DaimlerChrysler-Hyundai deal is likely to make modest start

Article Abstract:

A DaimlerChrysler AG-Hyundai Motor Co. joint venture in Asia is scheduled to begin moderate operations by the end of July 2001. However, the commercial vehicle venture is not expected to be concluded until late 2001 or early 2002.

South Korea, Hyundai Motor Company Ltd., DCX, Commercial vehicles, Daimler AG

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GM signs deal to produce SUVs in Russia

Article Abstract:

General Motors Corp. (GM) has signed a joint venture deal with OAO Avtovaz worth $340 million (395 million euros). Both companies will jointly-assemble sport utility vehicles (SUVs) in Russia.

United States, Utility Vehicles, Light Truck and Utility Vehicle Manufacturing, Russia, General Motors Corp., GM, Sport utility vehicles, Sport-utility vehicles, OAO Avtovaz

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Peugeot's first-half profit surged 60%

Article Abstract:

PSA Peugeot Citroen posted an improvement of 60% in its profits for the first-half of 1999. The results were higher-than-expected. Peugeot also predicted that it might post higher-than-expected profits for the entire 1999 year. Peugeot is the second-largest manufacturer of automobiles in Europe. The company posted 543 million euros for the first-half. During the same period in 1998, Peugeot posted 339 million euros.

Comment:

Posts improvement of 60% in profits for first-half of 1999

Sales, profits & dividends, France, Finance, Abstract, Peugeot S.A.

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