Saturday, January 19, 2013 3:54:12 AM
Wheelies: The Booming Business Edition
Mark Reuss of General Motors celebrating Monday as the Cadillac ATS is named Car of the Year at the Detroit auto show.
Geoff Robins/Agence France-Presse — Getty Images
By THE NEW YORK TIMES
January 17, 2013, 11:40 am
In which we bring you motoring news from around the Web:
• General Motors is planning to spend about $1.5 billion to expand its operations in North America this year, Mark Reuss, president of G.M. North America, said Wednesday. Speaking at the Automotive News World Congress in Detroit, Mr. Reuss did not offer details on where the money will be spent or on how many jobs will be created. He said those details will be made public soon. Mr. Reuss said, “We will see the day when we have an affordable electric car [ http://topics.nytimes.com/top/reference/timestopics/subjects/e/electric_vehicles/index.html ] that offers 300 miles of range with all the comfort and utility of a conventional vehicle.” (The Detroit Free Press [ http://www.freep.com/article/20130117/BUSINESS01/301170273/1014/NLETTER31/GM-to-spend--1.5-billion-in-2013-to-expand-in-North-America ])
• When you think Saab [ http://topics.nytimes.com/top/news/business/companies/saab_automobile_ab/index.html ], you think Sweden, right? Well, that is about to change. Production of the Saab 9-3 [ http://autos.nytimes.com/2010/Saab/9_3/280/3243/310515/researchOverview.aspx ] will be restarted this year in Qindao, China, the British Web site Autocar reported Thursday. National Electric Vehicles Sweden, the company that owns the Saab brand, plans to add an electric version of the car in 2014. (Autocar [ http://www.autocar.co.uk/car-news/industry/saab-9-3-restart-production-later-year ])
• The resurgence in the auto industry in the United States could strain the capacity of auto parts suppliers, Bloomberg News says. Sixty-one new or redesigned models will be introduced in the United States this year, which is 50 percent more than any year since 2006. “As the demand continues to heat up, we are potentially looking at some areas of the market that could be running short in terms of supply” and delay the introduction of new models, Jeff Schuster, senior vice president of forecasting at LMC, told Bloomberg. “That really is where the risk is. The buyer who wants to come in, they want a vehicle now.” Many auto parts suppliers cut jobs and closed factories in the recession, and some may be hesitant to immediately expand capacity, Mr. Schuster said. (Bloomberg News [ http://www.bloomberg.com/news/2013-01-17/automakers-strain-suppliers-with-50-surge-in-u-s-intros.html ])
© 2013 The New York Times Company
http://wheels.blogs.nytimes.com/2013/01/17/wheelies-the-booming-business-edition/ [no comments yet]
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Mark Reuss of General Motors celebrating Monday as the Cadillac ATS is named Car of the Year at the Detroit auto show.
Geoff Robins/Agence France-Presse — Getty Images
By THE NEW YORK TIMES
January 17, 2013, 11:40 am
In which we bring you motoring news from around the Web:
• General Motors is planning to spend about $1.5 billion to expand its operations in North America this year, Mark Reuss, president of G.M. North America, said Wednesday. Speaking at the Automotive News World Congress in Detroit, Mr. Reuss did not offer details on where the money will be spent or on how many jobs will be created. He said those details will be made public soon. Mr. Reuss said, “We will see the day when we have an affordable electric car [ http://topics.nytimes.com/top/reference/timestopics/subjects/e/electric_vehicles/index.html ] that offers 300 miles of range with all the comfort and utility of a conventional vehicle.” (The Detroit Free Press [ http://www.freep.com/article/20130117/BUSINESS01/301170273/1014/NLETTER31/GM-to-spend--1.5-billion-in-2013-to-expand-in-North-America ])
• When you think Saab [ http://topics.nytimes.com/top/news/business/companies/saab_automobile_ab/index.html ], you think Sweden, right? Well, that is about to change. Production of the Saab 9-3 [ http://autos.nytimes.com/2010/Saab/9_3/280/3243/310515/researchOverview.aspx ] will be restarted this year in Qindao, China, the British Web site Autocar reported Thursday. National Electric Vehicles Sweden, the company that owns the Saab brand, plans to add an electric version of the car in 2014. (Autocar [ http://www.autocar.co.uk/car-news/industry/saab-9-3-restart-production-later-year ])
• The resurgence in the auto industry in the United States could strain the capacity of auto parts suppliers, Bloomberg News says. Sixty-one new or redesigned models will be introduced in the United States this year, which is 50 percent more than any year since 2006. “As the demand continues to heat up, we are potentially looking at some areas of the market that could be running short in terms of supply” and delay the introduction of new models, Jeff Schuster, senior vice president of forecasting at LMC, told Bloomberg. “That really is where the risk is. The buyer who wants to come in, they want a vehicle now.” Many auto parts suppliers cut jobs and closed factories in the recession, and some may be hesitant to immediately expand capacity, Mr. Schuster said. (Bloomberg News [ http://www.bloomberg.com/news/2013-01-17/automakers-strain-suppliers-with-50-surge-in-u-s-intros.html ])
© 2013 The New York Times Company
http://wheels.blogs.nytimes.com/2013/01/17/wheelies-the-booming-business-edition/ [no comments yet]
---
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