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Business Monday: News Bites

by M Mayder

News from Chrysler this week is that they’re cutting third shifts and various American plants, as well as cutting models, so if you’re a great fan of the PT Cruiser Convertible, you should buy one now, because after 2009, they’re a discontinued model. Other models being cut are the two-seat Crossfire, the Pacifica, and the Dodge Magnum.

* * * * *

Also making news in Detroit are Chevy’s plans to unveil a seven-seat compact minivan based on the Opel Zafira, though made a bit more masculine, this bringing European styling to American family vehicles once more (compact minis are tres chic across the pond). This minivan, currently known as the MPV-7, is likely to be built in Hamtramck, MI.

* * * * *

Jeep Grand Cherokee Laredo Diesel
Jeep is making news on the Alternative Fuel front, by offering a diesel option in their new Laredo. The optional engine is a 3.0 liter V-6, and it makes the Laredo the third Grand Cherokee model to have a diesel option. The other two are the Grand Cherokee Limited and Overland. The base MSRP for the Laredo is $35,685 for 4×2 models and $40,905 for 4×4 models.

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Finally, from Los Angeles, there’s news that Kia has a new CEO. Len Hunt, age 52, who has been with Kia for about two years is replacing B.G. Lee, who has returned to the Korean company’s home office. Hunt is the third CEO of Kia’s American branch since 2001, when then-CEO Peter Butterfield was fired.


Posted in Business Monday on November 12th, 2007

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One Response to “Business Monday: News Bites”

  1. Merlyn Says:
    December 5th, 2007 at 6:31 pm

    Well, I cant agree more.

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