Word: selz
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...problem is simple: with 58 American and foreign-owned plants producing a bewildering array of some 350 models, the U.S. market has become saturated with automotive offerings. "The U.S. is not a very profitable place to try to sell cars anymore," says Maryann Keller, vice president of Furman Selz, a Manhattan-based brokerage. In this case, what's miserable for manufacturers is marvelous for consumers. "If you have any money, it's a great time to buy a car," says Thomas O'Grady, president of Integrated Automotive Resources, which tracks industry trends. "In many cases...
...Saturn's biggest challenges will be to turn a profit, even in the long run. "Nobody makes money on small cars," says Maryann Keller, an analyst for the investment firm Furman Selz Mager Dietz & Birney. "Saturn's no different from anybody else. The Japanese certainly don't make money on small cars." In most cases, those models serve as loss leaders for the larger, more option-loaded vehicles and to boost the average fuel-efficiency of an automaker's total fleet in order to meet U.S. government standards. But GM president Lloyd Reuss contends that Saturn will make a profit...
...will be GM. With 1987 sales of $102 billion, GM remains 41% larger than Ford. Auto experts say GM could rebound sharply with its planned line of stylish front-wheel-drive cars called the GM- 10 series. "General Motors is waking up," says Auto Analyst Maryann Keller of Furman Selz Mager Dietz & Birney. "Ford is going to face tough competition in the 1990s...
Anxiety was especially high in Detroit, where automakers feared the crash could deal a new blow to car sales, which are already slumping. Maryann Keller, a prominent auto analyst with Furman Selz Mager Dietz & Birney, a Manhattan-based investment firm, predicted that U.S. sales of cars and trucks would fall about 15% next year, to 9.5 million vehicles. One reason for her gloomy forecast, she said, was that the loss of wealth caused by the stock- market decline would have a "significant effect on consumer confidence and the ability to spend...
Experts are divided on the company's chances for a recovery. Says a skeptical Maryann Keller, who follows the auto industry for Furman Selz, a Manhattan investment firm: "AMC has a habit of coming out with cars that are popular for a year and then just die away." Ronald Glantz of Montgomery Securities in San Francisco offers more hope: "There's a pretty good chance that AMC can make money, but a lot of things have to come together...