Transportation equipment industry
The once-thriving South Korean conglomerate Daewoo, known for its rapid expansion across Asia, the Middle East, and Europe, is now on the brink of collapse. As its sales plummet and debt mounts, creditors plan to auction off its 22 affiliates, including its prized automotive operation. This move has attracted the
Transportation equipment industry
The NASCAR Winston Cup Series NAPA Daytona 500 took place at Daytona International Speedway in Florida, with Dale Jarrett securing the top spot. Jarrett's victory propelled him to the lead in the NASCAR Winston Cup Points Leaders, followed by Jeff Burton and Bill Elliott. Key Takeaways: * Dale Jarrett
Transportation equipment industry
Dale Earnhardt Jr., the 25-year-old driver of the brand new No. 8 Budweiser Monte Carlo, is among the most anticipated first-year drivers to ever race in the Daytona 500. He joins a group of talented rookies, including Matt Kenseth, Dave Blaney, Mike Bliss, and others, who have collectively won 22
Transportation equipment industry
As South Korea's Daewoo Motors is reportedly being wooed by several of the world's biggest car-makers, including General Motors and Ford, analysts predict a potential alliance between Hyundai and Ford to counter the GM-Daewoo partnership. Hyundai has expressed interest in acquiring Daewoo, while Ford is said
Transportation equipment industry
Delta Air Lines, known for being the Best-Managed major Airline for 1999, is following in the footsteps of Ford Motor Co. by offering its employees personal computers and Internet access at a minimal cost. This move is part of the airline's "wired workforce program" developed in
Transportation equipment industry
Ford Motor Company, Oracle Corporation, and Cisco Systems, Inc. announced a significant milestone on the auto-xchange platform, where the first online auction for production parts of Ford vehicles exceeded $75 million in volume. This achievement marks a crucial step forward in the development of the online automotive exchange, which aims
Transportation equipment industry
Ford Motor Co. and United Parcel Service announced a logistics partnership expected to significantly reduce car and truck delivery times from an average of 15 days to 9 days. The partnership will utilize information technology to optimize routes and inventory management, allowing auto buyers to track their vehicles online. This
Transportation equipment industry
US auto sales continued their upward trajectory in January, defying expectations and harsh weather conditions on the East Coast. The Big Three automakers, General Motors, Ford, and DaimlerChrysler, reported robust sales gains, thanks in part to a fresh wave of incentives and strong consumer confidence. Toyota and Honda also set
Transportation equipment industry
The Miami-based restaurant chain Burger King announced plans to run nationally televised commercials next week to alert the public about the dangers posed by Pokémon balls given away with its children's meals. The move comes after a 4-month-old Indianapolis boy succumbed to asphyxiation on one of the toys,
Transportation equipment industry
Despite expected significant growth in sales, Deutsche Telekom's profit after tax but before extraordinaries is anticipated to drop to 1.1bn marks (Pounds 340m) this year from DM2.5bn in 1999. The company attributes the decline to tough price competition in the fixed network business and high goodwill
Transportation equipment industry
AutoXchange, an online market for car parts, is set to go public in a summer flotation that could value the company at more than $100bn. The joint venture between Ford and Oracle was launched last year to tackle the industry's inefficient supply chain, which is estimated to waste
Transportation equipment industry
Talus Solutions, a world leader in pricing and revenue management products and services, has launched Target Pricing, a software designed to help companies in the business-to-business arena increase revenues and maximize profit. By predicting customer response to a number of price scenarios and determining the best, most likely to win,
