Canada sales decline 5.9% in October
TORONTO - Sales of light vehicles in Canada fell 5.9 percent in October to 109,605. Light-truck sales took a big hit, down 11.3 percent from October 1999 levels. Car sales dropped 1.5 percent. A 35 percent decline in Ford Explorer sales helped pull down Ford Motor Co.'s total light-truck sales by 23.5 percent. General Motors' combined car and truck sales were off 13.4 percent for the month. Despite October's fall, Canadian sales through October are 5.5 percent ahead of last year's pace.
FORD FINANCES STATIONS
MINNEAPOLIS - Ford Motor Co. has helped finance 40 new E85 fuel stations in the Minneapolis and St. Paul, Minn., area. The area now has the nation's highest concentration of pumps delivering the ethanol fuel blend. The project provides money to independent station owners for installing or upgrading to the new fuel pumps needed to distribute E85. The average cost for an ethanol fuel pump is $40,000. E85 is a mixture of 85 percent ethanol and 15 percent gasoline. The compound can be made from almost any organic material. E85 can be used in flexible-fuel vehicles and can reduce carbon emissions by as much as 20 percent
AUTONATION SELLS BUSINESS
FORT LAUDERDALE, Fla. - AutoNation Inc. has agreed to sell its outdoor billboard business, Republic Media, to Infinity Outdoor Inc. for $104 million in cash. As part of the deal, the largest auto retailer in the United States agreed to a three-year, $15 million advertising deal with Infinity. Republic Media operates 1,300 billboard faces in Florida. Infinity operates 117,000 bulletin, poster, mall and transit advertising display faces in North America. Infinity is a subsidiary of Infinity Broadcasting Corp.
TO GM, FROM VISTEON
DETROIT - General Motors will offer Visteon Corp. wireless DVD entertainment systems in mid-sized 2002 sport-utilities. It will be the first time DVD systems are offered on new vehicles, a Visteon spokeswoman says. Visteon's system will be an option on the GMC Envoy, the Chevrolet Trailblazer and the Oldsmobile Bravada. The system will be integrated into an overhead console with wireless headsets. A fold-down, 7-inch screen will have a parental control button near the front seat. A wireless infrared remote control will allow rear-seat passengers to control the system.