Transportation equipment industry
As China's auto part industry continues to expand globally, local manufacturers are eyeing overseas acquisitions to gain a competitive edge. The Huaxiang Group's recent acquisition of Lawrence Automotive Interiors' subsidiary and Wanxiang Group's potential buyout of Ford's auto parts assets demonstrate
Transportation equipment industry
Toyota, the world's second-largest automaker, and Ford Motor Co. are engaging in discussions about a potential alliance to strengthen their ties in the development of environment-friendly technologies and compact cars. The meeting between Toyota Chairman Fujio Cho and Ford President Alan Mulally came as the industry is undergoing
Automobile industry
Mature markets in North America, Europe, and Japan will experience a decline in auto sales in the coming years, intensifying competition among auto manufacturers. Standard & Poor's Corp. forecasts a softening of overall sales, which will disproportionately affect major players like Ford Motor Co., General Motors Corp., and
Automobile industry
The auto industry in Vancouver is experiencing consolidation with dealerships clustering around the Vancouver Auto Mall. Recent partnerships and land swaps are driving this trend, with Jon Creedon and Alan Webb, owners of Vancouver Ford and Mazda-Dodge dealerships, forming a partnership to expand their businesses. The partnership involves swapping land
Automobile industry
Trade regulators have taken a decisive step towards reviving the US auto industry by revoking most of the 13-year-old tariffs and duties against high-grade steel imports. The International Trade Commission's vote covers all tariffs and subsidy-countering duties against carbon steel plate from 16 countries, providing a significant relief
Automobile industry
Nissan Motor Co., Japan's second-largest automaker, has made a significant U-turn in its approach to hybrid vehicles, introducing its Green Program 2010 medium-term environmental technology strategy. The new plan aims to tap into the growing demand for environmentally friendly vehicles, particularly in the U.S. market, where competitors
Automobile industry
Honda has maintained its position as the leading passenger vehicle nameplate in South Africa, according to the latest study by JD Power and Associates. The study examined over 228 individual problem symptoms across nine categories, including vehicle exterior, features, and audio systems. The South African plants of BMW and Toyota
Automobile industry
The U.S. auto market, which has been growing steadily over the past few years, is now showing signs of slowing down, posing a new risk to the turnaround plans of Detroit's beleaguered Big Three auto makers. As the U.S. economy and housing industry slow down, particularly
Automobile industry
US auto executives are meeting with President George W. Bush on Tuesday to discuss pressing concerns about healthcare and trade issues. The Big Three automakers - General Motors, Ford, and DaimlerChrysler's Chrysler Group - are expected to present their case to Bush, who will express his support for
Automobile industry
President George W. Bush will meet with top executives from General Motors, Ford, and Chrysler today to discuss the challenges facing the auto industry. Industry leaders plan to stress that they are not seeking a federal bailout but want support on health care and trade issues that affect large manufacturers.
Transportation equipment industry
Superior Industries International, Inc. has announced the distribution of a quarterly cash dividend on its common stock, with a payout of $0.16 per share. The dividend is set to be paid on January 19, 2007, to shareholders who are recorded as of January 5, 2007. The company supplies aluminum
Transportation equipment industry
J.T. Battenberg III, the former CEO of Delphi Corp., has resigned from the board of directors at Sara Lee Corp. amid civil fraud charges filed by the Securities and Exchange Commission (SEC). This move comes after the SEC settled with some of the Delphi individuals charged, but Battenberg is
