Word: chryslers
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...Then came a turn of the ignition - April sales reports from the Big Three automakers. GM led the way with a 13 percent increase in sales. Chrysler posted a 3 percent gain. And even beleaguered Ford's report that its sales shrank by 7.4 percent for the month had a silver lining of sorts - the drop was mostly due to fallen fleet sales to rental-car agencies with post-Sept. 11 travel woes; this April's sales to actual people was as good as last year's. And besides - at least it was Ford's first single-digit decline...
...last week. Next year Ford, which has produced a string of electric cars, is expected to be the first U.S. manufacturer to introduce a hybrid vehicle. I took the politically correct version of the six-cylinder Escape for an exclusive spin earlier this month. Meanwhile, Toyota, General Motors and Chrysler have all promised a new crop of hybrid vehicles by 2004. J.D. Power & Associates, which tracks consumer tastes for the auto industry, expects that by 2006, American consumers will be buying half a million hybrids a year...
...Chrysler and Volkswagen are also racing to produce convertible derivatives to bolster slowing sales of the PT Cruiser and New Beetle. "We're at the point where we need a spark in the lineup," says VW spokesman Tony Fouladpour. "It's a way to keep [up] interest in the car." It's also a way to jack up the price. The New Beetle convertible could hit $30,000, vs. about $20,000 for the standard model...
...balked a year ago when Stronach, 35, took the helm of her father's company, MAGNA. But since then, Canada's biggest auto-parts maker has posted record sales of $11 billion, up 5%--during the recession. Stronach is steering Magna further into auto assembly, last month buying a Chrysler plant in Austria next to where it already builds Saabs and Mercedes...
...ideas to work as a consultant for companies such as American Express and Chrysler that were trying to redesign their products for aging consumers. But after watching these companies make money on his ideas, he thought he should be capitalizing on them himself. In his 40s, he launched marketing and publishing ventures. It was just before his 50th birthday, when the most ambitious of these businesses failed, that he realized how the pursuit of fame and fortune was hurting...