Transportation equipment industry
The 50th anniversary of the Torch Drive campaign in metropolitan Detroit is being celebrated with the announcement of campaign totals, set to take place at the Hyatt Regency Hubbard Ballroom in Dearborn on October 30. Nearly 500 volunteers are expected to attend the event, which will feature a Halloween-themed presentation
Transportation equipment industry
The U.S. government has announced plans to convene in San Francisco on October 29 to review the 1995 U.S.-Japan automotive trade agreement, marking the third annual bilateral review. This announcement comes on the heels of a new auto agreement between the U.S. and the Republic of
Transportation equipment industry
Markets staged a strong comeback on Wednesday, led by optimism over quarterly earnings reports from prominent companies like Ford Motor Co. and Intel Computer Corp. The Dow Jones industrial average climbed 30.64, while the Standard & Poor's 500 added 10.73. The Nasdaq composite rose 31.52.
Transportation equipment industry
LSI Logic Corp. announced a significant workforce reduction, cutting 1,200 jobs due to acquisition-related costs and global economic issues. The company also reported a net loss of $283 million for the quarter ending September 30. In related news, the Federal Trade Commission (FTC) ordered Toys R Us to cease
Transportation equipment industry
Ford Motor Co. has announced significant management changes as it prepares to take control of the No. 2 automaker at the start of next year. Peter Pestillo has been named vice chairman, and Jacques Nasser, head of auto operations, is set to become the next CEO. The company has also
Transportation equipment industry
In a bid to enhance driver convenience, Ford Motor Company will be the first automaker to offer TravelNote, a digital voice recorder built into the driver's sun visor, in conjunction with the popular HomeLink Universal Transceiver system. This innovative feature will be available as an option in the
Transportation equipment industry
The strong pound is casting a shadow over Ford's long-term investment in the UK, with the company's CEO Jac Nasser admitting that it could become cheaper to build cars abroad. The car giant has already taken steps to mitigate the effect of the strong pound, putting
Transportation equipment industry
As Ford Motor Co.'s chairman, Alex Trotman, prepares for his retirement at the end of the year, speculation surrounds the company's potential acquisition of another automotive company. Meanwhile, Intensiva Healthcare Corp. has opened a new intensive care facility in Michigan, and labor negotiations between US Airways
Transportation equipment industry
Steve Hmiel, a 11-year veteran of Ford's NASCAR team, has made the surprise move to join Dale Earnhardt Inc. (DEI) as a technical consultant, bringing with him a wealth of experience and knowledge. This shift comes after Hmiel's tenure with Jack Roush's team, where
Transportation equipment industry
JAC Nasser, the recently appointed president and CEO of Ford Motor Company, is set to earn around $10 million next year. This marks a significant departure from his humble beginnings as a financial analyst at Ford Australia in 1968. Nasser's journey has been nothing short of meteoric, with
Transportation equipment industry
As the business landscape continues to evolve, major corporations are making strategic moves that impact the market and shape the future of industry. The latest developments in the world of corporate deal-making showcase the complexities and intricacies of the business world, with companies like AlliedSignal and AMP Inc. navigating complex
Transportation equipment industry
Alan Henry Johnny Herbert will make a surprise switch to the Stewart-Ford team for the 1999 Formula One world championship after three seasons with Sauber. The 34-year-old driver from Romford has signed a two-year contract with the Milton Keynes-based team, which has struggled to achieve its targets this season. Herbert&
