Daewoo, GM are `enthusiastic'
Daewoo President Kim Tae-Gou was asked how negotiations are proceeding with General Motors. 'Both parties are very enthusiastic,' he replied.
'We have agreed to discuss all passenger-car business in Korea and overseas but not commercial vehicles,' he added.
Hyundai Santa Fe will hit U.S. trail
Hyundai will unveil the production version of the Santa Fe compact sport-utility at the Detroit auto show in January. Production begins in February and the car should arrive in U.S. showrooms by the third quarter.
Among the promised features is a full-time four-wheel-drive system developed by Hyundai. It will be built by a Kia affiliate.
Hyundai Atos may move to Kia
The Hyundai Atos is such a disappointment in the home market that serious thought is being given to closing down the Atos line in Ulsan and transferring production to Kia.
The Kia Visto is outselling the Hyundai Atos. The Visto is a copy of the Santro, the Indian version of the Atos.
Where there's a WiLL ...
By many accounts, Toyota's WiLL Vi, with its lifestyle sell and cross-product branding strategy, was the car of the show. Toyota has allied itself with several manufacturers of consumer goods, including a refrigerator maker, to develop WiLL products and an entirely new retailing strategy.
How was the concept for the car with its unique inward slanting front and rear pillars born? Yasumatsu Jun, product manager, said he got the idea from Cinderella's pumpkin carriage. 'Madam, your carriage is ready' is one of the marketing slogans for the car, which is aimed at 20-something Japanese women.
For the time being, WiLL is a Japan-only car, said Jun, who is with Toyota's Virtual Venture Co.