Auto news for the day, in a nutshell

October 4, 2011 | Author: nisha

Filed Under: MotorNews

On a rather bright and early day in the automobiles industry, we are bringing you the news in a nutshell. Yes, there are zillions of other things happening out there but the creme de la creme of the events is all outlined right here.

For starters, despite the economic growth rate losing momentum, automobile companies are positive about the coming future. In fact, even production estimates for the month of September this year has been fairly high. That being said, GM probably enjoyed the day with receiving a bump in ratings by S&P from BB- to BB+. But that is just the corporate rating. Ford would also most likely also receive a bump if it signs similar labour deals as GM.

As for team-ups, Citreon is signing up with Mitsubishi to bring out the new Citroen C4 Aircross which is based on the Japanese brand’s ASX crossover.

Also, if you thought the automobile industry is not concerned about your well-being and is all only about driving profits, then here’s news for you.Auburn Hills, MI-based auto supplier Takata is working on producing a device that can keep track of the blood alcohol level through the skin. This is the result of the fact that Takata and its partner, TruTouch in Albuquerque, N.M., have received a $2.25-million grant from the Automotive Coalition for Traffic Safety (ACTS),  to make the device commercially viable.

That being said The Guardian put some rumors to rest by saying tat European fears that higher emission standards will only make cars more unaffordable to European people, by saying that the modern European car is already as whole far more emission-free than ever before.

GM has decided to live up to the good name by introducing the first ever front center air-bag, which is basically an inflatable restraining accessory that protects drivers and front passengers where they are on the opposite end of the spectrum in car crashes.

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GM General Motors Company, commonly known as GM (listed General Motors Corporation before 2009), is an American multinational automotive corporation headquartered in Detroit, Michigan, and the world's largest automaker, by vehicle unit sales, in 2011. GM employs 202,000 people and does business in some 157 countries. Read more

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Mitsubishi Mitsubishi Motors Corporation (Mitsubishi Jidōsha Kōgyō KK, IPA: [miꜜtsu͍biɕi̥]) is a multinational automaker headquartered in Minato, Tokyo. In 2010 it was the sixth largest Japanese automaker and the sixteenth largest in the world, measured by production. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries. Read more

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