Dana Reports $1.3 Billion Loss in Third Quarter on Auto

Dana Reports $1.3 Billion Loss in Third Quarter on Auto Industry Troubles; Shares Slump (Money Sense)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss of nearly $1.3 billion as a slumping automobile industry forced it to realign its business, triggering massive charges during the period. Its shares tumbled nearly 10 percent.

2006 NAIAS Coverage
The Official Web Site of the North American International Auto Show.
Editors of MSN Autos

CBR for import of used auto parts (Daily Times)
By Imran Ayub KARACHI: The Central Board of Revenue has asked the commerce ministry to amend the import policy and allow the import of used auto parts to check $1 billion smuggling, but the proposal faces tough resistance from importers and local vendors. The CBR had sent a summary

Lipscomb acquires Youngblood's Volkswagen line (Springfield Business Journal)
Lipscomb Auto Group finalized a deal this morning to acquire the Volkswagen dealership from Youngblood Volkswagen LLC. Sales of the brand began today at Lipscomb's 3145 S. Campbell Ave. lot. Parts and service on Volkswagen vehicles are expected to be available Jan. 23.

Los Angeles Auto Show Subdued as Automakers Focus on Detroit
The final Los Angeles auto show for January highlights a diverse range of new vehicles.
Ann Job

Mayor of Flint, Michigan wants city-run assembly plant (AFP/Getty Images/File via Yahoo! News)
As yet another auto plant prepares to shut is doors, the mayor of Flint, Michigan has come up with a radical - and possibly illegal - plan: a city-run assembly plant.

America's Bestsellers of 2005
Trucks continued to dominate U.S. vehicle sales in 2005.
Editors of MSN Autos

Dana reshuffling to cost 45 local jobs (Fort Wayne Journal Gazette)
Dana Corp., the embattled auto supplier burdened by heavy losses, said Friday it will transfer several production lines overseas in the next 18 months. The decision will reduce local workforce by about 45.

More Auto news (Detroit Free Press) Ford Motor Co. workers

More Auto news (Detroit Free Press)
Ford Motor Co. workers at Michigan Truck in Wayne and Louisville Assembly in Kentucky are growing increasingly worried that their SUV plants will be targeted Monday to lose a shift or maybe even close.

New Car Reviews
Featuring new reviews from top auto journalists.
Editors of MSN Autos

Top 10 Vehicles of 2005 on MSN Autos
The most popular vehicles on MSN Autos, based on visits to the site's vehicle pages.
compiled by MSN Autos

Los Angeles Auto Show Subdued as Automakers Focus on Detroit
The final Los Angeles auto show for January highlights a diverse range of new vehicles.
Ann Job

Mayor of Flint, Michigan wants city-run assembly plant (AFP/Getty Images/File via Yahoo! News)
As yet another auto plant prepares to shut is doors, the mayor of Flint, Michigan has come up with a radical - and possibly illegal - plan: a city-run assembly plant.

Highlights From the 2006 NAIASMSN Autos highlights the eight things

Highlights From the 2006 NAIAS
MSN Autos highlights the eight things you should know about this year's show in Detroit.
Ann Job

Palace cuts duties on fuel-saving car parts (ABS-CBNNEWS.com)
In a move aimed at cutting the Philippines consumption of imported fuel, President Arroyo has signed a directive allowing duty-free importation of parts and components used in the production of environment-friendly vehicles, the Department of Energy said on Thursday.

More Auto news (Detroit Free Press)
Ford Motor Co. 's Wixom plant, which employs more than 1,500 workers locally, might be spared after all.

Mazda RX-8 Hydrogen Rotary Vehicle Escorts Runners in All-Japan Men's Marathon Relay Race (The Auto Channel)
Tokyo, Japan, Jan 19, 2006 - (JCN Newswire) - Mazda's RX-8 Hydrogen Rotary Engine (RE) car will be used as a support vehicle for runners during the 11th All Japan Prefectural Men's Marathon Relay Race, to be held in Hiroshima on January 22, 2006. The RX-8 Hydrogen RE vehicle features a dual-fuel system that allows the driver to select hydrogen or gasoline with the flick of a switch.

Bomb squad called for suspect package (The Toledo Blade)
A suspicious package at a copy center in South Toledo last night was thought to be a bomb, but ended up containing only auto parts. The package at Kinko's, 2306 South Reynolds Rd., concerned authorities because there was no address label on it or tracking number.

Dana Reports 3Q Loss of Nearly $1.3B (AP via Yahoo! News)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss of nearly $1.3 billion as a slumping automobile industry forced it to realign its business, triggering massive charges during the period. Its shares tumbled more than 20 percent.

Lipscomb acquires Youngblood's Volkswagen line (Springfield Business Journal)
Lipscomb Auto Group finalized a deal this morning to acquire the Volkswagen dealership from Youngblood Volkswagen LLC. Sales of the brand began today at Lipscomb's 3145 S. Campbell Ave. lot. Parts and service on Volkswagen vehicles are expected to be available Jan. 23.

Top Sport Utilities of 2005 on MSN Autos
The most popular sport-utility vehicles on MSN Autos, based on visits to the site's vehicle research pages during 2005.
compiled by MSN Autos

Dana Posts 3Q Loss on Auto Industry Woes (AP via Yahoo! Finance)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss as a slumping automobile industry forced it to realign its business, triggering massive charges during the period.

America's Bestsellers of 2005Trucks continued to dominate U.S. vehicle sales

America's Bestsellers of 2005
Trucks continued to dominate U.S. vehicle sales in 2005.
Editors of MSN Autos

More Auto news (Detroit Free Press)
Ford Motor Co. 's Wixom plant, which employs more than 1,500 workers locally, might be spared after all.

Affidavits: Sheriff sold car with stolen parts to mayor (New Orleans Times-Picayune)
GREENSBURG, La. (AP) The St. Helena Parish sheriff may have sold a pickup truck cobbled together with stolen parts to Greensburg Mayor Kenneth Carter, according to recently unsealed FBI documents.

Bomb squad called for suspect package (The Toledo Blade)
A suspicious package at a copy center in South Toledo last night was thought to be a bomb, but ended up containing only auto parts. The package at Kinko's, 2306 South Reynolds Rd., concerned authorities because there was no address label on it or tracking number.

Dana Posts 3Q Loss on Auto Industry Woes (AP via Yahoo! Finance)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss as a slumping automobile industry forced it to realign its business, triggering massive charges during the period.

Dana Reports 3Q Loss of Nearly $1.3B (AP via Yahoo! Finance)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss of nearly $1.3 billion as a slumping automobile industry forced it to realign its business, triggering massive charges during the period.

More Auto news (Detroit Free Press)
Ford Motor Co. workers at Michigan Truck in Wayne and Louisville Assembly in Kentucky are growing increasingly worried that their SUV plants will be targeted Monday to lose a shift or maybe even close.

Highlights From the 2006 NAIAS
MSN Autos highlights the eight things you should know about this year's show in Detroit.
Ann Job

Dana Reports 3Q Loss of Nearly $1.3B (AP via Yahoo!

Dana Reports 3Q Loss of Nearly $1.3B (AP via Yahoo! News)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss of nearly $1.3 billion as a slumping automobile industry forced it to realign its business, triggering massive charges during the period. Its shares tumbled more than 20 percent.

Chicago police shoot, kill robbery suspect (ABC 7 Chicago)
January 18, 2006 (Chicago, Ill.) - Chicago police officers shot and killed a robbery suspect outside a Northwest Side auto parts store. Investigators are questioning two alleged accomplices. Officials say the three are connected to a string of armed robberies.

Winter Driving Tips From the Experts
Winter conditions can be challenging for drivers of all skill levels. The editor of Sympatico / MSN Autos Canada offers sound advice from the Great White North.
Marc Lachapelle, with Gerry Malloy for Sympatico / MSN Autos Canada

Bomb squad called for suspect package (The Toledo Blade)
A suspicious package at a copy center in South Toledo last night was thought to be a bomb, but ended up containing only auto parts. The package at Kinko's, 2306 South Reynolds Rd., concerned authorities because there was no address label on it or tracking number.

Dana Posts 3Q Loss on Auto Industry Woes (AP via

Dana Posts 3Q Loss on Auto Industry Woes (AP via Yahoo! Finance)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss as a slumping automobile industry forced it to realign its business, triggering massive charges during the period.

How Will America's Big Two Automakers Survive?
After decades of market share losses, look for a leaner and more focused Big Two.
Ann Job

Affidavits: Sheriff sold car with stolen parts to mayor (KPLC)
GREENSBURG, La. Unsealed F-B-I documents show that Saint Helena Parish sheriff may have sold a pickup truck cobbled together with stolen parts to Greensburg Mayor Kenneth Carter.

Dana Reports $1.3 Billion Loss in Third Quarter on Auto Industry Troubles; Shares Slump (Money Sense)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss of nearly $1.3 billion as a slumping automobile industry forced it to realign its business, triggering massive charges during the period. Its shares tumbled nearly 10 percent.

Test Drive: Project Gotham Racing 3
Editors at MSN Autos take Microsoft's latest driving game out for a spin.
Perry Stern

Slaying Suspect Says He Only Used Credit Cards (Washington Post)
A 42-year-old man accused of taking part in the fatal beating and robbery of a longtime journalist near his Northwest Washington home told investigators that he used the victim's credit cards but did not take part in the assault, police wrote in court documents made public yesterday.

Affidavits: Sheriff sold car with stolen parts to mayor (New Orleans Times-Picayune)
GREENSBURG, La. (AP) The St. Helena Parish sheriff may have sold a pickup truck cobbled together with stolen parts to Greensburg Mayor Kenneth Carter, according to recently unsealed FBI documents.

Slaying Suspect Says He Only Used Credit Cards (Washington Post)

Slaying Suspect Says He Only Used Credit Cards (Washington Post)
A 42-year-old man accused of taking part in the fatal beating and robbery of a longtime journalist near his Northwest Washington home told investigators that he used the victim's credit cards but did not take part in the assault, police wrote in court documents made public yesterday.

Chinese Entrepreneur Aims for U.S. Auto Market (American International Automobile Dealers Association)
Just as Henry Ford made history by putting America on wheels, entrepreneur Shufu Li is making history in his country, as his company debuted in Detroit with the first Chinese vehicle ever shown at a U.S. auto show.

How Will America's Big Two Automakers Survive?
After decades of market share losses, look for a leaner and more focused Big Two.
Ann Job

Hybrids steal show at Auto Expo (New Kerala)
New Delhi: Hybrids and eco-friendly vehicles stole the show at the 8th Auto Expo here, beating even the exotic hotwheels in the attention quotient.

Dana Posts 3Q Loss on Auto Industry Woes (AP via Yahoo! Finance)
Auto parts maker Dana Corp. on Tuesday reported a third-quarter loss as a slumping automobile industry forced it to realign its business, triggering massive charges during the period.

Eco-friendly vehicles steal show at Auto Expo (New Kerala)
New Delhi: Hybrids and vehicles using alternate power sources stole the show at Asia's largest auto show, the eighth Auto Expo here, beating even the exotic hotwheels in the attention quotient.

Dana Reports $1.3 Billion Loss in 3Q (ABC News)
Dana Reports $1.3 Billion Loss in Third Quarter on Auto Industry Troubles; Shares Slump

Winter Driving Tips From the Experts
Winter conditions can be challenging for drivers of all skill levels. The editor of Sympatico / MSN Autos Canada offers sound advice from the Great White North.
Marc Lachapelle, with Gerry Malloy for Sympatico / MSN Autos Canada

Flood Damage: Don't Get Soaked When Buying a Used Car
Carfax provides guidance and tips to help you spot vehicles with potential water damage.
Editors of MSN Autos

Detroit's 'Big Three' Automakers Launch New Incentive Programs
General Motors, Chrysler and Ford announce new programs in efforts to boost slackening year-end sales.
Perry Stern

More Auto news (Detroit Free Press) BorgWarner Inc. Chief Financial

More Auto news (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers.

BorgWarner expects it will grow (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers. BorgWarner, based in Auburn Hills, supplies transmission, engine and powertrain assemblies for automakers, whose production this year is expected to be flat.

Winter Driving Tips From the Experts
Winter conditions can be challenging for drivers of all skill levels. The editor of Sympatico / MSN Autos Canada offers sound advice from the Great White North.
Marc Lachapelle, with Gerry Malloy for Sympatico / MSN Autos Canada

A.F. auto parts chain acquired (Provo Daily Herald) A 77-year-old

A.F. auto parts chain acquired (Provo Daily Herald)
A 77-year-old icon in American Fork has been acquired by a large national car parts dealer. Bradshaw Auto Parts, which has supplied auto parts since 1929 for all makes and models, was acquired for an undisclosed sum by Raleigh, N.C.-based car parts dealer CARQUEST Corp..

Chinese Entrepreneur Aims for U.S. Auto Market (American International Automobile Dealers Association)
Just as Henry Ford made history by putting America on wheels, entrepreneur Shufu Li is making history in his country, as his company debuted in Detroit with the first Chinese vehicle ever shown at a U.S. auto show.

More Auto news (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers.

The Truth About Fuel Economy Ratings
If your new car's actual fuel mileage does not match the fuel economy numbers on the window sticker, it's not necessarily your car's fault.
Ann Job

More Auto news (Detroit Free Press)
Visteon Corp. , the nation's second-largest automotive parts supplier, announced a cost-cutting plan Wednesday that seeks to close, sell or revamp 23 plants hurting the company financially.

How Will America's Big Two Automakers Survive?
After decades of market share losses, look for a leaner and more focused Big Two.
Ann Job

US auto parts major bets big on India (Rediff.com) Turnover

US auto parts major bets big on India (Rediff.com)
Turnover of local operations, currently at $70 million, to grow at over 20 percent a year.

2006 NAIAS Coverage
The Official Web Site of the North American International Auto Show.
Editors of MSN Autos

Second Suspect in Editor's Slaying Says He Only Used Credit Cards (Washington Post)
A 42-year-old man accused of taking part in the fatal beating and robbery of a longtime journalist near his Northwest Washington home told investigators that he used the victim's credit cards but did not take part in the assault, police wrote in court documents made public yesterday.

Stocks look to earnings to set direction after flat week on markets (Canadian Press via Yahoo! News)
TORONTO (CP) - Stock markets could be in for further gains this week after a strong first few days of '06 trading gave way to caution last week, as investors look to fourth-quarter earnings to set direction.

Reporter's Credit Cards Used After Attack (Washington Post)
A credit card belonging to retired New York Times reporter David E. Rosenbaum was used at a gas station minutes after he was attacked last Friday night in his Northwest Washington neighborhood, police said yesterday.

A.F. auto parts chain acquired (Provo Daily Herald)
A 77-year-old icon in American Fork has been acquired by a large national car parts dealer. Bradshaw Auto Parts, which has supplied auto parts since 1929 for all makes and models, was acquired for an undisclosed sum by Raleigh, N.C.-based car parts dealer CARQUEST Corp..

Test Drive: Project Gotham Racing 3
Editors at MSN Autos take Microsoft's latest driving game out for a spin.
Perry Stern

BorgWarner expects it will grow (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers. BorgWarner, based in Auburn Hills, supplies transmission, engine and powertrain assemblies for automakers, whose production this year is expected to be flat.

Winter Driving Tips From the Experts
Winter conditions can be challenging for drivers of all skill levels. The editor of Sympatico / MSN Autos Canada offers sound advice from the Great White North.
Marc Lachapelle, with Gerry Malloy for Sympatico / MSN Autos Canada

More Auto news (Detroit Free Press)
Visteon Corp. , the nation's second-largest automotive parts supplier, announced a cost-cutting plan Wednesday that seeks to close, sell or revamp 23 plants hurting the company financially.

BorgWarner expects it will grow (Detroit Free Press) BorgWarner Inc.

BorgWarner expects it will grow (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers. BorgWarner, based in Auburn Hills, supplies transmission, engine and powertrain assemblies for automakers, whose production this year is expected to be flat.

US auto parts major bets big on India (Rediff.com)
Turnover of local operations, currently at $70 million, to grow at over 20 percent a year.

A.F. auto parts chain acquired (Provo Daily Herald)
A 77-year-old icon in American Fork has been acquired by a large national car parts dealer. Bradshaw Auto Parts, which has supplied auto parts since 1929 for all makes and models, was acquired for an undisclosed sum by Raleigh, N.C.-based car parts dealer CARQUEST Corp..

Test Drive: Project Gotham Racing 3
Editors at MSN Autos take Microsoft's latest driving game out for a spin.
Perry Stern

Second Suspect in Editor's Slaying Says He Only Used Credit Cards (Washington Post)
A 42-year-old man accused of taking part in the fatal beating and robbery of a longtime journalist near his Northwest Washington home told investigators that he used the victim's credit cards but did not take part in the assault, police wrote in court documents made public yesterday.

Reporter's Credit Cards Used After Attack (Washington Post)
A credit card belonging to retired New York Times reporter David E. Rosenbaum was used at a gas station minutes after he was attacked last Friday night in his Northwest Washington neighborhood, police said yesterday.

The Truth About Fuel Economy Ratings
If your new car's actual fuel mileage does not match the fuel economy numbers on the window sticker, it's not necessarily your car's fault.
Ann Job

Flood Damage: Don't Get Soaked When Buying a Used CarCarfax

Flood Damage: Don't Get Soaked When Buying a Used Car
Carfax provides guidance and tips to help you spot vehicles with potential water damage.
Editors of MSN Autos

More Auto news (Detroit Free Press)
Visteon Corp. , the nation's second-largest automotive parts supplier, announced a cost-cutting plan Wednesday that seeks to close, sell or revamp 23 plants hurting the company financially.

ASK THE AUTO DOCTOR (Independent Record)
Dear Doctor: We are senior citizens and own a 2000 Mercury Grand Marquis with 61,000 miles.

US auto parts major bets big on India (Rediff.com)
Turnover of local operations, currently at $70 million, to grow at over 20 percent a year.

Reporter's Credit Cards Used After Attack (Washington Post)
A credit card belonging to retired New York Times reporter David E. Rosenbaum was used at a gas station minutes after he was attacked last Friday night in his Northwest Washington neighborhood, police said yesterday.

More Auto news (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers.

A.F. auto parts chain acquired (Provo Daily Herald)
A 77-year-old icon in American Fork has been acquired by a large national car parts dealer. Bradshaw Auto Parts, which has supplied auto parts since 1929 for all makes and models, was acquired for an undisclosed sum by Raleigh, N.C.-based car parts dealer CARQUEST Corp..

Japan Hot Stocks-Auto firms, Minebea, Konica Minolta, builders (Reuters via Yahoo! Asia News)
TOKYO, Jan 13 (Reuters) - The following stocks are on the move on Friday: **AUTO MAKERS DOWN, AS STRONGER YEN CONTINUES TO WEIGH**

BorgWarner expects it will grow (Detroit Free Press)
BorgWarner Inc. Chief Financial Officer Robin J. Adams said he is expecting growth despite a tough economic climate for auto-parts suppliers. BorgWarner, based in Auburn Hills, supplies transmission, engine and powertrain assemblies for automakers, whose production this year is expected to be flat.

Top Luxury Cars on MSN Autos
The most popular luxury cars on MSN Autos, based on visits to the site's vehicle pages during the third quarter of 2005.
compiled by MSN Autos