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Last Updated: Oct 18th, 2015 - 15:32:18 |
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Mitsubishi to Retire Montero Sport and Diamante
The trials of Mitsubishi Motors continue as the company confirmed that the Diamante luxury sedan and Montero Sport SUV will both face the axe at the end of the 2004 model year. Automotive News also reports that the larger Montero will be discontinued after the 2006 model year unless Mitsubishi can find a way to come up with the cash for the retooling needed to allow the Montero to meet 2007 emissions and safety standards in the United States.
Jul 28, 2004, 00:36 - [ Discuss this story ]
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Mercedes, Lexus Fighter from Hyundai?
Rumors have persisted for the past year that Korean carmaker Hyundai is planning on introducing a luxury line to fight the likes of Lexus, Mercedes Benz, and BMW. According to the latest issue of Automotive News, those rumors may come true as soon as 2007. Sources tell the newspaper that executives have gained the confidence following strong quality results from the latest JD Power studies and continued sales growth.
Jul 28, 2004, 00:27 - [ Discuss this story ]
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Mitsubishi to Cut 1,200 US Jobs
Tough times continue for Japan’s Mitsubishi Motors as the company announced a plan late Wednesday night to cut 1,200 jobs from its Normal, Ill. manufacturing plant. The layoffs are part of Mitsubishi’s plan to pull itself out of the financial instability that has been hanging over the company for the past year.
Jul 23, 2004, 00:27 - [ Discuss this story ]
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GM, Ford Report Profit; Honda Won't Chase Scion
The world’s largest automaker, GM, announced a $1.3 billion profit for the second quarter. This beats Wall Street expectations by about $0.12 per share, and is a 48% increase over last year’s results. The financial news out of Ford was similar, with FoMoCo posting a quarter profit of $1.2 billion. Honda will build an entry-level vehicle priced below the Civic in the $12,000 market.
Jul 21, 2004, 23:03 - [ Discuss this story ]
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Toyota Launches Special Edition Scion, Kills Celica and MR2
Signaling Toyota’s continued plans to attract the youth market with its Scion brand, word came down last week that 2005 would be the last year of production for the Celica and MR2. In related news, Scion announced a new special edition version of its xA wagon.
Jul 20, 2004, 22:28 - [ Discuss this story ]
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