Transportation equipment industry
October sales numbers showed a significant shift in the US auto market, with foreign brands posting significant gains at the expense of American manufacturers. Toyota, Honda, and Nissan led the way, with sales increases of 12.6 percent, 3.2 percent, and 27.6 percent, respectively. Meanwhile, General Motors, Ford
Transportation equipment industry
Ford Motor Company, the world's largest producer of trucks, and Oracle Corporation, the world's leading supplier of software for information management, have joined forces to create the AutoXchange, an e-business supply chain that will link $300 billion in automotive transactions to dealers and consumers. The joint
Transportation equipment industry
Despite the automakers' strong third-quarter earnings, consumer confidence has been plummeting, and several major companies in the automotive and technology sectors have announced significant job cuts and cost-saving measures. However, one company, NetSolve Inc., has posted a $2 million profit, and IBM has authorized a massive stock buyback. Key
Transportation equipment industry
The Roanoke Regional Home Builders Association has taken a significant step to address the labor shortage in the construction industry by donating $10,000 worth of woodworking tools to Craig County High School students. This gesture is part of an effort to establish a Craig County student chapter of the
Transportation equipment industry
China has launched a committee to strengthen self-discipline and standardize the behavior of auto glass producers. This move is part of China's efforts to reform its auto industry. Meanwhile, the State Economic and Trade Commission has restricted new projects in the auto sector to avoid repeated construction. In
Transportation equipment industry
As Japan's automotive sector transforms into a more global and interconnected industry, the relationship between foreign and domestic companies is changing. The recent alliance between Renault and Nissan has demonstrated the willingness of Japanese carmakers to adopt foreign management techniques and collaborate on a larger scale. However, this
Transportation equipment industry
As the American auto industry continues to evolve, several museums dedicated to the business are emerging in cities once synonymous with the industry. Last spring, the Ford Motor Company opened a museum in Dearborn, Mich., near the historic Henry Ford Museum and the Automotive Hall of Fame. This month, DaimlerChrysler
Transportation equipment industry
The United Auto Workers and Ford reached a tentative agreement over the weekend, averted a US carmaker's first national strike since 1976, as officials negotiated around the clock, passing through the UAW's strike deadline of midnight Friday. The deal includes UAW backing for Ford's
Transportation equipment industry
A tentative agreement between Ford Motor Co. and the United Auto Workers (UAW) has been reached, averting a costly strike that could have involved an estimated 100,000 workers nationwide. The agreement was negotiated throughout the night in Dearborn, Michigan, and was finalized around 1 p.m. on Saturday. The
Transportation equipment industry
Ford, the world's second largest carmaker, is set to unveil a far-reaching engine cooperation deal with PSA Peugeot Citroen, the French car and van manufacturer. The agreement, which will be announced in Paris later this week, will involve a global partnership on engines, with manufacturing and production of
Transportation equipment industry
About 500 UAW officials gathered to hear details of the contracts covering 185,000 workers at GM and Delphi Automotive Systems. The union said the deal gives the average assembly worker $29,900 in wage increases, bonuses, and holidays during the next four years. The UAW's executive council
Transportation equipment industry
Hewlett-Packard Company made headlines on September 28, 1999, when Johnny Herbert and the Stewart-Ford racing team claimed their first-ever victory at the European Formula One Grand Prix. The triumph marked a significant milestone for the team, which had been working closely with HP to develop advanced computer systems for designing
