DAILY EDITION: August 22, 2003

August 21, 2003

TCC'S DAILY EDITION: August 22, 2003

Caddy Escalade Has Highest Theft Rate

2002 Cadillac Escalade

2002 Cadillac Escalade

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When it comes to stolen cars, Cadillac’s Escalade ranks among the most frequently purloined vehicles when adjusted for its prevalence on the road. That’s according to new numbers from the Highway Loss Data Institute (HLDI), an affiliate of the insurance industry-sponsored Insurance Institute for Highway Safety (IIHS). The HLDI found that the Escalade has the highest rate of theft over the last three mode years, at 10.3 theft claims per 1000 vehicles. The average rate of theft for all vehicles came in around 2.6, according to figures on the IIHS Web site. Dodge’s Stratus earned the second spot for thieves with 8.7 theft claims per 1000, with Mitsubishi’s Mirage ranking third with 7.2 thefts per 1000. Overall, the group found that theft rates are down for the 2002 model year — only 2 per 1000 vehicles are stolen, versus 15 per 1000 in 1980 — but haven’t improved significantly in a few years. See more of the study at www.hwysafety.org. 2004 Cadillac SRX by TCC Team (7/7/2003)
Redefining a niche, reshaping a brand.

Cadillac May Build Euro-Specific Model

Cadillac may build a new compact sedan aimed squarely at wooing European customers weaned on BMW 3-Series and Benz C-Class sedans. Automotive News reports that the vehicle would be smaller than today’s CTS and positioned against the German titans. It could be ready in three or four years, the report indicates, and could bolster Caddy’s efforts to get a foothold in Europe, where It currently sells the Seville and CTS.

Spy Shots: '05 Cadillac STS by Hans Lehmann/Hidden Image (6/30/2003)
Replacing the Seville, one continent at a time.

GM Working Plants Overtime Over Blackout

General Motors will run some plants overtime this weekend so that it can make up for time lost to last week’s blackout. Reuters reports that 15 of GM’s 30 plants in North America will work overtime to recover lost production. The blackout of the east coast included southeast Michigan, and nine of GM’s plants were directly affected by the power outages. GM has resumed production across its network, though it did slow down builds in Ontario in response to a Canadian request that manufacturers move slowly to ramp up to prior power usage. GM has Ontario’s permission to run its plants overtime this weekend, a spokesperson told the news service.

Deal Close for Goodyear, Union

Goodyear is closing in on a new labor contract with its unionized work force, according to wire reports. The company is bargaining with the United Steelworkers of America on a new three-year contract that could help the company avoid a deeper financial crisis. The company has been fighting high production costs and has failed to capitalize on Bridgestone’s weakness during the Firestone recall of 2000. Goodyear is seeking labor force and cost cuts from its pool of 19,000 employees and fourteen U.S. plants. Union employees must accept the tentative agreement, which could be presented to them in a matter of days, Reuters reports.

UAW Tries Southern Union Gambit by Joseph Szczesny (8/11/2003)
Mass transfers of UAWers into Alabama and Georgia could be the union’s ticket to organizing southern auto plants.

Goodyear Closing Shop in Alabama?

As Goodyear tries to reach a new work agreemet with its union work force, the company’s Alabama tire factory may be on the chopping block. The Huntsvile, Ala., tire factory could be shuttered and 1100 jobs axed if the union agrees to a tentative pact with the United Steelworkers of America. The company and the union have been negotiating for five months on a new work agreement. The Alabama plant manufactures Dunlop tires.

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