Key 2001 Events In The Auto Industy
The Associated Press compiled this list: Jan. 1: Former Ford Motor Co. executive John Devine becomes vice chairman and chief financial officer at General Motors Corp. Jan. 29: DaimlerChrysler AG announces it will cut 26,000 jobs, or about one-fifth of the workforce of its Chrysler Group, within three years. It says it ... Continue reading
The Associated Press reflected on the reduction in new car sales in spite of 0% finanaciang. The auto sales sprint that began in late September with the firing of the zero-interest starter's pistol is slowing to a trot as the finish line draws near for 2001, but the year is still on pace to become the second best on re ... Continue reading
Korea Daewoo Motor Dec sales up
SEOUL, Jan 2 Reuters reported that South Korea's bankrupt Daewoo Motor Co on Wednesday reported sales in December 2001 rose to 35,365 vehicles from 31,552 in the same month a year earlier. The unlisted automaker, Korea's third largest in terms of sales, said exports in December rose to 19,605 from 17,264. Under a memor ... Continue reading
Korea Kia Motors Dec sales up 11.0 pct.
SEOUL, Jan 2 Reuters reported that Kia Motors Corp's December sales rose to 91,843 vehicles, up 11 percent from a year earlier, it said on Wednesday. South Korea's second largest automaker in sales said December exports rose 24.9 percent year on year to 60,820 units. Its sales for 2001 totaled 990,804 units, up from 92 ... Continue reading
Credit Acceptance Corporation Appoints Brett Roberts Chief Executive Officer
SOUTHFIELD, Mich.--Dec. 31, 2001--Credit Acceptance Corporation announced today that, effective January 1, 2002, Brett Roberts will succeed Don Foss as Chief Executive Officer of the company. Don Foss will remain Chairman and maintain an active role at the company with a focus on dealer relations. Roberts, age 35, join ... Continue reading
This article was previously published on TACH, but I feel that it is so damning that I am publishing it as a New Years Gift/Warning to outr viewers. For the past year or so, the publishers of The Auto Channel have been increasingly concerned that car buyers who utilize The Internet have been getting screwed by believin ... Continue reading
SAN ANTONIO, Texas--Dec. 28, 2001--Sign of the Times(R), a San Antonio, Texas-based manufacturer of customized LED Digital Display's, introduces its new portable and completely programmable, hand-held LED Message Board for the Taxi, Limousine and Vehicle-for-Hire industry. The 'MD-550 Portable' allows taxi and limousin ... Continue reading
GRAND RAPIDS, Mich.--Dec. 28, 2001--Tower Automotive, Inc. announced today that it will be taking restructuring and impairment charges totaling $289 million in the fourth quarter ending December 31, 2001. Of this amount, $277 million relates to non-cash charges associated with goodwill and other asset impairments. The ... Continue reading
Wireless Transfer of MP3s to Your Car or Home Stereo System
Listen to Streaming Audio From Your Computer on Your Kitchen Radio Transfer Virtually Any Audio to Any FM Receiver With the New Digital FM Transmitter From C. Crane. FORTUNA, Calif., Dec. 28 -- You no longer have to wear headphones to enjoy your music, and you don't have to sit in front of your computer to hear streami ... Continue reading
NASCAR's Robby Gordon Rounds Out Riley & Scott Lineup for Rolex 24
NASCAR's Robby Gordon Rounds Out Riley & Scott Lineup for Rolex 24 DAYTONA BEACH, Fla. (Dec. 28, 2001) -- Riley & Scott Racing and Jim Mathews Racing announced today that NASCAR Winston Cup Series regular and endurance racing veteran Robby Gordon has agreed to partner with Guy Smith, Scott Sharp and team owner Jim Matt ... Continue reading
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