The Carlovers Magazine

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• Everus S1 revealed
• Toyota Will Idle North American Plants for Five Days
• Oil Prices Soar Past $112 per Barrel
• GM: No Major Problems with Tier One Suppliers in Japan
• Fiat Delays Alfa Romeo’s Return to U.S. Market
• Honda: Restoring Full Output in Japan Could Take Months
• Chrysler’s Overseas Sale Creep Higher in March
• Suppliers Struggle to Restart Hardest-Hit Plants in Japan
• Saab May Receive Loan from Antonov’s Bank
• China’s Auto Trade Group Cuts 2011 Sales Outlook

Everus S1 revealed Posted: The Everus brand was first shown off in Guangzhou Auto Show in December 2010, of course the brand was the most interesting part of the whole event as the first Everus car was clearly just a warmed over last generation Honda City sedan (otherwise known as a Honda Jazz/Fit Saloon) with new badges. The exterior [...]

Toyota Will Idle North American Plants for Five Days Posted: Toyota Motor Corp. will idle all but one of its North American assembly plants and virtually all engine and parts factories in the region for five days this month because of parts shortages caused by the March 11 earthquake and tsunami in Japan. The remaining assembly plant will suspend work [...]

Oil Prices Soar Past $112 per Barrel Posted: Crude oil futures surged $2.49 per barrel on the New York Mercantile Exchange on Friday to settle at $112.79, the highest close since September 2008. The advance brought the week's gain to 4.5%. Analysts say the threat of a U.S. government shutdown pushed the dollar down sharply on Friday, thus driving [...]

GM: No Major Problems with Tier One Suppliers in Japan Posted: Chief Financial Officer Dan Ammann tells auto analysts that General Motors Co. has completed a thorough review of its tier one suppliers in Japan and found no "major issues," although supplies of semiconductors remain a concern. But since the country's March 11 earthquake, the company has found new sources for some [...]

Fiat Delays Alfa Romeo’s Return to U.S. Market Posted: Fiat SpA has postponed the American debut of its Alfa Romeo Giulia sedan by about six months to mid-2013, says Automotive News Europe, which cites unidentified sources. Alfa made a limited return to the U.S. market in 2008 with the $240,000 8C Competizione supercar. The Giulia will be Fiat's first mass-market [...]

Honda: Restoring Full Output in Japan Could Take Months Posted: Honda Motor Co. will need two to three months to restore its production in Japan to normal levels, according to CEO Takanobu Ito. Honda is resuming limited vehicle production at two plants today. Ito says the company has already lost 58,000 units of production. Separately, quake damage has kept Toyota's assembly plant [...]

Chrysler’s Overseas Sale Creep Higher in March Posted: Chrysler Group LLC sold 14,000 vehicles outside North America last month, up 2% from March 2010. The Jeep Wrangler was the company's best-seller abroad at 2,300 units. In the first quarter of this year, non-North American sales rose 4% to 36,900 vehicles. Overall, Chrysler sold 164,100 vehicles worldwide in March, up 24% [...]

Suppliers Struggle to Restart Hardest-Hit Plants in Japan Posted: Tokyo-based Renesas Electronics Corp. is in talks to outsource production of microcontroller chips for autos to a Singapore plant owned by Milpitas, Calif.-based chipmaker Globalfoundries Inc., The Wall Street Journal reports. Until March 11, those chips were made at a Renesas factory that was heavily damaged in the earthquake and may [...]

Saab May Receive Loan from Antonov’s Bank Posted: Struggling Saab Automobile may receive a loan as early as today for about 300 million kronor ($48 million) from Bankas Snoras, a Lithuanian bank controlled by Russian businessman Vladimir Antonov, says Bloomberg News. The loan would help Saab avoid bankruptcy, according to three unidentified Bloomberg sources. The cash also would enable [...]

China’s Auto Trade Group Cuts 2011 Sales Outlook Posted: Many analysts have assumed that the end of government sales incentives would cool growth in passenger-car sales in China from last year's 32% pace to 10%-15% in 2011. But the China Assn. of Automobile Manufacturers now says the expansion may not reach 10% this year. Higher fuel prices, municipal restrictions and [...]

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