Here is more research on the automobile industry done with the Media Research Institute:
“Incentives rev up July auto sales” the Star (M. Acharya-Tom Yew, D1)
“GMAC: Stake sale set” an item in the Star (D4)
“Magna to gain from Chrysler reward plan” the Star (AP, D7)
“Profit plunges by 96%: Mazda” the Star (Bloomberg, D7)
“Yen weakens profit: Toyota” the Star (AP, D7)
“Car maker’s profits slip: BMW AG” (AP, D7)
“Magna to gain from Chrysler reward plan”
DaimlerChrysler is planning to reward its long-running contracts with its suppliers with other benefits under a new system designed to cuts costs and improve design. Today’s Star (AP, D7) reports Magna International Inc. and Johnson Controls Inc. will be the first to be rewarded under this new system. These companies are designing the interior of a 2008 Chrysler group crossover said Chrysler Group vice-president Peter Rosenfeld.
“Profit plunges by 96%: Mazda”
Mazda’s profits fell 96 per cent in the first-quarter. Today’s Star (Bloomberg, D7) reports Mazda took a one-time charge to write down the value of its assets to comply with new Japanese accounting standards. Net income fell to $419 million yen in the period ending June 30th from 11.6 billion yen last year.
“Yen weakens profit: Toyota”
Toyota’s profit fell 7 per cent as the strong yen and research costs offset higher sales. Today’s Star (AP, D7) reports Toyota made 266.8 billion yen in the April to June quarter. This is down from 286.6 billion yen the previous year.
“Car maker’s profits slip: BMW AG”
BMW’s second quarter profit fell 1.2 per cent from a year ago due to a weaker U.S. dollar. Today’s Star (AP, D7) reports the auto maker earned $994 million Canadian and had a 10.4 per cent rise in cars sold worldwide in the quarter that ended June 30th.
“Fiat to launch new models as part of turnaround bid”
Fiat is launching 20 new models over the next three years and investing millions of euros in research and development. Today’s Globe (AP, B12) reports the changes are part of a comeback bid said Sergio Marchionne, chief executive officer of Fiat. The CEO also pledged not to shut down any factories in Italy.
In the Globe Auto section to today’s Globe and Mail:
1)Petrina Gentille Zucco test drives the 2006 Ford Explorer (G5);
2)Jeremy Cato road tests the 2005 Land Rover LR3 (G6);
3)a Bloomberg item reports Volvo is facing a recall due to a throttle (G7);
4)Michael Bettencourt reports on the employee discount program extending into August (G9);
5)Petrina Gentille Zucco test drives the 2006 Chrevrolet HHR LS (G11);
6)Bob English road tests the 2005 Mini Cooper S (G17);
7)Michael Bettencourt test drives the 2005 GMC Jimmy SLS (G18);
8)a Crain AutoWeek item reports the Chrysler Group is coming out with new four-cylinder cars (G18); and
9)a Crain AutoWeek item reports GM is designing radically different minivans (G18).
“Toyota’s winning spirit”
Toyota made a slow start in North America in the 1950s and didn’t really start making a big showing in this continent until 1968. Today’s Globe (B. English, G2) English reports that Toyota decided to have a little fun with their cars after coming out with Corollas with the Sprinter. He notes the body of the car is well-proportioned and quite handsome with its “fastback” styling, but there’s no hatchback, and Toyota missed out there. Picture of two Toyota Sprinters and two pictures of interior.
Larkin Hinder and Robert Scott write to Globe editors about their Toyota hybrid SUV. An item in today’s Globe (G14) they say money is a big reason why they made their decision and they laugh or cry when they see the gas-guzzlers on the road.
“Everything you want…in a car”
In a review of Honda Ridgeline, the 2005 Toyota Tacoma Double Cab V-6 was mentioned. In today’s Globe (G12) Jeremy Cato reports the Ridgeline falls short of the recently designed Dodge Dakota, Toyota Tacoma and Nissan Frontier pickups in the critical towing area of torque. In a comparison chart, the Tacoma is listed as having a towing capacity of 2,268.
“Everything you want…in a car”
The Globe and Mail, August 4, 2005, Jeremy Cato, B12
In a review of the Honda Ridgeline, the 2005 Nissan Frontier 4X4 Crew Cab is mentioned. Cato notes the Ridgeline falls short of the recently designed Dodge Dakota, Toyota Tacoma and Nissan Frontier pickups in the critical towing area of torque. In a
comparison chart, the Frontier is listed as having a towing capacity of 2,767.
“Driver looks to break contract…again”
Formula driver Jenson Button may get what he wants. Today’s Globe (J. Pappone, G16) reports Williams and BAR-Honda fought over Button’s services after both teams thought they had a valid contract with the British driver. He’s rejoining BMW. Williams might be at a disadvantage without manufacturer support, but Toyota Lexus is expected to pull through in 2006. Photo of Honda race car included.