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CommentWire
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DaimlerChrysler's [DCX.F] plan to sell its popular US Dodge models in Europe is an attempt to turn around low sales in the region. However, the US-German manufacturer may encounter difficulties in penetrating the already over crowded European market, especially as the aesthetically chunkier US models are traditionally less well liked than their European or Japanese counterparts.
Published By Datamonitor
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16 Dec 2003 |
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CommentWire
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Ford Motor's [F] redesigned F-150 pick-up is boosting the company's finances. Ford hopes to prolong this trend by trimming around $1,000 from each model's production cost by the end of 2004. As long as the F-150 remains Ford's best selling vehicle, the company can be confident of the boost it will provide to the $7 billion profitability target.
Published By Datamonitor
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18 Dec 2003 |
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CommentWire
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For its latest marketing move, General Motors [GM] plans to give away 1,000 vehicles over the next two months. GM has also unveiled new and improved vehicles to boost its 2004 sales and regain US market share. For once, GM looks like it will be in a good position to fend off strong competition from foreign manufacturers.
Published By Datamonitor
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05 Jan 2004 |
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CommentWire
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Nissan [NSANY] has announced that its Sunderland plant could face decline unless the UK adopts the euro. The Japanese manufacturer, which was granted GBP40 million in government grants two years ago, could switch production to Renault's [RNO.PA] plants in France. As long as the UK remains outside the eurozone, its automotive industry faces a major challenge to remain competitive.
Published By Datamonitor
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07 Jan 2004 |
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CommentWire
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At a recent conference, both Bosch and Delphi [DPH] suggested that it would take at least a decade longer than previously thought to bring fuel cell technology into mass production. Nevertheless, manufacturers and parts suppliers are increasingly committed to the project, making fuel cells the likeliest replacement for internal combustion power.
Published By Datamonitor
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15 Jan 2004 |
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CommentWire
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Martin Leach, the former head of Ford's [F] European operations, has been granted an injunction against Ford, preventing the automotive giant from enforcing a two-year non-compete clause. As Ford struggles to meets its goals in Europe, the negative publicity, however short lived, is the last thing that it needs.
Published By Datamonitor
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19 Jan 2004 |
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CommentWire
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General Motors [GM] has announced its intention to buy South African vehicle importer and manufacturer Delta Motor Corporation. If the purchase goes ahead, GM is likely to start manufacturing vehicles in South Africa, largely for the export market. The takeover marks another step in GM's drive for growth in 2004, yet if it wants to meet its target it must prioritize product improvements.
Published By Datamonitor
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22 Jan 2004 |
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CommentWire
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Despite a continued fall in sales for 2003, Fiat [FIA] is showing signs of improvement. With some new initiatives from its restructuring plan, and the possibility of an agreement with US giant GM, Fiat is confident that it will hit breakeven in 2004. Restructuring costs are now out of the way, and a stable management is in place - 2004 should be a year of transition for the Italian manufacturer.
Published By Datamonitor
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26 Jan 2004 |
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CommentWire
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In an effort to improve financial results and sales, MG Rover is looking to central Europe for the manufacture and sale of new models, and has specifically expressed an interest in Slovakia. Shifting production to lower cost countries will help MG Rover in its bid to return to profitability. However, the company should consider how such a move will affect its brand image.
Published By Datamonitor
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29 Jan 2004 |
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CommentWire
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Renault Trucks has signed an agreement with Chinese Truck manufacturer Dong Feng Motors. This joint venture, together with another truck production deal in the country, will reinforce Volvo Group's position in the growing Chinese commercial vehicles market, as well as offering it an advantage in the component sector.
Published By Datamonitor
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29 Jan 2004 |
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