How many law firms does it take to fight asbestos cases in court? If you're a chief executive officer, you know this is no joke. If you're Federal-Mogul Corp., the answer is 50. Since 1997, the Southfield, MI, supplier has hired these U.S. firms...
Suppliers are bearing the brunt of OEM production cuts and plant closings. Dana Corp. is cutting more than 11,000 jobs, or 15% of its workforce, through plant closings and consolidation. Some 30 facilities could be affected. This after Dana...
At last month's Tokyo Motor Show, DaimlerChrysler AG introduced a unique concept car, the F 400 Carving, a research vehicle the company says provides significantly more lateral cornering stability than a car with a standard chassis. How's it do...
Rinspeed Design, the Swiss design and engineering company known primarily for souping-up German performance and luxury vehicles, has teamed with the Mopar parts division of the DaimlerChrysler Group and Stellar Industries Inc. to launch the X-Tra...
Ford Motor Co. executives were less than pleased to hear General Motors Corp. was extending its 0% financing to Nov. 18. GM's announcement came the same day Ford reported steep third-quarter losses of $692 million including $877 million on...
David Jerome, managing director of General Motors Korea, is being reassigned to the automaker's U.S. operations at a director's level, sources tell WAW. He begins his new duties with GM's public policy office this month. The attorney will have a...
Corporate mergers are often described as marriages, but if you want to use the metaphor for the union of Siemens Automotive and Atecs Mannesmann VDO AG, think of it this way: A middle-aged couple who have been dating since college deciding to fly...
In an effort to gear its vehicles more toward the U.S. market, Hyundai Motor America (HMA) plans to open a research and development center in Irvine, CA, which will consolidate design, engineering and certification operations in one facility. The...
Fiat Auto SpA is undertaking an aggressive growth strategy targeting sales of 4 million vehicles per year by 2008, says Chief Executive Roberto Testore. Fiat currently sells about 2.5 million vehicles annually worldwide. Mr. Testore says Fiat is...
Neil Schilke says he understands the business climate that drove Robert Bosch GmbH to drop its exhibit from the 2002 Society of Automotive Engineers World Congress in Detroit. But the SAE president says he does not regard Bosch's decision as a...