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Organizers have cancelled this year’s Barcelona auto show after major automakers pulled out of the event due to the economic crisis.
Honda lowered their annual profit forecast for a fourth time this year, while rival Toyota’s losses are growing as sliding global car sales force the industry to continue reducing production.
Automakers are expected to produce 1.7 million vehicles in Japan in the first quarter of 2009, vs. 3 million a year earlier as domestic and overseas sales fall, according to The Nikkei.
Chrysler are seeking price reductions from all their produc¬tion suppliers by April 1 as part of their effort to meet the terms of $4 billion in federal bridge loans.
Ford Motor Co. posted a $5.9 billion net loss for the fourth quarter of 2008 vs. a $2.8 billion loss a year earlier.
Autoliv last week reported their first-ever quarterly pretax loss and said they would continue to lose money in the coming months. The world’s largest automotive safety products
Japan’s Denso have developed a remote touch controller for mounted in a vehicle’s centre console, which allows drivers to remotely control cabin equipment.
During the first two days of SAE show, four Lighting sessions will be held at Detroit Cobo.
Automotive lighting technology Session Schedule 1
Monday, April 20 – 8:30 a.m.
At the intelligent automotive lighting congress, Emil Enz, CEO of Lumitec AG from Switzerland presented the benefits of electroluminescent lighting systems.
During a presentation at the Intelligent Automotive Lighting congress, Frost & Sullivan’s Michael Minich presented an industry research synthesis done in 2008 from two different end user studies.
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