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15 May 2008 year (time zone GMT 00:00)  Number of sources in English: 4184
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CFO leaves Hayes Lemmerz for same job at Dana Corp

15.05.2008 06:41    autoindustry.co.uk
James Yost has left his job as executive vice president and chief financial office of the US wheel maker Hayes Lemmerz to take up the same position at fellow US Tier 1 supplier Dana Corp.

ArvinMeritor announces new monthly commodity surcharge

15.05.2008 06:40    autoindustry.co.uk
The US Tier 1 supplier ArvinMeritor, Inc. plans to initiate a new commodity surcharge starting from June 1. "As a result of the sudden and extraordinary surges in the price of steel, energy and other commodities, we are implementing a

Fisker updates progress on pre-launch hybrid testing

15.05.2008 06:40    autoindustry.co.uk
The US start-up Fisker Automotive, Inc. and Quantum Technologies are now performing initial vehicle testing and fine tuning the battery software management system for the Fisker Karma plug-in hybrid production car in Southern California. Fisker has asked for arbitration on

Allocation system needed for apprenticeship bill,says ReMIT

15.05.2008 06:40    autoindustry.co.uk
Giving young people the legal right to take an apprenticeship is a great idea, but a system to allocate places fairly will be needed to make sure that businesses are not overwhelmed by applicants, and that the applicants themselves get

Ricardo CEO takes seat on UK Electronics Leadership Council

15.05.2008 06:40    autoindustry.co.uk
Ricardo CEO Dave Shemmans has accepted a seat on the newly reconstituted board of the UK Electronics Leadership Council, which has an advisory role to the Government on the UK electronics industry.

Toyota considers new Brazilian plant for sub-€6,150 cars

15.05.2008 06:40    autoindustry.co.uk
A Japanese paper, the Tokyo Shimbun, reported yesterday said that Toyota is considering setting up a new plant to build small, low-cost cars in Brazil, which would produce up to 200,000 units/year of a small car for emerging markets from

Bankruptcy court approves DURA Automotive Systems' revised disclosure statement

15.05.2008 06:40    autoindustry.co.uk
The US Tier 1 supplier DURA Automotive Systems, Inc. has announced that the U.S. Bankruptcy Court for the District of Delaware has approved its revised Disclosure Statement, solicitation procedures and creditor ballots as a preliminary to Chapter 11 emergence. The

Nokia signs agreement to sell OE automotive business

15.05.2008 06:40    autoindustry.co.uk
Nokia signed an agreement yesterday with a newly formed company named novero GmbH on the divestment of its line fit automotive business. Novero is owned by Razvan Olosu, the former head of Nokia's Enhancements unit, and Equity Partners GmbH, a

EU can fine car companies for exceeding CO2 target, MEPs advised

15.05.2008 06:40    autoindustry.co.uk
Lawyers advising the European Parliament have confirmed that the European Commission does have the right to fine car makers which don't meet future CO2 emissions targets.

British satnav firm launches system for HGVs

15.05.2008 06:40    autoindustry.co.uk
Navevo, a UK specialist GPS software developer, has unveiled a sat-nav device for drivers of heavy goods vehicles and vans. Using NAVTEQ Transport, ProNav GPS software features dynamic routing and navigation optimisation based on a vehicle's dimensions and legal restrictions

European Commission president orders study on biofuels/food link

15.05.2008 06:40    autoindustry.co.uk
The European Commission president José Manuel Barroso has ordered a study into possible links between biofuels and the recent rapid rises in food prices, reports the Brussels-based Transport & Environment lobby federation. His spokesman insisted he was not considering changing

EU proposals on external road transport cost calculations previewed

15.05.2008 06:40    autoindustry.co.uk
Reports on sightings of draft European Commission proposals on 'smart' road charging, which are expected to be published next month, say legislation will allow for external pollution and congestion costs of road use to be internalised, but that this will

Hydrofuel Technologies Ltd. promotes onboard hydrogen/oxygen electrolyser for petrol/diesel cars

15.05.2008 06:40    autoindustry.co.uk
A British company, Hydrofuel Technologies Ltd, is urging motorists to use water to reduce fuel costs with a car battery-powered onboard electrolyser, on its website, (www.runyourcaronwater.co.uk ). Hydrofuel' £49 DIY guide explains how motorists can convert cars to a water-burning

Commission clears TomTom's proposed acquisition of Tele Atlas

15.05.2008 06:40    autoindustry.co.uk
The European Commission has approved under the EU Merger Regulation the proposed acquisition of the digital map supplier Tele Atlas by the satnav manufacturer TomTom, both of the Netherlands.

Bank - GM will need $8.7bn over next two years to refinance debt

15.05.2008 06:40    autoindustry.co.uk
General Motors will need to raise about $9 billion over the next two years to refinance its debt, and may seek more to cover close to $11bn in working capital as it faces production 'headwinds' and commodity price increases, Lehman

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