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Betting on Natural Gas (11/19/12)

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  1. General Motors0:23
  2. small business owners3:53
  3. Latin America0:30
  4. GM's0:59, 3:05
  5. ion batteries1:25
  6. Chapter Eleven1:28
  7. GMC2:20
  8. Ron Medford1:58
  9. US government1:04
  10. V83:37

Mon, 19 Nov 2012|

General Motors, Chrysler try retail sales of CNG trucks; General Motors, Ally; NHTSA exec going to Google.

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Automatically Generated Transcript (may not be 100% accurate)

Welcome to urged him for the Monday I'm Jennifer bond. Coming up in different weight to fuel pick up sounds we'll explain after your headlines. Is a done deal. According to the Wall Street Journal General Motors is expected to disclose today. That it will YL -- financials European and Latin America and China auto lending operations. The price about for a billion dollars the journal citing people familiar with the matter. Reuters report last week that a deal might be -- for L and amp cents which yen as the likely we better. Auto maker has been rebuilding its finance operations. In 2010 it -- sub prime lender AmeriCredit. Ally once known as you may see is GM's former auto lending arm. Both companies are partly owned by the US government. The Obama administration provided may 23 systems. With nearly one million dollars on that day that's probably battery maker filed for bankruptcy. That's what the company has told it to Republican lawmakers. Probing its copper mine ran. An -- of lithium ion batteries for much of cars file for Chapter Eleven last month. This after a rescue deal which Chinese auto parts supplier once young group fell apart. That day October 16. A 23 you received a payment of just under 947000. Dollars. That disbursement was part of 8249. Million dollar clean energy grant from the Energy Department. And look is getting behind the wheel of driver -- cars. Ron Medford then number two official at the National Highway Traffic Safety Administration. Will we -- posed at the end of November. He's elated to become its safety director for that not starting car project. -- goal. Really when he 500. Chevrolet Silverado 2500. GMC 2500. By years and US retail buyers will be able to get all three of these medium duty pick us. In compressed natural gas versions. Along with Honda civics in -- passenger car. They will be the only PNG field vehicles being sold any US retail buyers. Chrysler and GM are betting that a glut of natural gas has stripped -- prices so much. That people only motivated to purchase vehicles -- buy it. That's despite that found that vehicles powered by natural gas have they have dear price tag. Then they're gasoline powered -- hearts. GM's CNG is -- -- stickers for more than 43000. Dollars including shipping. That's 111000 more than -- bass club also Paronto. That truck is actually a Bob I feel -- coal. It's quick from gasoline natural gas one engine breaches certain temperature. Why does -- 2500. CNG is designed to travel 255. Miles -- natural gas power. People are switching over to a conventional Henne V8 engine. Feel -- gasoline. The makers are building Dan -- -- com. Dealerships like mark -- shark away and Norman Oklahoma say. They're starting to get inquiries. Heights expects interest from small business owners who worked the State's oil and gas industry. And now first shift footnote. CNG vehicles do you take off where buyers get fuel. Chesapeake Energy has an idea. The Oklahoma based company is working with General Electric and whirlpool. An 800 dollar appliance. That would let people fuel -- back home. The Wall Street Journal says the appliance would fit into homeowners a rise and looking to you came natural gas line. That is our show -- think so much for watching we'll see you tomorrow.

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    It's Tuesday and you're watching first step I'm Ursula is a rally. Coming up how Nissan is putting ladies first in Japan. Now Jennifer Vaughn is in the newsroom at your headlines. Things are Islam. Twit you know is changing the way it pays factory workers in Japan and then keep financial daily reports that the new system will focus on performance instead of seniority. The auto makers labor union has been told the plan. Toyota hopes to roll it out to about 60% of its workers in January. 1 goal attracting young talents. Here now are some more detail on billionaire George Soros says plans to invest in car dealerships. Two sources who heard a representatives speak any private dinner in San Francisco this weekend tell Automotive News. That Soros Fund Management is prepared to invest as much as one billion dollars in the business. The representatives said Soros has no intention of running car dealerships. The fund's goal would be to keep the current management in place and help with that capital strategies. The firm is set to be talking with several interested parties. The latest telling you for confirmed deaths are linked to defective at General Motors ignition switches its fifteen. The deadline for filing claims is this Saturday. Kenneth Feinberg the victim's compensation attorney hired by GM to a suspect claims. Exposed to be reviewing Perry class well into a sprained. Check back. Finally the hair raising power in performance of the AMG GT. That's what Mercedes will be touting in its approval added this Sunday. The latest tape and the tortoise vs hare fable. Made its debut on the Ellen DeGeneres show yesterday. Why create TV buzz now. Burst in any marketing VP drew Slavin says half the purpose of AC global ad. Is getting people involved in the discussion before the game. What is the what what you write toilet like mail for Allison can you explain what Internet as. I mean. What is I three anyway Allison BMW unveiled its commercial on The Today Show earlier yesterday. You can watch if not ears of Super Bowl ads at auto news.com slash super ads Ers flown back to you. Thanks Jennifer and he said he plans to put more females to work in Japan by doubling the number of sales woman took 14100 but 2018. And funny thirteen the auto maker began designing Japanese dealerships for mothers. By putting many cars on the show floor and offering nursing rooms and play areas for children. On Friday the auto maker said it will triple its ladies first dealerships. To 300 in the coming fiscal year and aims to have 700 by 2018. According to Bloomberg. And we'll stay with Nissan for a first shipped back to. Yeah. One million that's the number of vehicles automaker has exported from United States. This vehicle was manufactured in sneer at Tennessee and will be sold in South Korea. Nissan has been building cars in the U lasts for 31 years. It's two US plants now export vehicles to 68 global markets. To have achieved more million units of exports. Proved so we're making it attractive. I'm globally competitive products. And that's our show for today thanks for tuning in.

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