Car rental industry girds for cutbacks

Article Abstract:

The Canadian car rental industry has been trimming staff and cutting costs due to an airline travel slump caused by the September 11th terrorist attacks. Auto manufacturers sell 1.5 million vehicles annually to the rental industry and may experience a cancellation of orders.

Automobile Rent & Lease, Passenger Car Rental and Leasing, Personnel administration, Automotive Rentals, No Drivers, Automobile lease and rental industry, Airlines, Car leasing, Car rental, Travel industry

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Border study calls for new crossing

Article Abstract:

Detroit River Tunnel Partnership (DRTP) wants to build a dedicated truck crossing under the Detroit River. The delay in implementation by 2010 would lead to $200 to the cost of producing a vehicle.

Motor vehicles and car bodies, Forecasts, trends, outlooks, Design and construction, Market trend/market analysis, Bridges, Bridges (Structures), Automobile Industry

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Algoma resolves hedge fund fight

Article Abstract:

Algoma Steel Inc. has ended a dispute with Paulson and Co., a New York hedge fund, by offering to pay $200 million special dividend, appointing new directors, and continue to go for a sale.

Strategy & planning, Executive changes & profiles, Blast furnaces and steel mills, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Planning, Officials and employees, Securities industry, Steel industry, Investor relations, Company business planning, Company financing, Algoma Steel Inc.

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