The top stories from Automotive News Europe's November 6, 2000, issue - and how they developed.
Jaguar's new baby
Jaguar unveiled its new X-Type last week. The all-wheel-drive sedan is Jaguar's smallest car and gives the Ford-controlled British manufacturer a four-car lineup. Jaguar expects the X-Type to help double the carmaker's global sales volume to 200,000 units a year.
Jaguar executives announced last year that the brand had abandoned its 200,000-unit-a-year goal. This came after Ford said it would close Jaguar's historic Browns Lane factory in the UK. Jaguar production will fall below 100,000 this year for the first time since 2000, the year before the X-Type was introduced. The X-Type sedan was a cornerstone of 200,000-unit goal, but sales of the car have been a disappointment. Critics complain the lower-premium X-Type looks too much like the upper-medium Ford Mondeo. The two cars share their platform. The X-Type likely will die after the 2009 model year.
Schrempp pushes shares
Jürgen Schrempp says he will spend as much as 25 percent of his time in 2001 meeting with analysts and investors in an effort to revive DaimlerChrysler's share price. He said D/C also might buy back shares to boost their value. The company's stock price has fallen by more than half since the 1998 merger of Daimler-Benz and Chrysler.