Cincinnati.Com
NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help
Currently:
34°F
Light Snow
Weather | Traffic
The Enquirer
HOME
NEWS
ENTERTAINMENT
SPORTS
REDS
BENGALS
LOCAL GUIDE
MULTIMEDIA
ARCHIVES
SEARCH
 
 TODAY'S ENQUIRER 
 Front Page 
 Local News 
 Sports 
-- Business 
 Editorials 
 Tempo 
 Home Style 
 Travel 
 Health 
 Technology 
 Weather 
 Back Issues 
 Search 
 Subscribe 

 SPORTS 
 Bearcats 
 Bengals 
 High School 
 Reds 
 Xavier 

 VIEWPOINTS 
 Jim Borgman 
 Columnists 
 Readers' views 

 ENTERTAINMENT 
 Movies 
 Dining 
 Horoscopes 
 Lottery Results 
 Local Events 
 Video Games 

 CINCINNATI.COM 
 Giveaways 
 Maps/Directions 
 Send an E-Postcard 
 Coupons 
 Visitor's Guide 
 Web Directory 

 CLASSIFIEDS 
 Jobs 
 Cars 
 Homes 
 General 
 Place an ad 

 HELP 
 Feedback 
 Subscribe 
 Search 
 Newsroom Directory 



 
Saturday, December 28, 2002

Auto production to be third-highest



By John Porretto
The Associated Press

DETROIT - North American automotive production will top 16.7 million in 2002, the third-largest total ever, Ward's Automotive Reports predicted Friday.

Most automotive assembly plants are idle for the holidays, with many scheduled to resume production Jan. 2. Including estimates for this week and some spot production next week, Ward's projects 2002 output to be 16,748,604 vehicles, up 5.9 percent from 2001.

The two top years for production were 1999 and 2000, each of which saw some 17.6 million vehicles produced.

In the United States, automakers will make an estimated 12.3 million vehicles this year, an increase of 7.5 percent from 2001 and the fifth-highest total ever, Ward's said. Canada and Mexico each will post their third-largest production years in 2002, the industry publication said.

Canada's total is forecast to be 2.6 million vehicles, some 800,000 more than Mexico.

General Motors Corp., the world's No.1 automaker, is expected to account for 33.6 percent of U.S. production. No. 2 Ford Motor Co. is at 27.7 percent, and DaimlerChrysler AG's Chrysler Group is at 14.1 percent.

Among the foreign makers, Honda of America Manufacturing Inc. is expected to account for 6.1 percent of the 2002 U.S. total, followed by Toyota Motor Manufacturing Inc. at 5.5 percent and Nissan Motor Manufacturing Corp. at 3.4 percent.

The foreign automakers' production numbers will increase in the coming years. Toyota, Honda, Nissan and Hyundai all are adding manufacturing capacity in North America.

In a research note Friday, Merrill Lynch's John A. Casesa said GM, Ford and Chrysler collectively have lost 1.8 percent market share so far this year, "a trend that looks unlikely to reverse course anytime soon."

Automakers report December and year-end U.S. sales Friday.

Industry analysts say domestic sales of new cars and trucks appear to be headed for a strong finish to the year, boosted mightily by profit-curtailing incentives.

Some analysts say GM is leading the way by spending between $2,500 and $3,000 a vehicle on incentives as it tries to post back-to-back years of market-share gains.



LOCAL BUSINESS NEWS
Gift cards could rescue retailers
What's the Buzz?
Tristate Summary
YOUR MONEY
Most funds show some life at end
Savvy Strategies: Annuity better pension choice
Tristate Rate Report
The Week Ahead
U.S. & WORLD NEWS
New-home sales set record in Nov.
Corporate reforms offer hope for 2003
United union pacts at risk
Market worries over oil price
Gas costs reflect spike in crude price
Business Digest
Auto production to be third-highest
Beset by woes, Boeing at crossroads
Poland to buy U.S. jet fighters
Bidding for town closes at $1.8M
75 sick passengers taken off cruise ship
Ski resorts grateful for snow

 

Latest Headline News
Updated Every 30 Minutes
BUSINESS NEWS

U.S. Rises in Auto Reliability Ratings

Congolese Shun Own Currency for Dollars

Delta Air Lines Posts $52M Profit in 3Q

Prepared Holiday Meals Up in Popularity

Christmas Returns to Wal-Mart Marketing


Cincinnati.Com
Search our site by keyword:  
Search also: News | Jobs | Homes | Cars | Classifieds | Obits | Coupons | Events | Dining
Movies/DVDs | Video Games | Hotels | Golf | Visitor's Guide | Maps/Directions | Yellow Pages

  CINCINNATI.COM  |  NKY.COM  |  ENQUIRER  |  CIN WEEKLY  |  Classifieds  |  Cars  |  Homes  |  Jobs  |  Help


Search | Questions/help | News tips | Letters to the editors | Subscribe
Newspaper advertising | Web advertising | Place a classified | Circulation

Copyright 1995-2007. The Cincinnati Enquirer, a Gannett Co. Inc. newspaper.
Use of this site signifies agreement to terms of service updated 12/19/2002.