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Smaller M.B.'s on the way to U.S. market?
Mercedes-Benz is getting serious about selling smaller cars in the United States: Automotive News is reporting that M.B. will sell smaller vehicles in the U.S.--an SUV targeted at the BMW X1, a small coupe, and maybe a FWD-based car if the demands calls for it here in the U.S. (a compact hatchback or small wagon) within the next three years.
Source: Automotive News (http://www.autonews.com/apps/pbcs.dll/article?AID=/20110131/OEM01/301319941/1193) 1/31/11
How was Chrysler in the Fourth Quarter?
The Detroit Free Press is reporting that Chrysler will report its 4th Quarter financial results today (we'll update this later after the results are revealed). U.S. sales where 23% higher than the year before, production rose 6%, and retail sales accounted for more profit than fleet sales did. Sergio Marchionne and his company would like investment banks to refinance its higher-cost government loans, and making a decent profit would go a long way of convincing them to do so.
Source: The Detroit Free Press (http://www.freep.com/article/20110131/BUSINESS01/101310413/Expectations-high-Chrysler-s-4Q-results-today?odyssey=tab|topnews|text|Auto News) 1/30/11
Honda Sales Recovering?
Automotive News is reporting that Honda has increased the expectations of its profits. Stronger earnings and growth in the United States and Asia, and model updates of the Civic and CRV models are just some of the reasons why Honda may have a brighter financial outlook moving forward.
Source: Automotive News (http://www.autonews.com/apps/pbcs.dll/article?AID=/20110131/COPY01/301319876/1401) 1/31/11
P. Scott
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