Hutchinson to leave AIAM
WASHINGTON - Philip Hutchinson said Friday, Sept. 24, that he will retire March 1 as president of the Association of International Automobile Manufacturers.
Hutchinson, 61, disclosed his plans at a closed-door AIAM board meeting at which the future of the association of overseas-based carmakers was discussed but not resolved.
In the wake of the DaimlerChrysler merger and the creation of the multinational Alliance of Automobile Manufacturers, AIAM has been rethinking its mission.
Some at Friday's session said AIAM will be downsized, but members did not agree on details.
Hutchinson was not available for comment.
He became president of AIAM in 1992 after 21 years with Volkswagen of America.
GM adds cash for Texas plant
DALLAS - General Motors is pumping an additional $70 million into its Arlington, Texas, truck plant to prepare for its next generation of full-sized sport-utilities.
Earlier this year, GM committed $400 million to the plant to boost annual capacity 50 percent, to more than 180,000 units.
GM said Friday, Sept. 24, that Arlington will start building the redesigned Chevrolet Tahoe and GMC Yukon during the second half of 2000. It also will get the redesigned Cadillac Escalade, plus a new sport-utility yet to be named. GM insiders also have said the plant will get a Cadillac sport-utility pickup hybrid.
Arlington builds the Tahoe, Yukon, Escalade and GMC Denali. Denali production is expected to move to GM's Janesville, Wis., plant.
GM adds ads in black media
DETROIT - General Motors said it will increase ad spending with BET Holdings Inc., a black-owned media and entertainment company, by more than 50 percent. The one-year-deal starts in the fourth quarter. BET said GM spent $4 million with it last year.
GM's deal to target more blacks includes buys on the BET cable network, Emerge, BET Weekend and Heart & Soul magazines, and on the Internet. GM spent $11 million in all-black media last year, the most of any carmaker, according to Competitive Media Reporting.
GM is considering placing vehicles in BET-produced movies and Kwanza holiday specials.
Jaguar XKR is $77,380
MAHWAH, N.J. - Jaguar's supercharged sports car, the XKR, goes on sale Oct. 14 at prices of $77,380 for the coupe and $82,380 for the convertible. The prices include the destination charge.
The XKR has a supercharged V-8 that produces 370 hp.
Features that set the XKR apart from the naturally aspirated XJ8 include a wire-mesh grille, functional hood louvers, a deck lid spoiler and 18-inch alloy wheels.