Autos.Climate: The environment for Valley auto dealers largely mirrored the conditions affecting the Big 3 automakers in general, which were dealt with massive layoffs, a slowed production cycle and skyrocketing gas prices. As a result, fewer people purchased sports utility vehicles sports utility vehicle sport n → véhicule m de loisirs (de type SUV) sports utility vehicle n (esp US) → fuoristrada m inv and downsized to smaller cars. Despite those conditions, though, some luxury dealers reported minimal impact from the slowdown--Bob Smith BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. in Calabasas, for example, reported revenues of $93 million as of June 30 while Vista Lexus in Woodland Hills brought in $33.5 million. The year brought a handful of new car-related projects including a 20,000-square-foot Car-Max location that opened in November at Alameda Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. and Flower streets in Burbank. In Glendale, several dealerships on the Brand Boulevard of Cars received makeovers. However, it also saw the loss of a longtime family-owned dealer, Auto Stiegler Mercedes-Benz in Encino, which was purchased in August by a competing car dealer. Biggest News: Detroit's woes and the cost of fuel made motorists think twice about buying that new SUV, hurting local dealers. Companies in the News: The Big 3 automakers and Galpin Motors, which opened a new aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. auto sports division Sports Division was one of the biggest sports retailers in the United Kingdom during the 1990s. In 1998 it was sold to its main competitor, JJB Sports for approximately £295 Million. It was set up by Sir Tom Hunter in 1984, to sell trainers, see article about him for more information. in March. People in the News: Stephen Smythe, the 11-year president of Mercedes-Benz of Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , and investor David L. Peterson of Calabasas Motorcars, who purchased Auto Stiegler Mercedes-Benz in Encino. |
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