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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.
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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.
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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).
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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.
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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.
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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.
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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.
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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.
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Product Showcase: SoundOff Signal
Our 520 Series Marker Lights have a unique oval design and bright LED light output to make this light a desirable option in LED marker lighting for trucks. Compliant with SAE J592, FMVSS 108 & CMVSS. Dress up your truck with our 520 Series Chromed Bezel. More info
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Product Showcase: DSC12 from Iowa Mold Tooling Co.
Built on a Dodge or Freightliner Sprinter chassis, the IMT DSC12 mechanics truck is a compact, fuel-efficient addition to the Dominator® family of mechanics trucks. Equipped with an IMT 3203i electronic crane, it’s a perfect option for customers looking to get maximum fuel economy out of a vehicle that can easily maneuver in tight, urban environments. More info
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Product Showcase: Elston Manufacturing
Our nose mount (LC) heaters provide convenient, reliable protection from low temperatures for your cargo. These heaters push heat throughout the trailer with an attractive forced-air design optimized for safety, economy, and ease of maintenance. An optional 110V standby power supply is available to run the heater off of shore power. More info
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Vanair is the world’s largest manufacturer of vehicle-mounted air compressors, generators, welders and multi-drive systems.
www.vanair.com
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