Transportation equipment industry
As Ford scoops up Volvo's car division, the global automobile industry is faced with a new reality where size matters. The sudden consolidation will have far-reaching consequences, particularly for smaller players like Fiat, Mitsubishi, and Nissan Motor. With the creation of DaimlerChrysler last year, the goalposts have shifted,
Transportation equipment industry
Ford Motor Co. has announced an agreement to acquire the car operations of AB Volvo for $6.45 billion, outbidding several other major automakers. The deal, subject to regulatory and shareholder approval, marks the auto industry's second giant merger in the past year. Ford's President and
Transportation equipment industry
Strong growth in services and robust US sales drove several major corporations to report higher fourth-quarter profits, despite a few setbacks. SBC Communications Corp., Ford Motor Co., and Southwest Airlines Co. all saw significant increases in earnings, while companies like Exxon Corp. and Continental Airlines faced challenges in the quarter.
Transportation equipment industry
The automotive industry is witnessing a remarkable surge in earnings, with General Motors reporting record fourth-quarter earnings of $1.8 billion. This feat is attributed to the company's strong vehicle sales and cost-cutting measures. Additionally, labor disputes and restructuring efforts are contributing to the industry's overall
Transportation equipment industry
As the automotive industry grapples with unprecedented challenges, General Motors is shedding 2,500 jobs with the shutdown of Buick City, while Mitsubishi and Peugeot form a partnership on the revolutionary GDI engine. Meanwhile, Ford is expanding its digital presence with an interactive website, and the industry's major
Transportation equipment industry
Qwest Communications International Inc. today announced a significant partnership with Ford Motor Company, where Qwest will provide Ford with domestic and international communications services. The contract includes the provision of "800" dial-up services for remote access to the Ford company network, as well as frame relay and secure
Ford Motor Co.
As the 1998 car and light-truck sales come to a close, DaimlerChrysler A.G. and the Ford Motor Company have surpassed analysts' predictions with a strong finish, driven by robust demand for trucks and deep discounts. Key Takeaways: * DaimlerChrysler's Chrysler car and light-truck sales rose 6.9
Ford Motor Co.
General Bearing Corporation (Nasdaq: GNRL) has reached significant agreements with several major companies in the automotive and industrial sectors. The agreements involve the production of driveline components for Ford Motor Company (NYSE: F), as well as contracts with major producers of heavy-duty truck trailers, Trailmobile Corporation and Stoughton Trailers, Inc.
Transportation equipment industry
South Korea's financially struggling Kia Motors Corporation will reduce its capital by 90% and then increase it by 3,863% next year, setting the stage for the Hyundai Group to acquire a controlling 51% stake. The capital reduction will be achieved through a 10-to-1 share consolidation, reducing the
Transportation equipment industry
In the past, Ford cars were generally considered to be decent, but not exactly exciting. However, in recent years, the company has undergone a significant transformation, producing cars that are not only reliable but also stylish and refined. The Ford Focus, in particular, has been praised by critics, with Autocar
Transportation equipment industry
A division of Ford Motor Co. is under scrutiny by 21 states for allegedly allowing dealers to overcharge customers who terminated their car leases early. The states claim that Ford Motor Credit withheld information about the payoff amount owed to terminate a lease before its expiration, resulting in some consumers
Transportation equipment industry
Ford's luxury car division, Jaguar, is being considered to make a return to the Formula One racing scene in 2001, sources close to the company have revealed. This move would be part of an ambitious marketing exercise by Ford to maintain its presence in the high-profile sport, where
