* Belgium - Why Is Ford Motor Company Losing in Europe?
Brussels,Belgium -The Motley Fool -March 24, 2013: ... Ford Motor Company is doing quite well here in the U.S., but it's another story in Europe. The company lost $1.75 billion in the Old World last year, the brutal result of a protracted car-sales slump that has hit the entire industry very hard... That rethink led to a comprehensive turnaround plan, announced by Ford CEO Alan Mulally last October. The plan, intended to restore Ford Europe to profitability by mid-decade, is well thought out and comprehensive. Most analysts gave it a good chance of succeeding, and Ford's stock rallied in the days after the announcement... Under the plan, Ford will close a factory in Belgium and two in the U.K., eliminating more than 5,000 jobs and saving as much as $500 million a year. Ford will also sharply expand its European lineup, drawing on its strong global product portfolio to expand its offerings of SUVs and commercial vehicles in Europe. The expanded product lineup should allow Ford Motor Company to capture additional sales in segments it hasn't previously contested in Europe, at minimal cost...
* USA / Michigan - Surging Chrysler targets BMW with brawny luxury 300 SRT8
(Photo: by Scott Olson/Getty Images - A Chrysler 300 SRT8 during the press preview at the North American International Auto Show on January 10, 2012 in Detroit, Michigan)
Detroit,MICH,USA -Bloomberg, by Mark Clothier, Craig Trudell & Keith Naughton - Mar 22, 2013: ... The new Chrysler 300 SRT8 is out to change that... With a sticker price that can top $60,000 and a souped-up Hemi engine that kicks out 470 horsepower, the 300 SRT8 is getting rave reviews reminiscent of its 1950s and 1960s muscle- car days. Road and Track magazine called the 300 SRT8 a “brute in a suit” ... Wired magazine deemed it “a nearly perfect car,” while the New York Times said it “delivers 90 percent of the German cars’ performance for barely half the price” ... Those are heady notices for a company that sells just 1 percent of its vehicles in the rarefied $50,000-and-above price range...Labels: automakers news worldwide
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