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
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 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,
Transportation equipment industry
Jorma Ollila, the chairman and CEO of Nokia Corp., has joined the Board of Directors of Ford Motor Company, with his appointment effective January 12, 2000. This move reflects Ollila's reputation as a strategic business leader, having transformed Nokia into a wireless technology and internet pioneer. Ford'
Transportation equipment industry
Nissan's Chief Operating Officer, Carlos Ghosn, has announced that the company is reviewing a proposal to join a joint venture with Oracle and Ford Motor Company to reduce costs through e-commerce. The venture aims to save hundreds of millions of dollars by allowing manufacturers to pool purchasing on
Transportation equipment industry
Asia's automotive industry witnessed significant developments in 1999, with Holden emerging as the top car seller in Australia. The company's sales of 155,307 vehicles edged out Toyota's 153,066 and Ford's 126,897. Meanwhile, Ford explored opportunities to form a consortium
Transportation equipment industry
Ford Motor has moved to recruit a top executive from Daewoo Motor, a key player in the bidding war with General Motors, while also drawing on the expertise of Ulrich Bez, a seasoned veteran of the car industry. Meanwhile, Hyundai Motor's ambitious plans to become one of the
