Date:
Thu, October 19, 2006 10:00:16 PMFrom:
DailyEdition@thecarconnection.com
Subject:
Daily Auto News: Oct. 20, 2006
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Daily Auto News: Oct. 20, 2006
Chrysler Calls in Benz Help for
Cuts
The looming billion-dollar loss at
Chrysler Group for the third quarter has the company scrambling for cuts - and
the Wall Street Journal reports
without irony that it's Mercedes-Benz offering help to its American cousin as it
wields its spreadsheet axe. The Journal
reports that "Project Refocus" has the goal of cutting $1000 out of the cost
of every vehicle Chrysler builds - and that Mercedes-Benz COO Rainer Schmuekle
is one of the execs charged in helping Chrysler reach that goal. Chrysler
expects to report a third-quarter loss of $1.5 billion, largely based on unsold
inventory and slumping sales of pickups and SUVs. The financial report is due
next week.
Chrysler
troubles not limited to Michigan
Kia Groundbreaking Today in
After long delays that arose from
the house arrest of its chairman, Kia Motors will hold its groundbreaking on
Friday in West Point, Ga., at a site close to the border with Alabama and a
short drive from sister company Hyundai's plant in Montgomery. The Kia plant,
for which no new products have yet been named, is a $1.2 billion venture that
was announced last year. In May, Kia said it would indefinitely delay the
groundbreaking for the plant due to the house arrest of Hyundai chairman Chung
Mong-Koo for political bribes. With Chung out of jail, the plant and a Hyundai
factory in the
Kia's next Sorento, spied by TCC
GMC's new crossover vehicle, the
'06
Touareg Diesel On
Diesel rules for the U.S. are changing - and that's led Volkswagen to the unusual step of importing a string of Touareg diesels for U.S. sale as 2006 models long after the start of the 2006 model year. The new Touareg diesels meet 2006 emissions rules with particulate filters; VW still is working on solutions so that its diesels will meet the more stringent 2007 emissions rules taking effect next year. VW had held off on offering the Touareg V-10 diesel until it could guarantee the availability of low-sulfur fuel, which arrived at pumps nationwide on Sunday. The Touareg diesel boasts 310 horsepower and 553 pound-feet of torque, and a long list of standard equipment to go with its $67,750 price tag, including a six-disc CD changer, navigation system, quad-zone climate control, and side-curtain airbags.
VW's diesels take a year off - read more
Volvo Sports Up XC90 V8
A new V8 Sport edition of the Volvo XC90 sport-ute is headed to showrooms, the Swedish Ford brand announced on Thursday. Volvo says the company's responding to owner requests for a sporting model by outfitting the XC90 V8 model with a dynamic sport chassis, stiffer anti-roll bars, firmer shock absorbers, and a sport steering system, along with 19-inch wheels. The seven-seater will be offered in Passion Red or Electric Silver paint, blue interior lighting, and an optional Dynaudio sound system. It's priced from $49,995 with destination included.
Nissan Recalling Murano, Maxima
The Nissan Murano and Maxima will be recalled for a potential defect in its ignition system, the Associated Press reports. The worldwide recall of 132,000 vehicles includes about 70,000 Murano crossovers and 10,00 Maxima sedans. In affected vehicles, the ignition assemblies could have connections that result in no starting or starting when the ignition is not keyed. The repairs will be completed for free at Nissan dealerships.
It's the same but different. A new version of the
world-famous
Badged the TX4, it replaces the TX2 that was launched in 2002. Both ends of the vehicle have been restyled but the biggest change is under the skin, where a new 2.5-liter turbodiesel engine has been fitted to meet Euro IV emissions regulations. Anti-lock brakes and a coil spring suspension are part of the package for the first time, plus new in-car entertainment options, improved air conditioning and a better driver/passenger intercom.
The upgrade has taken three years
and cost $9.3 million. Prices start at $50,000. The
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From TCConfidential
BP,
Pope Have a VW Moment Together
The Holy Father gets some new wheels - but no dubs!
The Taurus rolls into history. So why aren't we crying?
He Saw Dead People, Now He Sees the Judge
Acting prodigy Haley Joel Osment cops plea to drunk mailbox mowing. Diff'rent strokes, anyone?
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FROM THE SOURCE headlines from the latest press releases
North American International Auto Show 2007 Charity Preview Tickets On Sale
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| Name | Symbol | Last | Change |
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| Autobytel, Inc. | ABTL | 3.26 | |
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| Autoliv Inc. | ALV | 57.53 | |
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| AutoNation Inc. | AN | 20.74 | |
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| ArvinMeritor Inc. | ARM | 15.57 | |
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| American Axle & Mfr. Holdings Inc. | AXL | 19.06 | |
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| Ballard Power Systems Inc. | BLDP | 5.92 | |
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| BorgWarner Inc. | BWA | 59.80 | |
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| Cummins Inc. | CMI | 137.29 | |
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| DaimlerChrysler AG (ADR) | DCX | 52.31 | |
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| Dura Automotive Systems | DRRA | 0.24 | |
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| Eaton Corporation | ETN | 73.46 | |
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| Ford Motor Company | F | 8.03 | |
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| General Motors Corporation | GM | 33.04 | |
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| Gentex Corporation | GNTX | 14.24 | |
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| Goodyear Tire & Rubber | GT | 14.45 | |
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| Honda Motor Co. Ltd. (ADR) | HMC | 34.28 | |
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| Johnson Controls Inc. | JCI | 83.67 | |
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| Lear Corporation | LEA | 28.69 | |
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| Magna International Inc. | MGA | 74.48 | |
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| Motorola Inc. | MOT | 23.46 | |
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| Nissan Motor Co. Ltd. (ADR) | NSANY | 22.78 | |
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| Sonic Automotive Inc. | SAH | 24.17 | |
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| Siemens AG | SI | 87.62 | |
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| Sirius Satellite Radio | SIRI | 3.80 | |
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| Toyota Motor Corporation (ADR) | TM | 114.81 | |
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| TRW Automotive Holdings | TRW | 25.42 | |
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| Tower Automotive Inc. | TWRAQ.PK | 0.06 | |
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| United Auto Group Inc. | UAG | 23.41 | |
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| Visteon Corporation | VC | 7.97 | |
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| XM Satellite Radio Hold. | XMSR | 11.36 | |
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You'll find lots more at TheCarConnection.com, including service tips from our resident gearhead Bob Weber; buying, selling, and leasing tips; recall and safety links; and a wide range of news, views, and reviews from the automotive world's top columnists.

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