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Ford Beats Expectations with $2.3 Billion Quarterly Profit
from the Detroit Free Press
 Ford Motor Co. said today it earned a profit of $2.3 billion during the three months ending June 30, far surpassing Wall Street’s expectations, but said its performance was boosted by one-time gains from successful debt restructuring actions.
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Marchionne Says Fiat, Chrysler Are Rapidly Sharing Technology
from The Detroit News
In the six weeks since Fiat SpA and Chrysler Group LLC concluded their alliance, the new partners have moved quickly to integrate their automotive operations. Fiat has delivered underpinnings for a minicar to Chrysler, which will in turn provide mid- and full-size car platforms to the Italian carmaker, Sergio Marchionne, CEO of both Fiat and the new Chrysler Group, said.
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Truck Sales Edge Up
from Trailer Body Builders
Sales of commercial trucks edged up slightly midway through 2009, according to figures compiled by Wards Communications. Truck dealers sold 25,128 trucks with GVW ratings above 10,000 pounds in June, up 5 percent from May.
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Product Showcase:
SiteStar lube truck with remote
 IMT’s SiteStar® lube trucks bring radio remotes to service technicians doing preventive maintenance in the field, which helps increase their productivity. The new radio remotes can activate/deactivate the oil pumping system, start or stop the chassis, and control the engine throttle, helping to increase productivity while saving fuel. More info
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Worst is Over, Ford Exec Says
from The Detroit News
Ford Motor Co. says the U.S. car market has bottomed out, but warned that the recovery could still be months away. Ford Americas President Mark Fields said leading economic indicators suggest the economy will recover in the second half of the year, but he said it is unclear how long it will take for that trend to buoy car and truck sales.
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New Jobless Claims Rise to 554K, Total Rolls Fall
from Yahoo! News
The number of newly laid-off workers seeking jobless benefits rose last week, though the government said its report again was distorted by the timing of auto plant shutdowns.
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House OKs $150 Million Natural-gas Car Program
from The Detroit News
The House overwhelmingly approved a $150 million program to research natural-gas powered vehicles. By a vote of 393-35, the House passed the bill that authorizes the Energy Department to conduct a five-year program of natural gas vehicle research, development and demonstration, authorizing $30 million annually starting in the 2010 budget year. More
High-tech Highway Funding
from The Boston Globe
With funding set to expire this fall, the House Transportation and Infrastructure Committee proposes to authorize a half trillion dollars in federal spending on surface transportation over six years. The Obama administration took a different view, announcing that it wanted Congress to delay reauthorization for 18 months.
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FedEx Expands Hybrid Fleet
from Transport Topics
FedEx Corp. said it has added 92 hybrid-electric trucks to its delivery fleet, the first standard FedEx delivery trucks converted to hybrid-electric systems. The addition of the 92 trucks to FedEx’s hybrid-electric fleet boosted the level by more than 50 percent, to 264 from 172.
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Product Showcase:
SoundOff Signal
 New 4" Round RD Series Stop/Tail/Turn LED signal lights are attractively priced for truck & trailer fleets to take advantage of low amp draw, reliability, better performance and reduced maintenance costs. Innovative optics design provides a wider angle of light resulting in greater side visibility. Light fits into common 4" round body cutouts. 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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SoundOff Signal