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Rollover Ratings: Less Than One Third of Vehicles Got Best Rating

Aired July 15, 2003 - 06:44   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


CAROL COSTELLO, CNN ANCHOR: Time for a little more business buzz right now. A new government study finds most cars and trucks do not meet the highest rollover safety ratings.
Carrie Lee, live in New York, has more details for us.

Which cars and trucks are we talking about?

CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, Carol, there were about 52 tested and just 17 of the models actually got five stars. That's the highest rating. You go from one to five stars, five being the highest. Less than a third of cars and trucks tested for rollovers got that highest rating. This is all according to the National Highway Traffic Safety Administration.

The 2003 Toyota Tacoma, and this is an extended cab pickup truck, actually received the worst rollover rating of all of the vehicles tested. It got only two stars and that means that it has a 40 percent propensity for rollover.

Now among the few five star ratings, the Buick LeSabre, the Chrysler Concord, the Ford Mustang and the Mercedes Benz E320. Most of the vehicles received four stars. So not bad, but five stars is the highest rating and we just got a couple of those.

Carol, back to you.

COSTELLO: Thanks for the warning, though.

Hey, a couple of earnings reports expected out today. What will investors be watching out for?

LEE: A lot of big names, Carol. We'll hear from J&J, which is a Dow component, as well as Merrill Lynch this morning. Both expect earnings to come in higher than a year ago. Tonight after the closing bell, Intel is going to be the big story. Expected to see post revenue growth for the first time since the year 2000. We also will hear from Alan Greenspan, Fed Chief, at about 10:00 a.m. Eastern talking about the economy and retail sales for the month of June, so a lot happening.

But overall, futures look good. So it looks like we could see a higher open after decent gains yesterday. The Dow, the S&P up about one half of a percent. Tech leading the way, once again, yesterday up over 1 percent, Carol, here at the Nasdaq.

COSTELLO: All right. Carrie Lee live from the Nasdaq site in New York City.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com




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Aired July 15, 2003 - 06:44   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little more business buzz right now. A new government study finds most cars and trucks do not meet the highest rollover safety ratings.
Carrie Lee, live in New York, has more details for us.

Which cars and trucks are we talking about?

CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, Carol, there were about 52 tested and just 17 of the models actually got five stars. That's the highest rating. You go from one to five stars, five being the highest. Less than a third of cars and trucks tested for rollovers got that highest rating. This is all according to the National Highway Traffic Safety Administration.

The 2003 Toyota Tacoma, and this is an extended cab pickup truck, actually received the worst rollover rating of all of the vehicles tested. It got only two stars and that means that it has a 40 percent propensity for rollover.

Now among the few five star ratings, the Buick LeSabre, the Chrysler Concord, the Ford Mustang and the Mercedes Benz E320. Most of the vehicles received four stars. So not bad, but five stars is the highest rating and we just got a couple of those.

Carol, back to you.

COSTELLO: Thanks for the warning, though.

Hey, a couple of earnings reports expected out today. What will investors be watching out for?

LEE: A lot of big names, Carol. We'll hear from J&J, which is a Dow component, as well as Merrill Lynch this morning. Both expect earnings to come in higher than a year ago. Tonight after the closing bell, Intel is going to be the big story. Expected to see post revenue growth for the first time since the year 2000. We also will hear from Alan Greenspan, Fed Chief, at about 10:00 a.m. Eastern talking about the economy and retail sales for the month of June, so a lot happening.

But overall, futures look good. So it looks like we could see a higher open after decent gains yesterday. The Dow, the S&P up about one half of a percent. Tech leading the way, once again, yesterday up over 1 percent, Carol, here at the Nasdaq.

COSTELLO: All right. Carrie Lee live from the Nasdaq site in New York City.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com




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