The top stories from Automotive News Europe's June 9, 1997 edition - and how they developed.
Ferrari has taken over management control of Maserati. In an internal deal, Ferrari bought 50 percent of Maserati stock from Fiat Auto, which owns the remainder. The holding company Fiat SpA owns 90 percent of Ferrari.
* The first fully Ferrari-engineered Maserati was the new Spyder shown at the 2001 Frankfurt auto show, followed by a new Coupe seen at Detroit in January. Maserati has also been reintroduced to the US market after a 12-year absence. The transformation of the Italian brand will be completed at Frankfurt in 2003 with the introduction of a new four-door sporty sedan, the fifth edition of the Quattroporte flagship. Meanwhile, Fiat SpA said it would sell a minority stake in Ferrari at the end of this year to help cut debt.
Daihatsu doesn't deliver
Daihatsu will use its new Terios mini-SUV to lead an ambitious new-model program aimed at achieving annual sales of 100,000 units in Europe by 2001.
* Daihatsu failed to achieve its goal. According to JATO Dynamics, the Japanese carmaker sold 26,075 units in Europe last year, down from 36,954 in 2000. The Terios sold 6,404 units last year, 2,304 fewer than in 2000.
Saab crossover plans
Saab is studying new market segments. But the Swedish carmaker said it wouldn't step into segments that have reached a peak such as SUVs or MPVs.
* The new Saab 9-3 sedan, due in September, will form the basis of a future all-wheel-drive 9-3X crossover vehicle.