https://www.scmp.com/rss/48118/feed Chrysler is an American carmaker that has been majority-owned by Fiat, since 2009. First organised as Chrysler Corporation in 1925, its core brands are Chrysler, Jeep, Dodge, Ram, SRT, Fiat, and Mopar vehicles and products. Between 1998 and 2007 Chrysler was owned by Daimler, but the union was not successful, and in August 2007, DaimlerChrysler sold Chrysler Group to Cerberus Capital Management. Both Chrysler and its competitor, General Motors, needed government rescues during the global... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The mainland's top antitrust authorities defended a recent crackdown on price-fixing at a rare joint press conference in Beijing yesterday, denying foreign firms were being unfairly targeted, as fines totalling 280 million yuan (HK$353.9 million) were announced against German carmaker Volkswagen's mainland joint venture and US car brand Chrysler. The National Development and Reform Commission (NDRC)-supervised price bureau in Hubei province said it was fining FAW-Volkswagen 248.6 million yuan... https://www.scmp.com/business/china-business/article/1590406/antitrust-body-fines-volkswagen-and-chrysler-denies?utm_source=rss_feed https://www.scmp.com/business/china-business/article/1590406/antitrust-body-fines-volkswagen-and-chrysler-denies?utm_source=rss_feed Thu, 11 Sep 2014 22:19:45 +0000 This is a tale that should warm the hearts of everyone who is sceptical about the ability of business schools to teach you the essentials of business or sufficiently naive to put a modicum of trust in company reports from investment analysts. The reason I like this story is that it concerns one company written off by the bankers as being dead and another that was supposed to be dying. However, someone prepared to dirty his hands at the sharp end of business challenged these widely held... https://www.scmp.com/business/companies/article/1399673/amid-organisational-plans-and-charts-never-underestimate?utm_source=rss_feed https://www.scmp.com/business/companies/article/1399673/amid-organisational-plans-and-charts-never-underestimate?utm_source=rss_feed Tue, 07 Jan 2014 03:44:15 +0000 Italian carmaker Fiat struck a US$4.35 billion deal to gain full control of Chrysler, ending more than a year of tense talks that have obstructed chief executive Sergio Marchionne’s efforts to combine the two carmakers’ resources. The agreement, announced on Wednesday, cements Marchionne’s reputation as the industry’s consummate dealmaker about a decade after he took the helm of Fiat as a newcomer to the car business, analysts and bankers said. But it remains to be seen whether a merger will be... https://www.scmp.com/business/companies/article/1395743/fiat-reaches-us435-billion-deal-fully-take-over-chrysler?utm_source=rss_feed https://www.scmp.com/business/companies/article/1395743/fiat-reaches-us435-billion-deal-fully-take-over-chrysler?utm_source=rss_feed Thu, 02 Jan 2014 03:50:27 +0000 Chrysler plans to file documents this month that would allow its minority investor to sell shares in a stock market listing, a process that will slow Italian carmaker Fiat’s plans to take full control of the US automaker. An initial public offering would bring to a head the ongoing battle between Sergio Marchionne, who has led both companies since Chrysler’s government-financed bankruptcy in 2009, and a healthcare trust fund affiliated with the United Auto Workers union. The trust, a type known... https://www.scmp.com/business/money/markets-investing/article/1311451/chrysler-ipo-bring-shareholder-battle-head?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1311451/chrysler-ipo-bring-shareholder-battle-head?utm_source=rss_feed Tue, 17 Sep 2013 02:51:39 +0000 US auto sales accelerated to the best pace since October 2007 as major automakers posted double digit gains on Wednesday and forecast more growth in the months to come. Total industry sales rose 17 per cent when compared with August last year while the sales pace jumped to an adjusted, annual rate of 16.1 million, according to Autodata. That’s up from 15.8 million in July and the first time the sales pace topped 16 million since the US auto industry sank into a deep downturn that led to the... https://www.scmp.com/business/companies/article/1303838/us-auto-sales-accelerate-best-pace-2007?utm_source=rss_feed https://www.scmp.com/business/companies/article/1303838/us-auto-sales-accelerate-best-pace-2007?utm_source=rss_feed Thu, 05 Sep 2013 04:01:57 +0000 Fiat won a partial victory on Tuesday in its path to a full buyout of Chrysler after a US judge accepted the Italian carmaker’s legal positions in two pivotal disputes with an autoworkers’ health-care trust that is a minority Chrysler shareholder. Delaware Court of Chancery Judge Donald Parsons stopped short of ordering VEBA, the United Auto Workers trust, to sell 54,154 Chrysler shares to Fiat for US$139.7 million, as the Italian carmaker had sought in its lawsuit filed last year. Instead,... https://www.scmp.com/business/companies/article/1293286/fiat-wins-partial-victory-bid-own-all-chrysler?utm_source=rss_feed https://www.scmp.com/business/companies/article/1293286/fiat-wins-partial-victory-bid-own-all-chrysler?utm_source=rss_feed Wed, 31 Jul 2013 03:09:25 +0000 Fiat’s US unit Chrysler, which generates most of the group’s net profit, cut its profit forecast as it struggled to fill orders due to parts shortages, hitting the Italian automaker’s shares. Chrysler’s booming US sales have compensated for Fiat’s losses in Europe, where demand hit a 20-year low in the first half of the year. Fiat-Chrysler chief executive Sergio Marchionne said most of Chrysler’s plants had experienced parts shortages as it tried to keep up with strong demand. That resulted in... https://www.scmp.com/business/companies/article/1293283/profit-warning-thriving-chrysler-hits-parent-fiat?utm_source=rss_feed https://www.scmp.com/business/companies/article/1293283/profit-warning-thriving-chrysler-hits-parent-fiat?utm_source=rss_feed Wed, 31 Jul 2013 03:04:46 +0000 Fiat will put new investments on hold until it gets a clearer idea of the impact of a court ruling that a portion of Italy’s labour rules are unconstitutional, its chief executive, Sergio Marchionne, said on Tuesday. Italy’s constitutional court ruled last week that a clause in the country’s labour law from the 1970s allowing automaker Fiat to bar the Fiom metalworkers’ union from representing workers on its factory floor violated the constitution. Fiat is Italy’s largest employer, and its... https://www.scmp.com/business/companies/article/1279402/fiat-halts-new-investments-pending-clarity-labour-law?utm_source=rss_feed https://www.scmp.com/business/companies/article/1279402/fiat-halts-new-investments-pending-clarity-labour-law?utm_source=rss_feed Wed, 10 Jul 2013 02:39:15 +0000 Chrysler said it will recall 840,000 vehicles in the United States and other countries, mostly for active-restraint head rests that are possibly flawed. Five separate recalls include nearly 500,000 cars and SUVs for the active-restraint head rest issue, and another 282,000 minivans for possible malfunctioning air bags, Chrysler said. While Chrysler has improved its scores on third-party quality assessments such as Consumer Reports in recent years, it has issued 12 separate recalls since early... https://www.scmp.com/business/companies/article/1275256/chrysler-recalls-840000-vehicles-mostly-us?utm_source=rss_feed https://www.scmp.com/business/companies/article/1275256/chrysler-recalls-840000-vehicles-mostly-us?utm_source=rss_feed Thu, 04 Jul 2013 05:43:21 +0000 Sales of brawny pickup trucks fueled strong demand for new vehicles in the United States in June, driving the industry toward its strongest month since late 2007, before the financial crisis that drove General Motors and Chrysler into bankruptcy. GM and Ford posted stronger-than-expected sales on Tuesday, and Chrysler’s sales met analysts’ expectations as the improving US housing market led to surging demand for full-size pickups at all the US automakers. Toyota also reported surprisingly strong... https://www.scmp.com/business/companies/article/1274563/trucks-lift-us-auto-sales-best-month-2007?utm_source=rss_feed https://www.scmp.com/business/companies/article/1274563/trucks-lift-us-auto-sales-best-month-2007?utm_source=rss_feed Wed, 03 Jul 2013 05:31:14 +0000 Chrysler said it would recall 2.7 million older Jeep models after initially fighting a recall request from US regulators in a dispute over crash protection for their fuel tanks. The recall will affect Jeep Grand Cherokee SUVs from model years 1993 to 2004 and Jeep Liberty SUVs from 2002 to 2007. Regulators from the National Highway Traffic Safety Administration said the agency will continue to investigate the issue, including a review of new documents provided by Chrysler. NHTSA officials said... https://www.scmp.com/business/companies/article/1264108/chrysler-relents-recall-27m-jeeps-over-fuel-tanks?utm_source=rss_feed https://www.scmp.com/business/companies/article/1264108/chrysler-relents-recall-27m-jeeps-over-fuel-tanks?utm_source=rss_feed Wed, 19 Jun 2013 02:08:22 +0000 Fiat is in talks for as much as US$10 billion in financing from a pool of banks to buy the Chrysler stake it doesn't own and refinance the two firms' debt, people familiar with the matter said. The banks, which include Bank of America, Deutsche Bank, Goldman Sachs and BNP Paribas, are discussing lending the Italian firm the money to buy the 41.5 per cent of the US carmaker held by the United Auto Workers' retiree health care trust, said the people, who asked not to be identified because the... https://www.scmp.com/business/companies/article/1250087/fiat-raising-us10b-full-move-chrysler?utm_source=rss_feed https://www.scmp.com/business/companies/article/1250087/fiat-raising-us10b-full-move-chrysler?utm_source=rss_feed Thu, 30 May 2013 16:00:00 +0000 Mitt Romney has blasted Barack Obama over the US car industry bailout in a new campaign advert and blamed him for sending car companies into bankruptcy. The attack is being seen as a sign of continued concern over the political impact of the Republican presidential candidate's opposition to the bailout. Romney also falsely implies in the advert that the president's actions prompted Chrysler to send jobs to China. Thousands of jobs in the upper Midwest were tied to the carmakers' bailout - US$80... https://www.scmp.com/news/world/article/1073404/romney-blasts-obama-ohio-over-auto-industry-bailout?utm_source=rss_feed https://www.scmp.com/news/world/article/1073404/romney-blasts-obama-ohio-over-auto-industry-bailout?utm_source=rss_feed Tue, 30 Oct 2012 16:00:00 +0000 A former Canto-pop singer who escaped death in a car accident on the mainland but is now in a wheelchair and has brain damage is claiming damages from the driver. The wife of Tsoi Kwok-kuen, Yee Tat-hing, is taking legal action on his behalf against Chan Wah-hin, who was driving his company car with six passengers on board from Yunfu city in Guangdong to Hong Kong at the time of the accident on November 12, 2002. Two passengers were killed and the others were injured when the vehicle flipped... https://www.scmp.com/article/720150/singer-left-wheelchair-after-crash-seeks-damages?utm_source=rss_feed https://www.scmp.com/article/720150/singer-left-wheelchair-after-crash-seeks-damages?utm_source=rss_feed Mon, 19 Jul 2010 16:00:00 +0000 Tickled pink Some of the best attractions in America's Death Valley, which runs through California and Nevada, will become more accessible when Pink Jeep Tours (www.pinkjeep.com) begins park excursions next month. The company will use oversized four-wheel- drive jeeps (left), each of which comfortably seats 10, to visit Racetrack Playa (a dry lake bed where rocks slide across the surface), Titus Canyon and the Charcoal Kilns. Tours include pick-ups and drop-offs at most park hotels and... https://www.scmp.com/article/690429/travellers-checks?utm_source=rss_feed https://www.scmp.com/article/690429/travellers-checks?utm_source=rss_feed Sat, 22 Aug 2009 16:00:00 +0000 Great Wall Motor said it had called off its collaboration with Chrysler, adding another setback to the United States carmaker over the past three months. Anhui-based Chery Automobile announced in December it had stopped working with the US carmaker because of different business directions and priorities. Chrysler, which has received a financial bailout from the US government, has been seeking joint-venture partners in the growing Chinese vehicle market after separating from Germany's... https://www.scmp.com/article/673175/great-wall-cuts-tie-chrysler?utm_source=rss_feed https://www.scmp.com/article/673175/great-wall-cuts-tie-chrysler?utm_source=rss_feed Thu, 12 Mar 2009 16:00:00 +0000 Chrysler's new chairman and chief executive Bob Nardelli said he planned to keep the carmaker's three brands but could cut some products as he led the company through a restructuring. 'Clearly Chrysler, Dodge and Jeep are all very, very valuable brands,' Mr Nardelli said. 'I think we have to look very hard at some of the products within those brands.' In one of his first public appearances since becoming chairman last month, Mr Nardelli would not say which vehicles might go. Among those... https://www.scmp.com/article/607321/chrysler-keep-three-brands-may-cut-models?utm_source=rss_feed https://www.scmp.com/article/607321/chrysler-keep-three-brands-may-cut-models?utm_source=rss_feed Sun, 09 Sep 2007 16:00:00 +0000 A YouTube posting showing Brilliance China's BS6 car crumple like a can in a German crash test in June was a public relations disaster for the mainland's car industry. 'Koreans build better cars. Say no to Chinese cars,' was one comment on the posting, highlighting the ground the industry has to make up if it is to win the trust of consumers outside the mainland. There have been some successes. Chery Automobile early last month said it would co-operate with Chrysler to produce cars,... https://www.scmp.com/article/605690/car-firms-face-uphill-drive-success?utm_source=rss_feed https://www.scmp.com/article/605690/car-firms-face-uphill-drive-success?utm_source=rss_feed Sun, 26 Aug 2007 16:00:00 +0000 DaimlerChrysler will start making Dodge vehicles in Fujian as it seeks to widen its mainland business, it said without providing figures on production capacity. 'This is the learning phase of DaimlerChrysler in China and we believe that high growth will not happen overnight,' said Sam Elliot, the president of Chrysler Group (China) Sales. DaimlerChrylser aims to expand its mainland dealerships to 104 by the middle of next year from 70. It aims to have 60 dealers for Dodge this year. The... https://www.scmp.com/article/589785/daimlerchrysler-make-dodge-cars-fujian?utm_source=rss_feed https://www.scmp.com/article/589785/daimlerchrysler-make-dodge-cars-fujian?utm_source=rss_feed Fri, 20 Apr 2007 16:00:00 +0000 US firm is the biggest target so far as mainland players look to overseas acquisitions Mainland carmakers' possible interest in buying the struggling United States-based Chrysler unit from DaimlerChrysler, as reported yesterday, is just their latest but biggest move in three years of reaching into the international market by acquiring overseas assets. Shanghai Automotive Industry Corp (SAIC), China FAW Group Corp and Chery Automobile, along with other carmakers, have been in talks to buy all... https://www.scmp.com/article/583275/chrysler-deal-aid-carmakers-global-plans?utm_source=rss_feed https://www.scmp.com/article/583275/chrysler-deal-aid-carmakers-global-plans?utm_source=rss_feed Wed, 28 Feb 2007 16:00:00 +0000 SAIC seen as having best chance to buy the struggling DaimlerChrysler unit Three mainland carmakers have separately begun talks with DaimlerChrysler about potentially buying its United States-based Chrysler unit in order to speed up their global expansion, according to sources. Shanghai Automotive Industry Corp (SAIC), Jilin-based FAW Group Corp and Anhui-based Chery Automobile have joined carmakers from around the world in early talks with the German company about acquiring all or part of the... https://www.scmp.com/article/583185/mainland-carmakers-enter-talks-chrysler?utm_source=rss_feed https://www.scmp.com/article/583185/mainland-carmakers-enter-talks-chrysler?utm_source=rss_feed Tue, 27 Feb 2007 16:00:00 +0000 In its day, Beijing Jeep has been more than just a sturdy, boxy ride through the streets of the capital; it has symbolised America's dreams of selling the cars that rule the roads of China, as well as highlighting the dangers of the joint-venture system. Beijing Jeep's fortunes in the cut-throat mainland industry have been as up and down as a speedy run sown some of the city's-side roads. Changing gears is like pulling elephant tusks, the suspension looks the part but does precious little to... https://www.scmp.com/article/551556/beijing-jeeps-bouncing-fortunes-contain-many-lessons?utm_source=rss_feed https://www.scmp.com/article/551556/beijing-jeeps-bouncing-fortunes-contain-many-lessons?utm_source=rss_feed Sun, 04 Jun 2006 16:00:00 +0000 In the story 'Great Eagle may sell at Langham' on page B2 of yesterday's Business Post, the consolidated net attributable debt of Great Eagle Holdings should be $14.66 billion as at December 31, 2004. We apologise for any inconvenience caused. https://www.scmp.com/article/500574/corrections-clarifications?utm_source=rss_feed https://www.scmp.com/article/500574/corrections-clarifications?utm_source=rss_feed Fri, 13 May 2005 16:00:00 +0000 THE FIRST impression is discouraging. You have to question the relevance of a man whose cover illustration is called (deep breath) The Great Blue Heron And The Great Rainbow Trout Yogi In Phenomenal Space, Mental Space And The Space Of Consciousness. Sure enough, in Rain On The River (Canongate $124), the American poet Jim Dodge does spasmodically write like a 1960s relic under the influence of the Maharishi and certain non-prescription pharmaceuticals. One abbreviated meditation entitled Life... https://www.scmp.com/article/385655/rich-tapestry-rhyme-and-reason?utm_source=rss_feed https://www.scmp.com/article/385655/rich-tapestry-rhyme-and-reason?utm_source=rss_feed Fri, 19 Jul 2002 16:00:00 +0000 The first joint venture vehicle company in China is running heavy losses and could go bankrupt, the sector's first casualty of accession to the World Trade Organisation, according to an official newspaper. The China Economic News said Beijing Jeep, of which DaimlerChrysler owns 42 per cent and firms under the Beijing city government the balance, was seriously short of capital, with sales below target and few new models in a market in which prices had fallen sharply since WTO entry last... https://www.scmp.com/article/372229/wto-drives-beijing-jeep-trouble?utm_source=rss_feed https://www.scmp.com/article/372229/wto-drives-beijing-jeep-trouble?utm_source=rss_feed Sun, 24 Feb 2002 16:00:00 +0000 Gangs are demolishing the workshops and office blocks of the Beijing Engine Plant, a site the size of several football fields east of the capital's third ring road. Behind them are the red-brick factory buildings, their colour dimmed by years of dust and sand, but which still produce car engines. 'They should close the plant,' said Wang Min, a local resident. 'We are 30 to 40 years behind the west and even more in the car industry. The plant has debts totalling two billion yuan (about HK$1.8... https://www.scmp.com/article/348230/dying-car-plants-struggle-against-brake-bureaucracy?utm_source=rss_feed https://www.scmp.com/article/348230/dying-car-plants-struggle-against-brake-bureaucracy?utm_source=rss_feed Sun, 27 May 2001 16:00:00 +0000 Police patrols in the New Territories were put on alert last night after a Jeep arriving from the mainland drove through a Customs checkpoint at Lok Ma Chau without stopping. https://www.scmp.com/article/338465/jeep-drives-through-border-post?utm_source=rss_feed https://www.scmp.com/article/338465/jeep-drives-through-border-post?utm_source=rss_feed Tue, 06 Feb 2001 16:00:00 +0000 Marine police arrested three men after intercepting a high-powered speedboat loaded with a Jeep in a sea chase in Sai Kung. Reports said no one was injured in the incident but the speedboat was taking in water. https://www.scmp.com/article/290812/sea-chase?utm_source=rss_feed https://www.scmp.com/article/290812/sea-chase?utm_source=rss_feed Fri, 13 Aug 1999 16:00:00 +0000 Customs officers seized a shipment of 10 cars and a Jeep worth about $1.28 million in three outgoing container trucks at Lok Ma Chau. Three truck drivers were detained. https://www.scmp.com/article/276528/vehicles-seized?utm_source=rss_feed https://www.scmp.com/article/276528/vehicles-seized?utm_source=rss_feed Mon, 22 Mar 1999 16:00:00 +0000 A PLA jeep collided with a motorcycle in Gascoigne Road, Yau Ma Tei, last night leaving a 29-year-old motorcyclist with a broken leg. The driver and the officer in the jeep, which was heading for the PLA Hospital, were unhurt. https://www.scmp.com/article/231599/pla-jeep-bike-crash?utm_source=rss_feed https://www.scmp.com/article/231599/pla-jeep-bike-crash?utm_source=rss_feed Fri, 27 Feb 1998 16:00:00 +0000 Two Next Magazine staff were beaten by a group of men in Hunghom yesterday after being accused of acting like paparazzi. The attackers, speaking Cantonese with mainland accents, snatched a mobile phone and a camera, worth a total of $23,500, from the victims before driving away in a jeep. The incident happened at about 8 am shortly after reporter Lok Wing-cheong, 26, drove in with photographer Lee Kam-ming, 24, to pick up another reporter in Tak Fung Street outside the Harbour Plaza Hotel. A... https://www.scmp.com/article/225866/thugs-beat-and-rob-paparazzi-following-their-jeep?utm_source=rss_feed https://www.scmp.com/article/225866/thugs-beat-and-rob-paparazzi-following-their-jeep?utm_source=rss_feed Thu, 08 Jan 1998 16:00:00 +0000 South Korea's Hyundai Precision Industries Co is to sell jeeps to China, under a contract with a provincial firm in Shandong. At least 200 Galloper V-6 jeeps would be exported this year, rising to 3,000 next year and 20,000 in 1999, Yonhap News Agency reported. The report said the deal capped a separate agreement last month to ship 500 Gallopers to China before the end of 1997. https://www.scmp.com/article/194764/hyundai-secures-jeep-deal?utm_source=rss_feed https://www.scmp.com/article/194764/hyundai-secures-jeep-deal?utm_source=rss_feed Mon, 05 May 1997 16:00:00 +0000 A DASH to the postbox during Typhoon Kent has paid off for librarian Elizabeth Nash. Her entry has won first prize in the South China Morning Post short story competition. Ms Nash, 50, from Hong Kong University, won two return British Airways tickets to London - perfect timing for her parents' wedding anniversary. Her story on the theme of A Final Appeal described a father feuding with his children over a troublesome puppy, and how the situation was resolved. Ms Nash was amazed her... https://www.scmp.com/article/139411/writers-pen-their-way-prizes-post-contest?utm_source=rss_feed https://www.scmp.com/article/139411/writers-pen-their-way-prizes-post-contest?utm_source=rss_feed Thu, 16 Nov 1995 16:00:00 +0000 LET'S hear it for loyalty. Meet Chiao Wen-bing, the doorman at the Godown who has faithfully remained in position six days a week for the last 26 years without ever having had a holiday or a day off sick. Mr Chiao answered an advertisement for the job when the Godown first launched in November 1968. The restaurant's director, Bill Nash, said he wanted a northern Chinese man because they were taller. Mr Chiao, 67, fitted the bill perfectly, hailing from Shanxi province and moving to Taiwan... https://www.scmp.com/article/102630/long-stand-loyalty-godown?utm_source=rss_feed https://www.scmp.com/article/102630/long-stand-loyalty-godown?utm_source=rss_feed Mon, 09 Jan 1995 16:00:00 +0000 WHAT ails this week's TV? Symptoms include emotional delirium, mood swings and raised testosterone levels. World AIDS Day, (December 1), attracting a grim, emotion-driven line-up from the TV stations, must take much of the blame. After well over a decade of information-gathering and prejudice-bashing, you would think that programme-makers could get past the sentimental and provide us with something new. Instead, they continue to bludgeon us with programmes on 'what it's like to have AIDS'. All... https://www.scmp.com/article/97474/all-about-aids?utm_source=rss_feed https://www.scmp.com/article/97474/all-about-aids?utm_source=rss_feed Sat, 26 Nov 1994 16:00:00 +0000 THE protracted battle between Chrysler Corp and Daimler-Benz for the much-coveted US$1 billion deal to build mini-vans in China is nearly over. Although Beijing has yet to announce whom it will partner for the colossal project, Daimler-Benz chairman Edzard Reuter has as good as admitted that his group has lost the fight. The admission comes at a time when United States Commerce Secretary Ron Brown's ''commercial diplomacy'' has scored a coup for corporate America by winning billions of... https://www.scmp.com/article/86693/brown-driving-seat-chrysler?utm_source=rss_feed https://www.scmp.com/article/86693/brown-driving-seat-chrysler?utm_source=rss_feed Wed, 31 Aug 1994 16:00:00 +0000 CHRYSLER Corp said yesterday that a seven per cent gain in vehicle sales and bigger profits on each vehicle sold boosted its second-quarter profit 40 per cent to an all-time quarterly record. The nation's third largest car-maker said net income rose to US$956 million, or $2.35 a share, from $685 million, or $1.86 a share, in the corresponding quarter last year. Revenue rose 19 per cent to $13.1 billion, from $11 billion. Wall Street was expecting the company to earn $2.27 a share,... https://www.scmp.com/article/81221/profit-chrysler?utm_source=rss_feed https://www.scmp.com/article/81221/profit-chrysler?utm_source=rss_feed Thu, 14 Jul 1994 16:00:00 +0000 AFTER standing with one hand on a Suzuki for 52 gruelling hours, 33-year-old Kelly Lam won the new car, worth $185,000. The Snapple/Hit Radio-sponsored competition started on Friday with 49 contestants having to keep one hand on the jeep, with the winner being the last person remaining. However, after heat and exhaustion had taken their toll, the organisers called a halt to the competition with four competitors remaining. Mr Lam then won a quick-fire skill contest and took home the car. https://www.scmp.com/article/76005/car-won-after-52-hour-ordeal?utm_source=rss_feed https://www.scmp.com/article/76005/car-won-after-52-hour-ordeal?utm_source=rss_feed Sun, 29 May 1994 16:00:00 +0000 YE Gods! Is this the end of civilisation as we know it? One of Hong Kong's most enduring culinary and social landmarks, the Godown bar and restaurant, may soon be taking last orders - for good. Spiralling rent looks set to force mine host Bill Nash to pull down the shutters at his famed hostelry that has been an acclaimed fixture in this town for 27 years. At present Nash pays $120,000 a month rent for the Admiralty premises. But the landlord is pushing to increase it to $280,000. ... https://www.scmp.com/article/70959/godown-bar-faces-shutdown-over-rent?utm_source=rss_feed https://www.scmp.com/article/70959/godown-bar-faces-shutdown-over-rent?utm_source=rss_feed Mon, 18 Apr 1994 16:00:00 +0000 DON St Pierre is a changed man. Four years ago the former president of the Beijing Jeep Corp was pouring scorn on foreign investors rushing headlong into the Chinese automotive industry. But now it is Mr St Pierre himself who is leading the charge. Mr St Pierre, who left Beijing Jeep in 1988, has returned to the capital to take charge of a new US$160 million fund to be invested directly in China's automotive components industry. The fund, established by Asian Strategic Investments Corp... https://www.scmp.com/article/69963/former-jeep-boss-gets-back-gear?utm_source=rss_feed https://www.scmp.com/article/69963/former-jeep-boss-gets-back-gear?utm_source=rss_feed Sun, 10 Apr 1994 16:00:00 +0000 JAPAN'S Mitsubishi Motors Corp is planning to procure up to US$2 billion of United States car parts in fiscal 1995, about $400 million more than in fiscal 1994, the Yomiuri newspaper reported yesterday. Mitsubishi, Japan's third biggest car-maker may announce the voluntary plan as early as next week. A company spokesman refused to confirm the report. ''We are considering the purchase plan, but the amount and the timing have not been decided yet.'' In January 1992, Mitsubishi said it... https://www.scmp.com/article/66180/mitsubishi-buy-us-vehicle-parts?utm_source=rss_feed https://www.scmp.com/article/66180/mitsubishi-buy-us-vehicle-parts?utm_source=rss_feed Thu, 10 Mar 1994 16:00:00 +0000 GREAT Eagle Holdings is planning a separate listing for its office and commercial property business on the stock exchange. The new company would seek a separate listing and would remain a subsidiary of Great Eagle after the listing, it said. https://www.scmp.com/article/55602/great-eagle-plans-form-separate-listing?utm_source=rss_feed https://www.scmp.com/article/55602/great-eagle-plans-form-separate-listing?utm_source=rss_feed Mon, 13 Dec 1993 16:00:00 +0000 AFTER 15 years in the doldrums, the American car industry is showing signs of re-awakening. The Honda Accord has been ousted from its position as America's best-selling car by the locally made Ford Taurus, and, though mired in debt, the American car industry is once more a force to be reckoned with. The Japanese share of the US car market has fallen from 30 per cent in 1991 and 1992, to 27 per cent in the first two months of 1993. The big three American car makers, General Motors, Ford... https://www.scmp.com/article/25999/us-car-giants-wake-their-slumber?utm_source=rss_feed https://www.scmp.com/article/25999/us-car-giants-wake-their-slumber?utm_source=rss_feed Thu, 15 Apr 1993 16:00:00 +0000 COMEDY may be a recent addition to the entertainment circuit in Hongkong, but down in Admiralty a double act with a 22-year history is bringing the house down. No discredit to the real performers at the Godown's Sunday comedy club, but Ms Carole Allen and Mr Bill Nash - partners of the popular bistro, bar and nightclub - should be the ones on the stage. Over 22 years of working together, they have acquired an amazing repertoire of real-life jokes and stories. These they tell with... https://www.scmp.com/article/17751/comedy-act-comes-age?utm_source=rss_feed https://www.scmp.com/article/17751/comedy-act-comes-age?utm_source=rss_feed Sat, 06 Feb 1993 16:00:00 +0000