Transportation equipment industry
Several major corporations have recently made significant appointments and promotions in the United States. At Acclaim Entertainment Inc. in New York, Bill Sorenson has been named chief financial officer, filling a vacant position. Meanwhile, Deborah Stewart Coleman has taken on the dual roles of chief executive, president, and chief operating
Transportation equipment industry
Gowrings, a UK-based mini-conglomerate operating Burger King franchises and Ford motor dealerships, reported a 39% rise in sales from its restaurant division in the first half of the year, driven by the opening of eight new Burger King outlets in Birmingham. The group's total Burger King franchises are
Transportation equipment industry
As the demand for sport utility vehicles (SUVs) shows signs of slowing down, three major auto makers - Ford, General Motors (G.M.), and Nissan - are introducing a new class of vehicles called sport utility pickups. These vehicles combine the passenger compartment of a four-door SUV with a short,
Transportation equipment industry
As the gaming industry gears up for the upcoming release of Sega's Dreamcast system, Sony and Nintendo are taking a defensive move by cutting the prices of their consoles to $99. This strategic pricing move aims to make it more accessible for consumers to buy a console, particularly
Transportation equipment industry
yet2.com, a Cambridge-based limited liability company, has announced the establishment of a global forum for proprietary technology exchange on the Internet. This innovative platform aims to provide a vast opportunity for users to purchase some of the world's most valuable technologies, streamlining research and development efforts and
Transportation equipment industry
The major stock indexes witnessed a downturn, plummeting to their lowest levels due to heightened fears of an impending interest rate boost. This morning's strong jobless report further exacerbated the situation, causing the Dow industrials to sharply decline. The Dow dropped by nearly 80 points, reaching a value
Transportation equipment industry
In a significant move, Ford has finalized its $65 million buyout of Stewart Grand Prix, with plans to rebrand the team as Jaguar for the 2000 season. Key figures from Ford and Stewart Grand Prix will attend the Frankfurt Motor Show to announce the change, marking a new era in
Transportation equipment industry
Damon Hill, the current driver for the Jordan team, walked away from the German Grand Prix after a disappointing 14 laps, with reports suggesting that this could be his final race. Hill's decision seems to have been influenced by the feeling that he is too old for the
Transportation equipment industry
Delphi Automotive, the largest independent automotive parts supplier, has reported profits of $394m after-tax in the three months to end-June, narrowly beating Wall Street's consensus estimate of 68 cents in earnings per share. The result is a significant improvement from the previous year's strike-impacted profits, with
Transportation equipment industry
Sonic Automotive, Inc., one of the leading automotive retailers in the United States, has announced the acquisition of several dealerships in key markets, further solidifying its position in the industry. The company has entered into definitive agreements to acquire the Freeland Automotive Group in southwest Florida, Integrity Dodge in Las
Transportation equipment industry
CMS Energy Corporation's independent power production unit, CMS Generation Co., has successfully brought the first 160-megawatt phase of the Dearborn Industrial Generation plant online. The plant, located on the site of the Rouge Steel Company and Ford Motor Company complex in Dearborn, Michigan, will provide electricity and steam
Transportation equipment industry
CMS Energy Corporation's CMS Generation Co. announced the commercial operation of the first 160-megawatt phase of the Dearborn Industrial Generation plant on July 12. The plant, located on the site of the former Rouge Steel Company and Ford Motor Company complex in Dearborn, Michigan, is expected to provide
