Transportation equipment industry
The combination of rising oil prices and a gloomy outlook from General Motors (GM) sent markets sharply lower on this trading day. OPEC's announcement to increase its oil production quota by 500,000 barrels per day starting April 1 added to the downward pressure, as oil prices rebounded
Transportation equipment industry
Delphi Corporation, a leading global supplier of vehicle electronics, has found itself at the center of a class action lawsuit filed on behalf of current and former employees and plan participants. The lawsuit, which was filed in Ohio, alleges that Delphi's retirement plan fiduciaries breached their duties by
Transportation equipment industry
Automaker stocks such as General Motors Corp., Ford Motor Co. and auto-parts makers have recently hit 52-week lows, suggesting that the time to buy may be now. Contrary to traditional wisdom, the companies are not yet losing money, as investors anticipate a decline in sales and earnings due to rising
Transportation equipment industry
Market Pulse, a leading investor relations firm, has introduced ZAP as its featured stock, citing the company's achievements in advanced transportation technologies and energy products since 1994. ZAP has recently announced that it has exceeded the $100 million threshold in purchase orders for its SMARTCAR high gas mileage
Transportation equipment industry
Automakers across the United States experienced unprecedented sales in 1998, driven primarily by strong demand for sport-utility vehicles, pickup trucks, and vans. The trend marked a significant departure from the car category, where only a few models, such as the Volkswagen New Beetle and Toyota Camry, achieved outstanding sales success.
Transportation equipment industry
Automakers in the United States, Europe, and Japan reported increased sales of cars and light trucks in 1998, driven by a strong economy in the US and Europe. Ford Motor Co. saw a 7 percent increase in sales for December and a 2 percent rise for the year, its best
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
The automotive industry in Asia and beyond was characterized by significant developments in 1998, setting the stage for a promising 1999. Mazda Motor Corp. forecasted a 9.4% rise in domestic car sales, while Nissan Motor Co. expected a 4.7% increase. Meanwhile, General Motors Corp. aimed to strengthen its
Transportation equipment industry
General Motors Corp. and Isuzu Motors Ltd. announced a broadening of their cooperation to include the development of trucks and other commercial vehicles, aiming to strengthen General Motors' commercial-vehicle operations. Meanwhile, ANZ Banking Group Ltd urged the Australian government to ensure the "four pillars" anti-merger policy remains
Transportation equipment industry
The U.S. stock market experienced its fifth consecutive session of decline on Monday, December 14, as investors continued to take profits amidst concerns over corporate earnings and the ongoing impeachment hearings. The Dow Jones Industrials fell by 126.16 points to 8,695.60, while the S&P
Transportation equipment industry
Saturn Corporation's chairman and president, Donald W. Hudler, will retire on January 1, 1999, to become chief executive officer of Saturn Retail Enterprises (SRE), a newly formed retail franchise operating company. Hudler will lead a strategic retail initiative to enhance Saturn brand equity. Replacing Hudler as chairman and
