TCC'S DAILY EDITION: May 23, 2003
Next Caddy CTSv To Nudge 500 HP
2005 Cadillac CTSv
GM “Sleeps On It” To Improve Image by James Amend (5/19/2003)
Will prospective owners still respect GM cars if they stay the night?
Ford: Takeover Certain Without Family
Shrinking Dollar Helping Detroit by Joseph Szczesny (5/19/2003)
But which companies will benefit from the rising euro?
DaimlerChrysler: Windsor Plant Deal Off
DaimlerChrysler has informed the Canadian government that it will not build a new assembly plant, complete with supplier park, in the city of Windsor, Ontario. Chrysler Group has cancelled plans for the new plant because of its softening profit picture, due mostly to incentive and rebate spending in North America. Many analysts had expected that the company would build a small pickup truck patterned after its M80 concept at the plant and distribute it through the Dodge and possibly Mitsubishi brands. Chrysler Group CEO Dieter Zetsche also cited the overcapacity problem in North America as a reason for pulling the plug on the project, which had been planned to open in 2005.
DC Commits to One, Maybe Two Plants by Joseph Szczesny (10/21/2002)
What’s really going on in Windsor and Savannah? Only DaimlerChrysler officials really know.
WORLD REPORT: Mexico
Fiat to Enter Mexican Market
The mystery is officially over. Six months after Fiat showed up in AutoExpo Mexicana for the first time, the automaker has announced that it is coming to the Mexican market, and it’s doing so through GM de Mexico.
Fiat will take advantage of the GM de Mexico infrastructure and will start selling its vehicles in Mexico in the third quarter of this year. The models Fiat chose for the Mexican market are the five-door Palio, Palio sedan and Palio Adventure.
As a result of this announcement, the GM de Mexico distribution channel will be modified. Previously, GM de Mexico had Chevrolet-Pontiac dealerships, while the premium models were sold though Cadillac-Saab retailers. Now GM de México will sell Chevrolet products in dedicated dealerships and Fiat will sell in the same showrooms as Pontiac.
The new dealerships will be called Pontiac-Fiat and soon will start operating in Mexico City, Guadalajara, Monterrey, and Queretaro. The premium distribution channel will remain unchanged, meaning that Cadillac and Saab will sell in the same showrooms. — Francisco Pérez
FROM THE SOURCE headlines from the latest press releases
For the third year in a row,Toyota Motor Sales (TMS), U.S.A., Inc., has topped the Automotive Market Environmental Superiority (AMES) Awards with eleven winners. Polk Automotive Intelligence, an authority on vehicle environmental performance, announced the AMES awards.
|AMER AXLE & MANU||AXL||23.61||+0.20|
|BALLARD PWR SYS||BLDP||13.19||-0.14|
|FORD MOTOR CO||F||9.72||+0.05|
|HONDA MOTOR CO||HMC||17.11||+0.23|
|UNIT AUTO GRP||UAG||17.82||+0.72|