That's $10 billion with a "b." Toyota Motor on Tuesday became the first Japanese company to report a net profit of over a trillion yen, or about $10 billion U.S. greenbacks.
Toyota Earns $10 Billion (5/17/2004)
That's right -- with a "b."
Toyota Motor Co., in an effort to insure the full-size pickup truck it plans to introduce in 2006 has an all-American appeal, has decided it will be designed at the company's new design studio outside of Ann Arbor, Michigan. Kevin Hunter, vice president of Calty Design Research Inc., Toyota's in-house design firm in North America, said Calty's new Ann Arbor studio will have the primary design responsibility for full-size pickups that will be built in the new assembly plant Toyota is building in San Antonio, Texas. Hideichi Misono, senior general manager to
Toyota Opens Mich. Design Center (5/17/2004)
Gasoline prices up for summer drives
The price of gasoline continues to move higher and chances for any relief before the Fourth of July appear to be remote. Higher prices also are beginning to take a toll on the economy and could begin to slow the pace of economic growth if they continue through the summer. Wal-Mart, the superstore chain that supplies necessities, clothing, and modest luxuries to millions of American households, estimates that higher gasoline taxes are now costing the average American an additional $7 per week, which means they have less money for something else. Rising prices for fuel also are contributing to fears of resurgent inflation, because it has helped boost the price of transportation. In addition, petroleum is also a basic feedstock for all kinds of plastics and synthetic fibers used in thousands of different products.
Gasoline Prices Up for Summer Drives (5/17/2004)
Fueling a return to inflation is a distinct possibility, economists warn.
TCC Drives: '05 Ford Escape HybridHow do we escape from our dependence on high-cost foreign oil? With petroleum prices surging to record levels and turmoil wracking the
2005 Ford Escape Hybrid (5/17/2004)
Can you have it all with this "no compromises" SUV?
Business as usual for DC-Hyundai in Mexico
DaimlerChrysler's woes in
Four years ago, Hyundai arrived in México, when its tiny Atos started selling under the Dodge brand for approximately $6000. Even though this 1.0-liter four-cylinder minicompact sells under the "Atos by Dodge" nameplate, no serious attempt has been made to disguise its Hyundai emblems.
Strong sales of this tiny Hyundai have prompted GM de México to start selling the Daewoo Matiz under the
Hyundai also sells in México its H100 light duty work truck under the Dodge brand and recently the Hyundai Accent started selling in México, though it is named "Verna by Dodge" in that country. Dodge needed a vehicle to slot under the Neon and so far, the Verna has proved to be a perfect fit.
DaimlerChrysler de México will continue to sell these Hyundai products as part of an agreement with the Korean manufacturer.
As for Mitsubishi, a year ago DaimlerChrysler de México launched this brand in this country and established a separate sales channel for these products. The models sold in
Even in spite of rumors pointing to the departure of Mitsubishi from the Mexican market, DaimlerChrysler de México claims this will not happen, for acceptance of that brand have been better than expected. Stay tuned. — Francisco Perez
Sprinter plant in
The 250 Dodge dealers chosen for Sprinter van franchises in the
Now, says a report in the German trade paper Automobilwoche (Automotive News, May 10), the
FROM THE SOURCE headlines from the latest press releases
U.S. Transportation Secretary Norman Y. Mineta joined NASCAR President Mike Helton today in launching a new traffic safety alliance with the racing league aimed at saving the lives of everyday drivers on
|American Axle & Mfr. Holdings Inc.||AXL||35.81|
|Ballard Power Systems Inc.||BLDP||9.09|
|Collins & Aikman Corporation||CKC||5.04|
|DaimlerChrysler AG (ADR)||DCX||42.27|
|Dura Automotive Systems||DRRA||10.05|
|Ford Motor Company||F||14.70|
|General Motors Corporation||GM||44.35|
|Goodyear Tire & Rubber||GT||8.02|
|Honda Motor Co. Ltd. (ADR)||HMC||20.45|
|Johnson Controls Inc.||JCI||52.73|
|Magna International Inc.||MGA||76.06|
|Nissan Motor Co. Ltd. (ADR)||NSANY||19.69|
|Sonic Automotive Inc.||SAH||21.99|
|Sirius Satellite Radio||SIRI||3.16|
|Toyota Motor Corporation (ADR)||TM||68.08|
|TRW Automotive Holdings||TRW||18.26|
|Tower Automotive Inc.||TWR||4.00|
|United Auto Group Inc.||UAG||28.01|
|XM Satellite Radio Hold.||XMSR||22.89|