Transportation equipment industry
Food Lion, a US-based grocery store chain, plans to open two new locations in Roanoke within the next year. The company's first new store, situated in a former Harris Teeter at Southwest Plaza, is expected to open by the end of the year. This location will occupy a
Transportation equipment industry
As the second-largest industrial state, Michigan has long been a hub for the automotive and retail industries. However, recent shifts in the nation's most powerful companies' rankings and financial developments highlight changes in the sector. Key Takeaways: * General Motors Corp. slipped from third to 12th on the
Transportation equipment industry
Toyota's entry into the luxury market with the Lexus brand has generated significant interest, particularly with the introduction of the IS200, a rear-drive sports saloon that directly challenges the BMW 3-series. The Lexus IS200 is a precision-crafted vehicle that boasts a new rear-drive platform, a 2-liter straight-six engine
Transportation equipment industry
Ford, one of the major players in the automobile industry, has announced plans to slash 680 jobs at its British plants, in the latest sign of the cutthroat competition in the sector. The job cuts, which will be mainly voluntary redundancies, are aimed at improving efficiency. This move comes just
Transportation equipment industry
The Washington D.C. metropolitan area was expected to experience increasing clouds towards daybreak on March 23, 1999, with a low in the lower to middle 30s. The Baltimore metropolitan area was predicted to have mostly clear skies overnight with increasing clouds towards daybreak, with a low around 30. In
Transportation equipment industry
Old Kent Financial Corp. has announced a deal to acquire Illinois-based Pinnacle Banc Group Inc. in a tax-free stock deal worth $243 million, marking the company's entry into the Chicago market. This move is expected to make Old Kent the Chicago area's fifth-largest bank in terms
Transportation equipment industry
Tony Blair announced a major initiative with a million free tickets for children to visit the Millennium Dome, while Manchester United secured a crucial win in the Champion's League. However, the week was marked by controversy, particularly in the world of politics. Labour MP Joe Ashton was embroiled
Transportation equipment industry
David Reitzle, a former BMW executive, has been appointed chairman of Jaguar Cars, effective Monday. Reitzle's appointment comes as BMW and the UK government engage in talks over a potential £1.7 billion investment in new facilities at the Longbridge plant in Birmingham. The talks aim to provide
Transportation equipment industry
The UK's car manufacturing sector has received a significant boost as Peugeot and Citroen, two of the country's major car manufacturers, plan to create 900 jobs in the UK. According to Stephen Byers, the Trade and Industry Secretary, 200 of these jobs will be created as
Transportation equipment industry
The UK car industry has received a major boost with the announcement of Peugeot's Y2 million grant aid to create 900 new jobs at its UK base, with up to 200 of those jobs going to the long-term unemployed as part of the New Deal programme. Additionally, a
Transportation equipment industry
The auto industry is witnessing an unprecedented surge in sales, with many major players setting new records in February. General Motors Corp. (GM) reported an 17.5% increase in sales, marking a new company record for minivan and light truck sales. The sales figures exceeded analyst expectations, with the industry
Transportation equipment industry
President Clinton is advocating for a universal system of attaching child safety seats to prevent injuries to children. Both General Motors and Ford Motor Company support any measure that can help save children's lives and reduce injuries. Under the proposed requirement by the Transportation Department, child safety seats
