Price war prompts worries over DaimlerChrysler's outlook - DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat
 
LinkBack Thread Tools Rate Thread Display Modes
post #1 of 1 (permalink) Old 07-26-2004, 05:59 PM Thread Starter
Intrepid Pro
 
Join Date: Jun 2001
Location: Catonsville, Md.
Posts: 3,652
Feedback: 0 / 0%
                     
Price war prompts worries over DaimlerChrysler's outlook

From Automotive News:

Price war prompts worries over DaimlerChrysler's outlook
Reuters / July 26, 2004

The U.S. car industry suffered almost its worst sales month in six years in June following a hike in U.S. interest rates and a brief attempt to scale back incentives by General Motors and Ford.

Last month's double-digit declines in GM and Ford car sales left both with inventories estimated around 30 percent above average and forced them to resume more generous cash rebates on cars and trucks.

"Looking ahead, we see a lot of challenges such as a tough pricing environment, the product costs in North America and a declining opportunity for mix improvements," Ford Chief Financial Officer Don Leclair said during a conference call last Tuesday.

GM, the world's largest carmaker, told analysts last Wednesday its high inventories posed a risk. "We expect pricing to be tougher in the second half of the year," GM finance chief John Devine said during last week's conference call.

Dresdner Kleinwort Wasserstein said GM and Ford results did not bode well for Chrysler.

"Looking into the second half and 2005, the head winds are getting tougher due to high inventories," the bank wrote to clients in a note on Thursday.
moparman is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DodgeIntrepid.Net Forums - Dodge Intrepid, Concorde, 300m and Eagle Vision chat forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

Member names may only be composed of alpha-numeric characters. (A-Z and 0-9)

!!ATTENTION ADVERTISERS!! If you intend on advertising anything on this forum, whatsoever, you are required to first contact us here . Additionaly, we do NOT allow BUSINESS NAMES unless you are an Authorized Vendor. If you own a business, and want to do sales on this site via posting or private message, you will need to follow the rules. Shops, Stores, Distributors, Group Buys without being authorized will see your account terminated.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes Rate This Thread
Linear Mode Linear Mode
Rate This Thread:



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome