Chrysler experiments with new Brazil plant

Article Abstract:

Chrysler is inaugurating on Jul. 7, 1998, a $315-million pickup factory in Campo Largo, on the southern coast of Brazil, in a bid to take a new measure in global manufacturing. The new Campo Largo plant, which is the company's third plant in South America and its first pickup factory outside North America, makes Dodge Dakota pickups that will be marketed mainly in Argentina and Brazil. Chrysler Brazil President Dennis Kelly stressed that the Campo Largo pickup plant is a "learning field" for measures that Chrysler is undertaking to boost the role of suppliers in developing the company's vehicles.

Comment:

Its new $315-mil pickup plant in Campo Largo is a "learning field" for this co's new step in global manufacturing

New capacity, new plant construction, Light Truck and Utility Vehicle Manufacturing, Brazil, Trucks, Pickup, Pickup trucks, Chrysler Corp., Article

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Ford, GM report record first quarter

Article Abstract:

General Motors Corp reported record-high 1st-qtr results in 1999, with $1.82 bil in earnings, up 30% from 1998 1st-qtr earnings. In addition, the company reported $42.4 bil in 1st-qtr of 1999. GM forecasts that 16.3 mil vehicles would be sold in 1999 by automanufactures, topping industry record of 16.1 mil vehicles sold in 1986. Meanwhile, Ford Motor Co posted a record-high 1st-qtr resuls in 1999, with $1.81 bil, or $1.46 a diluted share, in net income, up 20% from 1st-qtr of the previous year.

United States, Sales, profits & dividends, Motor Vehicles, Automobile and Light Duty Motor Vehicle Manufacturing, General Motors Corp., Ford Motor Co.

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