Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Giraffe who wrote (22557)	11/3/1998 9:16:00 PM
From: Mark Bartlett	Respond to of 116972

Giraffe, With a name like yours, I thought you would just stick your long neck in the helicopter door and say "hi" .... with both of your feet firmly planted on the ground. MB

To: Giraffe who wrote (22557)	11/3/1998 9:42:00 PM
From: Giraffe	Respond to of 116972

''It is truly amazing,'' Credit Suisse First Boston analyst Nicholas Colas said, noting many people who refinanced their mortgages have been buying cars and other goods with the freed-up cash. ''It's not supposed to be this way.'' Automakers have strong sales By Ben Klayman DETROIT, Nov 3 (Reuters) - Chrysler Corp., Toyota Motor Corp., Honda Motor Co. and other automakers on Tuesday reported record sales for October, leaving analysts impressed with the ongoing strength in the nation's auto market. Chrysler said sales jumped 20 percent and hinted strong demand will continue as it heads toward completing its $42 billion merger with Germany's Daimler-Benz AG. Separately, Japan's Toyota and Honda, and Germany's BMW AG, each said they had record Octobers. Another German automaker, Volkswagen AG, said its sales in the United States last month were the strongest since 1985, thanks to its new Beetle and Passat cars. ''It is truly amazing,'' Credit Suisse First Boston analyst Nicholas Colas said, noting many people who refinanced their mortgages have been buying cars and other goods with the freed-up cash. ''It's not supposed to be this way.'' Colas said the strong October has raised expectations that industrywide sales could top 16 million vehicles this year. ''Consumers seem to be looking beyond the recent market turmoil with optimism,'' Toyota Executive Vice President Yale Gieszl said in a statement. Chrysler, the nation's third-biggest automaker, said sales of U.S.-built cars and trucks rose to 226,179 last month, its fourth record in the last six months, from 188,263 a year earlier. Sales of pickup trucks, sport-utility vehicles and minivans rose 17 percent while car sales jumped 27 percent. The results broke an October record set in 1996. Chrysler's year-ago results were held back by model changeovers. ''Sales continue to be very strong, and consumers don't appear to be reading consumer confidence reports,'' James Holden, Chrysler's executive vice president of sales and marketing, said in a statement. General Motors Corp. and Ford Motor Co. are expected to report sales on Wednesday. Toyota's sales rose 27 percent, surpassing some analysts' forecasts. The biggest Japanese automaker said Camry and Corolla sales rose 34 percent and 31 percent, respectively, while the Sienna minivan and RAV4 sport-utility jumped 63 percent and 26 percent. Sales of its full-size pickup trucks fell 3 percent. Toyota is replacing the trucks with all-new models in December. Honda's sales rose 9.5 percent last month, driven by record sales of the CR-V sport-utility and its Civic compact car. BMW's sales rose 10 percent on strong sales of its 3-Series sedans and Land Rover sport-utility veicles. At Volkswagen, sales rose 68.5 percent while cars rose 70.7 percent. VW sold 6,109 new Beetles last month and sales of its redesigned Passat jumped 179 percent. VW's Audi unit saw sales rise 137 percent for its best October since 1986. Elsewhere, Mitsubishi Motors Corp. said sales rose 12 percent, Nissan Motor Co. said sales fell 6.8 percent and Kia Motors Corp.'s sales rose 46 percent.