Automobile industry
The Spirit of Detroit Thunderfest, a non-profit organization, announced that Chrysler Corporation has agreed to become the Title Sponsor of the Detroit APBA Gold Cup Hydroplane Races for the next three years. This partnership includes Chrysler as the sole Title and Presenting Sponsor for the prestigious powerboat competition in 1996,
Automobile industry
Delphi Packard Electric Systems' international business unit has secured a quality achievement award from Subaru-Isuzu Automotive, Inc. (SIA) for the second consecutive year, marking a significant endorsement of the company's commitment to delivering high-quality products. The award recognizes Delphi Packard Electric's exceptional performance in supplying
Automobile industry
In a major restructuring effort, General Motors has revamped its Corporate Communications Staff, naming new directors to oversee key areas of communications. Effective immediately, Andrea C. Clark will lead the team in developing communications strategies, managing issues, and integrating initiatives to enhance the company's image. Karen L. Healy
Automobile industry
Toyota Motor Corporation today announced its financial results for fiscal 1995, covering a nine-month term from July 1, 1994 to March 31, 1995. The company reported consolidated net sales of 8.12 trillion yen, with a net income of 131.9 billion yen and net income per share of 35.
Automobile industry
The Clinton Administration has escalated a longstanding trade dispute with Japan by imposing a 100 percent tariff on 13 luxury car models, including flagship products from Toyota, Nissan, and Honda. The tariffs, the largest ever imposed by the United States on any trading partner, are set to take effect at
Automobile industry
Debuting a first in the truck industry, Chevrolet and GMC Truck have introduced the all-new Easy Access System for both full-size and compact extended cab pickup models. This innovative panel, located behind the front door, swings open to allow quick and easy access to the rear interior compartment for both
Automobile industry
Universal Standard Medical Laboratories, Inc. announced that its subsidiary, Universal Standard Managed Care, Inc., has been chosen by Ford Motor Company and the United Auto Workers (UAW) to administer the comprehensive Home Medical Services Program. This multi-year contract, set to begin on June 1, 1995, will cover approximately 200,000
Automobile industry
Logica, a leading international computer consulting and software company, has collaborated with the Ford Motor Company to create a global purchasing system, Ford Worldwide Integrated Purchasing System (WIPS). This system enables Ford to streamline its purchasing operations, reducing costs and improving productivity by analyzing each component from design to manufacturing,
Automobile industry
Chrysler Corporation's sales figures for April came in significantly higher than expected, with a total of 166,396 vehicles sold, an 18 percent decrease from the record-breaking performance of the previous year. The company's Dodge and Plymouth divisions saw a notable increase in sales, with the
Automobile industry
General Motors' dealers in the United States reported a decline in passenger car sales, with total passenger car deliveries down 10% compared to 1994. The decline was primarily in fleet sales, which were down 18%, with combined fleet deliveries at Pontiac, Buick, and Cadillac down 39% from last year.
Automobile industry
Yesterday, at the Hyatt Regency in Dearborn, Mich., seven vehicles were honored at the second annual Inside Automotives magazine's Automotive Interior of the Year awards banquet, held in conjunction with the Inside Automotives magazine/American Society of Body Engineers (IA/ASBE '95) Conference and Exhibition. The awards
Automobile industry
General Motors Corporation (GM) has announced that it will begin a tender offer on April 25, 1995, to purchase for cash any and all of its outstanding Series B, Series D, and Series G preference stock. The company aims to reduce its dividend requirements and annual administrative expenses associated with
