GETS FOURTH WINSTON
CHRYSLER JOINS ZERO CROWD
As expected, Chrysler on Monday announced that it too would extend its zero-percent financing offers into 2002. The Chrysler deal is good through Jan. 8, with no added restrictions; the company already had the most restrictive offer of the Big Three, as it excluded the Liberty, Viper, Prowler, all minivans, and the PT Cruiser. GM said last week that its zero-percent plan would last through Jan. 2; Ford says that its plan will go through Jan. 14.
Zero Percent Stays at GM, Ford by Joseph Szczesny (11/19/2001)
TOYOTA MIGHT ZERO OUT, TOO
Toyota President Fujio Cho says his company, Japan’s largest automaker, may continue some zero-percent financing offers to match those being extended by Ford and GM. Reuters reports that President Cho responded to GM’s decision to extend its zero-percent offers into 2002 with typical ambiguity: "As to whether we should continue it a bit more, we haven't come to any decision. We are still in the middle of considering it," the news service quotes Cho.
Zero Percent Stays at GM, Ford by Joseph Szczesny (11/18/2001)
GAS RETURNS FOR HOLIDAYS
USA Today and TCC readers and contributors across the country report that gas prices plunged in time for the Thanksgiving holiday. The daily newspaper cites political troubles within the Oil Producing and Exporting Countries (OPEC) organization for the price freefall, which could push gas prices below 80 cents a gallon in some areas. The paper cites several locations in Georgia with unleaded at 97 cents a gallon; in suburban Atlanta, several stations are charging less than 90 cents a gallon. Those prices don’t incorporate a huge drop in the price of crude oil last Thursday. Analysts expected record highway traffic for the Thanksgiving holiday, fueled by the Sept. 11 attacks and by the drop in gas prices. USA Today notes that the average gas price across the country is $1.20, down from $1.35 a month ago and $1.72 in mid-May. Gas prices may continue to fall through the end of the year.
TCC Tip: Holidays On The Go by Bengt Halvorson (11/18/2001)
FORD, BRIDGESTONE TALKING — BUT ABOUT WHAT?
Speculation over the Ford-Bridgestone talks held last weekend says that Ford has asked the parent company of Firestone for as much as $2 billion in compensation for the recall fiasco of 2000-2001. The companies, which severed their relationship earlier this year as they assigned blame for the 13-million-tire recall that linked Firestone tires on Ford Explorers to some 271 deaths, held meetings in Honolulu last weekend. The topic of the talks was not revealed by Ford’s public-relations team, according to a Reuters report, but future discussions are planned. Both companies face the threat of a class-action lawsuit over tread separations that caused the fatal accidents and hundreds of injuries.
Firestone Forced into Recall by Marty Padgett (10/8/2001)
MASERATI PLOTS U.S.
2002 Maserati Spyder
IS EURO CAR OF THE YEAR
2001 Peugeot 307
story posted 11/26/01