November 2010

Chrysler issues improved financial results for third quarter

(November 8, 2010) AUBURN HILLS, Mich. — Chrysler today issued its financial results for the third quarter 2010 and revised upwards its full year 2010 guidance based on continued operating performance improvements.

Chrysler reported operating profit of $239 million for the quarter ending Sept. 30. Net revenues increased to $11 billion in the third quarter, up 5.2 percent from the second quarter, and net loss was reduced to $84 million from $172 million in the second quarter.

Ford's F-150 'Pull No Punches' campaign continues

(November 7, 2010) DEARBORN, Mich. — The rant continues. And so does Ford’s truck leadership. Since introducing the pull-no-punches advertising campaign two years ago, F-Series pickups have continued to lead the segment in capability, durability, fuel economy – and sales.

F-Series is the industry’s first vehicle to top sales of 400,000 units for the year with nearly 434,920 trucks sold.

New editition Challenger pumps out 470 horsepower

(November 7, 2010) For 2011, the Dodge brand’s modern American muscle coupe receives a big boost in power and performance.

The new Dodge Challenger SRT8 392 builds on its original mantra of a rear-wheel-drive coupe that promises a balanced approach between form and function, with impressive straight-line acceleration and world-class ride and handling to go along with high-performance braking and the latest technology that delivers improved fuel efficiency.

Rattner recounts takeover of GM, Chrysler in new book

By Casey Williams

In Steven Rattner’s new book “OVERHAUL,” he quotes former Obama Chief of Staff Rahm Emmanuel as saying, “Never let a crisis go to waste.” In 2008, Ford lost $8.7B in 2Q08 while GM burned $15.5B – crisis indeed.

Hyundai to be title sponsor of PGA's 2011 opener

(November 6, 2010) FOUNTAIN VALLEY, Calif  — The PGA Tour, Hyundai Motor America and Seoul Broadcasting System International has announced that Hyundai has become the title sponsor of the PGA Tour’s season-opening tournament at The Plantation Course in Kapalua, Hawaii for the next three years.

New Dodge Charger nose approved by NASCAR for 2011 season

(November 6, 2010) AUBURN HILLS, Mich. - The new Dodge Charger nose has been approved by NASCAR for the 2011 Sprint Cup Series season.

Mercedes to recall 2,297 diesel-powered cars

(November 5, 2010) Mercedes-Benz has announced plans to recall 2,297 diesel-powered, model-year 2011 E-Class, GL, M-Class and R-Class vehicles for a problem that could lead to fuel leaks.

The issue concerns an improperly lubricated O-ring that could cause the fuel filter to leak and deposit diesel fuel on roads. As a result, road surfaces could become slippery, and this could cause a crash.

Italian scooter maker Piaggio developing city car in India

(November 5, 2010) Italian scooter maker Piaggio is developing a low-cost three-seat city-car that could hit the roads by late-2013, according to Autocar India.

Called the NT3, the Piaggio concept was conceived in India, where it would battle the Tata Nano and the to-be-launched Hyundai Ha and a new sub-600cc Maruti, code named YE3.

Ford, MIT study ways to reduce driver stress

(November 5, 2010) CAMBRIDGE, Mass. — Ford Motor Company and the Massachusetts Institute of Technology (MIT) New England University Transportation Center (NEUTC) has revealed results from a nine-month advanced research project that shows drivers are less stressed when using selected new technological advancements in the car.

Toyota expects larger full-year profit

(November 5, 2010) Toyota raised its full-year profit forecast as sales in Asia grew more than estimated, outweighing the impact of a stronger yen.

Net income may total 350 billion yen ($4.3 billion) for the 12 months ending March 31, compared with an earlier estimate of 340 billion yen, the company said in a statement.