Trailblazer price starts at $25,755
DETROIT - Chevrolet's new 2002 Trailblazer sport-utility will start at $25,755 when it goes on sale in late March. That's the sticker price for the LS two-wheel-drive unit. All prices in this story include a $600 destination charge.
Other Trailblazer prices are: LS 4wd, $27,980; LT 2wd, $29,115; LT 4wd, $31,340; LTZ 2wd, $32,105; LTZ 4wd, $34,330.
Chevrolet has aimed the Trailblazer directly at Ford's new 2002 Explorer. The Trailblazer's starting price of $25,755 compares with an opening tag of $25,715 for the Explorer.
All Trailblazers are four-doors. Chevrolet will continue to produce two-door and four-door Blazers until at least 2003.
Autoweb reports red ink
SANTA CLARA, Calif. - Online buying service Autoweb.com reported a loss of $11.7 million on revenue of $9.8 million in the fourth quarter of 2000. That compares with a loss of $14.4 million on sales of $8.4 million in the same quarter of 1999.
For all of 2000, Autoweb.com lost $38.4 million on revenue of $52.3 million, compared with a loss of $18.2 million on revenue of $32.8 million in 1999.
Autoweb.com CEO Jeffrey Schwartz said the company expects to make a profit in the fourth quarter of 2001.
Internet aid for dealers
NEW YORK - J.P. Morgan Chase & Co., AmeriCredit Corp. and Wells Fargo & Co. have formed an Internet alliance, called DealerTrack.
It enables dealers to submit credit applications, and lenders and dealers to manage the accounts on-line.
Chase's auto lending subsidiary, Chase Manhattan Auto Finance Corp. of Garden City, N.Y., already refers subprime customers to AmeriCredit, based in Fort Worth, Texas. In addition to Wells Fargo, based in San Francisco, the partners intend to add more lenders to the DealerTrack alliance.
Mitsubishi brass face charges
TOKYO - Mitsubishi Motors Corp. and nine of its current and former managers are facing criminal charges in connection with the company's hidden-recall scandal.
But Japanese police apparently have decided not to press charges against Katsuhiko Kawasoe, former Mitsubishi president and current chairman.
The police turned over to the public prosecutors the results of an investigation that showed that Mitsubishi systematically concealed from customers serious complaints that might have led to mandatory recalls and, instead, informed the government only of a few minor complaints.
Among those named for criminal prosecution were former Mitsubishi vice presidents Satoru Toyama and Hikoichi Motoyama.
The Tokyo District Court fined Mitsubishi $35,000 last October for falsifying records.
That fine was sought by the Transportation Ministry for Mitsubishi's having violated its regulations.