Oh what a feeling: Mitsubishi, Hyundai hit big time

Article Abstract:

Mitsubishi Motors Corp and Hyundai Motor Company Ltd have hit it big in the US automobile market in 1999. In the new vehicle market, Japan-based Mitsubishi sold 37.1% more cars and trucks in 1999 than in the previous year, while South Korea-based Hyundai posted an 82% sales increase. The significant increase in sales for both automakers is attributed to their successful designs and aggressive marketing.

Financial analysis, Hyundai Motor Company Ltd., Mitsubishi Motors Corp.

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Safety testers pay $20,000 above sticker for Cruisers

Article Abstract:

Chrysler Corp's PT Cruisers are so in-demand in the market that the US National Highway Traffic Safety Administration (NHTSA) had to pay $20,125 above the sticker price in order to get two of the vehicles for testing. The NHTSA, who had earlier planned a fall 2000 testing for the mini- minivan, was forced to acquire the vehicles after the car's popularity resulted in an overwhelming request from consumers for the agency to give the vehicle a safety score.

Public affairs, Chrysler Corp.

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New Firestone CEO faces huge challenges

Article Abstract:

Bridgestone/Firestone Inc has replaced Masatoshi Ono with John Lampe as the company's CEO, chairman and president. Lampe, who has never been a CEO, has immediately issued a general apology for problems caused by Firestone tires and promised a management overhaul. He declared that his first job is to quickly complete the replacement of 6.5 million Firestone ATX and Wilderness AT tires recalled on Aug 9, 2000 for tread separation.

Executive changes & profiles, Tire Manufacturing (except Retreading), Tires, Bridgestone/Firestone North American Tire L.L.C.

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