News By Topic: Automobile Manufacturers

Kia Motors : 2002 Operating Profit Up 26% On Year

Feb 20, 2003

February 20, 2003 Kia Motors Corp. - Seoul Foer Year Ended Dec. 31: All figures in Won (KRW). 2002 2001 Net Profit KRW641.4 bln KRW552.2 bln Revenue 14.06 tln 12.36 tln Operating Profit 658.5 bln 522.2 bln Pretax Profit 801.3 bln 621.5 bln ($1=KRW1,196.4) The 2002 figures are unaudited and based on South Korean account ... Continue reading

GM Plans To Sell GM Daewoo Cars In China Via Shanghai Partner

Feb 20, 2003

SEOUL - February 19,2003; Dow Jones reported that General Motors Corp. plans to sell cars made by its South Korean joint venture GM Daewoo Automotive & Technology Co. in China, GM's Group Vice Chairman and Chairman for North America Bob Lutz said in an interview with Yonhap News Agency Wednesday. The automobiles will b ... Continue reading

China's SAIC-Chery Auto 2002 Sales Up 70%(a big deal)

Feb 20, 2003

SHANGHAI February 20,2003; Dow Jones reported toeday that SAIC-Chery Automobile Co., a Shanghai-based automaker of low-end compact cars, sales last year rose 70% to about 5 billion yuan. SAIC-Chery, which has emerged as one of the fastest growing car companies last year in China, sold more than 50,000 Chery cars, claim ... Continue reading

South Korea Imported Car Sales Rose 67% in January - Still not a big deal

Feb 20, 2003

Thursday 1:51 am ET SEOUL February 20, 2003; Jeongjin Lim writing for Dow Jones reported that sales of imported cars in South Korea jumped by 67% on year to 1,414 units in January, continuing a trend of double-digit growth, the Korea Automobile Importers and Distributors Association, or Kaida, said Thursday. South Kore ... Continue reading

Employees of DaimlerChrysler AG in Germany and Chrysler Group in the United States Receive Profit-Sharing Payments

Feb 20, 2003

* Company Management and the General Works Council jointly set the amount at euro 1,200 for DaimlerChrysler AG employees in Germany. * Chrysler Group employees in the United States will receive an average payment of US$ 460. STUTTGART, Germany and AUBURN HILLS, Mich., Feb. 20 -- Management and Employee Representatives ... Continue reading

DaimlerChrysler: Significant Profitability Improvement in 2002 With $1.38B Profit

Feb 20, 2003

* Group operating profit excluding one-time effects increases more than fourfold to $6.1 billion ($7.2 billion including one-time effects) * All divisions report higher earnings * Mercedes Car Group: operating profit slightly higher than previous year at $3.2 billion * Chrysler Group: operating profit excluding one-tim ... Continue reading

.General Motors and The Nature Conservancy

Feb 20, 2003

FOR RELEASE: February 19, 2003 ARLINGTON, VA. - General Motors and The Nature Conservancy today pledged to raise $400,000 in a continuing effort to protect one of the most threatened rainforest areas in the world through the Conservancy's Adopt an Acre® program. As part of its ongoing partnership with The Nature Conse ... Continue reading

On Star On Cars

Feb 20, 2003

FOR RELEASE: February 19, 2003 TROY, MI. - Through its seventh year of operation, OnStar's safety, security and information service continues to grow throughout the U.S. and Canada. OnStar will be available on 11 additional vehicles in the 2003 calendar year and will offer its industry-leading in-vehicle communications ... Continue reading

Ford To Restructure Product Development

Feb 20, 2003

Wednesday 4:17 pm ET DETROIT February 19, 2003; Dow Jones reports Ford Motor Co. is continuing its restructuring efforts by changing its North American product-development unit from five brand- oriented teams to four platform-based teams. The change should help Ford streamline operations and offer opportunities to cut ... Continue reading

French Tire Company Supplies Tires For German Porsche Cayenne

Feb 19, 2003

Michelin and Porsche team up for excellent customer experience BIRMINGHAM, Ala., Feb. 19 -- The soul of a performance tire with the brute strength of a 4x4 truck tire -- that is what the Michelin(R) 20-inch Diamaris(R) tire delivers for the Porsche Cayenne S and Turbo. The first SUV offering from Porsche, the Cayenne i ... Continue reading

Subaru of America, Inc. Announces Voluntary Recall of Certain 2003 Model Year Forester Vehicles; Campaign Affects Approximately 500 Forester Models

Feb 19, 2003

CHERRY HILL, N.J., Feb. 19 -- Subaru of America, Inc. (SOA) today announced a voluntary recall for a possible defect in the front seat belt buckle latch of certain 2003 model year Forester models. This recall involves both front seat belt buckles that were installed in approximately 500 2003 model year Forester vehicle ... Continue reading

Off-Road Motorcycling Now the Hot New Trend Among Women and Teenage Girls

Feb 19, 2003

American Suzuki and SoBe Beverages Sponsor Dirty Girls Dirt Bike School - A 'Girls-Only' Off-Road Motorcycle Adventure to Meet Growing Demand PHOENIX, Feb. 19 -- The hottest new fashion accessory this year isn't bronzing powder, peasant tops or vintage-wash boot-cut jeans -- it's off-road motorcycles. While some teens ... Continue reading

Nissan JV Rolls Out First China-Built Paladin SUV Model

Feb 19, 2003

BEIJING February 19, 2003; Dow Jones reported that Zhengzhou Nissan Automobile Co., a joint venture involving Japan's third largest automaker, Nissan Motor Co. Ltd. (NSANY or 7201) , this week launched its first China-built Nissan Paladin sports utility vehicle. The new Nissan Paladin SUV hits the market just as severa ... Continue reading

The Volkswagen Board of Management Finalizes the Annual Financial Statements

Feb 19, 2003

The Volkswagen Board of Management Finalizes the Annual Financial Statements: Release: english Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. January-December 2002 2001 +/- (%) ----------------------------------------------------------- ----------- Volksw ... Continue reading

The Diesels are coming the diesels are coming! Peugeot, Ford Roll Out New Diesel Engines

Feb 19, 2003

PARIS February 18, 2003; Dow Jones reported that French automaker PSA Peugeot Citroen and Ford Motor Co. of the U.S. Tuesday unveiled new diesel car engines that the companies have developed jointly to take advantage of surging consumer demand. Both companies are investing nearly EUR1 billion in the project to make 1.6 ... Continue reading