Attempts To Unseat Ford As Lead Police Car Manufacturer and Other Automotive Industry News
City of Industry, CA, May 14, 2003 (financialnewsusa.com via COMTEX) -- Two
automakers are attempting to unseat Ford Motor Co. (NYSE: F) as the leading
maker of police cars. General Motors Corp. (NYSE: GM) and DaimlerChrysler AG's
Chrysler Group are making bullish attempts to break into the market, long
dominated by Ford's Crown Victoria. Industry watchers estimate police fleet
business accounts for 75,000 to 80,000 sales a year. Ford's Police Interceptor,
as the Crown Victoria is known, commands 60,000 of those annually. GM hopes to
grab about 6,000 in sales with its rear-wheel drive Chevy Tahoe, due out in
2004. Bruce Wiley, program manager for GM's law enforcement unit, said the Tahoe
will be the first sport utility vehicle designed for high-speed chases.
Shares of Sirius Satellite Radio Inc. (NasdaqNM: SIRI) jumped 16% Tuesday after
the company announced that Ford Motor Co. will carry Sirius' equipment and
service in cars coming out this fall. Sirius' digital service, which is largely
commercial-free and can be picked up across the country, will be an optional
feature on 10 different Ford, Lincoln and Mercury 2004 models. Ford plans later
announcements about putting Sirius in Mazda, Land Rover, Volvo, Jaguar and Aston
Martin cars. Sirius already can be found in BMW AG and DaimlerChrysler AG cars.
The New York-based company is fighting for turf with Washington, D.C.-based XM
Satellite Radio Holdings Inc. (NasdaqNM: XMSR), which has exclusive deals with
General Motors Corp.
Environmental Solutions Worldwide, Inc. (ESW) (OTCBB: ESWW), is proud to
announce that it has become the first Company to receive a technology
verification certification from Environmental Technology Verification (ETV)
Canada Inc for a Diesel Oxidation Catalyst (DOC) converter. ESW's proprietary
High Performance DOC achieved a reduction of Particulate (PM-10) of 66.7% by
weighted average. There are currently in excess of five million diesel utility
engines below 50hp/37kW in use across North America alone. For example, these
types of diesel engines power construction equipment, small generators and
refrigerated transport trailer/rail cars. This is the market that the
application scaleable Quiet Cat(TM) diesel catalyst/muffler is designed for. ESW
has been working with ETV Canada to have its Quiet Cat(TM) utility engine high
performance catalyst/muffler's Particulate reduction verified within the ETV
program. The verification process involved a full emission data review on behalf
of ETV Canada by a third party emission lab.
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