Word: auto
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Mitsubishi for sophisticated engines, which power Chrysler's hot new Plymouth Laser and Eagle Talon, the company has introduced a family of U.S.-built V-6 engines. The automaker's real product gap is in the mid-size-car category. To counter that, Chrysler will introduce a striking auto in 1992, code-named the L/H, which will boast, among other things, a new multivalve Chrysler engine...
Because of an auto-production glut and a consumer hunger for bargains, the Big Three have become dependent on incentives to move merchandise. Result: even when car sales are decent, profit margins are thin. General Motors said it gave up $5 billion in incentives in 1989, or $900 for every vehicle it sold. Ford pegged its incentives at $1,000 per vehicle, Chrysler at $1,200. As part of its current restructuring, Chrysler last week announced the $825 million sale of its aircraft subsidiary, Gulfstream Aerospace, to a management-led group...
...classic structure, Oldsmobile designed, built and marketed autos that were distinct from the other car divisions' products. Now Oldsmobile no longer builds its own cars and contributes little to the design and engineering. For all practical purposes, Oldsmobile is only a marketing division whose purpose is to sell cars made by BOC. "The responsibility for manufacturing a car is about as far from the people who sell it as you can possibly get," says Manhattan auto analyst Maryann Keller. "One of the most poignant things lost in the reorganization was the loyalty of individuals to brands. People missed being part...
...also developed versions of the Buick Regal and the Pontiac Grand Prix, all of which shared components with one another. In spite of GM's huge investment in retooling and reorganization, the result was a car line that has failed to excite consumers. Further weakened by a slumping U.S. auto market, the Olds Cutlass has turned into a money loser...
...Europe may not always have it so good. The company's managers express serious concern about growing competition from Japanese car companies, which are now gearing up major "transplant" factories as they did in the U.S. during the past decade. Auto analysts say the Japanese market share on the Continent is likely to rise from its current 11% level to 25% by 1994. "The battleground here will be every bit as bloody as in the U.S. in 1981-82," says Angel Perversi, managing director of General Motors Espana. "The Japanese are going to add excess capacity. The only question...