Scientists note PNGV progress
WASHINGTON - The committee of scientists and engineers who conducted the fifth annual review of the government-industry program known as the Partnership for a New Generation of Vehicles said the program is making overall progress in its goal to develop production-ready 80-mpg family sedans by 2004. However, the committee found one apparent snag: Clean air standards might block the use of advanced diesel engines needed to meet fuel economy goals.
CARMAX ADDS STORE
RICHMOND, Va. - CarMax Group, the used- and new-vehicle retailer, has purchased Fairway Chrysler- Plymouth-Jeep in Orlando, Fla., and renamed it CarMax Chrysler-Plymouth-Jeep of Orlando. CarMax would not release the purchase price. CarMax, a subsidiary of Circuit City Stores Inc., also operates one of its 29 used-car superstores in Orlando but has not determined whether it will relocate the Chrysler, Plymouth and Jeep franchises to that store.
TOYOTA ISSUES LICENSES
TOKYO - Toyota Motor Corp. has licensed its nitrogen-oxide reduction catalyst technology to DaimlerChrysler AG and Volkswagen AG. The technology is particularly useful in lean-burn or direct-injection gasoline engines. In turn, DaimlerChrysler has licensed its brake-assist technology to Toyota.
COBALT BUYS PARTSVOICE
SEATTLE - Cobalt Group, which develops dealer Web sites and runs the DealerNet online car-buying service, has purchased Parts-Voice, a company that locates and markets original-equipment auto parts. The PartsVoice database has more than 35 million OEM parts for sale worldwide and handled more than 9 million parts searches in 1998. PartsVoice collects and processes data from about 12,000 dealer clients.
JAPAN BLESSES UNION
TOKYO - Japan's government has pledged to support the partnership between Renault and Nissan. Last week, Renault SA Chairman Louis Schweitzer and Nissan Motor Co. Ltd. President Yoshikazu Hanawa met Japanese Prime Minister Keizo Obuchi and Minister of International Trade and Industry Kaoru Yosano in Tokyo. The trade minister told the auto executives that the Japanese government would back the union through 'various policy means.'