Getting in gear; truck makers, once averse to high technology, are integrating computers into all their operations
Article Abstract:
Freightliner Corp, a division of Daimier-Benz AG, is investing heavily in computer technology that ties together all of the company's operations. Networks connect Freightliner with its dealerships, and new workstations make the manufacturing process more efficient. The truck industry has been moving to technology in order to remain competitive since the industry was deregulated in the mid-1980s. Freightliner's emphasis on technology has enabled the company to increase its market share in each of the past seven years. The company currently holds 29.5% of the king-size truck market and now leads the industry. Freightliner began its investment in technology in the late 1980s when it integrated all aspects of its business. The system is currently being upgraded to Windows. The technology is expensive, costing large dealerships up to $36,000 per year, but the benefits are unquestionable.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1996
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Three GM units post profit drop of 14% for period
Article Abstract:
General Motors Corp's Electronic Data Systems Corp (EDS) posts an 11 percent increase in profit for the 1st qtr of 1991, but its results were overshadowed by poor performance at General Motors Acceptance Corp (GMAC) and GM Hughes Electronics Corp. EDS, which is a data processing subsidiary of General Motors Corp, had earnings of $121.8 million, or 51 cents a share, for the 1st qtr of 1991, which is up from earnings of $109.8 million, or 46 cents a share, for the same period in 1990. Revenue for EDS, which was up 14 percent for the 1st qtr of 1991 when compared to the same period in 1990, rose to $1.6 billion. GM Class E common stock, which pays a dividend tied to EDS, closed at $47.50 a share on Apr 29, 1991.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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Detroit meets a 'worker paradise'; will Volvo's perks give Ford sticker shock?
Article Abstract:
Sweden's Volvo car employees are worried about their new owner, Ford Motor Co., taking away some of their worker benefits. Perks now include sauna, swimming pool, bowling alleys, tanning beds, badminton and tennis. In Detroit, employees have a workout facility. That's about it. They say employer-supplied non-taxable perks are common in Sweden because of the high tax rate. Detroit officials say they haven't even thought about this aspect of the merger as yet.
Comment:
Volvo employees enjoy nice worker benefits to offset Sweden's high taxes
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1999
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