April 26, 2012 Global sales are improving, and the Canadian auto parts industry is bouncing back; however, the inability of suppliers to make inroads in the fast-growing markets of Asia and Latin America is ... See all stories on this topic »

Lamborghini SUV wins top Autoweek AutoWeek This is a sharp car that happens to be small. That's a smart move." The MG brand is still alive, albeit owned by Chinese carmaker Shanghai Automobile Industry Corp. (SAIC). The company used the Beijing show to preview the MG Icon, a vehicle that could ... See all stories on this topic »

PRESS RELEASE: Denso Corp Exec Agrees To Plead Guilty To Automobile Parts ... Wall Street Journal Including Hattori, nine individuals and five companies have been charged in the department's ongoing investigation into price fixing and bid rigging in the auto parts industry. Furukawa Electric Co. Ltd, DENSO Corporation and Yazaki Corporation have ... See all stories on this topic »

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