Transportation equipment industry
January auto sales plummeted 6.6% in the United States, with car sales experiencing a sharper decline of 14.1%. However, sport utility vehicles, mini-vans, and pickup trucks continued to show stability, with sales rising 2.9% last month. General Motors Corporation and the Ford Motor Company reported significant drops
Transportation equipment industry
Britain's motor industry was given a significant boost yesterday with the announcement of over 4,000 jobs secured through investments by Land Rover and Ford. The announcements come as the government has also agreed to grant £43 million to Jaguar to produce its new X400 sports car at
Transportation equipment industry
Congress quietly extended lifetime allowances for staff and office space for America's four ex-presidents, reversing a 1993 decision to end subsidies due to concerns about costs. The allowances, worth $2.2 million, include a $151,800 pension for each ex-president and $1,848,200 for office expenses. The
Transportation equipment industry
The United Road Transport Union (URTU) has left the Trades Union Congress (TUC) after a century-long membership, citing a dispute with the Transport and General Workers' Union (TGWU) over sign-up policies for Ford drivers at Dagenham plant in Essex. The URTU, which represents 15,000 workers, has denied allegations
Transportation equipment industry
The North American International Motor Show in Detroit this week was dominated by the return of the legendary Volkswagen Beetle, along with a host of green power and concept vehicles. Ford and General Motors showcased their latest electric and fuel-cell concept cars, while Chrysler unveiled dramatic concept cars, including the
Transportation equipment industry
The Ford Motor Company is taking steps to reduce air pollution from its sport utility vehicles and mini-vans, announcing that nearly a million 1999 model-year vehicles will emit roughly 40 percent less in smog-causing gases like nitrogen oxide than comparable 1998 models. This move comes in response to recent criticism
Transportation equipment industry
Chrysler's biggest secret, the revolutionary Jeepster, has been spotted in the United States. This groundbreaking vehicle is a tall, rugged off-road car that can convert into a low-slung sports car with the push of a button. With 10 inches of ground clearance and four-wheel drive, the Jeepster is
Transportation equipment industry
Ford has released a $1 million TV commercial for their Mondeo model featuring David Duchovny, star of the popular TV series The X Files. The commercial is a spooky tale of the unexplained, where a driver has a sixth sense that warns him of an impending danger. The ad features
Transportation equipment industry
Chrysler Corp. ended 1996 with a bang, achieving its highest U.S. sales level ever, surpassing its previous record set in 1988. The company's sales of 2.45 million vehicles and light trucks marked a 13% increase over 1995, a year that saw Chrysler sell 2.16 million
Transportation equipment industry
The Stevenson Patriots' 64-56 victory over the Libertyville Wildcats marked a significant turn for the Patriots, who had dropped their two most recent tournament games by close margins. Stevenson coach Ken Johnson credited his team's poised defense and offense, noting that they played well from beginning to
Transportation equipment industry
Vietnam's government has made a sharp U-turn on its car industry policy, swinging from protectionism to allowing a flood of foreign investors. The result is a rush of new investments, with 11 car manufacturers, including Toyota Motor Corp. and Ford Motor Co., pledging around $650 million in the
Transportation equipment industry
As the United Automobile Workers (UAW) begins negotiations with the Big Three auto companies this year, the issue of outsourcing and shifting work to outside suppliers is expected to be a major concern. However, for many UAW members, the protection and extension of retirement benefits are of paramount importance. With
