Monday, June 25, 2007

Detroit News Roundup

EUREKA, Mo . -- Visteon Corp. will build an assembly plant in southwest St. Louis County that will employ about 200 people, the automotive supplier said Wednesday. Production at the plant in Eureka is expected to begin next summer. Initially, it will supply door panels, consoles and cockpits to the Chrysler Group plant in nearby Fenton, Visteon said. "Our significant business growth requires us to add strategic manufacturing capacity, and we're pleased to be creating new jobs in Missouri," said Donald Stebbins, president and COO for Visteon. The company received property tax abatements, payroll tax incentives and training grants from state, regional and local governments.

No bonus paychecks for Nissan board members

YOKOHAMA, Japan -- Nissan CEO Carlos Ghosn told shareholders Wednesday that the Japanese automaker's board members will forego bonus pay to take responsibility for poor performance. Ghosn acknowledged at a hall packed with more than 2,100 shareholders, a record for Nissan, in Yokohama, south of Tokyo, that the company had not met targets for fiscal 2006.

Chrysler plans to add 100 European dealers

Chrysler , being sold by DaimlerChrysler AG, plans to add 100 new dealerships in western Europe during the next two years to help increase international sales. The automaker's key markets in the region are Italy, the U.K., France, Germany and Spain, said Yvonne Malmgren, a Chrysler spokeswoman. Western Europe now has about 920 of the company's 1,400 dealerships outside North America, spokesman Ariel Gavilan said. The region accounted for more than half of 206,925 vehicles sold outside North America in 2006.

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