BMW: Dream car
In a poll of UK motorists, BMW ranked first among the 'dream cars' that drivers wished to own: 10 percent wanted a BMW, ahead of 9.7 percent who dreamed of having a Jaguar. Red was the most popular color, followed by black, blue and green.
Chrysler: Q3 earnings up
Net earnings rose 54.6 percent to $682 million in the three months ending 30 September on sales that were up 13.5 percent to $15 billion. Finance and insurance revenues accounted for $572 million of the sales figure.
New Jeep Cherokeel
Chrysler has launched a new range-topping version of the Jeep Cherokee. It is named Orvis after the conservation-conscious, US-based hunting and sports goods company. The vehicle has leather and walnut trim in the same style as the Orvis version of the Jeep Grand Cherokee, which went on sale across Europe earlier this year.
Daewoo: Plant in Uzbekistanl
Uzdaewoo, Daewoo3/8s joint ve nture in Uzbekistan, will open a $250 million engine plant in Tashkent by 2000, with an annual capacity of 260,000 engines. Uzdaewoo will also invest $94 million to add production of the Matiz supermini at its Asaka assembly plant in 2000. Planned production in 2000 is 80,000 Matiz and 100,000 Nexia cars. Production in the first nine months of this year was 45,000 units, of which 10,000 were exported, mainly to Russia.
Reuters News Service
Ford: Puma recalll
Ford is recalling all Pumas built between 6 March and the end of September to replace the master brake cylinder. A small valve inside the brake cylinder may malfunction. As a result, greater brake-pedal pressure and travel could be required to stop the vehicle. Ford said the car has two, independent brake circuits, and only one is affected by this problem.
The Guild of Danish Motor Writers voted the Ford Focus 'Car of the year in Denmark 1999' out of 20 competitors. The 24 judges praised the Focus' fresh styling, road handling, interior space and competitive price. It is cheaper than rivals the Opel Astra and VW Golf.
GM: Vectras for China
Opel's Szentgo tthard, Hungary, plant has started assembling Vectras for China. Total production will be 4,000 units, with 400 being shipped this year and the remainder in 1999. GM plans to start Buick production in China, but will not assemble Vectras there. Szentgotthard switched over from Astra to Vectra production in two-and-a-half days in early October, but some Astra Classics will still be built at the plant until mid-December. Szentgotthard will not assemble cars pa st 1999.The plant will add transmissions to its production of engines and other components in 2001. Capacity will be 250,000 transmissions a year.
Opel brothers to Hall of Famel
DEARBORN - The five Opel brothers - Carl, Wilhelm, Heinrich, Friedrich and Ludwig - have been inducted into the Automotive Hall of Fame attraction. The brothers, who introduced the first Opel vehicle in 1899, were honored for the important role they played in mass motorization in the 1920s, and for successes in motorsport. The Automotive Hall of Fame, which opened in August, is dedicated to the history of the automobile and the people who have made a major contribution to its development.