Investors may find profit in tire recall

Article Abstract:

Wall Street stock market observers say that investors can exploit Bridgestone/Firestone's and Ford Motor Co's joint tire recall program. A Wall Street analyst says the stock of both firms appear to be excellent buying opportunities because of considerable investor over-reaction. Morgan Stanley Dean Witter estimated that Bridgestone/Firestone's stock value should have declined by less than $1, but has declined by more than $8 since Jul 31, 2000. Analysts say that Ford, on the other hand, will do anything to protect its Explorer brand, which uses the tires being recalled.

Financial analysis, Tire Manufacturing (except Retreading), Tires, Ford Motor Co.

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$29,950 soon can buy you a 'Baby Jag'

Article Abstract:

Jaguar North America announces that its new X-Type, referred to as Baby Jag, will be available for $29,950, which about $5,000 less than dealers and analysts projected the entry level car would cost. With a price below $30,000, the Baby Jag could be a big competition for BMW's 3 Series, Mercedes C Class, Audi A4, as well as Cadillac's Catera. The car will be available in two models, namely a 2.5-l, 194-hp V-6, and 3.0-l, 231-hp V- 6. Jaguar hopes worldwide sales of 10,000 X-Types, which will be available in Jun and Aug 2001 in the UK and the US, respectively.

Automobile Manufacturing, Consumer prices, Automobiles, Jaguar North America

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