Spy Shots: ’05 Hummer H3
Everyone is downsizing these days – even Hummer. But this downsizing may actually increase Hummer sales by up to an estimated 100,000 units annually. This smaller and less expensive Hummer is actually a derivative of the upcoming Chevrolet Colorado / GMC Canyon mid-size trucks, but in SUV guise and with aggressive and macho Hummer styling. See more of the next Hummer inside TCC right now:
Spy Shots: ’05 Hummer H3 (6/17/2003)
Bred in Mishawaka, caught in Topeka.
Pontiac GTO Gets 350 Horsepower
Pontiac said on Tuesday that its new GTO will sport a mighty 350 hp when it goes on sale in limited numbers this fall. The LS1 V-8-powered GTO will make its 350 hp at 5200 rpm, and will churn out 365 pound-feet of torque at 4000 rpm — enough, Pontiac says, to push the 2004 GTO to 60 mph in 5.5 seconds and through the quarter-mile in 14 seconds. Drivers will have a choice of automatic or six-speed manual gearboxes. GM says pricing should find the base GTO coming in at less than $35,000.
Gettelfinger Won’t Budge on UAW Healthcare
United Auto Workers chief Ron Gettelfinger said Tuesday that his union would not give an inch on putting more healthcare costs on to auto workers despite automakers' complaints that they need relief. "Make no mistake about this, we are not going to shift health care in negotiations with the Big Three," Gettelfinger said. "We are not going to pick up premiums, we are not going to pick up co-pays, we are not going to pick up deductibles," said Gettelfinger. Find out what other hard lines Gettelfinger is taking as Detroit prepares for UAW talks inside TCC today:
UAW Says No to Higher Costs (6/17/2003)
Gettelfinger lays out the UAW position before contract talks; has high hopes for transplants.
NASCAR Set to Name Nextel as Title Sponsor
A news conference set for this Thursday morning could name Nextel as the new title sponsor of NASCAR’s championship series. According to wire reports, wireless telephony provider Nextel’s bid to sponsor the racing series could cost the company up to $80 million a year as it outbid credit card company Visa for the rights to splash its name on the series, known through this season as the Winston Cup. R.J. Reynolds, the parent of Winston brand tobacco, said in February that it would step aside as title sponsor if NASCAR could find a suitable replacement. The switch to Nextel could cost some racing teams sponsorships paid for by other cellular providers, according to Reuters, but it’s likely that Nextel will be forced to buy ad time on Fox, NBC, and TNT as a part of its deal.
Chrysler Cutting Two Percent of Workforce
Chrysler will cut its workforce by two percent as it grapples with a second-quarter loss of $1.17 billion, Reuters reports. The company, which had already cut 26,000 jobs and cut costs as part of a turnaround plan, says it will reduce its staff through attrition, not layoffs. The loss reported earlier this month was a sharp blow to DaimlerChrysler’s plans to produce $2 billion in profit in 2003. Dropping sales and the cost of incentives and rebates in the U.S. market are blamed for the losses, but the new cuts are aimed at allowing DaimlerChrysler to report a small profit for the year.
Chrysler Q2 $1 Billion Loss “Staggering” by Joseph Szczesny (6/9/2003)
Zetsche’s turnaround in tatters as Chrysler takes a beating from around the world.
GM Cuts ION Production at Saturn
General Motors will stop building Saturn ION compacts for two weeks in June and July as the brand tries to rein in oversupply of its new four-door sedan. The new compact Saturn has been off to a sluggish start since it was introduced in October of last year. Currently the company has a 110-day supply of sedans on hand, a spokesperson told Reuters, where 60 to 70 days of supply are considered normal. The extra weeks of downtime will bookend the two-week July shutdown at Saturn’s Spring Hill, Tenn., factory.
Saturn Sees Red Line Ahead by TCC Team (4/14/2003)
GM’s small car division bets performance will rekindle its sub-stellar momentum.
DAILY IN DEPTH
Bad Side Crash Scores For SUVs Just The Beginning
Just two of twelve small sport utility vehicles passed a new insurance-industry crash test designed to predict injuries when a pickup truck or SUV crashes into the side of the vehicle, suggesting that many cars and even SUVs themselves are at a bigger disadvantage than portrayed by automakers in crashes with other trucks and SUVs.
The Subaru Forester, with standard side airbags, and the Ford Escape with an optional side airbag, were the only SUVs tested by the Insurance Institute for Highway Safety to get the top score of "good."
The IIHS's new side impact test, designed to better mimic an oncoming pickup or SUV than the test used by Federal regulators, will be applied to passenger cars in the fall. Cars, said IIHS chief Brian O'Neill, will likely perform worse.
The Hyundai Santa Fe was the only SUV to score "acceptable," the second highest rating. The Jeep Wrangler and Honda CR-V scored "marginal," and the rest scored "poor."
The worst performing SUV was the Mitsubishi Outlander, which scored "poor" in the side impact test, with "poor" scores in each measurement for front seat occupants that predict injuries for head, head/neck area, torso, and pelvis.
Besides simulating a crash of one SUV into another, The IIHS test also employs a new crash dummy meant to more accurately depict children and small women — statistically the most injured people in crashes — as well as measure more accurately than the older NHTSA crash dummy the seriousness of the injuries.
IIHS says that side impact fatalities have decreased 24 percent since the early 1980s, but that 51 percent of driver death rates occurred from side impacts in 2001, up from 31 percent in 1980. The rise in pickup trucks and SUVs with higher bumpers than cars is the culprit. Almost 10,000 passenger vehicle occupants die each year in side impacts. —Jim Burt
FROM THE SOURCE headlines from the latest press releases
Toyota Motor Sales (TMS), U.S.A., Inc., today announced pricing for the Terminator 3 (T3) special edition Tundra package. The T3 Tundra has a direct tie-in with this summer's action film "T3: Rise of the Machines," the third installment of the popular "Terminator" films, starring Arnold Schwarzenegger.
|AMER AXLE & MANU||AXL||25.00||+0.23|
|BALLARD PWR SYS||BLDP||14.65||+0.66|
|FORD MOTOR CO||F||11.68||+0.45|
|HONDA MOTOR CO||HMC||19.49||+0.34|
|UNIT AUTO GRP||UAG||21.65||+0.35|