Transportation equipment industry
Kirk Kerkorian, one of America's richest men, has made a surprise $22.8 billion offer for Chrysler, the country's third-largest car maker. The bid, made through Kerkorian's investment vehicle Tracinda, is the largest takeover bid in US corporate history, second only to the $25
Transportation equipment industry
Kirk Kerkorian's surprise bid for Chrysler, America's third-largest carmaker, has sent shockwaves through the automotive industry and Wall Street. The 77-year-old billionaire's net worth of $3.1 billion, amassed through investments in Hollywood and airlines, has earned him a reputation as a shrewd and
Automobile industry
Regulators with the National Highway Traffic Safety Administration have launched an investigation into defective seat belts manufactured by Takata Inc., which were installed in approximately 6 million vehicles across the United States. The affected vehicles, produced by several major automakers, include Daihatsu, Honda, Isuzu, Mazda, Mitsubishi, Nissan, Subaru, and Suzuki
Automobile industry
As the National Auto Dealers Association convention in Dallas wrapped up, General Motors Corp. CEO John Smith sounded the alarm on the growing issue of affordability in the U.S. auto industry. Smith, speaking amidst rising vehicle prices, expressed concerns that the industry's high costs are pushing car
Transportation equipment industry
Major US companies, including IBM, AT&T, and General Motors, have reported significant profits in the third quarter, with some beating expectations. IBM's revenues on its mainframe computers rose for the first time since 1992, driven by strong sales in Europe, Asia, and the US. The company&
Transportation equipment industry
This list appears to be a comprehensive database of various companies listed in Canada, highlighting their business sectors and activities. It provides a snapshot of the corporate landscape in Canada in the late 1990s, featuring a wide range of industries such as technology, finance, healthcare, and energy. Key Takeaways: * The
Automobile industry
Mercedes-Benz has recently taken steps to refresh its C-class lineup, partnering with its high-performance division, AMG, to create a new range of enhanced variants. The Australian market has seen a significant increase in high-quality add-ons and equipment from AMG, and now, these cars will be available through the dealer network,
Automobile industry
Canadian subsidiary of Detroit's hottest car maker, Chrysler Corp., is gearing up to introduce a range of new vehicles to its lineup, with the most-dated designs to be the mid-size sedans launched only two years ago. The 1995 model year will see the introduction of seven new vehicles,
Automobile industry
As the $300 million retooling of Chrysler's Sterling Heights assembly plant comes to a close, the automaker showcases its efforts to match the quality and productivity standards of its Japanese competitors, particularly Toyota, Honda, and Nissan. The plant, which was opened to journalists and politicians for inspection, will
Automobile industry
Investors in the Big Three auto makers are growing concerned that the peak in auto sales and profits might have passed, with shares of Chrysler, Ford, and General Motors suffering losses yesterday. The market reaction was sparked by a report of insider selling at Chrysler, with 13 vice presidents selling
Automobile industry
Damon Hill's provisional pole position at the German Grand Prix was derailed by the sudden upturn in performance of Gerhard Berger and Jean Alesi's Ferraris. The Williams-Renault driver, despite his initial confidence, now faces a tough competition, sharing the second row with home favorite Michael Schumacher.
Automobile industry
The fleet management industry in Australia is marked by volatility, with interest rates on leasing having shot up by about 50% over the past five months. This has led to unpredictable resale values, affecting the final catalyst for lease periods, rates, and Fringe Benefits Tax (FBT) liabilities. Amidst this uncertainty,
