Ford, GM fall behind in fast-changing European market

Article Abstract:

Ford Motor Co and General Motors Corp (GM) have seen their shares of the estimated 16-million-units-per-year European automobile market fell from 10.9% to 9.3% and from 9.7% to 8.5%, respectively. Except for the Corsa and Zafira brands, the rest in the GM's lineup lag behind their European competitors. In 4th qtr 2000, GM incurred a loss of $463 million. For its part, Ford, which, had around 12% of the European market in the early 1990s, sustained a loss of $1.1 billion in 2000.

Automobile Manufacturing, Market share, Automobiles, Ford Motor Co.

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Oil issue strains Europe's fragile unity

Article Abstract:

Truckers from around Germany are demonstrating against high oil prices. The protests are an indication of an emerging doubt on Europe's ability to achieve economic strength through greater unity. They have spread from the UK to Frace to Spain on Sep 25, 2000. The demonstrators are demanding cuts in gasoline taxes to ease the pain of sppikes in crude oil prices. They have taken their message to the streets in capiptals from Paris to Stockholm to Tel Aviv and Berlin.

Public affairs

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Investors load up on UPS

Article Abstract:

United Parcel Service launched the largest ever initial public offering in the US. On its first day of trading, the stock increased nearly 37% to $68 1/8 from $50. The company offered 110 million shares, or 10% of its stock, which was valued at almost $5.8 billion based on the IPO price of $50. The company plans to use the proceeds to buy back employee-owned shares and to finance possible acquisitions.

United States, Organizational history, United Parcel Service of America Inc.

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