Transportation equipment industry
Ford's plants in Atlanta and Chicago are back in the spotlight as speculation grows about possible expansion and new vehicles. Bloomberg News reported that Ford may build a new type of minivan for Mercury and Volvo in Chicago, while consolidating Taurus production in Atlanta. This move is part
Transportation equipment industry
Despite economists underestimating sales by more than a million units, Valley auto dealers enjoyed a strong year in 1999, with many reporting double-digit sales increases. A record 16.8 million new cars and trucks were sold across the nation, with Valley dealers attributing the success to a strong economy, attractive
Transportation equipment industry
The South Korean government has decided to solicit bids for the Daewoo Motor Company, drawing the world's two largest automakers, Ford Motor Company and General Motors Corporation, into a high-stakes bidding war. The decision follows Ford's interest in buying Daewoo Motor, with the government initially considering
Transportation equipment industry
The stage is set for an international tender for troubled Daewoo Motor, with intense speculation focusing on the ramifications for the local automotive industry depending on which bid wins the Korean car maker. According to officials of the main creditor Korea Development Bank and industry observers, Samsung Group is sticking
Transportation equipment industry
As General Motors prepares to send a high-level negotiating team to discuss new proposals, its global rivals Ford Motor and DaimlerChrysler have expressed interest in acquiring Daewoo Motor, potentially leading to an international auction. This move follows the recent expiry of GM's exclusive negotiating rights to acquire the
Transportation equipment industry
Ford, the world's second largest carmaker, has announced a strategic alliance with IBM to extend its electronic commerce activities in Europe. The alliance will cover areas such as supply chain management, purchasing, and vehicle design, and is expected to result in significant cost savings for the company. This
Transportation equipment industry
As the auto industry transitions to electronic commerce, automakers are developing electronic marketplaces to conduct bidding and purchasing of auto parts and services. The General Motors Corporation and the Ford Motor Company are leading the charge, with G.M. planning to use its software on the Internet and Ford hoping
Transportation equipment industry
Bolt, Inc. has closed a significant strategic round of investment from prominent institutions, including Time Warner, Comcast Interactive Corporation, and Ford Motor Company. The funding will enable Bolt to expand its branding efforts across various media platforms, entertainment, and automotive industries, further solidifying its position as a leading destination for
Transportation equipment industry
Ford Motor Company marked a significant milestone with the launch of the Ford IKON, a car designed specifically for India. The IKON's production began at Ford's new state-of-the-art plant in Maraimalai Nagar, India, with Jacques Nasser, president and CEO of Ford Motor Company, driving the first
Transportation equipment industry
Delegates attending next week's World Trade Organization conference in Seattle will reduce vehicle emissions with the operation of 55 new Ford Motor Company natural gas vehicles, unveiled at the Pier 48 ferry terminal on November 22nd. The vehicles, designed for use by WTO delegates, will exclusively run on
Transportation equipment industry
David Green's first career NASCAR Winston Cup pole position was a result of his car's speed and his own superstitions. Taped to the dashboard of his Pontiac Grand Prix was a hairbow from 2-year-old daughter Kaylie, which he believed brought him good luck. Green's
Transportation equipment industry
The Arnold City Council made several notable decisions, including approving permits for two restaurants in Richardson Square Plat 3. Pizza Hut and Taco Bell will be constructed on approximately 1.5 acres at the northwest corner of Richardson Road and Richardson Square Drive, serving non-intoxicating liquor, and benefiting from sanitary-sewer
