TCC'S DAILY EDITION: Dec. 1, 2003
DB9 Droptop for Detroit
2005 Aston Martin DB9 VolanteEnlarge Photo
“The DB9 Volante has all of the traditional styling cues you’d expect from a convertible Aston Martin. It’s very elegant and perfectly proportioned from every angle, while subtle embellishments help create a powerful-looking sports car.”
The top retracts within just 17 seconds. When down, it folds behind a hard tonneau cover, which then electrically closes flush with the DB9’s bodywork. In the event of an accident, sensors in the DB9 Volante detect the risk of a potential rollover and two roll hoops are deployed from the rear seat headrests, while front seat passengers are protected by the windscreen A-pillars which can withstand twice the total weight of the car. —Ian Norris
Chrysler Execs Continue Shuffling On
The Chrysler Group has reshuffled the management of its marketing operations by announcing the retirement of two senior managers and the reassigment of half a dozen more as the group prepares for the critical launches of nine new vehicles in 2004. The launch challenge has been amplified by criticism the Chrysler Group has drawn for the lackluster introduction of the Pacifica and the signing of a $14 million contract with singer Celine Dion from which the company has gotten little mileage and more critical comment. Many analysts now believe the Chrysler Group faces a huge competitive challenge as tries to rebuild its retail market share despite the new product introductions, which will include new models like the Chrysler 300C, the PT Cruiser convertible, and next fall, the replacement for the Jeep Grand Cherokee.
Chrysler Executives Continue Shuffling On (11/30/2003)
Marinelli, Donlon, and Brust the latest to depart Auburn Hills.
Toyota: Scion a Fountain of Youth
2002 Toyota CCX conceptEnlarge Photo
Toyota: Scion a Fountain of Youth (11/30/2003)
Scion’s back-door, youth-oriented marketing approach is working, Farley reports.
Comerica: Vehicles More Affordable
Cars, trucks, sport-utility vehicles, and minivans are more affordable but consumers are taking more time to pay off their car loans, according to two new surveys from Comerica Bank in Detroit and Edmunds.com. On balance the reports point to stronger sales, analysts said. David Littman, Comerica Bank vice president and chief economist, reported the purchase of an average-priced new vehicle during the third quarter of 2003 took 19.9 weeks of median family income to pay off, before taxes, according to the Auto Affordability Index compiled by the Detroit-based bank. The third-quarter reading is 0.1 week more affordable than second quarter's 20.0 weeks, Littman said.