Monday, January 19, 2009

MONOPOLIZATION OF THE WORLD'S CAR INDUSTRY

compiled by Rex Frankel, 1/19/2009

THE BIG 3 USA CAR MAKERS:


General Motors,

sells under these brands:

Chevrolet,

Pontiac-bought 1909,

Buick—original car line of GM,

Cadillac-bought 1909,

GMC,

Saturn,

Hummer—their SUV’s are actually made by A-M General Corp. , a former division of American Motors and later LTV corp., now a separate company

GM-Daewoo-bought in 2002-in South Korea

Saab of Sweden--bought in ‘89 and 2000,

GM also owned between 2000 and 2005 up to 20% of FIAT of Italy, which sells under these brands: FIAT, Lancia, Alfa Romeo-(bought 1986 from the Italian government), Ferrari, Maserati (bought 1993, 51% owned), and Iveco trucks, while FIAT owns 6% of GM. FIAT sells 46% of all cars sold in Italy, and also owns 90% of Polish carmaker FSM.

GM also sells under these brands in Europe: Adam-Opel in Germany, Vauxhall in the UK. GM also has technology sharing agreements with Toyota, and buys engines from Honda. GM also owned Lotus for a while, but sold it in ‘93.


Discontinued car lines:

Elmore, bought 1909-halted 1912

Geo-1989-1997

LaSalle-1927-1940

Marquette-1930

Oakland-1907-1931

Oldsmobile-1897-2004

Rapid Truck-1909-1912

Reliance Truck-1909-1912

Viking-1929-1931


Former stakes in other car-makers:

Isuzu (49%)-sold in 2006,

Suzuki (9.9% sold in 2008),

and once owned Subaru (20%) of Japan.

Lotus of UK-1986 to 1993

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Ford

#2 with 25% of the US market, sells under these brands:

Ford,

Lincoln and

Mercury,

Volvo cars of Sweden-bought in 1999,

and owns 50% of AutoLatina with VW in Brazil. Ford also has a joint venture with Navistar to build trucks in Mexico


Discontinued brand lines:

Edsel-1958-1060

Merkur-1985-1989

Aston Martin Lagonda, made in the UK,- bought in 1989, sold in 2007

Land Rover & Range Rover (bought in 2000), Jaguar, (bought in ’89), in 2008, Ford sold Land Rover and Jaguar to Tata of India

-- Formerly owned controlling share of Mazda of Japan (33.4%, cut in 2008 to 13%, along with another large shareholder, Sumitomo Bank)

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Chrysler,

#3 in the US with 15% of the market, sells under these brands:

Jeep--bought in 1987 as part of American Motors Corp.,

Dodge,

Chrysler,

Daimler, owner of Mercedes-Benz, which is 24% owned by Deutsche Bank, bought Chrysler in 1998. Daimler also owns Freightliner trucks and Puch mopeds. In May of 2007, Daimler sells Chrysler to Cerberus Capital Management for $7.4 billion, but most of the cash will go back into Chrysler, and Daimler will keep a 19% share and keep $950 million. Cerberus also controls GMAC, 51% sold 4/2006 by GM for $14 billion.


Discontinued car lines:

Maxwell-dropped in 1925

Chalmers-ended in 1923

DeSoto-1928-1961

Imperial

Eagle-1988-1998

Plymouth-1928-2001

Rambler-1950-1969

Nash-1916-1957

Hudson- to 1957

LaFayette-1920-1940

Willy’s-Overland-until 1955

Kaiser-Frazer—until 1955

Chrysler formerly owned 15% of Hyundai, selling it in 2004 (which owns Kia--bought in ‘98).

Hyundai’s first model sold in the USA was the Cortina, marketed by Ford

Mitsubishi Motors--Chrysler owned stake between 1971 and 1993 and sold their cars under Dodge brand in the USA, then between 2000 and 2005, Daimler-Chrysler owned up to 37%.

Mitsubishi also owned 10% of Hyundai until 2003

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THE BIG FOREIGN CAR-MAKERS


Toyota, #4 in the US with 8% of sales, sells under these brands:

Toyota,

Lexus,

and Scion

--Subaru. A 16.5% stake is owned by Toyota; this stake was previously held by Nissan from 1968 to 1999, and by GM until 2005

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Honda,

Makes the Honda and Acura brands.

It used to sell the Sterling, which was made in England by Austin-Rover, from 1987 to 1992

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Renault, was owned by the French government from after World War 2 to 1996.

It controls:

Nissan-bought in 1999 (and owns 44% of its stock, while Nissan owns 15% of Renault),

Infiniti –launched by Nissan in 1989

Samsung Motors of South Korea-70% stake bought 1998 (not sold in US)

-beginning in 1979, Renault bought a small stake in AMC-Jeep, eventually owning 47%; Renault sold that stake in 1987 to Chrysler

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BMW sells under these brands:

BMW,

Rolls Royce (bought ‘98),

Mini Cooper, bought in 1994 as part of Rover (Rover Cars used to be called British Leyland, and made the MG, Triumph, Austin Healey and Morris Minor; BMW sold off Rover to Ford in 2000, which sold it in 2008 to Tata Motors of India. BMW also kept the right to make a Triumph brand.)

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Porsche bought a controlling stake in VW in 2008, they own:

VW,

Audi, bought by VW in 1964 from Daimler-Benz

Lamborghini (bought in ’98 by Audi),

Bentley (bought in ‘98,

Porsche

SEAT in Spain-bought in 1986

Skoda of the Czech republic, bought in 1991

Bugatti bought 1998

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Daimler-Benz

Makes Mercedes-Benz

Daimler also owns Freightliner trucks and Puch mopeds.

Owned Chrysler, Dodge and Jeep from 1998 to 2007

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