Late News.(Ford raises Edge sales
forecast)(DaimlerChrysler AG. Chrysler Group plans Mexico engine plant)(Volvo
Cars of North America Inc. appointed Doug Speck )
Ford raises Edge sales forecast
DETROIT - Ford Motor Co. last week raised its 2007 sales forecast for the Edge crossover to 120,000 units, from 100,000.
Edge sales totaled 12,701 in May, the highest monthly total since it was launched late last year, said George Pipas, Ford sales analysis reporting manager. The sales forecast could mean a boost in production. Ford plans to add 77,000 units of light-truck production in the third quarter. Ford declined to discuss how the Edge fits into that plan.
The 3,490 May sales of the Lincoln MKX, an upscale version of the Edge, also set a monthly record. The vehicles are assembled at Ford's Oakville, Ontario, plant.
- Richard Truett
Chrysler plans Mexico engine plant
MEXICO CITY - The Chrysler group on Friday announced plans to spend $570 million on a new plant in Saltillo in northern Mexico. The plant will make V-6 engines for a vehicle program to be unveiled this month.
Frank Ewasyshyn, Chrysler's executive vice president for manufacturing, said the engine would be developed jointly with Mercedes-Benz and be part of the Phoenix family of fuel-efficient V-6 engines.
Chrysler said the project is part of a $3 billion powertrain investment program that will support 20 new-vehicle launches over the next three years. Chrysler has forged ahead with the program despite the pending $7.4 billion acquisition of the automaker by Cerberus Capital Management LP.
Construction starts this month, and the plant is to open in 2009. It will employ 485 and have the capacity to make 440,000 engines annually.
- Stephen Downer
Volvo's Speck adds marketing job
LOS ANGELES - After little more than a year as Volvo's U.S. executive vice president of sales and retail operations, Doug Speck has added the top marketing job as well.
Speck, 48, came to Volvo Cars of North America Inc. after overseeing Ford Motor Co.'s Premier Automotive Group brands in Australia and New Zealand from 2004 to 2006. Before that he was in charge of Jaguar and Land Rover sales in North America from 2001 to 2004.
Speck takes on duties vacated by Hans Krondahl, who left to run Swedish supplier Meca.
DETROIT - Ford Motor Co. last week raised its 2007 sales forecast for the Edge crossover to 120,000 units, from 100,000.
Edge sales totaled 12,701 in May, the highest monthly total since it was launched late last year, said George Pipas, Ford sales analysis reporting manager. The sales forecast could mean a boost in production. Ford plans to add 77,000 units of light-truck production in the third quarter. Ford declined to discuss how the Edge fits into that plan.
The 3,490 May sales of the Lincoln MKX, an upscale version of the Edge, also set a monthly record. The vehicles are assembled at Ford's Oakville, Ontario, plant.
- Richard Truett
Chrysler plans Mexico engine plant
MEXICO CITY - The Chrysler group on Friday announced plans to spend $570 million on a new plant in Saltillo in northern Mexico. The plant will make V-6 engines for a vehicle program to be unveiled this month.
Frank Ewasyshyn, Chrysler's executive vice president for manufacturing, said the engine would be developed jointly with Mercedes-Benz and be part of the Phoenix family of fuel-efficient V-6 engines.
Chrysler said the project is part of a $3 billion powertrain investment program that will support 20 new-vehicle launches over the next three years. Chrysler has forged ahead with the program despite the pending $7.4 billion acquisition of the automaker by Cerberus Capital Management LP.
Construction starts this month, and the plant is to open in 2009. It will employ 485 and have the capacity to make 440,000 engines annually.
- Stephen Downer
Volvo's Speck adds marketing job
LOS ANGELES - After little more than a year as Volvo's U.S. executive vice president of sales and retail operations, Doug Speck has added the top marketing job as well.
Speck, 48, came to Volvo Cars of North America Inc. after overseeing Ford Motor Co.'s Premier Automotive Group brands in Australia and New Zealand from 2004 to 2006. Before that he was in charge of Jaguar and Land Rover sales in North America from 2001 to 2004.
Speck takes on duties vacated by Hans Krondahl, who left to run Swedish supplier Meca.
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