 News of March 21, 1999
(the
 will lead you to the full article)
Page 1 of 6
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Ex-BMW
Reitzle Joins Ford Motor Company; Jaguarīs Scheele Elected European Senior Vice President |
| DEARBORN, Mich., March 19, 1999 -- Ford Motor Company President and CEO
Jacques Nasser today named Dr. Wolfgang Reitzle group vice president of the newly created
Premier Automotive Group within Ford. Dr. Reitzle also will become chairman of Jaguar Cars
Ltd., and chairman of Volvo Cars, pending approvals. The Premier Automotive Group also
will include lead responsibility for Aston Martin and Lincoln. Nick Scheele, currently
chairman and CEO of Jaguar Cars Ltd., has been appointed senior vice president - Ford of
Europe with responsibility for Marketing, Sales and Service. |
Dr. Reitzle will become responsible for Fordīs Premier
Automotive Group
|
|
Toyota Opens
New Financial Services Center in Cedar Rapids, Iowa March 19, 1999 -
CEDAR RAPIDS, IA - Toyota Motor Credit Corporation (TMCC) today announced the grand
opening and dedication of a new, $20 million Financial Services Center in Cedar Rapids,
Iowa. The 110,000 square-foot facility provides service for more than 1.3 million
customers of TMCC, Lexus Financial Services and Toyota Motor Insurance Services (TMIS)
nationwide and employs approximately 400 from the Cedar Rapids/Iowa City area with an
annual payroll of over $10 million.
|
| Washington D.C. Wednesday,
March 17, 1999-- DaimlerChrysler Chairmen Robert J. Eaton and Juergen E. Schrempp today
unveiled the first driveable zero-emission, fuel cell car in the United States that
demonstrates a 40 percent increase in fuel cell power and up to three times the range of a
battery-powered vehicle. NECAR 4 (New Electric Car), uses fuel cell technology to generate
electricity and water vapor. NECAR 4, based on a Mercedes-Benz A-class compact car,
reaches top speeds of 90 mph (compared to a previous top speed of 68 mph in its
technological predecessor NECAR 2) and can travel nearly 280 miles (450 km) before
refueling. In addition, engineers have been able to mount the complete fuel cell system in
the vehicle floor for the first time allowing room for up to five passengers with plenty
of cargo space in a compact car. |
NECAR 4 is based on a Mercedes-Benz
A-class compact car |
| Toyota opened its theme park in Tokyo at the waterfront, the Mega
Web. Visitors can take the wheel in electric vehicles and drive themselves
between and through the pavilions. They also can test-drive conventional Toyota vehicles
and view historical Toyota models. |
 |
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