Transportation equipment industry
Ford Motor Co.'s record-breaking bond offering of $8.6 billion has eclipsed AT&T Corp.'s $8 billion deal in less than four months. The deal, led by global coordinator Bear Stearns & Co. and co-managers Merrill Lynch & Co. and Salomon Smith Barney, saw participation
Transportation equipment industry
The soaring cost of prescription drugs has become a major healthcare issue in national labor talks between the United Automobile Workers (UAW) union and major auto manufacturers, General Motors, Ford Motor, and DaimlerChrysler. The complex issue is not only affecting the livelihoods of aging auto workers and retirees but also
Transportation equipment industry
The automotive industry is experiencing significant shifts, from the introduction of new models to the adoption of innovative technologies and sales strategies. General Motors' Saturn division is entering the midsize sedan and wagon segment with the L-Series, positioned to compete with popular models like the Honda Accord, Ford Taurus,
Transportation equipment industry
Amerigon Inc. has undergone significant changes in its leadership structure, with Richard A. Weisbart being promoted to president and chief executive officer. This move follows the private placement of $9 million of convertible preferred shares, which has enabled the company to expand its operations and development of proprietary products for
Transportation equipment industry
Arriva, the UK-based public transport company, has taken a significant step towards a major break-up by selling its car leasing division to General Motors of the US for £226 million in cash. The deal also includes £278 million of debt, which reduces Arriva's borrowings to £200 million and
Transportation equipment industry
As General Motors, Ford Motor, and DaimlerChrysler prepare to begin talks with the United Automobile Workers (UAW) next week, it appears increasingly likely that negotiators will seek a national labor contract lasting four or more years, the longest such deal since the 1950s. This development comes after last summer'
Transportation equipment industry
A recent survey of 28,000 members of the Consumers' Association (CA) has revealed that the modest Proton car is more reliable than its expensive luxury counterparts. The survey, which evaluated the reliability of various car makes, found that Proton, along with Honda, Mazda, and Toyota, was rated as
Transportation equipment industry
A recent survey conducted by the Consumer Association through its Which? Car 1999 publication has raised eyebrows among car enthusiasts, as it reveals that some of the biggest-selling car manufacturers are also the least reliable. The survey assesses the reliability of various car brands based on breakdowns, faults, and problems
Transportation equipment industry
Ford's acquisition of Volvo has marked the beginning of a new era for the Premier Automotive Group, which now encompasses Volvo, Jaguar, Lincoln, and Aston Martin. The Swedish carmaker's 400,000 cars-a-year production will be integrated with Ford's, with initial synergies focusing on eliminating
Transportation equipment industry
The motor industry's first century is coming to a close, and consolidation is emerging as its most pressing issue. Renault's recent deal with Nissan has set the stage for further mergers and acquisitions, particularly within Japan and Europe. Analysts expect the spotlight to soon fall on
Transportation equipment industry
The Mazda Motor Corporation has reported its first annual profit in six years, marking its best results in 14 years. The Japanese car maker, controlled by the Ford Motor Company, earned 38.7 billion yen, or about $321 million, in the fiscal year that ended on March 31. The company
Transportation equipment industry
Companies in Georgia, including Ford Motor Co., Sysco Corp., SCANA Corp., and Syntellect Inc., have made announcements regarding job openings and mergers. The Hapeville assembly plant of Ford Motor Co., which has been closed for the past six years, is now accepting applications, with over 1,000 people having completed
