Automobile industry
General Motors Corporation has made significant progress in strengthening its North American automotive operations (NAO) and improving its overall financial condition, largely as anticipated by Duff & Phelps Credit Rating Co. (DCR). NAO's new vehicles have gained good market penetration and customer acceptance, and have improved NAO'
Automobile industry
Walbro Automotive has been chosen by Chrysler Corporation to develop the fuel storage and delivery system for an upcoming vehicle. The project will be spearheaded by Walbro's newly-expanded Systems Engineering Center in Auburn Hills, Michigan, which will oversee the design, development, and testing of the fuel system components,
Automobile industry
Effective January 1, 1996, General Motors Corporation announced significant changes to its governance and management structure. John G. Smale, who had held the position of non-executive chairman since November 1992, will relinquish this role and become chairman of the newly-established Executive Committee of the Board of Directors. John F. Smith,
Automobile industry
South Carolina's economy has consistently outpaced the national average, despite recent layoffs in the defense industry and economic struggles in traditional sectors such as textiles and apparel. According to the First Union Gross State Product (GSP), a newly released inflation-adjusted measure of economic activity, South Carolina's
Automobile industry
Ford Motor Company is working to introduce a new air bag technology that will help protect occupants in side-impact collisions. This technology, a combination head-and-chest air bag, is expected to be introduced across all Ford cars and light trucks in Europe and North America within the next two years. The
Automobile industry
Tracinda Corporation, the largest shareholder of Chrysler Corporation, met with Chrysler's Board of Directors to discuss the company's corporate governance procedures and Board membership. Tracinda, which owns 51.9 million Chrysler shares, delivered a letter to Chrysler and filed it as an amendment to its Schedule
Automobile industry
AK Steel Corporation, a leading steel producer in the United States, has been recognized for its exceptional quality and performance by Nissan Motor Manufacturing Corporation U.S.A. for the fourth consecutive year. The company has earned the prestigious Nissan Quality Master Award, scoring an impressive 95.5 points out
Automobile industry
Ford Motor Company, through its Quality Care and Credit divisions, has announced its sponsorship of Robert Yates Racing for the 1996 NASCAR Winston Cup season. The partnership will see the #88 Ford Quality Care/Ford Credit Racing Thunderbird, driven by Dale Jarrett, compete alongside the #28 Thunderbird, driven by Ernie
Automobile industry
Three supplier companies, Bryan Custom Plastics, Philips Semiconductors, and Stanhope Products Company, have been recognized by Ford Motor Company for their exceptional quality standards. The Total Quality Excellence (TQE) Award is Ford's highest recognition for supplier quality, and the three companies join 41 other suppliers who have achieved
Automobile industry
Chrysler Corporation posted a strong performance in October, with total car and truck sales of 166,823 units, surpassing last year's sales. The company's record-breaking sales were fueled by the success of its new 1996 minivan models and the Dodge Ram pickup, which has now set
Automobile industry
As part of its efforts to provide customers with a wider range of fuel options, Ford has announced that four Indiana dealerships will soon be selling alternative fuel vehicles. Chuck Callahan Ford, D. Patrick Inc., Jordan Ford, and Lakeshore Ford Mercury, Inc. will offer Ford vehicles that run on methanol,
Automobile industry
STRATTEC Security Corporation, a public company established in February 1995, has reported its fiscal first quarter results for the period ending October 1, 1995. The company's net sales increased by 23% to $27.8 million compared to $22.6 million in the same period of the previous year.
