Transportation equipment industry
The US auto industry is reeling under the impact of soaring fuel prices and intense competition from Asian carmakers supplying smaller, more fuel-efficient vehicles. Chrysler, America's third-largest carmaker, is launching a severe cost-cutting program and shifting focus towards more fuel-efficient models to halt its losses, which reached euros
Transportation equipment industry
Brett Cole NEW YORK: Ripplewood Holdings, a buyout firm, is in discussions with Delphi and its unions that may result in a bid for the bankrupt auto-parts maker. Thomas Stallkamp, a Ripplewood partner and former Chrysler president, has been leading talks with Delphi and the United Automobile Workers union for
Transportation equipment industry
EADS North America Defense has appointed David J. Schramm as the new President and Chief Executive Officer of EADS North America Defense Test and Services. Schramm replaces Gordon Taylor, who will be retiring. Schramm brings a wealth of experience in the aerospace industry, having previously served as President and CEO
Transportation equipment industry
Dr. James Truchard, CEO of National Instruments, highlighted the importance of programming heterogeneous multiprocessor computer systems during a keynote address at the National Science Foundation-sponsored Workshop on Cyber-Physical Systems in Austin, Texas. The workshop brought together key academic and industry researchers to explore the new government research area involving computer-based
Transportation equipment industry
Automakers are facing increasingly challenging business environments, and this narrative provides context for the struggles being experienced by major players. Ghosn, leader of Nissan and Renault, had been seeking a North American partner to finalize a global alliance that could pose a significant challenge to Toyota. The attempt at a
Transportation equipment industry
The talks between General Motors (GM) and the Renault-Nissan alliance have collapsed after failing to reach an agreement on share price premium and cost savings. The decision came after a long board meeting at GM, where the directors decided they couldn't allow the Renault-Nissan alliance to take a
Transportation equipment industry
Schaeffer's Market Blog highlighted several stocks on September 29, including General Motors (NYSE:GM), J. Crew Group (NYSE:JCG), Shutterfly (NASDAQ:SFLY), Wal-Mart Stores (NYSE:WMT), and Apple Computer (NASDAQ:AAPL). The blog provided quick insights into the day's most notable market activity from an options
Transportation equipment industry
A trio of leading automakers, including Nissan and Renault, is expected to engage in talks to form an alliance, while Chrysler is shifting its focus away from trucks and towards more fuel-efficient vehicles. Meanwhile, M. Michele Burns, a former executive at Delta Air Lines and Mirant, has taken the helm
Transportation equipment industry
California, which has been at odds with the automotive industry over new global warming regulations for years, is taking its battle to the courts. The state is suing six major automakers - General Motors, Toyota, Ford, Honda, Chrysler, and Nissan - demanding they pay for environmental damage caused by emissions
Transportation equipment industry
California's attorney general, Bill Lockyer, has launched a lawsuit against six major automakers, accusing them of causing significant environmental damage through greenhouse gas emissions from their vehicles. The lawsuit, filed in United States District Court, alleges that General Motors, Toyota, Ford, Honda, Chrysler, and Nissan are responsible for
Transportation equipment industry
Ongoing court hearings aimed at determining whether Delphi Corp. can reject its labor agreements and certain supply contracts with General Motors Corp. have been postponed. This delay comes as Delphi employees are nearing deadlines for buyout offers. In other automotive news, DaimlerChrysler AG has reduced its full-year profit forecast due
Transportation equipment industry
Schaeffer's Market Blog, published on September 12, highlighted various stocks, including Fortunet (NASDAQ:FNET), Bank of America (NYSE:BAC), American Eagle Outfitters (NASDAQ:AEOS), Altria Group (NYSE:MO), and General Motors (NYSE:GM). The blog, written by Schaeffer's financial analysts and traders, provides quick insights into
