Emissions chip draws fine

Article Abstract:

Seven engine manufacturers have agreed to a $1-billion settlement of a federal lawsuit filed by the Environmental Protection Agency (EPA) alleging that the engine makers deliberately installed computer chips on 1.3 million diesel engines to allow them to pass the EPA emissions tests. The companies such as Caterpillar, Cummins Engine, Detroit Diesel, Navistar International, Mack Trucks, Volvo and Renault denied wrongdoing contending that the settlement was to avoid expensive litigation. The engine manufacturers have agreed to pay $83.4 million in fines and provide $110 million on projects for the reduction of pollution. They will also contribute $850 million for the improvement of emissions on new engines as well as the removal of the chips from 1.1 million trucks.

Comment:

Agrees with 6 others to a settlement of a suit that alleged they installed chips on engines to pass EPA emissions tests

Government regulation, Diesel Engines ex Automotive, Other Engine Equipment Manufacturing, Caterpillar Inc., Cummins Engine Company Inc., Detroit Diesel Corp., Diesel engines, Volvo Cars of North America Inc., Mack Trucks Inc., Navistar International Corp., Article, Renault USA Inc.

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Dealerships cruise despite slowdown

Article Abstract:

Stock prices of motor vehicle dealerships have risen since Dec 2000, despite a drop in new car sales in the US. The prospect of a recession, while bad for motor vehicle manufacturers and their suppliers, is turning into an opportunity for car dealerships. This is because hard times encourage the sale of used cars, which are more profitable for dealers than new cars. A dowturn also encourages repair work, a major source of income for these dealerships.

Motor Vehicle Dealers, Motor Vehicle and Parts Dealers, Stockholder data, Automotive dealers

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Ford hopes to soup up accessories business

Article Abstract:

Ford Motor Co has initiated a home-installation program in hopes of boosting its aftermarket motor vehicle accessories business. Under the program, the automaker will contract with a local distributor to stock Ford parts and provide installation of these parts to Ford car buyers. Ford, however, need to convince its dealers to use the distributor instead of a local installer.

Marketing procedures, All Other Motor Vehicle Parts Manufacturing, Auto Parts ex Rebuilt NEC, Ford Motor Co.

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