Automobile industry
Chrysler Corporation, following a string of record earnings and anticipating a strong growth in the North American auto market, has announced a 25-cent quarterly dividend, up from 20 cents, and pledged to fully finance its pension plan by the end of the year. This move marks a significant shift in
Automobile industry
The possibility of creating one of the world's largest multimedia combines is on the horizon as General Motors' Electronic Data Services (EDS) and US telecommunications group Sprint engage in talks about a $30 billion merger. The move is part of GM's plan to spin off
Automobile industry
General Motors reached a deal with the US government to pay $10 billion to replenish its underfunded pension plan. The agreement, made with the Pension Benefit Guaranty Corp, includes a $4 billion cash payment and $6.2 billion in stock. This deal addresses the massive underfunding of GM's
Automobile industry
General Motors Corporation has announced its second round of price increases in as many weeks, this time affecting popular models such as the Chevrolet Camaro sports coupe and the GMC Jimmy compact sport utility vehicle. The price hikes, ranging from $250 to $310, are attributed to the high demand and
Automobile industry
A recent advertising campaign for Chrysler's new Neon subcompact focuses on the car's distinctive attributes, including its eye-catching exterior styling. The campaign, handled by black-owned agency Don Coleman & Associates, features a 30-second television commercial and print advertisements. The commercial, "Mother World," employs the
Automobile industry
Chrysler's sales in Japan have surged, with over 13,000 vehicles sold this year, mostly Jeeps. However, the company still lags behind Japanese brands, with imports accounting for less than one-half of 1 percent of Japan's market. Jerry K. Hsu, Chrysler's new sales and
Automobile industry
Brazil's automobile industry is undergoing a significant modernization program, intended to put Brazilian-made cars on streets around the world by the end of the decade. With a $12 billion investment, the industry is shifting from a 20-year protectionist cocoon to a competitive market, driven by the government'
Automobile industry
The Ford Motor Company has announced a major overhaul of its operations in a bid to better compete in the global market. At the heart of the reorganization is the creation of a single operating unit, Ford Automotive Operations, which will merge Ford's North American and European operations.
Automobile industry
Striking workers at two General Motors Corp. brake-making plants in Dayton approved a new contract and returned to work yesterday, ending a walkout that stopped production at a GM assembly plant in Canada and three U.S. states. Members of United Auto Workers Local 696 ratified the three-year contract by
Automobile industry
As the largest car division in the world, Chevrolet has dominated the US market for decades, epitomizing American style, power, and patriotism for its customers. However, by the late 1970s, G.M.'s earnings suffered as Chevrolet's image rusted, with dull and ugly cars like the Corsica
Automobiles
Renault sought to surpass the functional reputation of its predecessor, the Renault 21, by designing a medium-sized hatchback that combines the quality of a top-range car with affordability. The new Laguna is a computationally named vehicle that promises to far exceed the two million sales of its predecessor. With its
Automobiles
Chrysler's latest offerings for 1994 have left many customers satisfied, including Bob Armstrong, a Remax real-estate broker from Ontario. Armstrong purchased a 1994 Jeep Grand Cherokee Limited in November and was pleased with the car's performance, luxury features, and ease of use. The Grand Cherokee is
