News By Topic: Automobile Manufacturers

OOPS: Volkswagen to Recall 850,000 Vehicles From 2001-2003

Feb 4, 2003

NEW YORK February 4, 2003; Volkswagen AG will recall nearly 850,000 vehicles world-wide, including about 530,000 in the U.S., to replace the ignition coils in all 2001, 2002 and early 2003 models equipped with certain engines because they have experienced a higher-than-normal failure rate. The engines in question are 1 ... Continue reading

Oshkosh Truck Will Begin Full-Rate Production of Revolution Composite Ready-Mix Drum

Feb 4, 2003

OSHKOSH, Wis.--Feb. 4, 2003--Oshkosh Truck Corporation confirmed today that it's subsidiary, McNeilus Companies, Inc., plans to reach full-rate production this fall at its new plant dedicated to the McNeilus Revolution(TM) composite ready-mix drum. The manufacturing facility is being built approximately 25 miles from t ... Continue reading

GM Declares Quarterly Dividend

Feb 4, 2003

FOR RELEASE: February 4, 2003 GM Declares Quarterly Dividend DETROIT - General Motors Corp. [NYSE: GM, GMH] today declared a quarterly dividend of $0.50 per share on GM $1-2/3 par value common stock. The dividend is payable March 10, 2003, to holders of record as of Feb. 14, 2003. The dividend rate is unchanged from th ... Continue reading

Indian Motorcycle Names Vice-President of After Sales

Feb 4, 2003

GILROY, Calif.--Feb. 4, 2003--Indian Motorcycle Corporation announces the February 1st appointment of Wade Hubbard to the newly created position of Vice President, After Sales. In this position, Wade will oversee the successful development and operation of service & parts, accessory & apparel, customer service and Indi ... Continue reading

BMW Group Begins Year With Record Month

Feb 4, 2003

January Sales Soar 24.5 Percent WOODCLIFF LAKE, N.J., Feb. 4 -- The BMW Group (BMW and MINI brands combined) reported record sales as demand for BMW Group vehicles in 2003 climbed. The company reported its strongest January on record, with 19,823 vehicles, up 24.5 percent over the 15,923 sold in the first month of 2002 ... Continue reading

DaimlerChrysler Increases Operating Profit More Than Fourfold in 2002

Feb 4, 2003

* Group operating profit excluding one-time effects of US $6.1 billion (including one-time effects US $7.2 billion) * Net income excluding one-time effects of US $3.5 billion (including one-time effects US $4.9 billion) * Earnings per share excluding one-time effects of US $3.46 (including one-time effects US $4.91) * ... Continue reading

RECALL: Volkswagen and Audi to Replace All Ignition Coil Parts On 2001, 2002 and Some 2003 Models

Feb 4, 2003

AUBURN HILLS, Mich., Feb. 4 -- Volkswagen of America, Inc. and Audi of America, Inc. today announced a customer service action in which the companies will ultimately replace the ignition coils in all 2001 and 2002 model year cars equipped with certain engines that have been experiencing a higher-than-normal failure rat ... Continue reading

MB Tests New 120 Seat Bus

Feb 4, 2003

"http://www-video.daimlerchrysler.com/dctv/vi deos/20020131_e.ram" New Setra Prototype Currently at EvoBus in Ulm, Germany, a prototype of a new doubledecker bus is being tested. It is intended as an addition to the premium bus segment series TopClass 400. ... Continue reading

PACCAR Announces Strong Sales and Earnings

Feb 4, 2003

BELLEVUE, Wash.--Feb. 4, 2003--"PACCAR Inc reported strong revenues and net income for the fourth quarter and full year 2002 compared with the same periods a year ago," said Mark C. Pigott, chairman and chief executive officer. PACCAR earned $122.2 million ($1.05 per diluted share) for the fourth quarter 2002. That com ... Continue reading

AutoIndex.org Features New Audi A3

Feb 4, 2003

www.autoindex.org CLICK4MORE AutoIndex The new premium sports model in the compact class has now reached the starting line: Audi is launching its second-generation A3. With powerful four- and six-cylinder engines developing up to 177 kW (241 bhp), quattro drive, the new automatic-shift DSG sports gearbox and highly dyn ... Continue reading

NADA MEETING: Nissan Plans Big Dealer Training For Big Pickup

Feb 4, 2003

SAN FRANCISCO February 4, 2003; Bill Koenig writing for Bloomberg reports that Nissan Motor Co. is planning its most extensive U.S. training program for dealers as Japan's No. 3 automaker prepares to introduce its first large pickup to compete in a segment dominated by U.S. automakers. Nissan begins production later th ... Continue reading

NADA MEETING: Car Makers Report

Feb 4, 2003

SAN FRANCISCO February 4, 2003; John Porretto writing for the AP reported that General Motors Corp. said Sunday that its January sales are likely to be down fractionally from a year ago, a result that would be better than many analysts expect. John Smith, GM's group vice president for sales, service and marketing, said ... Continue reading

Hyundai Motor January 2003 Auto Sales Up 2.9% On Year

Feb 4, 2003

SEOUL-February 4, 2003; Dow Jones is reporting that Hyundai Motor Co.'s sales rose 2.9% on year to 156, 222 units in January as strong exports offset a fall in local sales, the car maker said Tuesday. Export shipments in January climbed 10.5% on year to 95,567 units, the company said in a disclosure to the Korea Stock ... Continue reading

Korea Renault Samsung Motors January Sales Up 22%

Feb 4, 2003

SEOUL -February 4, 2003; Dow Jones reported that Renault Samsung Motors Corp.'s January auto sales climbed 22% on year to 11,407 units, boosted by the launch of a new model, the car maker said Tuesday. Of the cars Renault Samsung sold last month, 11,349 units were sold domestically and 58 exported, the company said in ... Continue reading

Korea GM Daewoo January Auto Sales Down 15.4% On Year

Feb 4, 2003

SEOUL-February 3, 2003; Dow Jones reported that GM Daewoo Automotive & Technology Co. said Tuesday its January auto sales dropped 15.4% on year to 29,096 units, due mainly to fewer overseas distributors than a year earlier. GM Daewoo, which took over the major operations of bankrupt Daewoo Motor Co. last year, acquired ... Continue reading