Automobile industry
Ford Motor Company's sudden decision to extend the shutdown of its Windstar mini-van and Escort small car factories has sent shockwaves through the automotive industry, with investors voicing concerns that auto sales may be flagging. The news comes on the heels of Chrysler Corporation's announcement that
Automobile industry
A standoff between General Motors (G.M.) and the United Automobile Workers (UAW) union has brought the nation's auto industry to a standstill, with 6,800 workers at the AC Delco East complex in Flint, Michigan, walking out on strike. The workers, who make spark plugs, filters, and
Automobile industry
Despite efforts by car manufacturers to make their vehicles safer against theft, the 1984 Oldsmobile Cutlass Supreme has remained a highly sought-after model for the third consecutive year. According to a study by CCC Information Services, the Cutlass Supreme was the most frequently stolen vehicle in 1994, followed closely by
Automobile industry
Ford Motor Company has announced plans to implement a flexible benefits program for its U.S. salaried employees, offering a range of choices to meet their changing needs and circumstances. The program, set to launch on June 1, 1995, aims to provide employees with more control over their benefits while
Automobile industry
Ford, the leading American automaker, commenced the New Year on a high note with record-breaking sales in 1994. The company's total vehicle volume for the year reached its highest level since 1988, eclipsing the previous record by a significant margin. Combined car and truck sales rose by seven
Automobile industry
The 1996 Ford Taurus sedan marks a significant milestone in the automotive industry, boasting a multitude of innovative features and design elements that set a new standard for the sector. As the next-generation Taurus is previewed at the North American International Auto Show in Detroit, industry experts and car enthusiasts
Automobile industry
The Australian car market is gearing up for a major showdown in 1995, with sales projected to reach 615,000 to 618,000 units, the third best total in history. As interest rates climb and consumer confidence wavers, the industry is turning to "do deals" to retain market
Automobile industry
A mixed bag of economic news emerged from various regions around the world, with some sectors experiencing growth and others struggling. In Japan, car sales saw a significant increase, while China's steel output reached record levels. In contrast, Italian unemployment rose, and African economies showed moderate growth. Key
Automobile industry
Alex Trotman, chairman of the Ford Motor Company, warned that the European car industry, which is slowly recovering from recession, will undergo significant restructuring and consolidation in response to increasing global competition. Over-capacity and new manufacturers emerging in countries like China will force European automakers to adapt and become more
Automobile industry
General Motors Corp. and LTV Steel Co. may be inching closer to a deal on price hikes for steel, a development that could impact automaker's bottom line. A report in the November 30 issue of American Metal Market cited GM sources indicating the automaker would need to pay
Automobile industry
The introduction of Skoda's new Felicia car at the beginning of December marks a significant milestone for the Czech car manufacturer and its joint venture with Volkswagen. The Felicia replaces Skoda's main model, the Favorit, which had limitations compared to its Western counterparts. With plans to
Automobile industry
This year has seen the biggest influx of new car models in Australian history, coinciding with the country's emergence from recession and a vehicle market that is currently 50,000 units ahead of 1993. The sales growth is largely driven by the six-cylinder family car segment, with prestige
