UNITED STATES/JAPAN: DETROIT MOTOR SHOW ENTERS ITS THIRD DAY/ SPECULATION GROWS OF POSSIBLE MERGER BETWEEN FORD AND A EUROPEAN CAR MANUFACTURER

Record ID: 983432

  • Title: UNITED STATES/JAPAN: DETROIT MOTOR SHOW ENTERS ITS THIRD DAY/ SPECULATION GROWS OF POSSIBLE MERGER BETWEEN FORD AND A EUROPEAN CAR MANUFACTURER
  • Date: 3rd January 1999
  • Summary: DETROIT, MICHIGAN, UNITED STATES (JANUARY 5, 1999) (VNR) 1. VARIOUS FORD THUNDERBIRD CONCEPT CAR (3 SHOTS) 0.25 2. VARIOUS V6 BEETLE SPORTS CAR UNVEILED/ON TURNTABLE (4 SHOTS) 0.53 3. VARIOUS FORD TRUCK (3 SHOTS) 0.59 4. VARIOUS NEW BMW MODEL (3 SHOTS) 1.09 TOKYO, JAPAN (FILE) (REUTERS) 5. PAN/SLV VOLVO CARS ON DISPLAY (2 SHOTS) 1.21 NEW YORK, UNITED STATES (JANUARY 5, 1999) (REUTERS) 6. SV (SOUNDBITE) (ENGLISH) MICHAEL WARD, AUTO ANALYST WITH PAINE WEBBER: "I think the rumours are centred around Ford doing something, because of Ford's financial position. Ford has an enormous amount of cash. On a net cash basis - over 13 billion U.S. dollars, so clearly they have the clout to do whatever they want to do. "I don't think that necessitates them doing something. The latest rumour has been Ford and BMW." 1.40 NEW YORK, UNITED STATES (FILE) (NYSE TV) 7. VARIOUS NEW YORK STOCK EXCHANGE DAIMLER / CHRYSLER CEO'S RINGING OPENING BELL (3 SHOTS) 1.51 (JANUARY 5, 1999) (REUTERS) 8. SCU (SOUNDBITE) (ENGLISH) WARD "It is a unique time for the industry. First off, now we know the history of DaimlerChrysler, the talks first started or were initiated right around the Detroit auto show. So that's really heightened the awareness to the rumours. "Second off, you have every major major executive from the major auto manufacturers from around the world and their suppliers in Detroit this week, going to the same cocktail parties and festivities, and everything else associated with it and people see them walking around talking to each other, which of course they do and they come up with different rumours and speculations, so I think it's like a feeding ground for speculation, because everyone is at the same place at the same time." 2.30 DETROIT, MICHIGAN, UNITED STATES (JANUARY 3, 1998) (VNR) 9. SLV DAIMLERCHRYSLER 2001 P.T. CRUISER 2.53 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 17th January 1999 12:00
  • Keywords:
  • Access Restrictions:This media cannot be downloaded as there may be copyright restrictions. Please contact us for more information
  • Location: DETROIT, MICHIGAN / NEW YORK, NEW YORK, UNITED STATES / TOKYO JAPAN
  • City:
  • Country: USA
  • Reuters ID: LVA4VC6RG6EXZVO2DQUSPVN15WXQ
  • Story Text:
  • Copyright Holder: REUTERS - SOURCE TO BE VERIFIED
  • Copyright Notice: (c) Copyright Thomson Reuters 2014. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
Register