The Carlovers Magazine

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• Renault, Nissan May Form Holding Company
• Saab Production Halted Again Over Late Supplier Payments
• Chrysler May Delay IPO Until 2012
• Commercial Truck Sales in Europe Surge 17%
• Ford Executive to Become Getrag’s CFO
• Japan’s Vehicle Production Fell 6% in February
• U.S. Government Vows to Buy Only Alternate-Power Vehicles
• Tesla Sues Top Gear TV Show
• ArvinMeritor Changes Name to Meritor
• U.S. Judge Approves Liquidation of “Old GM”

Renault, Nissan May Form Holding Company Posted: Renault-Nissan CEO Carlos Ghosn tells The Nikkei that the partners may create a holding company that would group the two companies and their affiliates under a single owner. Ghosn says the restructuring would not occur until 2013 or later, and only after the move was explained to shareholders. The Nikkei says [...]

Saab Production Halted Again Over Late Supplier Payments Posted: Output at Saab Automobile's plant in Trollhattan, Sweden, was briefly disrupted on Wednesday because of a continuing dispute with a small group of suppliers about payment and delivery terms, according to media reports. The same issue halted production on Tuesday at Trollhattan for a few hours. Saab owner Spyker Cars N.V. [...]

Chrysler May Delay IPO Until 2012 Posted: Fiat-Chrysler CEO Sergio Marchionne says Chrysler Group LLC may wait until next year to launch its initial public stock offering. Marchionne said in January the IPO was likely to occur in the second half of this year. But he noted at yesterday's Fiat shareholder meeting that the timing depends on Chrysler's [...]

Commercial Truck Sales in Europe Surge 17% Posted: Demand for commercial vehicles across Europe jumped to 147,400 units last month from 125,800 units in February 2010, according to ACEA, the industry trade group. Sales rose significantly in France (+16% to 38,900 units), Germany (+39% to 22,900 units) and the U.K. (+26% to 13,500 units). Volume fell in Italy (-5% [...]

Ford Executive to Become Getrag’s CFO Posted: Getrag Corporate Group has named long-time Ford Motor Co. executive Mike McMillan as its new chief financial officer, effective 1 May. He succeeds Hans-Juergen Forster, who left the company last month. McMillan currently is CFO of the 10-year-old Getrag Ford Transmissions GmbH venture in Cologne, Germany. Last week Reuters said Getrag was [...]

Japan’s Vehicle Production Fell 6% in February Posted: Japan's output of cars, trucks and buses last month dropped to 795,600 units from 841,800 units in February 2010, reports the Japan Automobile Manufacturers Association. JAMA says passenger car production, including minicars, fell 6% to 685,700 units in February. Truck volume slipped less than 1% to 99,500 vehicles. Bus production rose [...]

U.S. Government Vows to Buy Only Alternate-Power Vehicles Posted: President Barack Obama has ordered that all new cars and trucks purchased by U.S. government must be hybrids, electric or alternative-fuel vehicles. The order takes effect in 2015. The American government operates a fleet of about 600,000 vehicles and replaces roughly 145,000 of them per year. About 10% of last year's [...]

Tesla Sues Top Gear TV Show Posted: California-based electric car maker Tesla Motors Inc. has accused the BBC's popular Top Gear television program of libel and malicious falsehood stemming from the show's critical report on the driving range of the Tesla Roadster EV. Tesla says the show, which first aired in December 2008, "misrepresented" that the Roadster ran [...]

ArvinMeritor Changes Name to Meritor Posted: ArvinMeritor Inc., the Detroit-area maker of drivetrain and brake components for commercial trucks, has changed its name to Meritor Inc. The company also has changed its ticker symbol on the New York Stock Exchange to MTOR from ARM. The company, once a part of Rockwell International Corp., was spun off as [...]

U.S. Judge Approves Liquidation of “Old GM” Posted: A U.S. federal bankruptcy judge has formally approved a plan to wind down Motors Liquidation Co., the remains of pre-bankruptcy General Motors Corp. Bondholders and creditors of the old GM will receive 10% of the new General Motors Co.'s equity and options to buy an additional 15% at a steep discount. [...]

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