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Updates from October, 2011

  • Former Delphi CEO J.T. Battenberg III must pay a $215,000 for violating federal securities laws by misrepresenting a $237 million payment to General Motors, a judge ruled on Monday.
    9:04 pm on October 31, 2011
     
  • Former Delphi CEO J.T. Battenberg must pay a $215,000 judgment and the company's ex-top accountant, Paul Free, must pay $118,500, for misrepresenting a $237 million warrant payment to General Motors, a U.S. judge ruled Monday.
    9:04 pm on October 31, 2011
     
  • U.S. auto sales in October are expected to have hit the highest rate in at least eight months, helped by pent-up demand from consumers trading in aging vehicles and a wider selection of Honda and Toyota brand cars and trucks.
    7:31 pm on October 31, 2011
     
  • Bob Beaumont, a former Chrysler-Plymouth dealer who pioneered a short-trip electric car known as the CitiCar in the early 1970s, has died. He was 79.
    4:14 pm on October 31, 2011
     
  • Parts shortages from three months of catastrophic flooding in Thailand have forced Honda to cut U.S. and Canadian factory production by 50 percent for the second time this year. Parts shortages from three months of catastrophic flooding in Thailand have forced Honda to cut U.S. and Canadian factory production by 50 percent for the second time this year.


    1:58 pm on October 31, 2011
     
  • Auto dealers are working to undo the Obama administration's fuel efficiency agenda, replacing car companies that for years kept such mandates at bay with the help of allies in Congress.
    1:01 pm on October 31, 2011
     
  • Mini has revealed the definitive production version of its 2012 roadster.
    9:17 am on October 31, 2011
     
  • Matt Patrias and Ed Orzechowski adjust the driver's door on the new Ford-licensed 1965 Mustang convertible body shell. The new body shell is made from high-quality, automotive-grade steel that is better than the original and features modern welding techniques. Everything old is new again — especially when it comes to the classic 1964-1/2, ’65 and ’66 Mustangs.


    9:11 am on October 31, 2011
     
  • Honda will sharply reduce North American production in November because floods in Thailand have disrupted parts supplies. Honda will cut its North American output by 50 percent, starting Wednesday.
    8:06 am on October 31, 2011
     
  • Honda reported a plunge in quarterly profits and said parts shortages from massive flooding in Thailand will hit production at the carmaker's six North American factories for several weeks.
    8:06 am on October 31, 2011