Transportation equipment industry
Major automotive industry players are investing in advanced manufacturing processes and sustainable practices. In this article, we highlight significant developments from various sources, including new production lines, environmental initiatives, and benchmarking exercises. Key Takeaways: * In Saltillo, Mexico, Grob Werke is integrating the entire machining process for DaimlerChrysler's new
Transportation equipment industry
US auto sales slowed in June, defying expectations of a 1.4% decline. Instead, industrywide sales rose 0.2% to 1.61 million cars and light trucks, according to the Autodata Corporation. Monthly records by Toyota Motor, Honda Motor, and gains from other overseas makers, including Volkswagen, helped surprise analysts.
Transportation equipment industry
The 2000 Pepsi 400, a NASCAR Cup Series race, took place at Daytona International Speedway on July 23, 2000. Jeff Burton secured the first-place finish, earning $152,450. The event was marked by a thrilling competition, with several notable drivers and statistics. Key Takeaways: * Jeff Burton secured the top spot,
Transportation equipment industry
The shift in South Korea's automotive industry marks a remarkable reversal for foreign carmakers, which had seen their involvement decline in recent years. DaimlerChrysler's recent purchase of a 10% stake in Hyundai Motor for $428 million may be the first step in becoming the largest shareholder
Transportation equipment industry
Ford executives, led by department manager Ed Kemmerling, recently visited Federal-Mogul Corporation's Greenville, Michigan, Powertrain Plant to benchmark constraint management practices and learn from the facility's expertise in lean manufacturing. The visit was part of Ford's five-day Production Systems Boot Camp program, which aims
Transportation equipment industry
Jeremy Mayfield's momentum paid off on the final lap, as he passed Dale Earnhardt to take the win in the Pocono 500. Mayfield's Ford Taurus crossed the finish line 0.581 seconds ahead of Dale Jarrett's Ford, marking his second victory of the season
Transportation equipment industry
As part of its continued efforts to restructure and reorganize its business, Ford Motor Company announced today that it will distribute approximately 0.130933 shares of Visteon Corporation for every share of Ford common or Class B stock held on June 12. This move represents Ford's 100 percent
Transportation equipment industry
Plumtree Software, a leading provider of corporate portal software, has closed a $23 million mezzanine round of financing from strategic customer investors Ford and Procter & Gamble, along with institutional investors Janus Venture, Putnam, Aman Ventures, and Sybat. This significant investment follows agreements by Ford and Procter & Gamble to
Transportation equipment industry
Federal-Mogul Corporation, a leading manufacturer of automotive parts, has appointed G. Michael Lynch as its new executive vice president and chief financial officer. Lynch, a seasoned financial executive with a 29-year career at Ford Motor Company, brings extensive experience in financial management and a deep understanding of the automotive industry.
Transportation equipment industry
Visteon Corporation, a leading supplier of automotive systems, is making significant progress towards becoming an independent company. Ford Motor Company announced the record and stock distribution dates for Visteon, marking a crucial milestone in the company's journey towards independence. The distribution will occur on June 28th to Ford
Transportation equipment industry
Ford's acquisition of Land Rover from BMW for Euros 3 billion has raised concerns over the brand's competitiveness and cost position. Wolfgang Reitzle, chairman of Ford's Premier Automotive Group, has stated that the business is handicapped by productivity problems and a reliance on sterling-denominated
Transportation equipment industry
Ford Motor Company has filed preliminary proxy and registration statements with the U.S. Securities and Exchange Commission, detailing its $10 billion Value Enhancement Plan (VEP) announced on April 14. The plan includes four new distribution choices for shareholders, offering increased flexibility. The total cash distribution will be limited to
