City of Industry, CA --(www.FinancialNewsUSA.com)-- 12/19/2009 - Auto Manufacturers industry news provided by Financial News USA. PARIS-France's stock-market regulator, Autorit� des March�s Financiers, said Thursday that its Sanctions Committee had cleared all 17 executives and two companies of insider-trading charges in a case involving European Aerospace Defence & Space Co., the parent company of plane maker Airbus. [Read the full article]
The move marks the first time in years that a Detroit carmaker has been able to boast that its vehicles hold their value better than Asian and European rivals.
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We all know what a luxury car should be: Long, roomy, a big V8 or even V12, lots of electronics. Picture a Mercedes E or S Class, the BMW 7 Series, the Audi 8 or big Lexus or Cadillac. Or even a Lincoln Town Car. But that's an old definition. Nowadays, it's the brand that counts, so luxury may be a smaller Mercedes C Class or BMW 3 Series or Cadillac CTS. Still, they're not cheap; one of these will cost $40,000. But there will be a broader definition of luxury or prestige tomorrow, because times are changing again. We are creating new markers to show that we are rich enough, and that we are caring enough, to spend thousands of dollars in the "green" cause. It's quite possible, even likely, that tomorrow's luxury or prestige car will be quite different, and open the door to new competition, too. Here's what I mean: We have a couple of new car companies, Tesla and Fisker, making expensive electric cars (actually Fisker still is getting ready to produce). [Read the full article]
The projected resale value of 2010 Ford, Lincoln and Mercury vehicles after 36 months in service increased by an average of $1,310 per vehicle compared to the 2009 model year the industry's largest increase among full-line manufacturers. The improvement allowed Ford to narrow the residual value gap with leading Asian automakers and maintain its advantage over U.S.-based automakers The 2010 Ford Fusion is expected to bring customers $687 more than the 2010 Toyota Camry after 36 months in service; the residual value of the 2010 Ford Flex commands an $1,800 premium over the Toyota Highlander. Improved quality, new features and popular redesigned products are helping to boost Ford's residual values. [Read the full article]
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