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Car Buyers Flee SUVs, Prius Sales Triple
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CarGuru > Driving > Car Buyers Flee SUVs, Prius Sales Triple 9 May 2005 12:30:06

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Car Buyers Flee SUVs, Prius Sales Triple

Sgtsam 4 May 2005 23:06:06
 Car Buyers Flee SUVs, Prius Sales Triple
May 4, 2005

U.S. consumer interest in SUVs dropped sharply in April as people
turned to more fuel-efficient vehicles. Truck-based SUVs have become a
traditional profit center for U.S. automakers while fuel savers have
long been a strength of Japanese automakers, such as Toyota Motor
Corp. and Nissan Motor Co.

Large gains at Toyota, Nissan North America and American Honda fueled
an increase in April sales, while General Motors and Ford Motor Co.
posted declines.

Toyota, Nissan and Honda said sales in April were their best ever for
the month and in Toyota's case, the best month ever in its history in
the United States.

Sales of Toyota's Prius, the most popular gas-electric hybrid car on
the market, nearly tripled compared with April of last year, to
11,345.

General Motors Corp. and Ford Motor Co. sales were down slightly,
while DaimlerChrysler AG showed a nearly 9-percent gain. Leading
Japanese and Korean automakers, however, posted big double-digit
increases.

Industrywide, passenger car sales were up 11 percent in April, while
light truck sales rose only 1.3 percent. SUVs, particularly large ones
like the Ford Expedition and GMC Yukon, seemed to be hardest hit. With
a 28-gallon tank, it can cost $60 or more to fill up an Expedition.

Toyota and Nissan also won customers by offering significantly larger
discounts last month. Rebates, low-interest loans and other come-ons
rose by 76 percent at Nissan to $1,800 and by 107 percent at Toyota to
$1,100.

Both continue to trail the traditional Detroit brands, which average
$3,400 in incentives.


Add comment
L Sternn 5 May 2005 05:53:41 permanent link ]
 On 4 May 2005 17:38:27 -0700, "casioculture" <casioculture@gmail­.com>
wrote:
Detroit car makers really need to get back to the basics. Their>problems are not with the workers or the unions as they often seem to>make it out to be.

Unions are not their only problem, but they do add to the cost of
production.
Their problem is in their hedious corporate>thinking.­

Could you explain exactly what you mean by that?

Look at Renault, france is a country with considerable social>responsibili­ty, yet Renault has wonderful designs that are smart,>economical, and very, very safe

And they don't run very well either, which probably contributes to
their safety. They can't hurt anyone if they're not on the road.

That's been my experience with Renault, anyway.

If Renault is so great, why can't they sell cars here?
Add comment
Magnulus 5 May 2005 11:28:09 permanent link ]
 Renault used to sell cars in the US.

If they sold French cars here, I'd rather have Peugot or Citroen.


Add comment
Bob Ward 6 May 2005 04:01:31 permanent link ]
 On Thu, 5 May 2005 03:28:09 -0400, "Magnulus" <magnulus@bellsouth­.net>
wrote:
Renault used to sell cars in the US.>
If they sold French cars here, I'd rather have Peugot or Citroen.>

I had a French car once - all four tires went down on me.


Add comment
C.H. 6 May 2005 05:05:36 permanent link ]
 On Thu, 05 May 2005 03:28:09 -0400, Magnulus wrote:
Renault used to sell cars in the US.>
If they sold French cars here, I'd rather have Peugot or Citroen.

SJDB - same junk, different brand.
Add comment
SoCalMike 6 May 2005 05:11:58 permanent link ]
 Harry K wrote:> Magnulus wrote:>
Renault used to sell cars in the US.>>
If they sold French cars here, I'd rather have Peugot or Citroen.>
And those cars were the ones that got Renault the bad reputation.>
Harry K>
the "le car" wasnt necessarily bad, and the "alliance" won a few awards
in its time. a cow orker had a pug 505sti (i think) and it was an
interesting car. quirky. i remember he had to get tires special ordered.
Add comment
SoCalMike 6 May 2005 05:20:05 permanent link ]
 rantonrave@mail.com wrote:> L Sternn wrote:>
On 4 May 2005 17:38:27 -0700, "casioculture" <casioculture@gmail­.com>>>wrote:>
Unions are not their only problem, but they do add to the>>cost of production.>
Bad design of cars and factories and low sales add even more to the> cost of production.

im sure the unions would have agreed to concessions, IF the top brass
were willing to as well. the top brass never does.
Add comment
Robert Morrisette 6 May 2005 05:35:50 permanent link ]
 
"sgtsam" <sgtsam@no-spam.net­> wrote in message
news:n77i711rphce24­eqsst8bnnucbpci8s8ic­@4ax.com...> Car Buyers Flee SUVs, Prius Sales Triple> May 4, 2005>
U.S. consumer interest in SUVs dropped sharply in April as people> turned to more fuel-efficient vehicles. Truck-based SUVs have become a> traditional profit center for U.S. automakers while fuel savers have> long been a strength of Japanese automakers, such as Toyota Motor> Corp. and Nissan Motor Co.>
There are over 40 2005 SUV models that get over 25 mpg according to the Dept
of Energy. The extra money you pay for a hybrid takes 20 years to recover
because of the price of gas. People are not too smart.

Sabu


Add comment
The Etobian 6 May 2005 06:43:30 permanent link ]
 On Fri, 06 May 2005 00:01:31 GMT, Bob Ward <bobward@verizon.ne­t>
wrote:
On Thu, 5 May 2005 03:28:09 -0400, "Magnulus" <magnulus@bellsouth­.net>>wrote:>
Renault used to sell cars in the US.>>
If they sold French cars here, I'd rather have Peugot or Citroen.>>
I had a French car once - all four tires went down on me.>
Oooh! :)­
Add comment
Magnulus 6 May 2005 07:26:51 permanent link ]
 
"SoCalMike" <mikein562athotmail­@hotmail.com> wrote in message
news:gLCdnbg1kcL_We­ffRVn-sw@comcast.com­...> the "le car" wasnt necessarily bad, and the "alliance" won a few awards> in its time. a cow orker had a pug 505sti (i think) and it was an> interesting car. quirky. i remember he had to get tires special ordered.

All I know about Peugots and Citroens is from watching rally races and
playing rally games . Still, they look like good cars. And I do remember
as a kid they had Renault in the US.


Add comment
Magnulus 6 May 2005 07:33:39 permanent link ]
 
"Robert Morrisette" <writer77@worldnet.­att.net> wrote in message
news:WRzee.707708$w­62.250630@bgtnsc05-n­ews.ops.worldnet.att­.net...> There are over 40 2005 SUV models that get over 25 mpg according to the
Dept> of Energy. The extra money you pay for a hybrid takes 20 years to recover

How are you figuring that? what SUV models would those be... maybe Honda
or Toyota, not American-built SUV's.

And it wouldn't take twenty years to amortize the cost of a hybrid. A
Prius is somewhere in between a Corolla and Camry in terms of the package.
So the Camry and the Prius are close to the same prius for the MSRP. If
you drive alot, the Prius will pay for itself in about 4-5 years or less,
with $2.10 gallon gasoline that will probably steadily rise for the
indefinite future.


Add comment
Max 6 May 2005 14:16:24 permanent link ]
 "Magnulus" <magnulus@bellsouth­.net> wrote:
All I know about Peugots and Citroens is from watching rally races and> playing rally games . Still, they look like good cars. And I do remember> as a kid they had Renault in the US.

We had a Citroen when my father was stationed in w. germany. Fine car,
reliable, autobahn-fast, with a bitchin' hydraulic-pneumatic­
suspension that let you select ride height. (helpful for those alpine
blizzards. This squawking about French car quality is little more than
frog-bashing.

.max
Add comment
C.H. 6 May 2005 15:40:33 permanent link ]
 On Thu, 05 May 2005 23:26:51 -0400, Magnulus wrote:
"SoCalMike" <mikein562athotmail­@hotmail.com> wrote in message> news:gLCdnbg1kcL_We­ffRVn-sw@comcast.com­...>> the "le car" wasnt necessarily bad, and the "alliance" won a few awards>> in its time. a cow orker had a pug 505sti (i think) and it was an>> interesting car. quirky. i remember he had to get tires special ordered.>
All I know about Peugots and Citroens is from watching rally races and> playing rally games .

Wow. Do you know the real world from playing GTA San Andreas too?
Still, they look like good cars.

And you determined that from some pixels on a video game screen?

Renault, Citroen and Peugeot are consistently at the very bottom end of
reliability and longevity statistics, for good reason.
And I do remember as a kid they had Renault in the US.

Yeah, and they became almost as much of a joke as the Yugo.

Chris
Add comment
C.H. 6 May 2005 15:46:35 permanent link ]
 On Fri, 06 May 2005 05:16:24 -0500, max wrote:
We had a Citroen when my father was stationed in w. germany. Fine car, > reliable, autobahn-fast, with a bitchin' hydraulic-pneumatic­ > suspension that let you select ride height. (helpful for those alpine > blizzards. This squawking about French car quality is little more than > frog-bashing.

Your dad apparently was one of the few lucky ones - or your memory just
blocked all the bad stuff like memory tends to do. The french cars are not
on the bottom end of any reliability and longevity statistics for no
reason.

I bought a 5 year old Renault Le Car with a bit more than 50000 miles
for parts. When trying to jack it up to remove suspension parts, the jack
broke through the floor. The rocker panels were irreparably rusted, the
whole exhaust system fell off by itself when I loosened the first bolt,
the electrical system was shot.

I suggest you go try a french car for a while, so you can find out first
hand, that that's not frog-bashing but the simple truth.

Chris
Add comment
Guest 6 May 2005 17:28:40 permanent link ]
 
GM is so stupid that it once announced record bonuses for its>executives just days before demanding concessions from the union>employees. It hasn't gotten any smarter since then.

wow

what year was that?
Add comment
Sam 6 May 2005 18:07:55 permanent link ]
 
There are over 40 2005 SUV models that get over 25 mpg according to the >> Dept
of Energy. The extra money you pay for a hybrid takes 20 years to recover
because of the price of gas. People are not too smart.

My Hyundai Accent 2003 just got 40mpg on a 280 mile trip at 70-75 mph for
much of the trip. It has a gas engine only. Accent has a 10yr, 100,000
mile warranty.

The Prius has about 24 battery cells which are covered by an 8 yr warranty
and cost about $200USD per cell. IIRC, the Prius claims about 60 mpg for
the highway.

At about $12k for the Accent vs about $27k for the Prius, some Prius buyers
are not too smart.






Add comment
Barbie Gee 6 May 2005 19:07:27 permanent link ]
 

On Fri, 6 May 2005, Sam wrote:
There are over 40 2005 SUV models that get over 25 mpg according to the>>> Dept> of Energy. The extra money you pay for a hybrid takes 20 years to recover> because of the price of gas. People are not too smart.>
My Hyundai Accent 2003 just got 40mpg on a 280 mile trip at 70-75 mph for> much of the trip. It has a gas engine only. Accent has a 10yr, 100,000> mile warranty.>
The Prius has about 24 battery cells which are covered by an 8 yr warranty> and cost about $200USD per cell. IIRC, the Prius claims about 60 mpg for> the highway.>
At about $12k for the Accent vs about $27k for the Prius, some Prius buyers> are not too smart.

why does everyone think it's ONLY about money saved?
what about gasoline saved?
we can make more money, we can't make more oil...

Add comment
Brigid Nelson 6 May 2005 20:17:53 permanent link ]
 barbie gee wrote:>
On Fri, 6 May 2005, Sam wrote:>
There are over 40 2005 SUV models that get over 25 mpg according to the>>>> Dept>>
of Energy. The extra money you pay for a hybrid takes 20 years to recover>> because of the price of gas. People are not too smart.>>
My Hyundai Accent 2003 just got 40mpg on a 280 mile trip at 70-75 mph for>> much of the trip. It has a gas engine only. Accent has a 10yr, 100,000>> mile warranty.>>
The Prius has about 24 battery cells which are covered by an 8 yr >> warranty>> and cost about $200USD per cell. IIRC, the Prius claims about 60 mpg for>> the highway.>>
At about $12k for the Accent vs about $27k for the Prius, some Prius >> buyers>> are not too smart.>
why does everyone think it's ONLY about money saved?> what about gasoline saved?> we can make more money, we can't make more oil...>

One word - biodiesel.

You will pay more at the pump, that is until gas prices exceed the
current 3.10 per gallon cost of biodiesel. Out here on the west coast,
that could well be this summer.

On doing some research, I've also found that some of the newer
volkswagon diesels get really good milage.

brigid
Add comment
SoCalMike 6 May 2005 22:02:28 permanent link ]
 rantonrave@mail.com wrote:> SoCalMike wrote:>
im sure the unions would have agreed to concessions, IF the>>top brass were willing to as well. the top brass never does.>
GM is so stupid that it once announced record bonuses for its> executives just days before demanding concessions from the union> employees. It hasn't gotten any smarter since then.>
exactly! they heap blame on the $25/hr autoworkers, when its THEM
approving shitty designs, cutting corners, then patting themselves on
the back with bonuses as they lose market share.


any fuckwit with half a clue could see the SUV/pickup craze not lasting
forever. station wagons had their time, and are kinda making a comeback,
at least in 4door w/hatch form, the minivan had their time in the sun
and is still a semi-popular option, and this too shall pass.
Add comment
Rod Speed 6 May 2005 22:33:05 permanent link ]
 
"barbie gee" <oneo@sghcrg.pbz> wrote in message
news:P­ine.LNX.4.62.­0505061006380.32579@­sghcrg.pbz...>
On Fri, 6 May 2005, Sam wrote:>
There are over 40 2005 SUV models that get over 25 mpg according to the>>>> Dept>> of Energy. The extra money you pay for a hybrid takes 20 years to recover>> because of the price of gas. People are not too smart.>>
My Hyundai Accent 2003 just got 40mpg on a 280 mile trip at 70-75 mph for>> much of the trip. It has a gas engine only. Accent has a 10yr, 100,000>> mile warranty.>>
The Prius has about 24 battery cells which are covered by an 8 yr warranty>> and cost about $200USD per cell. IIRC, the Prius claims about 60 mpg for>> the highway.>>
At about $12k for the Accent vs about $27k for the Prius, some Prius buyers>> are not too smart.>
why does everyone think it's ONLY about money saved?> what about gasoline saved?

There isnt any gas saved in that particular examples, stupid.

In spades with the resources used to produce that battery.
we can make more money, we can't make more oil...

Thats wrong too.


Add comment
Scott en Aztln 7 May 2005 00:14:36 permanent link ]
 On 6 May 2005 12:35:31 -0700, clifffreeling@yahoo­.com wrote:
Yeah, but what if TBO doesn't hit in your lifetime?:)­

Then at least I didn't waste $40,000 on an SUV I'll never use. :)­

Add comment


Jon von Leipzig 7 May 2005 00:17:09 permanent link ]
 sgtsam wrote:> Car Buyers Flee SUVs, Prius Sales Triple > May 4, 2005 >
U.S. consumer interest in SUVs dropped sharply in April as people> turned to more fuel-efficient vehicles.

Actually, only "some" peeps turned to fuel-efficient cars.
Sales of 11,000 hardly represents a Mass Exodus.

Headline shudda been:
"Millions of SUV owners stand pat"
Add comment
Mike Wilcox 7 May 2005 03:16:13 permanent link ]
 

DTJ wrote:> On Fri, 6 May 2005 10:07:27 -0500, barbie gee <oneo@sghcrg.pbz> wrote:>
why does everyone think it's ONLY about money saved?>>what about gasoline saved?>>we can make more money, we can't make more oil...>
We sure seem to be. We discover more new oil every year than what we> use.

Nope, last I heard we are only finding one new barrel for every two we use.
Add comment


Scott en Aztln 7 May 2005 04:43:00 permanent link ]
 On Fri, 06 May 2005 19:16:13 -0400, Mike Wilcox
<spamspamspam@monty­python.org> wrote:
DTJ wrote:>> On Fri, 6 May 2005 10:07:27 -0500, barbie gee <oneo@sghcrg.pbz> wrote:>>
why does everyone think it's ONLY about money saved?>>>what about gasoline saved?>>>we can make more money, we can't make more oil...>>
We sure seem to be. We discover more new oil every year than what we>> use.>
Nope, last I heard we are only finding one new barrel for every two we use.

Actually, I recently heard about some new oil pocket discovery in
Idaho that is apparently pretty large. Of course, just when the
details would be useful they escape me... ;)

Add comment
Scott en Aztln 7 May 2005 04:48:48 permanent link ]
 On 6 May 2005 16:47:53 -0700, rantonrave@mail.com­ wrote:
Nobody better steal my idea, either. :)­>
1987 - Ritch "For I Am Canyon Man" Shydner. You owe it to him.

Is the "Canyon Man" routine available on video?

Add comment


Bob Ward 7 May 2005 05:10:50 permanent link ]
 On Fri, 06 May 2005 19:43:00 -0500, Scott en Aztlán
<scottenaztlan@NOya­hooSPAM.com> wrote:
On Fri, 06 May 2005 19:16:13 -0400, Mike Wilcox><spamspamspa­m@montypython.org> wrote:>
DTJ wrote:>>> On Fri, 6 May 2005 10:07:27 -0500, barbie gee <oneo@sghcrg.pbz> wrote:>>>
why does everyone think it's ONLY about money saved?>>>>what about gasoline saved?>>>>we can make more money, we can't make more oil...>>>
We sure seem to be. We discover more new oil every year than what we>>> use.>>
Nope, last I heard we are only finding one new barrel for every two we use.>
Actually, I recently heard about some new oil pocket discovery in>Idaho that is apparently pretty large. Of course, just when the>details would be useful they escape me... ;)


Googling on "Oil discovery Idaho" I found the following:
http://proliberty.c­om/observer/20040212­.htm
According to the best estimates of a number of respected international
geologists, including the French Petroleum Institute, Colorado School
of Mines, Uppsala University and Petroconsultants in Geneva, the world
will likely feel the impact of the peaking of most of the present
large oil fields and the dramatic fall in supply by 2010, or possibly
even several years sooner. At that point, the world economy will face
shocks which will make the oil price rises of the 1970s pale by
contrast.

In other words, we face a major global energy shortage for the prime
fuel of our entire economy within about seven years.

Add comment
SoCalMike 7 May 2005 06:20:15 permanent link ]
 Scott en Aztlán wrote:> Nobody better steal my idea, either. :)­

ive already got a yamaha XT225 in the garage, so im all set!
Add comment
SoCalMike 7 May 2005 06:22:01 permanent link ]
 Jon von Leipzig wrote:> Headline shudda been:> "Millions of SUV owners stand pat"

for now. and how many of those millions own, vs lease? the ones locked
into a lease arent going anywhere for a couple years. theyll be paying
and paying for the next 2+ years, and if they have any common sense,
will trade down when the term is up.
Add comment
C.H. 7 May 2005 06:34:42 permanent link ]
 On Fri, 06 May 2005 19:22:01 -0700, SoCalMike wrote:
Jon von Leipzig wrote:>> Headline shudda been:>> "Millions of SUV owners stand pat">
for now. and how many of those millions own, vs lease? the ones locked > into a lease arent going anywhere for a couple years. theyll be paying > and paying for the next 2+ years, and if they have any common sense, > will trade down when the term is up.

They are still better off as if they were going to buy another new car and
be hit with depreciation again. It's a myth that buying a new more fuel
efficient car automatically saves money.

Chris
Add comment
Scott en Aztln 7 May 2005 12:52:06 permanent link ]
 On Sat, 07 May 2005 01:10:50 GMT, Bob Ward <bobward@verizon.ne­t>
wrote:
In other words, we face a major global energy shortage for the prime>fuel of our entire economy within about seven years.

Let's see... Weren't the Chicken Littles claiming that the world would
run out of oil in 30 years back in the 1970s?

Add comment
Barbie Gee 7 May 2005 18:45:10 permanent link ]
 In article <oUSee.28308$3U.124­1273@news20.bellglob­al.com>,
Mike Wilcox <spamspamspam@monty­python.org> wrote:
DTJ wrote:> > On Fri, 6 May 2005 10:07:27 -0500, barbie gee <oneo@sghcrg.pbz> wrote:> >
why does everyone think it's ONLY about money saved?> >>what about gasoline saved?> >>we can make more money, we can't make more oil...> >
We sure seem to be. We discover more new oil every year than what we> > use.>
Nope, last I heard we are only finding one new barrel for every two we use.

and then, when we find the *last* barrel, we can't make any more.
"discovering" isn't the same as "creating" the stuff in the ground for
us to find in the first place.
duh.
Add comment
Mike Wilcox 7 May 2005 21:09:08 permanent link ]
 

barbie gee wrote:
In article <oUSee.28308$3U.124­1273@news20.bellglob­al.com>,> Mike Wilcox <spamspamspam@monty­python.org> wrote:>
DTJ wrote:>>
On Fri, 6 May 2005 10:07:27 -0500, barbie gee <oneo@sghcrg.pbz> wrote:>>>
why does everyone think it's ONLY about money saved?>>>>what about gasoline saved?>>>>we can make more money, we can't make more oil...>>>
We sure seem to be. We discover more new oil every year than what we>>>use.>>
Nope, last I heard we are only finding one new barrel for every two we use.>
and then, when we find the *last* barrel, we can't make any more.> "discovering" isn't the same as "creating" the stuff in the ground for > us to find in the first place.> duh.

What do you mean "creating the stuff in the ground for us to find"?
What's there has been there for millions of years, old dry wells don't
mysteriously fill back up ;~)­
Add comment
James Linn 7 May 2005 23:18:28 permanent link ]
 bicycle wrote:
A Prius is closer to a Corolla. Both cars have almost the same> dimensions, passenger room and comfort so your comparison should be> between the Corolla and the Prius.>
Base price for a 2005 Corolla is $13,680. Base price for a 2005 Prius> is $20,875. That's a difference of $7195 BEFORE the dealer gouges you.> Buyers are paying anywhere from $4000 to $5000 over sticker for the> Prius. Annual fuel cost for a 2005 Corolla is $859, annual fuel cost> for a 2005 Prius is $562. So you'll pay between $7195 and $12,195 MORE> for a Prius and save a whopping $297 a year in fuel costs. No way a> Prius will pay for itself in 4 or 5 years. You'll have to drive a Prius> 24 to 41 years before you'll save any money in fuel costs over the> Corolla.>
As if that wasn't enough, some used Priuses are selling for more than> the list price for a new one.>

Interior volume Camry 101.8 cubic ft, Prius 96.2, Corolla 90.3. The
original Prius was smaller, the newer model is closer to a Camry.

Camry's mileage: 33/24
Prius Mileage: 51/59
MSRP Camry(Base model): $18045
MSRP Prius: $20875
Difference: $2,830

If we say 20,000 miles a year (city for comparison sake), that would be
338 Gallons for the Prius, 833 for the Camry. At $2 a gallon that works
out to $776 for the Prius, $1,666 for the Camry, for a difference of
$890 a year, leading to a payback of roughly 3.18 years.

Of course there are lots of assumptions, but its all there from
information from www.automotive.com

James
Add comment
Barbie Gee 8 May 2005 08:05:57 permanent link ]
 In article <4B6fe.31757$3U.145­3661@news20.bellglob­al.com>,
Mike Wilcox <spamspamspam@monty­python.org> wrote:
barbie gee wrote:> > In article <oUSee.28308$3U.124­1273@news20.bellglob­al.com>,> > Mike Wilcox <spamspamspam@monty­python.org> wrote:> >>DTJ wrote:> >>>We sure seem to be. We discover more new oil every year than what we> >>>use.> >>
Nope, last I heard we are only finding one new barrel for every two we use.> > and then, when we find the *last* barrel, we can't make any more.> > "discovering" isn't the same as "creating" the stuff in the ground for > > us to find in the first place.> > duh.>
What do you mean "creating the stuff in the ground for us to find"?> What's there has been there for millions of years, old dry wells don't> mysteriously fill back up ;~)­

I was pointing out to DTJ that he is equating "discovering" more oil
isn't the same as a never ending, renewing supply of oil. YOu were
re-enforcing that point; we find one for every two we use, and when it's
gone, it's gone. It's DTJ who seems to think we can go on "dicovering
"new oil" every year. New oil? it's old, and it's finite.
Add comment
SoCalMike 8 May 2005 10:24:09 permanent link ]
 L Sternn wrote:>>Your experience is likely outdated. Renault of the 2000s is much>>different from that of the 1980s.>
Duh - they gave up on trying to sell cars here.>
'cuz they suck

so they bought a company that doesnt suck (or doesnt suck as bad...)-nissan!

i see a LOT of altimas around. not many maximas or 350's tho. must be
doing something right.
Add comment
Rod Speed 8 May 2005 14:14:41 permanent link ]
 
SoCalMike <mikein562athotmail­@hotmail.com> wrote in
message news:z56dnWs89Y8JLe­DfRVn-uw@comcast.com­...>L Sternn wrote
Your experience is likely outdated. Renault of the 2000s is much different >>> from that of the 1980s.
Duh - they gave up on trying to sell cars here.
'cuz they suck
so they bought a company that doesnt suck (or doesnt suck as bad...)-nissan!

'think' again, they dont own nissan.
i see a LOT of altimas around. not many maximas or 350's tho. must be doing > something right.


Add comment
Jon von Leipzig 8 May 2005 17:18:19 permanent link ]
 DTJ wrote:> On Fri, 6 May 2005 10:07:27 -0500, barbie gee <oneo@sghcrg.pbz> wrote:>
why does everyone think it's ONLY about money saved?>>what about gasoline saved?>>we can make more money, we can't make more oil...>
We sure seem to be. We discover more new oil every year than what we> use.

Actually, it's quite the opposite.
This site quotes a variety of sources.
enjoy

Life After the Oil Crash
"Deal with Reality, or Reality will Deal with You"

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"My father rode a camel. I drive a car.
My son flies a jet-airplane.
His son will ride a camel."~ Arabian Oil Sheik
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SoCalMike 9 May 2005 10:31:50 permanent link ]
 Rod Speed wrote:>
so they bought a company that doesnt suck (or doesnt suck as bad...)-nissan!>
'think' again, they dont own nissan.

March 27,1999: Renault and Nissan announce their strategic Alliance.
Renault takes a 36.8% stake in Nissan (consisting of shares and
securities with voting rights) for a total of JPY 643 billion (EUR 5
billion/USD 5.4 billion). The Alliance is intended to create a balanced
partnership which will boost performance.

June 1999: Structures are created to develop and set up common projects
promoting the profitable growth of both Alliance partners. The
structures cover all the activities of the two companies.

October 30, 2001: Renault and Nissan announce their decision to further
strengthen the Alliance, in accordance with the terms of the original
agreement, so that the two partners can implement common projects more
quickly. Renault-Nissan B.V. is founded on March 28, 2002.

March 1st, 2002: Renault increases its stake in Nissan from 36.8% to
44.4% (shares and securities with voting rights), representing an
investment of JPY 215.9 billion/EUR 1.35 billion.

March 28, 2002: Nissan acquires a 13.5% stake in Renault, for EUR 50.39
per share, through a reserved capital increase.

May 28, 2002: Nissan acquires a further 1.5% stake for EUR 52.91 per
share, raising its stake to 15% as previously agreed.

May 29, 2002: The Alliance Board meets for the first time.

then its a merger.
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Rod Speed 9 May 2005 12:30:06 permanent link ]
 
SoCalMike <mikein562athotmail­@hotmail.com> wrote in
message news:cKmdnapmHuhDnu­LfRVn-vw@comcast.com­...> Rod Speed wrote>> SoCalMike <mikein562athotmail­@hotmail.com> wrote
so they bought a company that doesnt suck (or doesnt suck as bad...)-nissan!
'think' again, they dont own nissan.
March 27,1999: Renault and Nissan announce their strategic Alliance.

Nothing even remotely resembling anything like 'bought a company'
Renault takes a 36.8% stake in Nissan (consisting of shares and securities > with voting rights) for a total of JPY 643 billion (EUR 5 billion/USD 5.4 > billion). The Alliance is intended to create a balanced partnership which will > boost performance.

Nothing even remotely resembling anything like 'bought a company'
June 1999: Structures are created to develop and set up common projects > promoting the profitable growth of both Alliance partners. The structures > cover all the activities of the two companies.

Nothing even remotely resembling anything like 'bought a company'
October 30, 2001: Renault and Nissan announce their decision to further > strengthen the Alliance, in accordance with the terms of the original > agreement, so that the two partners can implement common projects more > quickly. Renault-Nissan B.V. is founded on March 28, 2002.

Nothing even remotely resembling anything like 'bought a company'
March 1st, 2002: Renault increases its stake in Nissan from 36.8% to 44.4% > (shares and securities with voting rights), representing an investment of JPY > 215.9 billion/EUR 1.35 billion.

Nothing even remotely resembling anything like 'bought a company'
March 28, 2002: Nissan acquires a 13.5% stake in Renault, for EUR 50.39 per > share, through a reserved capital increase.

Even less like renault 'bought a company'
May 28, 2002: Nissan acquires a further 1.5% stake for EUR 52.91 per share, > raising its stake to 15% as previously agreed.

Even less like renault 'bought a company'
May 29, 2002: The Alliance Board meets for the first time.
then its a merger.

Nope, its a ALLIANCE.

A merger is 100% of the stock, stupid.


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