Automobile industry
Cami Automotive Inc.'s joint venture plant in Ingersoll, Ont., has started producing two new economy cars, the Geo Metro and Suzuki Swift, exclusively for North America. The plant, a joint venture between General Motors of Canada Ltd. and Suzuki Motor Corp., has been assembling Suzuki-designed small cars and
Automobile industry
The United States is poised to regain its position as the world's top car producer this year, according to a forecast by Nihon Keizai Shimbun, Japan's main financial daily. This shift marks a significant change from 1980, when Japan took over the top spot from the
Automobile industry
A devastating strike by 25,000 workers from the National Union of Metalworkers of South Africa (NUMSA) has brought automobile manufacturers in South Africa to a standstill, with lost production costing the manufacturers Rand 110 million ($30 million) a day. The strike, which began on Monday, has affected all seven
Automobile industry
The National Union of Metalworkers of South Africa (NUMSA) announced on Tuesday that it will resume negotiations with automobile manufacturers on Wednesday, following a one-day-old strike that has affected all seven manufacturers in the country. The strike, which involves pay demands and employment conditions, has caused the manufacturers to close
Automobile industry
Damon Hill's provisional pole position at the German Grand Prix was derailed by the sudden upturn in performance of Gerhard Berger and Jean Alesi's Ferraris. The Williams-Renault driver, despite his initial confidence, now faces a tough competition, sharing the second row with home favorite Michael Schumacher.
Automobile industry
The fleet management industry in Australia is marked by volatility, with interest rates on leasing having shot up by about 50% over the past five months. This has led to unpredictable resale values, affecting the final catalyst for lease periods, rates, and Fringe Benefits Tax (FBT) liabilities. Amidst this uncertainty,
Automobile industry
G. Richard Wagoner Jr. has been appointed as the head of General Motors' North American Operations, marking a significant shift in the company's organizational structure. As the executive vice president and chief financial officer, Wagoner will oversee the day-to-day operations of the North American market, allowing CEO
Automobile industry
The General Motors Corporation's board meeting in New York is expected to bring significant changes to the company's leadership, marking the most substantial personnel moves since 1992. G. Richard Wagoner, the company's 41-year-old chief financial officer and head of worldwide purchasing, is likely to
Automobile industry
Chrysler Corp. dominated the profitability charts among North American auto makers in 1993, outpacing its competitors by a significant margin. The car manufacturer's strong sales of new models and improved productivity led to the company's position as the most profitable auto maker in the region. Chrysler&
Automobile industry
American passenger cars sold in Japan have more than doubled in the first five months of this year, compared with the same period last year, despite an overall decline in car sales. While the sales of about 35,000 American-made cars in Japan pale in comparison to the 1.5
Automobile industry
In a peculiar phenomenon, BMW customers in Germany are opting for a more subtle approach to luxury, opting to conceal the model identification badges on their new 7-series flagship models. This unexpected trend has caught the attention of BMW, which has discovered that German executives are shying away from flaunting
Automobile industry
Chinese state officials persist in using public funds to purchase high-end imported vehicles, defying the government's ban on such expenditures. The practice has seen a significant increase in the first five months of 1994, with a staggering 14.5 billion yuan ($1.7 billion) allocated for the purchase
