Automotive News - June 30, 2008 - (Page 40)

40 • JUNE 30, 2008 Mexican suppliers now see a downturn Stephen Downer sdowner44@yahoo.com Customer SUBARU Incentives Cash rebate Finance rate Cash rebate Finance rate Cash rebate Finance rate Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. BMW Expires June 30. 2008 models 5 series, 6 series, 7 series, M6, X5 3 series, X3, Z4, Z4 M – – 2.9% 3.9% AMERICAN HONDA MOTOR CO. Expires June 30. 2008 models Acura MDX, RDX Honda Accord, Element, Ridgeline, S2000, Pilot Civic – 0.9-2.9% – 0.9-2.9% – 1.9-2.9% Nissan Murano 2007 models $2,000 1.9-4.9% SUBARU Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Forester – 4.5-4.9% 2008 models Forester $500-$2,250 0-4.9% Outback $750-$1,500 0-4.9% Legacy $0-$1,250 0-4.9% Tribeca $1,000 0-4.9% Impreza – 0-4.9% CHRYSLER LLC Expires June 30. In lieu of rebates, cut-rate financing is available. A $2.99 per gallon gasoline incentive is offered on qualifying 2008 and 2009 vehicles. It expires July 7. See dealer for details. 2009 models Dodge Journey $1,000 – 2008 models Chrysler Aspen $3,750-$4,500 0-5.9% 300C $4,000 0-5.9% PT Cruiser (excl. convertible) $1,500-$3,000 0-5.9% Pacifica $2,000-$2,500 0-5.9% Sebring $500-$2,500 0-5.9% Town & Country $2,500 0-7.9% 300 (excl. SRT8 and C) $2,000 0-5.9% PT Cruiser convertible $1,000 0-5.9% Dodge Ram 1500 $5,000-$6,000 0-4.9% Ram 2500/3500 $4,500-$5,000 0-4.9% Durango $3,750-$4,500 0-5.9% Dakota, Magnum $2,000-$3,000 0-5.9% Grand Caravan $2,500 0-7.9% Charger $1,500-$2,500 0-5.9% Caliber, Avenger, Nitro $500-$1,250 0-5.9% Jeep Commander $4,000-$5,500 0-5.9% Grand Cherokee $750-$5,500 0-5.9% Compass, Liberty, Patriot $750-$1,500 0-5.9% HYUNDAI Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Sonata $1,500 0.9-3.9% 2008 models Sonata $3,000 – Santa Fe, Azera $2,000-$2,500 – Entourage $2,000 – Elantra $1,500-$2,000 – Tiburon $500-$1,750 – Tucson, Accent $1,000-$1,500 – Veracruz $1,000 – 2007 models Sonata, Azera $3,000 – Entourage, Santa Fe $2,500 – Elantra $1,500-$2,000 – Tiburon $1,000-$1,750 – Accent $1,000-$1,500 – Tucson, Veracruz $1,500 – MEXICO CITY — In a sign of the downturn facing the North American auto industry, Mexico’s suppliers association is backing away from an optimistic forecast issued less than a month ago. It now expects sales to contract this year. “I don’t know by how much,” Agustin Rios, president of the national auto parts association, known as INA, told Automotive News on Friday. “But sales this year will be below those of 2007.” INA stands for Industria Nacional de Autopartes. Last month, Rios predicted that Mexican suppliers would generate 2008 sales of $29.7 billion, up 4 percent from 2007. Rios based his earlier forecast on January sales, which totaled $2.58 billion, up 15.4 percent from January 2007. It was the Mexican industry’s 35th successive month of growth. Automotive News has learned that the association’s statistics for February, expected to be published next week, will show sales of $2.56 billion, down 0.55 percent from the previous month and the first contraction in almost three years. “But everything has changed in the past three months,” Rios said last week. “Now I can say that we’ll see a drop in the value and the quantity of parts made” this year. Rios said that between 2008 and the whole of 2010, U.S. production will average 9.4 million vehicles a year, 1 million fewer than in 2007, “which is very serious for Mexico’s auto parts industry.” This month, General Motors and Ford Motor Co. both announced drastic cuts in North American production. This week, GM said it plans to reduce pickup and SUV production by 170,000 units in the second half of the year while increasing car output. As part of that cut, GM is adding a week of idle time this summer at its Silao, Mexico, plant, which makes the Cadillac Escalade EXT; Chevrolet Avalanche, Silverado and Suburban; and GMC Sierra and Yukon XL. Three weeks ago, GM said it would cease production of the Chevrolet Kodiak medium-duty truck in Toluca, Mexico, by year end. “There will be job losses, but for the moment we don’t know how many,” GM spokesman Mauricio Kuri told Automotive News this month. The Toluca complex employs 2,500 workers. Also this month, Ford Motor said production at an assembly plant in Cuautitlan, Mexico, will wind down by year end. The plant, which now produces large pickups, will be retooled for the new Fiesta small car beginning in early 2010.c SUZUKI Expires June 30. In lieu of rebates, cut-rate financing is available. 2008 models Grand Vitara, XL7 $1,750-$2,500 0-3.9% SX4 $750-$1,500 0-3.9% Reno, Forenza $500 0-3.9% 2007 models Grand Vitara, XL7 $3,250-$4,000 0-3.9% Aerio, Forenza, Reno $1,000-$2,000 0-3.9% SX4 $1,500 0-3.9% TOYOTA MOTOR SALES Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Toyota Camry (excl. Hybrid) $0-$500 0-4.9% Matrix, Corolla – 0-2.9% 2008 models Lexus ES 350 – 1.9-3.9% Toyota Tundra $0-$4,500 0% 4Runner, Sequoia, Sienna, Tacoma $0-$2,000 0-4.9% Camry Hybrid, Corolla $0-$1,500 – Camry (excl. Hybrid) $0-$1,500 0-4.9% Matrix $0-$1,000 – FJ Cruiser $750-$1,000 – Camry Solara, Highlander $500-$1,000 2.9-4.9% Avalon – 0-4.9% 2007 models Toyota Tundra $0-$4,000 0% 4Runner $0-$2,500 0-3.9% Sequoia $0-$2,000 – Tacoma, Highlander (excl. Hybrid) $0-$2,000 0-3.9% Sienna $0-$1,500 0-3.9% Camry, Corolla, FJ Cruiser $0-$1,000 – JAGUAR Expires July 7. 2008 models XJ – 4.9% Chevrolet Silverado 1500 Classic, Silverado 1500 SS Classic, Silverado 1500HD Classic, Silverado 2500HD Classic, Silverado 3500 Classic Silverado 2500HD, Silverado 3500HD Avalanche, Suburban, Tahoe TrailBlazer Corvette, Impala, Silverado Equinox, Express, Express cargo, HHR, Monte Carlo, Uplander Cobalt, Colorado Aveo, Malibu, Malibu Maxx GMC Sierra 1500 Classic, Sierra 2500HD Classic, Sierra 3500 Classic Yukon, Yukon XL Sierra 3500HD, Sierra 2500HD Envoy Sierra 1500 Savana, Savana cargo Canyon Acadia Hummer H2, H3 Pontiac G6, Grand Prix, Torrent G5, Solstice, Vibe Saab 9-3, 9-5, 9-7X Saturn Aura, Ion, Relay Outlook, Sky $5,000 $4,000-$5,000 $4,500 $4,000 $3,000-$3,500 $2,500 $1,750-$2,000 $1,500 $5,000 $4,500 $4,000-$5,000 $4,000 $3,000-$3,500 $2,500 $2,000 $1,000 $5,000-$8,000 $2,500 $1,750-$2,000 $6,000-$6,500 $2,500-$3,000 $2,000 KIA Expires June 30. In lieu of rebates, cut-rate financing is available. 2008 models Sorento $2,000-$3,000 – Optima $0-$3,000 0-1.9% Amanti, Sportage, Spectra $2,000 – Sedona $1,000-$2,000 – Rondo $1,500 – Rio $500-$750 – 2007 models Sedona $1,500-$4,500 – Amanti, Sorento $3,000-$4,000 – Rondo $2,500-$4,000 – Optima $3,500 – Spectra, Sportage $2,000-$3,000 – Rio $1,000 – AMERICAN HONDA MOTOR CO. Expires June 30. 2008 models Acura RL MDX RDX TSX Honda Ridgeline Odyssey, Pilot Element $4,000 $2,000 $1,500 $1,000-$1,500 $4,500 $2,000-$3,500 $1,000-$1,500 FORD MOTOR CO. Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Ford Flex – 0.9-6.9% 2008 models Ford F-Super Duty $2,000-$5,500 0-6.9% Expedition, Expedition EL $2,500-$5,000 0-3.9% Explorer, Explorer Sport Trac $2,500-$4,000 0-4.9% Taurus, Taurus X $1,500-$3,000 0-6.9% Edge, Escape (excl. Hybrid) $500-$3,000 0-6.9% Econoline, Ranger $0-$2,500 0-6.9% F-150, Fusion, Mustang $0-$2,000 0-7.9% Focus $0-$1,000 2.9-8.9% Escape Hybrid – 4.9-8.9% Lincoln Mark LT $6,500-$8,000 0-3.9% Navigator $4,000-$6,000 0-1.9% Town Car $5,000 0.9-4.9% MKZ $2,000-$2,500 0-5.9% MKX $1,000-$2,000 0-4.9% Mercury Grand Marquis $5,500-$6,000 0-2.9% Mountaineer $2,200-$4,000 0-4.9% Mariner (excl. Hybrid), Sable $500-$2,000 0-6.9% Milan $0-$1,200 0-6.9% Mariner Hybrid – 4.9-8.9% 2007 models Ford Edge $2,000-$4,000 0-1.9% Mustang $2,500-$3,500 0-2.9% Lincoln MKX $2,000 0-1.9% LAND ROVER Expires June 30. 2008 models LR3 LR2 $6,000-$7,000 $2,750 MAZDA Expires June 30. 2007 models MX-5 Miata Mazda5, Mazda3 RX-8 $1,500 $1,000 $500 LAND ROVER Expires June 30. 2008 models LR2, LR3 – 0-5.9% VW GROUP OF AMERICA VW expires June 30. Audi expires July 2. 2009 models Volkswagen Tiguan – 2.9-4.9% 2008 models Audi A3, RS4, S4 – 2.9% A4 – 0.9-2.9% R8 – 5.3% Volkswagen New Beetle convertible – 0% Eos, GLI, GTI, Jetta, New Beetle sedan, R32, Rabbit, Touareg 2 – 0-2.9% Passat – 0-3.9% MAZDA Expires June 30. In lieu of rebates, cut-rate financing is available. 2008 models RX-8 $3,000 1.9% Mazda6, Tribute $2,250-$2,750 0-4.9% B series $2,000 – CX-7, CX-9 – 1.9% Mazda3, Mazda5, Tribute Hybrid – 1.9-4.9% 2007 models RX-8 $3,750 – Mazda6 $3,000 0% B series $3,000 – CX-7, CX-9 – 0.9% MazdaSpeed3 – 5.9% MERCEDES-BENZ Expires June 30. 2008 models SL class CLS class CL class, SLK class $12,000 $6,000 $4,000-$5,000 MITSUBISHI Expires June 30. 2008 models Raider, Endeavor 2007 models Endeavor, Raider Eclipse, Eclipse Spyder, Galant Outlander $1,500 $6,000 $3,000-$4,000 $2,500 GENERAL MOTORS Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Pontiac Vibe – 5.9-7.9% 2008 models Buick Lucerne, LaCrosse $1,000 0% Enclave – 5.9-6.9% Cadillac DTS, Escalade $2,000-$3,000 0% SRX, STS $2,000-$2,500 0-7.9% CTS – 0% XLR – 2.9-5.9% Chevrolet Avalanche, Equinox, Silverado 1500, Silverado 2500HD, Silverado 3500HD, Suburban, Tahoe, TrailBlazer, $1,500-$2,000 0% Express, Express cargo $1,500-$2,000 2.9-6.9% Colorado, HHR $0-$1,500 0% Impala, Cobalt $1,000 0% Aveo $500 5.9-6.9% Uplander – 0% Malibu, Corvette – 5.9-6.9% GMC Envoy, Savana cargo, Sierra 1500, Yukon, Yukon XL $1,500-$2,000 0% Savana, Sierra 2500HD, Sierra 3500HD $1,500 2.9-6.9% Canyon $0-$1,500 0% Acadia $500 5.9-6.9% Hummer H2, H3 $5,000-$7,000 0% Pontiac Grand Prix $2,000 0% Torrent $1,500 0% G5, G6, Vibe, Solstice $1,000 0% G8 $500 5.9-6.9% Saab 9-3, 9-7X $2,500-$3,000 0-7.9% 9-5 – 6.9-7.9% Saturn Vue (excl. hybrid) $1,500 0% Aura, Sky $0-$1,000 0% Outlook $500 5.9-6.9% VOLVO Expires June 30. 2008 models S80, XC90 S60, V70, XC70 C70, S40, V50 C30 – – – – 0-2.9% 3.9% 4.9% 5.9% http://Edmunds.com

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Automotive News - June 30, 2008

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