Transportation equipment industry
The automotive industry is experiencing significant shifts, from the introduction of new models to the adoption of innovative technologies and sales strategies. General Motors' Saturn division is entering the midsize sedan and wagon segment with the L-Series, positioned to compete with popular models like the Honda Accord, Ford Taurus,
Transportation equipment industry
Amerigon Inc. has undergone significant changes in its leadership structure, with Richard A. Weisbart being promoted to president and chief executive officer. This move follows the private placement of $9 million of convertible preferred shares, which has enabled the company to expand its operations and development of proprietary products for
Transportation equipment industry
A vote is expected to end industrial action at the Land Rover factory in Solihull, where workers have been protesting over new shift arrangements proposed by BMW. The move comes as the company receives a major investment from BMW, worth over £3 billion, which is set to boost the local
Transportation equipment industry
BMW, the German carmaker, has officially unveiled its investment plans for Rover, its troubled British subsidiary, securing the future of tens of thousands of jobs in the Midlands. The company will commit up to £2.3 billion to the Longbridge plant in Birmingham, including £700 million for the new Mini,
Transportation equipment industry
The BMW-owned Rover car company is set to launch its new Rover 75 car, a crucial model that could secure the future of its British workforce. Despite a significant slump in UK sales, with a 29% decline in the first five months of this year, Rover is pinning its recovery
Transportation equipment industry
British driver Martin Brundle's Le Mans 24-Hour victory hopes were dashed when his Toyota suffered suspension problems after hitting a chicane. This enabled the BMW team of Pierluigi Martini, Yannick Dalmas, and Joachim Winkelhock to claim a famous victory in a drama-packed race. Brundle, usually heard commentating on
Transportation equipment industry
Arriva, the UK-based public transport company, has taken a significant step towards a major break-up by selling its car leasing division to General Motors of the US for £226 million in cash. The deal also includes £278 million of debt, which reduces Arriva's borrowings to £200 million and
Transportation equipment industry
As General Motors, Ford Motor, and DaimlerChrysler prepare to begin talks with the United Automobile Workers (UAW) next week, it appears increasingly likely that negotiators will seek a national labor contract lasting four or more years, the longest such deal since the 1950s. This development comes after last summer'
Transportation equipment industry
A recent survey of 28,000 members of the Consumers' Association (CA) has revealed that the modest Proton car is more reliable than its expensive luxury counterparts. The survey, which evaluated the reliability of various car makes, found that Proton, along with Honda, Mazda, and Toyota, was rated as
Transportation equipment industry
A recent survey conducted by the Consumer Association through its Which? Car 1999 publication has raised eyebrows among car enthusiasts, as it reveals that some of the biggest-selling car manufacturers are also the least reliable. The survey assesses the reliability of various car brands based on breakdowns, faults, and problems
Transportation equipment industry
Ford's acquisition of Volvo has marked the beginning of a new era for the Premier Automotive Group, which now encompasses Volvo, Jaguar, Lincoln, and Aston Martin. The Swedish carmaker's 400,000 cars-a-year production will be integrated with Ford's, with initial synergies focusing on eliminating
Transportation equipment industry
The motor industry's first century is coming to a close, and consolidation is emerging as its most pressing issue. Renault's recent deal with Nissan has set the stage for further mergers and acquisitions, particularly within Japan and Europe. Analysts expect the spotlight to soon fall on
