GM To Cut Workers Production Dividend - TOP 10 Auto News Today 20080721

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GM To Cut Workers Production Dividend - TOP 10 Auto News Today 20080721

Posted Monday, Jul 21, 2008 by autos

TOP 10 - PREVIEW Auto parts cos to see costs pinch from Q1 profits

Major Indian auto parts makers are seen reporting marginal-to-modest profits in the June quarter with rising input costs gnawing into margins.Amtek Auto Ltd (AMTK.BO: Quote, Profile, Research) and Motherson Sumi Systems (MOSS.BO: Quote, Profile, Research) are seen posting a marginal rise in profit, while Bharat Forge (BFRG.BO: Quote, Profile, Research) may see profit fall 24 percent, a Reuters poll of analysts showed.

[ Source : in reuters ]

TOP 9 - Hamilton schools Ferrari

I am not sure what the German for thrashing is, but it certainly came courtesy of Lewis Hamilton in a driving performance that put the rest of the field in Sunday's F1 GP to shame. And if Ferrari are scratching their heads, wondering why Hamilton was so much faster than them, I will give them an answer - communication.

[ Source : news24 ]

TOP 8 - New car sales rebound in June

New car sales took a U-turn to gain in June after falling in May, but grew at the slowest annual pace in 18 months, new figures show.New vehicle sales rose by 866 units, or 1.0 per cent, to a seasonally adjusted 88,917 vehicles in June from 88,051 in May, the Australian Bureau of Statistics (ABS) said on Monday.

[ Source : news smh ]

TOP 7 - NICE Car Company quietly storms the London show

Three world debuts, two concepts in the electric vehicle village and ambitious growth plans; that’s the promise from electric-vehicle company NICE at this year’s British International Motor Show.Launched two years ago in London, NICE is back with a bang – or as loud a bang as an all-electric vehicle company can make.

[ Source : eemsonline ]

TOP 6 - Hydrogen technology on show at British Motor Show

All eyes in the automotive world will perhaps be on the British International Motor Show in London this week, where positive PR will hope to be made for hydrogen vehicles of the future as they line-up among the many modern supercars on display.A diverse collection of classic cars, supercars, concept cars, boats, and live action will all be showcased at the event and hydrogen technology will also be given another outing in the public domain.

[ Source : gasworld ]

TOP 5 - A Sedan Fueled by the Future

But one prohibition placed on the BMW Hydrogen 7, a 760Li luxury liner modified to run on hydrogen in addition to its normal gasoline diet, was an eye-opener: The Port Authority of New York and New Jersey would not permit the car to be driven through the Lincoln or Holland Tunnels or on the lower level of the George Washington Bridge.

[ Source : nytimes ]

TOP 4 - Audi bullish on India to launch sports car R8

German luxury car manufacturer Audi would launch its acclaimed sports car R8 in India in October-November as it seeks to build the brand in this market, a top official of Audi India said."We will launch R8 in October-November in the last quarter. We already have the first order (in India)', Audi India's Vice-President marketing, Martin Birkner, told PTI here.

[ Source : business standard ]

TOP 3 - The New BMW X6

BMW introduces a new concept in premium motoring, the BMW X6 Sports Activity Coupé. Powered exclusively by a pair of twin turbocharged straight-six engines, one petrol, the other diesel; the new BMW X6 redefines the concept of a sporting coupé for the 21st century. BMW has created a vehicle with excellent ground-clearance equipped with a sophisticated and intelligent all-wheel drive system, and an extremely spacious comfortable and luxurious interior designed for four occupants.

[ Source : autoweb ]

TOP 2 - Baghdad hit by deadly car bomb

A car bomb blew up in Baghdad, killing a civilian and wounding four others, an Interior Ministry official said.The Sunday attack underscored the fragility of relative calm in the Iraqi capital; violence levels have dropped sharply in Baghdad and across the country over the past few months.Early Sunday in northern Iraq, U.S. forces killed two relatives of Salaheddin's governor Hamad al-Qaisi and identified them as members of al Qaeda in Iraq.

[ Source : edition ]

TOP 1 - GM to cut workers production dividend

DETROIT -- General Motors Corp. said yesterday it would lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather a severe downturn in the U.S. market.GM said the moves would raise $15 billion to help cover losses and turn around its North American operations, including $10 billion from internal cost-cutting and $5 billion from selling some assets and borrowing against others.

[ Source : post gazette ]

Comments

by avava on July 21, 2008, 11:21 am

Oh wait, because it would be a blast.
by rafaelc100 on July 21, 2008, 11:23 am

Is that like Californication?
by pilier on July 21, 2008, 11:25 am

Oh yeah, for chrissake, why would you want to take a powerful, light car to a track?
by peltre on July 21, 2008, 11:27 am

remind me what track you'll be able to utilize the upper gears in? frantic variable power delivery isn't my notion of what i'd like my car to do on the track but to each his own.