Ford dumps stock in Kia
DETROIT - Ford Motor Co. has sold its 9.4 percent stake in Kia Motors Corp. Ford put the value at about $110 million, based on October stock values. Spokesman John Spelich would not disclose the price or buyer. He said Ford probably will take a fourth-quarter charge because of the sale. Hyundai Motor Co. took over Kia in December. A spokesman for Ford affiliate Mazda Motor Corp., which owns 7 percent of Kia's stock, said Mazda had no plans to sell its shares.
D/C SALES UP 13%
STUTTGART, Germany - Daimler-Chrysler AG said it expects to report that combined sales for the year rose 13 percent to $148 billion. Earnings were 'significantly higher' than 1997's combined $6.26 billion. Vehicle sales for 1998 totaled 4.4 million.
NEW NEON IS $12,890
LOS ANGELES - The 2000 Neon sedan will be priced at $12,890 when it goes on sale at Dodge and Plymouth dealers this month. The 2000 model is $865 more than the 1999 base Neon four-door and $570 more than the 1999 Neon Highline four-door. The Neon product story is on Page 17.
HONDA CR-V UP $220
LOS ANGELES - American Honda Motor Co. has raised prices $220 on the 1999 CR-V sport-utility. The increase includes a $20 increase in the destination charge, which is now $415. The 1999 CR-V prices are: LX two-wheel-drive, $18,965; LX 4wd, $19,365; EX 4wd, $20,865. Automatic transmission is standard on the LX 2wd; it is $800 extra on 4wd models.