Automakers: Page 364


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    Attention Kmart Shoppers

    Old Kmart stores don't die they become new-car dealerships. At least that's the case in a northwest Michigan town where an $8 million project will transform a vacant Kmart building into the new home of two dealerships: 4 Seasons Ford-Lincoln-Mercury and Swaffer's Toyota. The new location for the dealerships is near the city limits of Cadillac. (Vehicles of that name will be sold at a GM store elsewhere

    By May 1, 2006
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    BMW Capping Size

    Fans of the Ultimate Driving Machine had better be satisfied with the size of BMW AG's current engines. They won't be getting any larger, says the auto maker's powertrain chief. The time to increase horsepower by increasing displacement is over, says Klaus Borgmann, senior vice president-powertrain development. Future performance increases for BMW's volume-production engines he excludes the low-volume,

    By Bill Visnic • May 1, 2006
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    Trendline

    Artificial Intelligence

    Automakers and dealers alike are increasingly seeing the use case for AI within their operations. Explore some use cases in this trendline.

    By WardsAuto staff
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    Ghosn Dislikes Incentives, Outsiders’ Advice

    Nissan Motor Co. Ltd. CEO Carlos Ghosn chastises U.S. auto makers for using sales incentives to keep factories churning at all costs. A high price has been paid for sustaining sales of 17 million units, he says at the New York International Auto Show. The heavy reliance on rebates and discounts has harmed brands and taken money away from developing new products customers will want to buy, Ghosn says.

    By David Zoia • May 1, 2006
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    Retro Design Can Be Blessing and Curse

    Retro is a popular design tool, says a Chrysler designer. "Some use it in an abstract way, some use it in a literal way, and some don't use it at all."

    By Byron Pope • April 27, 2006
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    Hybrid Market Blip No Deterrent, Bill Ford Says

    A study shows rising gasoline prices will change the mix of powerplants in today's light vehicles.

    By Eric Mayne • April 26, 2006
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    Mitsubishi Takes Long-Term View on Comeback

    Chairman Takashi Nishoika says it took five years for things to go down and could take five years for a comeback – "and I'll wait."

    By Jim Mateja • April 24, 2006
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    Nissan Altima Hybrid to Be Sold in Eight States

    Nissan also says it will mate an electric motor to the Altima's smaller, 2.5L 4-cyl. engine, not the 3.5L V-6.

    By Ward's Staff • April 21, 2006
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    PSA to Close Ryton Plant in 2007

    Ryton, which has made the Peugeot 206 since 1998, will reduce production to a single shift in July and close permanently in the first half of 2007.

    By William Diem • April 19, 2006
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    Prosecutors to Summon Kia CEO in Bribery Probe

    Hyundai Chairman Chung Mong-koo apologizes for causing "concern" to South Korean society over the probe.

    By Ward's Staff From Wires • April 19, 2006
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    New Bentley Continental GTC 2+2 Debuts

    The car is powered by a 552-hp, W-12 engine and can hit 195 mph (314 km/h) with the top up and 190 (306 km) with it down.

    By Herb Shuldiner • April 17, 2006
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    Ford Realigns South American Unit

    Dominic DiMarco is appointed executive director for Canada and South America, while Barry Engle is named president of South American operations.

    By Ward's Staff • April 13, 2006
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    Honda Unveils Element SC Prototype

    The new SC trim will join the Element lineup in the U.S. this fall.

    By April 13, 2006
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    Bradshaw to Maintain Nissan Momentum

    New U.S. sales and marketing chief must launch six new products this year.

    By April 13, 2006
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    Hyundai Unveils New Elantra in New York

    The auto maker claims class-leading interior volume for the compact car segment.

    By April 13, 2006
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    Hyundai Stockholders Sue Top Execs; Unions to Demand Wage Hikes

    The suit accuses Hyundai and Kia CEOs of diverting funds into a private company, in which the two Chungs have a controlling interest.

    By Vince Courtenay • April 12, 2006
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    Ford, Shelby, Hertz Team on Special Mustang for Rent, Not Sale

    Only about 500 of the special-edition Mustangs will be built.

    By David E. Zoia • April 12, 2006
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    VW Launches New Jetta as Sagitar in China

    The company received 9,000 orders for the new model before its official market introduction.

    By Peter Homola • April 11, 2006
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    GM Netherlands Loses Appeal

    GM will have to pay a €35.47 million fine for its policy to withhold dealer bonuses on sales of cars outside the Netherlands.

    By Keith Nuthall • April 7, 2006
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    Nissan Vows Canton Issues Remedied

    The auto maker, which took a bruising two years ago for the quality of the vehicles from its newest plant, says it is working hard to fix its reputation.

    By April 7, 2006
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    Bentley Opens Second Showroom in Moscow

    Russia now is Bentley’s third-largest market in Continental Europe behind Germany and Switzerland.

    By Peter Homola • April 6, 2006
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    Mazda Takes Stake in Changan Ford

    Mazda will hold 15% of the JV, acquiring the share from Ford, which now will hold just 35% of the company.

    By Ward's Staff • April 4, 2006
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    GM Rolls Out DI 2L for Saturn Sky Red Line

    At 130 hp/L, the new DI 2L turbocharged Ecotec is GM’s highest specific output engine ever.

    By Ward's Staff • April 3, 2006
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    Connelly Sees Boost For Nissan

    Jed Connelly says despite the U.S. auto industry not being an expansionary market, he is confident Nissan North America Inc. will continue to see growth. Connelly, senior vice president-sales and marketing, announced his retirement March 8 from NNA. (Nissan Motor Co. Ltd.'s) fiscal year ends this month and our sales will be up 7% year-over-year, Connelly says. I think the next couple of years will

    April 1, 2006
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    Acura to Unveil MDX Concept in NY

    American Honda Motor Co. Inc. will unveil a concept of the new Acura MDX at this month's New York auto show. The second-generation '07 MDX cross/utility vehicle goes on sale in the U.S. this fall. Like the first MDX, the new model was developed by Honda's U.S. research and development operations in Ohio and its Los Angeles-area design studio, says John Mendel, senior vice president-auto operations

    April 1, 2006
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    Profits Promised

    Labeling as last year's 58.2% pre-tax profit increase to 1.7 billion ($2 billion), Volkswagen AG Chairman Bernd Pischetsrieder promises more improvement in 2006, but declines to reveal a specific target. The Volkswagen Group expects sales and revenue to increase slightly this year because of its ongoing product offensive, VW says. Primary contributors will be material cost reductions and production

    April 1, 2006