International Business News - auto http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The percentage of auto loans that were past due 60 days or more rose 15.9 percent in the third quarter compared to last year, according to credit reporting agency TransUnion. http://www.ibtimes.com/articles/20081204/3q-auto-loan-delinquency-rate-jumps-15-9-percent.htm Thu, 04 Dec 2008 17:24:01 EST A plan to tap fuel-efficiency loans to bail out U.S. auto makers doesn't come close to covering the $34 billion the Big Three say they need to survive, officials say. http://www.ibtimes.com/articles/20081204/congressional-analysts-auto-aid-plan-falls-short.htm Thu, 04 Dec 2008 14:16:19 EST New car sales in Britain fell 37 percent in November compared to the same month in 2007, with total sales hovering just above 100,000, another sign the automotive sector is being hit hard by the financial crisis, an industry group said Thursday. http://www.ibtimes.com/articles/20081204/uk-new-car-sales-down-37-percent-in-november.htm Thu, 04 Dec 2008 05:01:35 EST Watch out for family fights, Mr. President-elect. Though Democrats will control both the new Congress and White House, the battle over a multibillion-dollar auto industry bailout already is pitting two major party constituencies against each other: big labor and environmentalists. http://www.ibtimes.com/data/articleimgs/188026-obama.jpg http://www.ibtimes.com/articles/20081203/analysis-labor-green-rift-clouds-auto-aid-chances.htm http://www.ibtimes.com/articles/20081203/analysis-labor-green-rift-clouds-auto-aid-chances.htm Wed, 03 Dec 2008 15:16:41 EST Tough auto emissions standards backed by Gov. Charlie Crist cleared a hurdle when a Florida commission gave its approval to rules fiercely opposed by car industry lobbyists but praised by environmentalists as a way to fight global warming. http://www.ibtimes.com/articles/20081203/florida-commission-approves-car-emissions-limits.htm Wed, 03 Dec 2008 11:43:57 EST The German auto industry's leading trade group said Wednesday it expects 2009 car sales to be the worst since the reunification of the country in 1990 as the global financial crisis takes its toll on consumers and economic growth. http://www.ibtimes.com/articles/20081203/german-auto-industry-predicts-grim-2009.htm Wed, 03 Dec 2008 11:12:31 EST Hyundai Motor America on Tuesday said its U.S. sales sales dropped 40 percent in November as customers shied away from vehicle purchases due to economic instability. http://www.ibtimes.com/articles/20081202/november-auto-sales-hyundai-motor-america.htm Tue, 02 Dec 2008 15:13:14 EST U.S. auto sales plunged 37 percent in November to their worst level in more than 26 years, dashing expectations that this dismal year for vehicle demand had found a bottom, and adding more ammunition to the Detroit automakers' case for a congressional lifeline. http://www.ibtimes.com/data/articleimgs/187412-auto-sales-toyota.jpg http://www.ibtimes.com/articles/20081202/ford-nov-sales-drop-30-pct-toyota-falls-34-pct.htm http://www.ibtimes.com/articles/20081202/ford-nov-sales-drop-30-pct-toyota-falls-34-pct.htm Tue, 02 Dec 2008 21:39:46 EST Local United Auto Workers leaders from across the U.S. will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to help auto companies get government loans. http://www.ibtimes.com/articles/20081202/auto-workers-to-hold-emergency-meeting-on-bailout.htm Tue, 02 Dec 2008 10:09:49 EST Automakers are scheduled to release November U.S. sales on Tuesday, with analysts expecting grim results as the economic recession continued to erode demand. http://www.ibtimes.com/articles/20081202/ahead-of-the-bell-automakers-to-report-nov-sales.htm Tue, 02 Dec 2008 06:11:29 EST The chief executives of the nation's Big Three automakers should give up their jobs, not just their lavish executive pay packages as a condition of $25 billion in proposed federal help to keep the companies operating, U.S. House Majority Whip Jim Clyburn said Monday. http://www.ibtimes.com/articles/20081201/house-leader-oust-ceos-of-big-three-automakers.htm Mon, 01 Dec 2008 16:13:54 EST The head of the United Auto Workers made a public plea Sunday for government help for U.S. carmakers as the Big Three put the final touches on stabilization plans to submit to Congress. http://www.ibtimes.com/articles/20081130/autoworker-chief-pleads-for-government-aid.htm Sun, 30 Nov 2008 13:58:06 EST As the humbled captains of the U.S. auto industry spend the weekend preparing their second case for a federal bailout, their best argument may come in November's auto sales figures. http://www.ibtimes.com/data/articleimgs/184949-auto-sales.jpg http://www.ibtimes.com/articles/20081128/nov-auto-sales-dreary-but-likely-up-from-oct.htm http://www.ibtimes.com/articles/20081128/nov-auto-sales-dreary-but-likely-up-from-oct.htm Fri, 28 Nov 2008 14:22:47 EST Nissan Motor Corp. will have a presence at the 2009 Chicago Auto Show after all. In a swift reversal, the Japanese automaker said its local dealers would help staff the show in February. The company said Monday it would not attend due to financial constraints and a downturn in U.S. sales. http://www.ibtimes.com/articles/20081128/nissan-shifts-gears-will-attend-chicago-auto-show.htm Fri, 28 Nov 2008 14:25:50 EST Global vehicle production at Toyota and Nissan declined in October, hit by a U.S. slump, but worldwide production was up at Honda and Mazda, according to data released Thursday. http://www.ibtimes.com/articles/20081127/toyota-nissan-production-falls-honda-rises.htm Thu, 27 Nov 2008 00:59:19 EST Vehicle sales will continue to be weak into 2010, a Goldman Sachs analyst said Wednesday, as consumer spending plummets and tighter credit keeps buyers away from showrooms. http://www.ibtimes.com/articles/20081126/ahead-of-the-bell-goldman-cuts-auto-sales-outlook.htm Wed, 26 Nov 2008 08:47:43 EST Automakers cannot sue to block Rhode Island from enforcing tighter standards on tailpipe emissions first adopted by California because the industry has already lost similar lawsuits elsewhere, a federal judge has ruled. http://www.ibtimes.com/articles/20081125/judge-automakers-cannot-block-ri-emission-rules.htm Tue, 25 Nov 2008 21:23:31 EST November auto sales are down about 32 percent from last year, an analyst predicted Tuesday, as financial market volatility and economic weakness continues to keep consumers away from dealerships. http://www.ibtimes.com/articles/20081125/ahead-of-the-bell-nov-auto-sales-down-sharply.htm Tue, 25 Nov 2008 08:42:55 EST Nissan Motor Co. said Monday it is pulling out of the Detroit and Chicago auto shows, citing the tough economy and the lack of new vehicles to unveil. http://www.ibtimes.com/articles/20081124/nissan-withdraws-from-detroit-chicago-auto-shows.htm Mon, 24 Nov 2008 19:51:54 EST The auto Web site Edmunds.com said it expects a slight improvement in November vehicle sales compared with last month partly due to record-high sales incentives, but volumes will still be sharply lower from a year ago. http://www.ibtimes.com/articles/20081124/edmunds-sees-uptick-in-nov-sales-over-last-month.htm Mon, 24 Nov 2008 12:40:59 EST