Automakers renew spending spree

Article Abstract:

Consolidation in the automobile industry is expected to heat up as carmakers race for the biggest global presence through mergers and acquisitions (M&A). Consolidation began in 1998 when Daimler-Benz AG of Germany bought Chrysler Corp of the US, creating DaimlerChrysler. It was followed by seven major M&As, three deals in year 2000 alone, that include acquisitions by Ford Motors Co and General Motors Corp. A fourth major deal in 2000 is expected between DaimlerChrysler and Mitsubishi Corp.

Market information - general, Automobile Manufacturing, World, Automobiles

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GM to use 5-cylinder engines in some trucks

Article Abstract:

General Motors Corp has announced that it will use five-cylinder engines in its line of compact trucks to be introduced in 2002. The automobile manufacturer also revealed plans to redesign its V-8 engines that are used in all its sports utility vehicles to run on alcohol or gasoline. These moves are part of the company's strategy to boost fuel-economy ratings of its trucks.

United States, Motor Vehicle Manufacturing, Use of materials & supplies, Trucks, General Motors Corp.

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