 News of January 18, 1999
(the
 will lead you
to the full article)
Page 3 of 3
| DEARBORN, Mich., Oct. 13, 1998 - Ford Motor Company and ZF
Friedrichshafen AG have announced their intention to form a joint venture to produce
automatic transmissions at Ford's Batavia (Ohio) Transmission Plant. Ford Automotive Operations President and CEO-elect Jacques Nasser and ZF Chief
Executive Officer Dr. Klaus Bleyer made the announcement together at a news conference. ZF
will own 51 percent of the new company and Ford the remaining 49 percent. The Batavia
Plant will be owned by the joint venture, but current employees will remain Ford employees
working for the joint venture.
|
 |
|
General Motors
will consolidate its R&D Centers |
| General Motors announced to concentrate its engineering
resources. In the future, that means within the next 3 - 5 years, General Motors will
focus on 3 product development centers and 8 local engineering centers. Therefore a budget
of nearly $.1.5 billion is forseen. Almost $ 900 million will be invested into the
Warren, Mich., center, which will than be the home of 16,000 engineers and
technicians.
About $ 170 million will be spend for the Pontiac, Mich., truck engineering faculty. A
$ 200 million will go into the consolidated powertrain engineering in Pontiac as well.
|
| December 29, 1998 - Erlanger, KY- Through the diligent work
of team members at its three manufacturing plants in North America, Toyota produced
962,823 vehicles, more than any other Japan-based automaker. Toyota's North American
production in 1998 increased by 15 percent over 1997's total of 838,069. |
|
News of January 10, 1999
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