Advertisement
Find a Car
Go!

Week of March 13, 2000


1243_image

1243_image

 

DC, MITSU SAY "NO COMMENT" TO MARRIAGE TALK
UP, UP, UP—GAS PRICES WILL RISE WITH SUMMER TEMPERATURES
PT CRUISER A CAR AND TRUCK
FORD EXTENDS WARRANTY, OFFERS BUY BACK ON OVER 700,000 CARS
SUPPLIERS WORRIED ABOUT BIG THREE’S ONLINE PARTS NETWORK
EU AGREES ON PLAN TO MONITOR CAR POLLUTION
"CHEAP, CHEAP" SAYS SAMSUNG OF RENAULT BID
NEW HYUNDAI FOR U.S. MARKET GETS NAME, FALL SALE DATE
SHELL TESTS ROBOTIC PUMP NEAR INDIANAPOLIS
EU REPORT SHOWS IT DOUBTS BMW’S EFFORTS
GM, FORD UP INCENTIVES
CUMMINS ENGINE STAYS, SAYS DODGE
MAZDA UPS ANTE, LOWERS PRICE ON MIATA
OVER-THE-COUNTER ALLERGY PILL CAN CAUSE "DRUNK" DRIVING

 

DC, MITSU SAY "NO COMMENT" TO MARRIAGE TALK After Japan’s Nihon Keizai reported that DaimlerChrysler were in the final stages of securing a stake in Mitsubishi, both automakers declined to comment on a possible joining of the two companies. A Mitsubishi spokesperson who declined comment said, "We are talking with various other companies but we can’t go into specifics." Speculation has recently centered around Ford talking with the Japanese automaker about a possible joint venture with Volvo Cars, one of Ford’s subsidiaries.

 

UP, UP, UP—GAS PRICES WILL RISE WITH SUMMER TEMPERATURES The U.S. Department of Energy said that gasoline prices could go as high as $1.80 per gallon this summer, even if OPEC ups the oil production by one million barrels a day. Private analysts have indicated that prices could go as high as $2.50 a gallon if OPEC does not increase production. In an effort to ease some of the strain motorists are feeling at the pump, some Republican senators have proposed that the tax of 4.3 cents per gallon of gasoline be dropped temporarily, but the idea received lukewarm reception among lawmakers.

 

PT CRUISER A CAR AND TRUCK The Chrysler PT Cruiser, due in showrooms at the end of the month, has been classified as a car by the Environmental Protection Agency (EPA), yet DaimlerChrysler expects federal safety regulators to view the vehicle as a truck. It is the federal safety regulators at the National Highway Traffic Safety Administration that oversee the fuel economy standards. If the vehicle remains classified as a truck by NHTSA, then it will help offset the other gas guzzling trucks in its fleet. The Corporate Average Fuel Economy (CAFE) standards dictate that each manufacturer's light trucks (pickups, SUVs and minivans) must get an average of 20.7 miles per gallon.

 

FORD EXTENDS WARRANTY, OFFERS BUY BACK ON OVER 700,000 CARS Ford will extend the warranties and offer to buy back some of the 717,680 cars and minivans that have a faulty head gasket that can destroy the engine block if it fails. The company will repurchase some of the defective cars for up to $8,375 each and offer a discount of up to $4,000 on a new vehicle for other owners of defective vehicles. The vehicles affected are 1994-1995 Ford Taurus’ and Mercury Sables, 1995 Ford Windstars and 1994 Lincoln Continentals that were equipped with a 3.8-liter V-6 engine.

 

SUPPLIERS WORRIED ABOUT BIG THREE’S ONLINE PARTS NETWORK Automotive suppliers expressed fears about the new online parts supply network recently formed by Ford, General Motors and DaimlerChrysler. Both a lack of say about the network’s operation and being squeezed on prices were concerns at the forefront of suppliers’ minds. The Big Three are planning to organize the new company’s structure, including an initial public offering and make a decision if suppliers can buy an equity stake, within the next three months. Separately, Toyota has said it is studying the network, but has not yet decided if it would join.


Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Advertisement
Try My Showroom
Save cars, write notes, and comparison shop with hi-res photos.
Add your first car
Advertisement
Take Us With You!
   
Advertisement

More From High Gear Media


 
 
© 2014 The Car Connection. All Rights Reserved. The Car Connection is published by High Gear Media. Stock photography by Homestar, LLC. Send us feedback.