Automotive industry
As the financial struggles of Ford and General Motors come into sharp focus, a broader narrative about the decline of economic security for American workers emerges. Standard and Poor's recent downgrade of both companies' bonds highlights the transience of job security in a world where companies prioritize
Automotive industry
The shift in buying patterns among North American SUV owners is having a profound impact on the automotive industry. Many SUV owners, like Michael Lewitt, are trading in their gas-guzzling vehicles for more fuel-efficient options such as hybrid SUVs. This change in consumer behavior has severely eroded profits at General
Transportation equipment industry
As the global economy struggles to regain momentum, the auto industry is anticipating a challenging year ahead. Despite a strong finish in 2001, driven by low-cost financing deals, the industry recorded sales of approximately 17.1 million vehicles, a slight decrease from the record 17.3 million in sales a
Transportation equipment industry
The major Wall Street indices showed strength at the midday session on Thursday, January 3, 2002, driven by a late-morning rally in semiconductor shares. Despite discouraging unemployment news, the Dow Jones industrial average increased by 64.00 points, or 0.64 percent, to 10,137.40, while the tech-heavy Nasdaq
Transportation equipment industry
Jaguar, once a struggling luxury brand, has undergone a significant transformation under Ford's ownership, embracing mass-volume production and expanding its range with the upcoming Baby Jag. This bold move has caught many off guard, as analysts and industry experts had predicted a more cautious approach from the company.
Transportation equipment industry
Despite a struggling US economy and overall downturn in US car sales, Asian car brands, such as Hyundai, Suzuki, and Mitsubishi, have experienced double-digit sales increases while Detroit's Big Three, General Motors, Ford, and DaimlerChrysler, have seen declines in sales. Hyundai, up 49 percent, and Suzuki, up 22
Transportation equipment industry
The year 2000 was a tumultuous one for the automotive industry, marked by recalls, investigations, and a series of mishaps that left manufacturers reeling. The crisis began with the Firestone tire recall, as Ford's Explorer sport-utility vehicles were found to be equipped with faulty Firestone tires that were
Transportation equipment industry
The Big Three auto companies, namely Ford, DaimlerChrysler, and General Motors, have joined forces with Bell & Howell Co. to create a new industry portal called the Original Equipment Connection, or "OE Connection." This platform aims to link dealers, Original Equipment Manufacturers (OEMs), and repair shops for the
Transportation equipment industry
Visteon Corporation, a leading full-service supplier, has announced a contract to develop and supply its MACH(R) Satellite Digital Audio Radio System for a future Ford Motor Company vehicle. This partnership marks a strategic collaboration with Sirius Satellite Radio to provide satellite radio broadcasts, including up to 100 channels of
Transportation equipment industry
Automotive manufacturers Ford, General Motors, and DaimlerChrysler are joining forces with Bell & Howell Corporation to launch an internet-based purchasing service for auto repair shops to buy parts from original equipment manufacturers. The new company, built on a limited liability framework, aims to improve the accuracy and efficiency of parts
Transportation equipment industry
Mack-Cali Realty Corporation, a fully-integrated real estate investment trust, has announced the signing of six leases totaling over 260,000 square feet at its New Jersey office properties. The tenants include Ford Motor Company, Avaya, Inc., Aspen Technology, Inc., Allstate Insurance, Lucent Technologies, Inc., and GEAC Computers, Inc. These leases
Transportation equipment industry
Automakers General Motors (GM) and Ford will share an equity stake worth $1.23 billion in Commerce One as part of its technology deal with Covisint, an internet vehicle parts exchange formed by several carmakers, including GM, Ford, DaimlerChrysler, Nissan, and Renault. The agreement will see Commerce One provide the
