 News
of February 14, 1999
(the
 will lead you to the full article)
Page 2 of 3
| Debate
on Volvo´s takeover plans; Navistar, a new favorite Volvo, the
Swedish car maker, who just signed an agreement with Ford about the sale of it passenger
car division, is currently in the focus of analysts and media. The Ford deal will bring $
6 billion into Volvo´s pockets and allow them to strengthen their truck business.
Recently the company purchased a 13% share into Scania and it is expeted, that Volvo will
try get complete control over Scania.
But other scenarios are considerable as well. "We are in contact with most of the
manufacturers in the truck business", Volvo chief Leif Johansson stated last week.
And the other company could be |
Leif Johansson, head of Volvo Group |
| Navistar. The price of Navistar was estimated at about $ 3 billion and
the business would fit well into the portfolio of Volvo. While Volvo is keeping a market
share of about 12% in the U.S., Navistar would add 18%, which would strengthen Volvos
position with 30% against DaimlerChrysler with 33%, incl. Freightliner and Sterling or
Renault´s Mack with about 13%. That is probably the reason, why analysts are in favor of
this merger, although no official comment was made. Navistar´s stock nevertheless is
rising since, gaining $ 8 per share since the beginning of January. |
|
Ford´s
Truck vehicle center grows truck, SUV and van excellence DEARBORN, Mich., Feb. 8, 1999 – Ford Motor Company's Truck Vehicle
commercial van design and development. Formed in 1996 following the merger of Ford's
commercial and personal use truck development facilities, the TVC accounts for more than
2.5 million vehicles sold around the world.
"The TVC has responsibility for developing some of the best-known and best-selling
nameplates in the automotive industry: the Ford F-Series pickup truck, the Ford Explorer
Sport Utility vehicle and the Transit medium commercial vehicle use in Europe."
The Truck Vehicle Center is in Ford's Product Development Center in Dearborn, just
outside Detroit, Michigan. The Product Development Center also houses the Large and Luxury
Car Vehicle Center and some of Ford's advanced vehicle engineering and scientific research
facilities.
|
| Thursday, February 11, 1999 Chicago, Ill -- Today,
DaimlerChrysler's Jeep® Division introduced the all-new Jeep Journey, an experimental
vehicle, at the Chicago Auto Show. Journey is based on the all-new Jeep Grand Cherokee --
1999 North American Truck of the Year -- combining "The Most Capable Sport-Utility
Ever" with cutting-edge Magellan® communication and navigation equipment. Although
there are no current plans to market it, the Jeep Journey is fully functional. The
Magellan products are available as after-market systems. |
The fully Magellan equipped Jeep Journey |
| "The Jeep team was given the
task of designing a luxury 4x4 true to the Jeep heritage of legendary on- and off-road
capability, equipped with extraordinary technological innovations and enough storage for
an extended off-road trek," said Martin R. Levine, DaimlerChrysler Corporation's Vice
President Chrysler-Plymouth-Jeep Division. "Incorporating the Magellan products
ensured that the driver and passenger are able to stay in touch with their home and the
office, even under the most extreme situations. For true journeys without
boundaries." The Jeep team based its design on the award-winning 1999 Grand
Cherokee with the 235 horsepower 4.7-liter PowerTech V-8 engine and Quadra-Drive(tm)
four-wheel drive system. |
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