Summit Notebook

Audio – Conti wants market solution to CO2 emission limits

November 21, 2007

                            

Manfred WennemerManfred Wennemer, the chief executive of German car parts group Continental AG, told the Reuters Autos Summit in Frankfurt he was for a market solution to reducing CO2 emissions in cars and against mandatory steps.

Audio — Ford says relations with suppliers have been battered

November 20, 2007

kuzak.jpgFord Motor Co acknowledges that it has a poor relationship with its U.S. suppliers and it plans to do something about it.

Audio – Lutz says U.S. needs to wake up to loss of global economic impact

November 20, 2007

lutz.jpgGeneral Motors Vice-Chairman and head of global product development Bob Lutz said it is time the United States woke up to its lack of influence over the global economy and commodity prices in particular.

Audio – S&P analyst worries about C02 costs

November 20, 2007

rtx3qjr.jpgMaria Bissinger, a credit analyst at Standard & Poor’s, said that while the car companies she follows are all investment grade or on the brink of returning to investment grade, she still had some worries.

Audio – Internal combustion engine seen King for another 15-20 years

November 20, 2007

Germany’s ErlingKlinger may not be the world’s best-known car parts maker but it is a global power house in engine gaskets.

Audio – Gettelfinger still sees buyout firms as “vultures”

November 20, 2007

gettelfinger.jpgUnited Auto Workers union chief Ron Gettelfinger still has difficulty in saying nice things about the private equity business.

Audio – Americans love Italian super sports cars

November 20, 2007

Stephan WinkelmanWest Coast Americans just love Italian luxury super sports cars, just as they like French luxury goods or Swiss watches.

Audio – Ferrari owners use their car more often

November 20, 2007

rtx3gtj.jpgGuess what, owners of Ferrari sports cars use their vehicles more and more. The car is no longer a prized asset on the forecourt or in the garage, but people actually drive in them.

Audio – Tenneco CEO says negative cash flow shortlived

November 19, 2007

greggsherrill.jpgAuto-parts maker Tenneco Inc expects that negative cash flow it suffered in the third quarter will be reversed in the current quarter. 

Audio – Home price slide stopping job moves

November 19, 2007

house.jpgsherrill.jpgThe housing crisis is starting to prevent companies from hiring staff from areas where home prices have fallen most, a top auto-parts company executive warned.