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April 30, 2003
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This Week:

• GloCar Concept: A Car That Takes Care Of You

• CLK Cabriolet: reliable lightning protection when soft-top is raised

• GM Recalls Some 1997-98 Pickups, SUVs, Vans

• Toyota Stages World Premiere Of All-New Prius With "Hybrid Synergy Drive" At 2003 New York Auto Show

• Lupo Princeton: new special version of this innovative city-street specialist  

• Renault unveils New Kangoo 4x4 at the 2003 Barcelona Motor Show

• DaimlerChrysler: Strong Operating Results in Q1 2003 Despite Difficult Markets

• FIAT AUTO And SUZUKI To Joint Develop A New SUV

• Starting signal for the Audi A4 in China

• Johnson Controls Recognized by General Motors With Automaker's 2002 Supplier of the Year Award

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FIAT AUTO And SUZUKI To Joint Develop A New SUV

Giancarlo Boschetti, President and Chief Executive Officer of Fiat Auto S.p.A., and Osamu Suzuki, Chairman and Chief Executive Officer of Suzuki Motor Corporation, signed a memorandum of understanding which calls for the joint development of a new sport utility vehicle (SUV). Turin - At a press conference held in Budapest, Messrs. Boschetti and Suzuki stressed that the new vehicles will have a distinctive styling differentiation. The production of the new SUV vehicles, which will be based upon the new Suzuki A-Segment Platform, will begin in the second half of 2005 at the Magyar Suzuki Corporation facility in Estergom, near Budapest, Hungary.

The new SUVs will be produced in 5-door version and will be powered by a diesel and gasoline engine.

Fiat Auto and Suzuki will distribute the new SUV vehicles independently through their own dealership networks.

No financial details on the venture was made available.

(April 10, 2003)