Transportation equipment industry
The United Automobile Workers union and General Motors are locked in a heated dispute over the auto maker's investments in the United States, with the union accusing G.M. of pursuing a strategy that prioritizes profits over jobs and the company countering that it has committed to investing
Transportation equipment industry
The recent strike by the United Automobile Workers (UAW) against General Motors in Flint, Michigan, highlights the deep-seated distrust between workers and management in the auto industry. The strike, which began on June 5, has forced G.M. to close most of its North American assembly lines, causing suffering for
Automobile industry
Michelin, a leading tire manufacturer, is teaming up with General Motors to introduce a new program that will streamline tire warranty processing and enhance service for vehicle owners. The program, which includes Michelin, Uniroyal, and BFGoodrich tire brands, will provide General Motors vehicle owners with comprehensive tire warranty coverage under
Automobile industry
Duff & Phelps Credit Rating Co. has reaffirmed its senior debt rating of Electronic Data Systems Corporation (EDS) at A+ (Single-A-Plus) and its commercial paper rating at D-1. The company has also reaffirmed the debt ratings of General Motors Corp. (GM) and its General Motors Acceptance Corp. (GMAC) financial subsidiary
Automobile industry
Michigan congressmen are expressing concern that politics may be playing a role in the Department of Transportation's probe into the safety of millions of pickup trucks built by General Motors Corp. The congressmen, all Republicans, have urged President Clinton to release all documents connected to the investigation, citing
Automobile industry
GM's president and CEO, John (Jack) Smith, acknowledged the company's significant turnaround over the past two years, but emphasized that it still has a long way to go to recover in North America. Despite reporting a third-quarter profit of $552-million (U.S.), the company's
Transportation equipment industry
Major US companies, including IBM, AT&T, and General Motors, have reported significant profits in the third quarter, with some beating expectations. IBM's revenues on its mainframe computers rose for the first time since 1992, driven by strong sales in Europe, Asia, and the US. The company&
Transportation equipment industry
This list appears to be a comprehensive database of various companies listed in Canada, highlighting their business sectors and activities. It provides a snapshot of the corporate landscape in Canada in the late 1990s, featuring a wide range of industries such as technology, finance, healthcare, and energy. Key Takeaways: * The
Automobile industry
Flint, Mich., workers at the Buick City complex, a key operation in assembly and parts supply for General Motors Corp. (GM), have ended their nearly 72-hour strike after the UAW and GM reached a tentative agreement. The strike, which threatened to shut down much of GM's North American
Automobile industry
General Motors is reorienting its advertising strategy in the wake of the baseball strike, aiming to maximize its $35 million media budget despite the loss of baseball advertising opportunities. The company's planned advertising blitz for various new products will proceed as scheduled, with a focus on other sports
Automobile industry
G. Richard Wagoner Jr. has been appointed as the head of General Motors' North American Operations, marking a significant shift in the company's organizational structure. As the executive vice president and chief financial officer, Wagoner will oversee the day-to-day operations of the North American market, allowing CEO
Automobile industry
The General Motors Corporation's board meeting in New York is expected to bring significant changes to the company's leadership, marking the most substantial personnel moves since 1992. G. Richard Wagoner, the company's 41-year-old chief financial officer and head of worldwide purchasing, is likely to
