September 23, 1999 |
Lincoln Mercury told its dealers this week that it will stop retail production of the slow-selling Mercury Mystique compact at the end of the year. The Irvine-based unit of Ford Motor Co. dropped the Mercury Tracer subcompact last year and retains just five models in the Mercury line--the Cougar sports coupe, Sable mid-size sedan, Grand Marquis luxury sedan, Villager minivan and Mountaineer sport-utility. Jim Hall, a Detroit-based industry analyst with AutoPacific Inc.
August 15, 1998 |
Republic Industries Inc. has agreed to buy three franchise car dealership groups in Southern California, including the region's largest sellers of Mercedes-Benz and Jeep vehicles. The deals, among six separate transactions announced Friday, would make Republic one of the largest car retailers in Southern California. With the acquisitions, Republic's local holdings will increase to 11 franchises and 50 locations, said Jim Donahue, vice president of communications for Republic.
August 4, 1998 |
Making an unprecedented move to jump-start its flagging U.S. operation, Nissan Corp. said Monday that it has shifted design responsibility for future American market cars to its studio in La Jolla. The move makes Nissan the first Japanese car maker to give its U.S. design studio so much autonomy. It also further increases California's considerable influence in automotive design.
July 15, 1998 |
Ford Motor Co.'s Lincoln Mercury division formally opened its new world headquarters in Irvine on Tuesday, the first time since World War II that a domestic auto maker has moved out of Detroit's sphere of influence. The division will occupy leased offices at 19 Technology Drive until sometime next year when a custom-built facility will be ready nearby.
May 20, 1998 |
The retail auto parts industry is being realigned, with the field's top players buying competitors and using public stock sales to expand their shares of the $32-billion market for do-it-yourself mechanics. Not surprisingly, the car capital of the world--Southern California--is at the center of the shuffle. CSK Auto Corp., which runs the Kragen chain, recently gobbled up Trak Auto Corp.'s 82 stores in Southern California for $35 million and reopened them as Kragen outlets.
January 28, 1998 |
As Lincoln Mercury officials prepare to relocate their corporate headquarters to Irvine, the luxury car maker's Detroit-based advertising agency is making moving plans of its own. John Vanderzee, chairman of Young & Rubicam/Detroit, said Tuesday that the company will transfer a still unknown number of its 350 Lincoln Mercury people to California to be closer to the car maker's headquarters.