Despite slower automotive sales and continuing pressure to reduce prices, supplier earnings continue to increase in the first three months of 1995 over year-ago figures. Most credit lean manufacturing and operating systems for the growing margins...
More than any potential U.S. sanctions, the continuing appreciation of the yen threatens Japan's auto industry, says Hiroshi Okuda, executive vice president and chief financial officer of Toyota Motor Corp. "Stupefied" by the yen's skyrocketing...
Some say the entire U.S. tire industry was the beneficiary of a divisive mid-1980's takeover bid for Goodyear Tire & Rubber Co. In repelling that takeover play, Goodyear was forced to close three plants and sell off a couple more. The resulting...
While it took Jack Smith a few years to catch up to his counterparts at Ford and Chrysler, Messrs. Trotman and Eaton add to their bonus stockpiles. Mr. Trotman receives $6.6 million in bonuses and other cash on top of his $1.5 million salary to...
MORRISTOWN, NJ - "Who are those guys?" Robert Redford and Paul Newman kept asking each other that as they watched a posse relentlessly stalking them in the classic Butch Cassidy and the Sundance Kid.To those of us who follow the automotive...
Even after spectacular previews at the North American International and Los Angeles auto shows, the automakers still had plenty of new cars to show off in Chicago.Chrysler Corp. pulls the cover back on a rendering of its upcoming Sebring JX...
Jaguar Cars Ltd. offers a six-year, 75,000-mile, fully transferable, factory-backed warranty program beginning in March to customers who buy or lease a previously owned Jaguar. Vehicles offered through the Select Edition program will be low...
Ford creates a stir among suppliers by insisting on price cuts of 5% this year and another 5% in 1996, supplier sources say. That's on top of a "3-3-4" for 1992, '93 and '94, respectively, for a cumulative 20% over five years. "They're getting...
To paraphrase Garrett Morris's "Saturday Night Live" character, sunroofs have been very, very good to Inalfa Hollandia Inc. (IHI). The company has surpassed its own sales goals and expects to be doubling current production within three years.The...
SOUTH PADRE ISLAND, TX - What's situated on a glorious 34-mile long, halfmile wide, overgrown sandbar and smells like suntan lotion?It's South Padre, a small community of 1,800, where between 150,000 and 200,000 students frolic during college...