“Fleetwood RV, Inc. Launches New Consumer Website - The Auto Chanel” plus 4 more |
- Fleetwood RV, Inc. Launches New Consumer Website - The Auto Chanel
- Obama Ventures to RV Plant in Indiana in Defense of Stimulus - FOX News
- U.S. feels boost in manufacturing, auto sales, markets - St. Petersburg Times
- Magna awarded $40 million in stimulus funds - Star-Press
- 'Cash for clunkers' trade-ins boost U.S. auto sales in July - St. Petersburg Times
| Fleetwood RV, Inc. Launches New Consumer Website - The Auto Chanel Posted: 03 Aug 2009 04:56 PM PDT DECATUR, IN - August 4, 2009: Fleetwood RV, Inc., a leading producer of high-quality Class A and Class C recreational vehicles, today announced the launch of its new consumer website: www.fleetwoodrv.com. "Our new website is an interactive platform created to help our customers make educated decisions about their future motor home purchase," said John Draheim, president of Fleetwood RV, Inc. "It includes the most up-to-date information about our products, as well as a host of functional features that we believe consumers will find useful whether they are purchasing their first motor home or their next motor home." Key highlights on the new Fleetwood RV website include: About Fleetwood RV, Inc. Fleetwood RV, Inc. ("Fleetwood RV" or the "Company") is a leading manufacturer of Class A and Class C recreational vehicles. The Company has one of the best and longest standing distribution networks in the industry and boasts some of the industry's most recognized and iconic brand names such as American Coach and Bounder. Fleetwood RV is headquartered in Decatur, Ind., which is also its principal manufacturing location. The Company also owns Goldshield Fiberglass Inc., an industry leader in custom molded composite products across a variety of industries including heavy truck and RV.  This posting includes an audio/video/photo media file: Download Now |
| Obama Ventures to RV Plant in Indiana in Defense of Stimulus - FOX News Posted: 05 Aug 2009 08:47 AM PDT WASHINGTON - President Obama is promising that Washington will succeed in passing his overhaul of the nation's health care system before the year ends. Obama on Wednesday visited hard-hit Indiana to announce $2.4 billion in taxpayer grants to create electric cars and tens of thousands of jobs. But he also pledged action on an ambitious health care overhaul that he argues would help stabilize the nation's fiscal health. Obama said: "I promise you, we will pass reform by the end of this year because the American people need it." The House and Senate have proposed a handful of bills that move toward Obama's goal. The White House previously said it wants to sign those changes into law by the end of the year. Obama also said Indiana factories "are coming back to life," earning cheers as he returned to an economically struggling region to sell his costly stimulus plan. Obama announced Wednesday in Indiana that the stimulus is now providing $2.4 billion in taxpayer grants to create electric cars -- and tens of thousands of jobs. He said Indiana is the second-largest recipient of these grants. He spoke from the factory floor of Monaco RV, purchased in June by Navistar International Corp. after its previous owner went bankrupt because of the collapse in the recreational vehicle industry. Indiana's Elkhart-Goshen area had an unemployment rate of 16.8 percent in June. That's up 10 percentage points from last year. It's also higher than it was when Obama visited in February. As Congress breaks for the summer, the public message war is on. Obama wants to persuade Americans that his economic agenda is working but also that it will take time to produce the number that people really want: more jobs. White House blog: Administration's Battery Sale That matters immensely in the Elkhart-Goshen area, a capital of RV manufacturing. The industry has been crushed by the recession. Indiana's Elkhart-Goshen area had an unemployment rate of 16.8 percent in June. That's up 10 percentage points from last year. It's also higher than it was when Obama visited in February, although the jobless rate has at least come down from 17.5 percent in May. This is the same region where Obama made his first bolt outside the Washington beltway as president, three weeks on the job. He was lobbying for the stimulus. The resulting $787 billion legislation included $2.4 billion to support a new generation of electric cars. The competition for the money is completed, giving Obama something concrete to offer in his return visit. The money will be split among nearly 50 projects in 25 states, with the biggest shares going to Indiana and Michigan to create job opportunities in the automotive sector. Obama's trip comes as signs of an economic recovery have started to emerge in key areas such as housing and manufacturing. But jobs are the key to success -- for individuals, for families, for politicians -- and those haven't been returning yet. Overall, unemployment in the United States hit 9.5 percent in June, the highest level in 26 years. New monthly numbers come out Friday, and the White House has been trying for weeks to set expectations that joblessness will worsen before it gets better. Obama previewed the next jobs report this way: "It's likely to show that we're still continuing to lose far too many jobs. As far as I'm concerned, we won't have a recovery until every American who wants a job can find one. But history does show that you need to have economic growth before you have job growth." And on that front, there is some positive news. The economy shrank at a 1 percent rate in the April-to-June second quarter, new figures show -- another contraction, but a sharp upgrade from the 6.4 percent slumps in the first quarter and a 5.4 percent decline in the fourth quarter of 2008. The president says the progress is due in part to the stimulus effort. Republicans have taken whacks at the stimulus for weeks, contending that it was not worth the cost and has not produced results as the nation keeps shedding jobs each month. The American public is still uneasy. A total of 79 percent of people describe the economy as "poor," according to an AP-GfK Poll. And Obama's approval rating on the economy is now at 50 percent, the same poll found, down from 58 percent in April. The last time Obama was in the Elkhart area, he said, "Recovery will likely be measured in years, not weeks or months." Still, the White House is sensitive to the fact that people measure progress in terms of their daily lives. Obama's spokesman, Robert Gibbs, was asked whether Obama expects a warm reception in Indiana given the continued economic downslide in the region. "Well, look, I hope that the people there and the people across the country believe that the president is working hard every day to get the economy back on track," Gibbs said last week. "But he understands their anger and frustration. He's angry and frustrated too." Of the new grants, $1.5 billion will go to the production of batteries and their components; $500 million will go for other components needed for the cars, like electric motors; and $400 million will go toward plug-in hybrid cars, training for technicians and related costs.  This posting includes an audio/video/photo media file: Download Now |
| U.S. feels boost in manufacturing, auto sales, markets - St. Petersburg Times Posted: 04 Aug 2009 07:15 AM PDT Times Staff Writer Manufacturing expects a surge U.S. manufacturing is expected to grow next month for the first time since January 2008. Production and new orders jumped to their highest level in two years, while new export orders grew after shrinking for nine months. Construction spending unexpectedly rose 0.3 percent in June. Sales improve for automakers The government's Cash for Clunkers program has buoyed the suffering auto industry. Ford's Fusion, Escape and F-series pickup helped the automaker report its first monthly sales increase in nearly two years. Korea's Hyundai could pass Chrysler and Nissan in sales for the first time ever. Markets rebounding A disproportionate number of companies beat Wall Street expectations in the latest earnings season, helping boost major market averages, including the S&P 500, which climbed above 1,000 Monday for the first time since November. Emerging markets have soared to summer 2008 levels. [Last modified: Aug 04, 2009 10:31 AM]  This posting includes an audio/video/photo media file: Download Now |
| Magna awarded $40 million in stimulus funds - Star-Press Posted: 06 Aug 2009 12:13 PM PDT MUNCIE -- A company with a southwestside Muncie plant will receive $40 million in federal American Recovery and Reinvestment Act funds meant to boost the development of electric cars. Magna E-Car Systems -- part of Magna International, which opened its Magna Power Train plant on Cowan Road in Muncie in 2006 -- will get $40 million, although the White House announcement specified the money was for Magna in Muncie and Holly, Mich. The good news for Magna came as part of President Barack Obama's announcement of $2.4 billion in stimulus funding for batteries and electric vehicles. Obama spoke Wednesday in economically hard-hit Elkhart County in northern Indiana, and the Hoosier state will receive more than $400 million in funding. Magna E-Car Systems will receive funding for "increasing production capacity of advanced automotive electric drive system component manufacturing plants." Magna deferred questions about what the funding would mean for the local plant and whether it might generate new jobs. "At this point, it would be too premature to comment on potential job creation and/or any other related details," Magna spokesman Tracy Fuerst said. But news that federal funds would be earmarked for a local manufacturer was heartening to officials. "That's great news," said Terry Murphy, vice president for economic development for the Muncie-Delaware County Economic Development Alliance. "Magna is going to be a survivor of this whole automotive downturn. They stand to pick up some of the business lost by others in the industry." In Muncie, Magna employs about 140 people, a smaller number than the 400 employees forecast when the plant opened three years ago. "They're just a victim of (downturns in) the automotive industry," Murphy said. "Their sales are down, they're hurting like everyone else, but they're a strong company worldwide." Murphy said the local Magna plant has been performing parts machining work for the automotive industry, including General Motors. Fuerst said the Muncie plant "assembles and machines powertrain components and sub-assemblies" while the Michigan plant is where electric drive modules are assembled. Ball State University economist Michael Hicks said it was hard to gauge the impact of the federal funds on the local manufacturing scene. "I'd think they'd want to spend more money here in Indiana than Michigan given the tax climate, but that would depend on the differences between the two plants [in Muncie and Holly, Mich.] and what the grant is for," Hicks said. Other Indiana companies and federal funds they will receive, as announced Wednesday, were: EnerDel, Indianapolis, $118.5 million. Delphi, Kokomo, $89.3 million. Allison Transmission, Indianapolis, $62.8 million. Remy, Pendleton, $60.2 million. Magna E-Car, Muncie, $40 million. Navistar, Wakarusa, $39.2 million. The president made Wednesday's announcement at the former Monaco RV plant in Wakarusa.  This posting includes an audio/video/photo media file: Download Now |
| 'Cash for clunkers' trade-ins boost U.S. auto sales in July - St. Petersburg Times Posted: 03 Aug 2009 05:10 PM PDT Los Angeles Times The $1 billion "cash for clunkers" program gave automakers, led by Ford Motor Co., a huge sales boost in July. Now the question is whether funding for the incentive will continue. Thanks to a wave of trade-ins, Ford in July posted its first monthly sales increase in more than a year and a half. The program, which offers rebates of as much as $4,500 to consumers who trade in older autos for new vehicles that meet certain fuel economy standards, has been hugely popular. Other automakers also appeared to benefit from the trade-in stimulus, if not to the same degree. Honda said its sales declined 17 percent in July, a marked improvement over previous months. Toyota's sales declined 11 percent in July, compared with a 34 percent decline for the first seven months of the year, while General Motors had a 19 percent decline, far better than its 38 percent decline year-to-date. Chrysler posted similar improvements, with sales down just 9 percent on the month. Early analysis of the program found consumers opting for vehicles that deliver higher mileage, with a 15.8 mpg average fuel economy rating for trade-ins, compared with an average of 25.4 mpg for the new cars being purchased. For July, Ford sold 158,838 cars and light trucks, a 2 percent increase in new vehicle sales that broke a streak of 19 monthly declines. GM, emerging from bankruptcy last month, sold 189,443 vehicles, while Chrysler sold 89,900. Michael DiGiovanni, GM's lead sales analyst, said the program added about 115,000 sales to the market, and on an annual basis could bump up U.S. sales by more than 1 million units. "Clearly, this has been a big boost to the economy," he said. Running The White House says the Senate must approve $2 billion without delay for the "cash for clunkers" program or the big rebates for car buyers could end by Friday. The House approved the funding Friday. White House spokesman Robert Gibbs estimated the additional $2 billion would keep incentives available to consumers through September. [Last modified: Aug 03, 2009 08:11 PM] This posting includes an audio/video/photo media file: Download Now |
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