Transportation equipment industry
BMW, Renault, and Delphi Automotive Systems have solidified a memorandum of understanding (MOU) to co-develop vehicles with solid-oxide fuel cells as auxiliary electric power. This partnership builds on a previous agreement between Delphi and BMW to jointly develop a fuel cell system for passenger cars, now expanding to incorporate diesel
Transportation equipment industry
Jaguar sales have reached new heights in the US, with over 4,000 vehicles sold in April, nearly doubling the number sold in the same month in 1999. This significant increase is attributed to the company's successful efforts in raising its profile in the American market, led by
Transportation equipment industry
ABB National's backing of the Phoenix consortium with Pounds 500m has lifted hopes that the closure of Rover cars can be averted. The consortium, fronted by John Towers, the former Rover chief executive, has also secured financial guarantees from BMW and Abbey National, with Pounds 1.2 billion
Transportation equipment industry
BMW's impending exit from Rover remains shrouded in uncertainty, with the collapse of a deal with Alchemy leaving a bid led by John Towers as the only viable option. The German automaker's continued delay in making a decision may ultimately seal the fate of the Longbridge
Transportation equipment industry
Recoton Corporation, a global leader in consumer electronics, has announced that its Original Equipment Manufacturing (OEM) division has been chosen by Ford Motor Corporation to supply its patented 900MHz wireless stereo headphone system. Ford intends to utilize the Recoton wireless stereo headphones as part of their new Ford 2001 Windstar
Transportation equipment industry
Dana Corporation's Automotive Systems Group has been chosen by Ford and Mazda to design and integrate the four-wheel-drive system for the Ford Escape/Mazda Tribute, a unique mini sport utility wagon. The vehicle, built in Kansas City, Missouri and Hofu, Japan, features a Control Trac II 4WD System
Transportation equipment industry
A cross-party Commons Trade and Industry select committee has cleared DTI Secretary Stephen Byers of having had advance knowledge of BMW's decision to ditch Rover or doctoring company statements to back his case. The committee was critical of BMW's "excessive secrecy and incompetence" over
Transportation equipment industry
Former Rover Group chief executive, John Towers, held talks with Rover's chief Walter S1/3amann, facilitated by trade and industry secretary, Stephen Byers, to discuss an alternative buyout plan for the troubled car group. The meeting, described as "constructive" by the DTI, aimed to assess BMW&
Transportation equipment industry
Volkswagen has emerged as a favourite to take over BMW, a move that could see the German car company acquire both the Mini and the Rolls-Royce. The Quandt family, which owns nearly half of BMW, is ready to sell the company for up to Pounds 20billion after sustaining huge losses
Transportation equipment industry
Stephen Byers, the Secretary of State for Trade and Industry, expressed "anger" at BMW's lack of transparency in keeping him in the dark about the break-up of Rover, preventing the UK government from helping to rescue the British car-maker. During a heated questioning by the Commons
Transportation equipment industry
The world car industry is dominated by a few large conglomerates that have formed complex webs of partnerships and acquisitions. General Motors, for example, owns Vauxhall in the UK, Opel in Europe, Holden in Australia, and Saab, among others. It also has stakes in Subaru, Isuzu, and Suzuki. Fiat, on
Transportation equipment industry
Network Appliance Inc. announced on March 29, 2000, that its NetApp filers had passed all SDRC competency requirements set out by Ford's Global Supplier Implementation Strategy (GSI) and could now be used to support the Ford Motor Company's C3P initiative. The partnership will enable Ford-authorized suppliers
