In the long-running battle between
The West Coast's premier auto event traditionally was scheduled to open just before
Asked why it took so long to make the switch, Fuzesi blamed local politics. The auto show was traditionally low on the totem pole for city officials, who favored events that generated more business for
That's not soon enough for some industry planners, who suggest that
Beijing Motor Show Index by TCC Team (6/21/2004)
Big news from the world's fastest-growing auto market.
Benz releases first A-Class shots
2005 Mercedes-Benz A-Class
The second generation of the A-Class has been unveiled, and it will undoubtedly have a better time of things, as it will be delivered with standard ESP. The new model has a 5.5-inch longer wheelbase (at 101 inches) and is 9 inches longer (at 151 inches) than its predecessor. The new A-Class has a broader stance, growing nearly 2 inches in width (to 69 inches), and though it is practically about the same height (62.5 inches), it looks better balanced.
The A-Class will sport standard air conditioning and head and thorax airbags. Mercedes has patented some 200 items on safety and comfort.
The marketing campaign will be titled 'Follow your own star' with which Mercedes wants to draw attention from younger clients. For use in the campaign, pop star Christina Aguilera has recorded a new song, Hello.
Spy Shots: '06 Mercedes M-Class (6/21/2004)
Naked for all the world to see - but for
Spy Shots: '06 Mercedes S-Class (6/21/2004)
Airbags by the dozen - and more.
"We've heard that Toyota's going to come out with a next-generation MR2 that will have hybrid technology in it," the official says, adding that the DOE has been urging U.S. automakers to employ a performance-oriented strategy for some time and that Toyota, once again, plans to beat its Yankee competitors to the punch.
"I think a performance hybrid is absolutely logical, makes perfect sense and I'm surprised no one has done it yet," he says. "We've been advocating that within the industry for some time now. I think it makes sense because you can successfully combine very high performance and high efficiency and you're in the type of vehicle that can bear the price premium a little better. If you're clever about it you can just have stellar, stellar performance. We all know that electric motors are really good for launch."
In addition, the official says hybrids allow automakers to downsize engine size without sacrificing power, at the same time providing needed off-the-line boost.
The next-generation MR2 is scheduled for 2005 or 2006, according to recent speculation and the natural progression of
The DOE official's comments come following Toyota's admission in 2002 that it is planning a full-hybrid lineup by 2012 and the company's announcement at the 2004 Detroit Auto Show that it seriously will consider building a hybrid V-8 version of its next full-size Tundra pickup truck in years to come.
A hybrid MR2 and Tundra would likely follow the Camry into
Flint: Scion and the Youth Market by Jerry Flint (6/21/2004)
First Genesis, then the exodus.
GM reorganizes European arm
Facing intense competition. General Motors Corp. has moved to integrate different elements of its European operations into one, tightly knit organization. Bob Lutz, GM vice chairman of product development, and former interim president of GM Europe, said the changes represented an effort to use the giant automaker's resources more effectively. Earlier this week, GM officials had said the company's European operations would lose money again this year. At the start of the year, the corporate goal for GME had been to reach profitability after losing money during the previous three years. GM of Europe's losses, however, actually widened in the first quarter.
In addition, GM also is facing new competition from Ford Motor Co.'s resurgent European operations and as well as
GM Reorganizes European Arm (6/21/2004)
Opel, Saab and Vauxhall move closer as GM hopes to improve profits.
Mitsu troubles deepen with recalls
Saddled with the heavy expense of new recalls, plummeting sales in its home market and a battered image, Mitsubishi Motors Corp. is already rewriting a revival plan it laid out only a month ago. The revised rescue plan includes more cost cutting and reductions in executive salaries. Since announcing the first revival plan, which included $4 billion in emergency aid from banks and the larger Mitsubishi consortium, Mitsubishi Motors has been rocked by a new recall scandal that has put a huge dent in the sales. The company's reputation never completely recovered from the first scandal that erupted four years ago when it was disclosed that the company had hidden defects in its vehicles from Japanese consumers. The defect scandal has now expanded to include Mitsubishi's Fuso Truck and Bus Corp., which was spun off in 2003 to DaimlerChrysler. The new wave of recalls scandals also is raising doubts about whether Mitsubishi, the fourth-largest Japanese brand, can win back the respect of buyers around Japan who have defected to
Mitsu Troubles Deepen with Recalls (6/21/2004)
Another revival plan due for beleaguered Japanese carmaker.
Bill Ford in command at family company
CEO Bill Ford's strategy of making more profits on lower volume has worked like a charm this year, reviving Ford Motor Company's financial results and reinforcing the 47-year-old's grasp on the automaker's reins. Analysts wonder if the approach will work over the long haul, however, as the impact of family scion Bill Ford's reign is assessed in the June 14 edition of Fortune Magazine, which reports that the chairman and CEO believes "Ford Motor Company is on a roll." Interviewed by Fortune auto editor Alex Taylor III, Bill Ford admits he took over the CEO slot two and a half years ago with grave doubts. "It was panic station every day," he recalled.
But in the aftermath of a $5.5-billion loss year, Bill Ford began a recovery plan which brought Ford back from what some analysts feared was pre-bankruptcy. Last year, Ford amassed $164 billion in sales worldwide. In the first quarter of 2004, doubling estimates given Wall Street, Ford rang up a $1.9 billion profit, trumping archrival GM's $1.3 billion profit despite continuing erosion in its market share. In implanting a strategy of rebuilding the profits line on fewer vehicles, CEO Bill Ford is moving totally away from the mass-production-and-sales approach of his family elders – and GM, Toyota and almost every other large automaker these past 100 years.
That bothers some analysts, who see Ford being outsold in cars (not trucks) by
With a chief operating officer in place, manufacturing specialist Jim Padilla, Bill Ford waxes optimism about Ford's future. "I'm more sure today than I was two and a half years ago," he tells
FROM THE SOURCE headlines from the latest press releases
Visteon Corporation (NYSE: VC) will join the Detroit Institute of Ophthalmology in hosting an "Eyes On Design" industry panel discussion on interior and exterior design. The panel will consist of design experts from the College for Creative Studies, automakers, and suppliers. The focus will be on interior design and interior fits and finishes.
|American Axle & Mfr. Holdings Inc.||AXL||37.10|
|Ballard Power Systems Inc.||BLDP||9.18|
|Collins & Aikman Corporation||CKC||5.54|
|DaimlerChrysler AG (ADR)||DCX||46.16|
|Dura Automotive Systems||DRRA||9.19|
|Ford Motor Company||F||15.89|
|General Motors Corporation||GM||47.77|
|Goodyear Tire & Rubber||GT||9.44|
|Honda Motor Co. Ltd. (ADR)||HMC||22.69|
|Johnson Controls Inc.||JCI||54.77|
|Magna International Inc.||MGA||83.23|
|Nissan Motor Co. Ltd. (ADR)||NSANY||20.65|
|Sonic Automotive Inc.||SAH||22.00|
|Sirius Satellite Radio||SIRI||3.09|
|Toyota Motor Corporation (ADR)||TM||78.15|
|TRW Automotive Holdings||TRW||18.34|
|Tower Automotive Inc.||TWR||3.85|
|United Auto Group Inc.||UAG||32.26|
|XM Satellite Radio Hold.||XMSR||22.90|