Transportation equipment industry
As the automotive industry grapples with unprecedented challenges, General Motors is shedding 2,500 jobs with the shutdown of Buick City, while Mitsubishi and Peugeot form a partnership on the revolutionary GDI engine. Meanwhile, Ford is expanding its digital presence with an interactive website, and the industry's major
Transportation equipment industry
Qwest Communications International Inc. today announced a significant partnership with Ford Motor Company, where Qwest will provide Ford with domestic and international communications services. The contract includes the provision of "800" dial-up services for remote access to the Ford company network, as well as frame relay and secure
Transportation equipment industry
Automakers across the United States experienced unprecedented sales in 1998, driven primarily by strong demand for sport-utility vehicles, pickup trucks, and vans. The trend marked a significant departure from the car category, where only a few models, such as the Volkswagen New Beetle and Toyota Camry, achieved outstanding sales success.
Transportation equipment industry
Automakers in the United States, Europe, and Japan reported increased sales of cars and light trucks in 1998, driven by a strong economy in the US and Europe. Ford Motor Co. saw a 7 percent increase in sales for December and a 2 percent rise for the year, its best
Transportation equipment industry
South Korea's financially struggling Kia Motors Corporation will reduce its capital by 90% and then increase it by 3,863% next year, setting the stage for the Hyundai Group to acquire a controlling 51% stake. The capital reduction will be achieved through a 10-to-1 share consolidation, reducing the
Transportation equipment industry
In the past, Ford cars were generally considered to be decent, but not exactly exciting. However, in recent years, the company has undergone a significant transformation, producing cars that are not only reliable but also stylish and refined. The Ford Focus, in particular, has been praised by critics, with Autocar
Transportation equipment industry
The automotive industry in Asia and beyond was characterized by significant developments in 1998, setting the stage for a promising 1999. Mazda Motor Corp. forecasted a 9.4% rise in domestic car sales, while Nissan Motor Co. expected a 4.7% increase. Meanwhile, General Motors Corp. aimed to strengthen its
Transportation equipment industry
General Motors Corp. and Isuzu Motors Ltd. announced a broadening of their cooperation to include the development of trucks and other commercial vehicles, aiming to strengthen General Motors' commercial-vehicle operations. Meanwhile, ANZ Banking Group Ltd urged the Australian government to ensure the "four pillars" anti-merger policy remains
Transportation equipment industry
The U.S. stock market experienced its fifth consecutive session of decline on Monday, December 14, as investors continued to take profits amidst concerns over corporate earnings and the ongoing impeachment hearings. The Dow Jones Industrials fell by 126.16 points to 8,695.60, while the S&P
Transportation equipment industry
Saturn Corporation's chairman and president, Donald W. Hudler, will retire on January 1, 1999, to become chief executive officer of Saturn Retail Enterprises (SRE), a newly formed retail franchise operating company. Hudler will lead a strategic retail initiative to enhance Saturn brand equity. Replacing Hudler as chairman and
Transportation equipment industry
A new twist has emerged in the takeovers and mergers sweeping the motor industry, with reports suggesting that Ford is exploring a $10 billion partnership with BMW. This potential tie-up would have significant implications for 70,000 jobs in the UK, with some streamlining inevitable. As the world's
Transportation equipment industry
Thousands of Rover workers took part in a ballot described as the "most crucial vote in the company's history," with the future of the factory's top executives hanging in the balance. The vote will determine whether BMW can secure a £2 billion investment in
