Chrysler said Tuesday it has pulled the plug on planned production of what would have been its largest and heaviest luxury car because of expected increases in U.S. fuel efficiency standards.
Officials said the decision to scrap a production version of the Imperial — shown as a concept at the 2006 North American International Auto Show in Detroit — was made during the past two weeks.
“The decision to build the Imperial concept was always contingent upon our ability to create a profitable business case for the vehicle,” said David Elshoff, a spokesman for DaimlerChrysler AG’s Chrysler Group. “There was no way we could do that.”
He said legislation passed in the U.S. Senate that would require the auto industry to meet a combined vehicle standard of 35 miles per gallon by 2020 prompted the decision to halt production plans.
“Motorola Inc. said Tuesday it realigned its operations into three business segments, a change the company says will better suit the “evolving nature of our customers.”
The realignment will move Motorola’s “Good Technology” enterprise mobile computing software and services division from its mobile devices division, which makes the company’s wireless handsets, and creates most of its revenue.
The “good technology” division, as well as Motorola’s private networks and enterprise mobility businesses, will become a part of the company’s new “enterprise mobility solutions” division.
The enterprise division will include the company’s various radio, voice and data communications products for businesses.
The third division, “home and networks mobility,” will include the company’s video and Internet products and systems for consumers and carriers.
“The accounting firm for embattled Utah vitamin maker USANA Health Sciences Inc. has resigned, and the company insisted Tuesday that no disagreement led to the departure.
That would be unusual, corporate watchdogs say. A Securities and Exchange Commission filing hints at a dustup over publicized findings by an independent fraud investigator, but USANA maintains it patched that up with accountants Grant Thornton LLP before the firm’s departure.
USANA disclosed late Monday that Grant Thornton had resigned July 10 — then followed up two minutes later with an unexpected early announcement of record quarterly sales.
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