Feds: Auto Suppliers Don't Need Aid
from The Detroit News
Even as two more high-profile auto suppliers face the possibility of bankruptcy this month amid signs the industry's woes are spreading, the U.S. Treasury believes the supply chain is stable enough that more federal aid is not needed immediately. More

GM Signs Agreement to Sell Saab
from Detroit Free Press
Saab Automobile, General Motors Corp.’s struggling Swedish unit known for its family cars, was rescued Tuesday by a consortium led by Koenigsegg Automotive AB, a tiny luxury carmaker which produces only a dozen custom-made models a year. More

Truck Sales Projected to be Soft into 2010
from Fleet Owner
Sales and production of commercial trucks will remain decidedly soft for the remainder of 2009 and well into 2010, according to new analysis by ACT Research Company (ACT). More

General Motors Said to Discuss Asset Sale with Auto Task Force
from Bloomberg
General Motors Corp., under bankruptcy court protection since June 1, held talks with representatives of President Barack Obama’s automotive task force about the planned sale of the company’s best assets, said a person familiar with the matter. More

Hybrids Look for Capitol Hill Support
from Fleet Owner
Hybrid truck OEMs and suppliers alongside fleets and public interest groups, gathered in the shadow of the U.S. Capitol to call for more incentives and other fiscal support to spur increased sales of this fuel-saving and emission-reducing technology. More

Housing Starts Jump 17 Percent in May
from Transport Topics
Housing starts increased 17 percent in May, the Commerce Department said. Starts rose to an annual rate of 454,000 units, Commerce said. More

Heavier Trucks Gaining Traction?
from Fleet Owner
The newly formed Coalition for Transportation Productivity (CTP) reports that its efforts to gain wider Congressional support for higher commercial truck weight limits seems to be working – though John Runyan, the group’s co-chair, admits there’s still a long way to go. More

Producer Prices Rise 0.2 Percent
from Transport Topics
Prices paid to U.S. producers rose 0.2 percent in May, the Labor Department said. The core producer price index, which excludes food and energy, dipped 0.1 percent, Labor said. More