DC, Hyundai arrange amicable divorce
While DaimlerChrysler AG will put its 10.5-percent stake in Hyundai Motor Co. up for sale at an undetermined time, the two companies will still work together on a variety of projects, both companies said on Wednesday. DC, as has been reported earlier this week, will dispense with its stake in the Korean carmaker, in return, Hyundai will purchase DaimlerChrysler's 50-percent stake in Daimler Hyundai
Truck Corporation, a commercial vehicle engine joint venture the companies own in
Schrempp: Asia Plan is Viable by Joseph Szczesny (5/10/2004)
Is DC's plan for the East viable - or are the deck chairs being shuffled?
New regulations proposed on Wednesday by the National Highway Traffic Safety Administration (NHTSA) mean that automakers will be all but required to equip new vehicles with side-curtain airbags by 2009. The agency will set new side-impact crash standards that have separate standards for head protection in addition to thorax and abdomen protection for more passengers in the vehicle. It's expected that most manufacturers will meet the new rules by adding curtain airbags to the increasingly hefty safety equipment mandated by federal rules. The agency estimates some 700 lives could be saved each year once the technology is implemented to meet the new rules. The proposed changes to existing Federal Motor Vehicle Safety Standard rule 214 could become law as soon as 2005.
Sierra Club, UAW United Against NHTSA by Joseph Szczesny (2/23/2004)
New fuel-economy proposal draws the ire of some unlikely allies.
Long-time Lotus Cars USA chief executive Arnie Johnson has been ousted after a 33-year career with the British sports car maker. Automotive News reports that Lotus Holdings CEO Duke Hale, a former Isuzu executive, made the change on the eve of a major sales push with the introduction of the new Elise sports car. The former head of Mazda's southeast region, 59-year-old John English, replaced Johnson on April 30. Lotus hopes to sell 2000 Elises a year in the
2005 Lotus Elise by Marty Padgett (4/26/2004)
It's all or nothing for the sprite-sized successor to the Esprit and Elan.
Infiniti plots Korean launch
Nissan plans to take its Infiniti luxury brand to
FROM THE SOURCE headlines from the latest press releases
DaimlerChrysler Vans, LLC, the distributor of the Freightliner Sprinter - the official vehicle sponsor of the 2004 US Paralympic Team, and decorated Paralympic athlete Chris Waddell announce the launch of GO Forward, a national community outreach initiative bringing US Paralympic / gold medalist Chris Waddell to multiple communities and rehabilitation hospitals throughout the nation.
|American Axle & Mfr. Holdings Inc.||AXL||35.70|
|Ballard Power Systems Inc.||BLDP||9.35|
|Collins & Aikman Corporation||CKC||5.24|
|DaimlerChrysler AG (ADR)||DCX||42.94|
|Dura Automotive Systems||DRRA||10.41|
|Ford Motor Company||F||14.49|
|General Motors Corporation||GM||44.48|
|Goodyear Tire & Rubber||GT||8.17|
|Honda Motor Co. Ltd. (ADR)||HMC||20.65|
|Johnson Controls Inc.||JCI||51.56|
|Magna International Inc.||MGA||75.62|
|Nissan Motor Co. Ltd. (ADR)||NSANY||21.25|
|Sonic Automotive Inc.||SAH||21.84|
|Sirius Satellite Radio||SIRI||3.17|
|Toyota Motor Corporation (ADR)||TM||69.86|
|TRW Automotive Holdings||TRW||18.52|
|Tower Automotive Inc.||TWR||4.40|
|United Auto Group Inc.||UAG||27.55|
|XM Satellite Radio Hold.||XMSR||22.76|