BMW to produce 1 series, 6 series
BMW AG CEO Joachim Milberg said the automaker plans to add both 1 and 6 series lines to its product range.
Speaking at a BMW dinner Monday, Feb. 26, in Geneva, Milberg said the 1 series line will bow in 2004 and be positioned between the Mini and the 3 series.
The automotive press, including Automotive News, showed spy shots last year of a new small BMW, incorrectly labeling it the 2 series. That vehicle will be called the 1 series; a 2 series is not planned.
Milberg said design work has begun on a successor to the 6-series coupe. A convertible also is planned.
BMW produced the 6 series between 1976 and 1989.
Volvo plans sport-utility
Volvo Car Corp. will unveil a production-ready sport-utility at the North American International Auto Show in Detroit in January.
The model is said to be close to the Adventure concept car seen in January at the Detroit show, a company spokesman says. The headlights, taillights and styling of the rear portion of the roof will be changed.
Nissan Europe expects profit
Nissan Europe will turn a profit next year as a result of the restructuring of its production and distribution operations, Nissan Motor Co. Ltd. CEO Carlos Ghosn said.
Nissan will post a 'substantial' loss in Europe for fiscal 2000-2001 because of the fall of the euro against the pound and the yen, said Ghosn in an interview. In the first half of the fiscal year, the Japanese automaker lost e940 million, or about $867 million. Figures for the fiscal year will be released in May.
Pininfarina to make StreetKa
Ford of Europe has selected Industrie Pininfarina S.p.A. to make a production version of the StreetKa concept. The move is part of a European restructuring plan that will depend heavily on developing niche vehicles.
The StreetKa, unveiled at the 2000 Turin auto show, is scheduled to go into production in 2003. The production version will be based on the Ford Ka.