Automobile industry
Hawtal Whiting, a global engineering services supplier to the auto industry, has been recognized as General Motors' "Supplier of the Year" for 1995. The company's North American president and CEO, David F. Jones, attributed the award to the firm's expertise in GM product
Automobile industry
Structural Dynamics Research Corporation (Nasdaq: SDRC) has signed a new development and licensing agreement with Nissan Motor Company, Ltd., under which SDRC's I-DEAS Master Series software will be used as the core technology for Nissan's next generation software system for automotive mechanical component design, concurrent engineering,
Automobile industry
Chrysler's financial situation is under scrutiny following Tracinda Corp.'s cash offer for the remaining 90% of outstanding shares, which could lead to significant negative impacts on the company's financial leverage, strategy, and management priorities. Duff & Phelps Credit Rating Co. has placed Chrysler'
Automobile industry
Chrysler Corp.'s debt ratings were placed on FitchAlert with negative implications after a takeover proposal by Tracinda Corp., an entity controlled by Kirk Kerkorian. The proposal values Chrysler's 415 million shares at $22.8 billion, with Tracinda offering to finance the requirement with a combination of
Automobile industry
Chrysler Corporation has launched a new satellite communication system called the Chrysler Employee Network (CEN) to provide up-to-date news and information to its employees. The system is designed to enhance teamwork and empowerment within the company, with the goal of giving employees greater access to company news on a timely
Automobile industry
Chrysler Corporation has announced its total vehicle sales for March, reporting 209,370 units, which is nine percent below the all-time record set in March 1994. However, the company saw strong sales in its main car lines, particularly the mid-size sedans and subcompacts, and continued month-to-month improvement in overall truck
Automobile industry
Ralph Hoar & Associates, a vehicle safety consulting firm, is calling on the National Highway Traffic Safety Administration (NHTSA) to immediately release the full results of its investigation into rear liftgate latches on 4 million Chrysler minivans. The investigation, which has been ongoing for 18 months, has collected compelling evidence
Automobile industry
A possible deal between Chrysler Corp. and the US government could result in the replacement of rear door latches on up to four million minivans built between 1984 and 1994. The decision comes after the US National Highway Traffic Safety Administration received 79 reports of door openings during collisions, resulting
Automobile industry
Detroit Edison, the Michigan-based electric utility company, has secured regulatory approval for 10-year, $2 billion sole supplier contracts with the Big Three automakers: Chrysler, Ford, and General Motors. This landmark agreement not only secures a significant revenue stream for the utility but also provides reduced energy costs for the automakers,
Automobile industry
Federal agencies have launched a probe into allegations that the major US automakers - General Motors, Ford, and Chrysler - have been involved in discriminatory practices in car loan lending, particularly towards minority groups. A spokesperson for Ford Motor Credit confirmed that the company is cooperating with the investigation, while
Automobile industry
The Goodyear Tire & Rubber Company has reached a significant milestone in its production of hydroelastic motor mounts, presenting its five millionth mount to the Ford Motor Company. This achievement marks a major step forward in vehicle technology, as hydroelastic mounts replace traditional solid-rubber mounts to reduce vibration and noise.
Automobile industry
Structural Dynamics Research Corporation (Nasdaq:SDRC), a leading international supplier of mechanical design automation software, product data management software, and engineering consulting services, announced that several world-class manufacturers have selected its I-DEAS Master Series and Metaphase Series 2 software products. After extensive reviews of the leading mechanical CAE/CAD/CAM
