Transportation equipment industry
yet2.com, a Cambridge-based limited liability company, has announced the establishment of a global forum for proprietary technology exchange on the Internet. This innovative platform aims to provide a vast opportunity for users to purchase some of the world's most valuable technologies, streamlining research and development efforts and
Transportation equipment industry
The major stock indexes witnessed a downturn, plummeting to their lowest levels due to heightened fears of an impending interest rate boost. This morning's strong jobless report further exacerbated the situation, causing the Dow industrials to sharply decline. The Dow dropped by nearly 80 points, reaching a value
Transportation equipment industry
In a significant move, Ford has finalized its $65 million buyout of Stewart Grand Prix, with plans to rebrand the team as Jaguar for the 2000 season. Key figures from Ford and Stewart Grand Prix will attend the Frankfurt Motor Show to announce the change, marking a new era in
Transportation equipment industry
Damon Hill, the current driver for the Jordan team, walked away from the German Grand Prix after a disappointing 14 laps, with reports suggesting that this could be his final race. Hill's decision seems to have been influenced by the feeling that he is too old for the
Transportation equipment industry
The fate of South Korea's second-largest conglomerate, Daewoo, hangs in the balance as foreign banks decide whether to roll over the company's short-term debt. The government's decision to allow creditors to take over Daewoo's restructuring has sparked a cautious response from foreign
Transportation equipment industry
Volkswagen, Europe's largest carmaker, has warned that margins will remain under pressure this year, despite a stronger-than-expected European car market and a surge in US sales in the first half. The company's chairman, Ferdinand Piech, has said that Volkswagen will continue to adjust production to forecast
Transportation equipment industry
Delphi Automotive, the largest independent automotive parts supplier, has reported profits of $394m after-tax in the three months to end-June, narrowly beating Wall Street's consensus estimate of 68 cents in earnings per share. The result is a significant improvement from the previous year's strike-impacted profits, with
Transportation equipment industry
Sonic Automotive, Inc., one of the leading automotive retailers in the United States, has announced the acquisition of several dealerships in key markets, further solidifying its position in the industry. The company has entered into definitive agreements to acquire the Freeland Automotive Group in southwest Florida, Integrity Dodge in Las
Transportation equipment industry
CMS Energy Corporation's independent power production unit, CMS Generation Co., has successfully brought the first 160-megawatt phase of the Dearborn Industrial Generation plant online. The plant, located on the site of the Rouge Steel Company and Ford Motor Company complex in Dearborn, Michigan, will provide electricity and steam
Transportation equipment industry
CMS Energy Corporation's CMS Generation Co. announced the commercial operation of the first 160-megawatt phase of the Dearborn Industrial Generation plant on July 12. The plant, located on the site of the former Rouge Steel Company and Ford Motor Company complex in Dearborn, Michigan, is expected to provide
Transportation equipment industry
Ford Motor Co.'s record-breaking bond offering of $8.6 billion has eclipsed AT&T Corp.'s $8 billion deal in less than four months. The deal, led by global coordinator Bear Stearns & Co. and co-managers Merrill Lynch & Co. and Salomon Smith Barney, saw participation
Transportation equipment industry
The soaring cost of prescription drugs has become a major healthcare issue in national labor talks between the United Automobile Workers (UAW) union and major auto manufacturers, General Motors, Ford Motor, and DaimlerChrysler. The complex issue is not only affecting the livelihoods of aging auto workers and retirees but also
