Freep: Q2 Profits Should Be Good in
Despite increasing inventories and rising interest rates,
June Sales Shocker at Ford, GM by TCC Team (7/5/2004)
The wheels come off the incentive-and-rebate game.
VW: No Plans for Bernhard
Volkswagen officials are denying reports that DaimlerChrysler board member Wolfgang Bernhard will report for duty at the VW car brand group. Bernhard, axed at the last minute from the top job at Mercedes before he took office, has been rumored as the next leader of various car brands since his
DCX Spins: Schrempp In, Bernhard Out by Jim Burt (5/3/2004)
Changes rumble on through German-American company.
U.K. Mag Names Kia Franchise of the Year.
VW Fights Back in
In addition, under a newly-established 150 million euro ($185 million) joint venture between the two companies, VW and FAW will operate Volkswagen FAW Platform Co. Ltd., of which VW holds a 60 percent share. The company will produce components starting later next year, including front and rear axles for forthcoming VWs to debut in the Chinese market. The pair will also begin building low-emission engines starting in 2006 in
Suppliers: China Currency Undervalued by Joseph Szczesny (6/27/2004)
But the industry is compelled to spend with the Asian giant, the same suppliers say.
Microsoft, Fiat in
Microsoft and Fiat will join to put the software giant's technology in all Fiat cars in coming years, the companies said this week. The Fiat Group cars will run Windows Automotive software, which will eventually control the onboard information and communications systems, including voice-recognition and global-positioning technology, for the company's cars. Standardization across the Fiat lineup will reduce the cost of the system, which won't have a video display but will have a USB port that will enable users to plug in their audio players (presumably, made by Microsoft) and play their own music in vehicles. Launching next year, the plan is for the system to appear on all Fiats, Lancias, and Alfa Romeos for an undisclosed price in the next few years.
FROM THE SOURCE headlines from the latest press releases
Despite mixed results in June, sales of new cars and light trucks are likely to gain strength during the second half of 2004, according to National Automobile Dealers Association's (NADA) Chief Economist Paul Taylor. He projects that year-end sales will reach 16.8 million vehicles, which is consistent with NADA projections throughout the year. It would make 2004 the fourth-best annual new vehicle sales total in automotive retailing history.
|American Axle & Mfr. Holdings Inc.||AXL||33.89|
|Ballard Power Systems Inc.||BLDP||6.90|
|Collins & Aikman Corporation||CKC||5.63|
|DaimlerChrysler AG (ADR)||DCX||44.10|
|Dura Automotive Systems||DRRA||8.75|
|Ford Motor Company||F||15.03|
|General Motors Corporation||GM||43.94|
|Goodyear Tire & Rubber||GT||9.67|
|Honda Motor Co. Ltd. (ADR)||HMC||22.85|
|Johnson Controls Inc.||JCI||53.75|
|Magna International Inc.||MGA||81.53|
|Nissan Motor Co. Ltd. (ADR)||NSANY||21.49|
|Sonic Automotive Inc.||SAH||19.11|
|Sirius Satellite Radio||SIRI||2.61|
|Toyota Motor Corporation (ADR)||TM||79.62|
|TRW Automotive Holdings||TRW||19.90|
|Tower Automotive Inc.||TWR||3.53|
|United Auto Group Inc.||UAG||27.03|
|XM Satellite Radio Hold.||XMSR||26.03|