Word: gm
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Dates: during 1990-1999
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DETROIT: Volkswagen agreed to pay General Motors $100 million as part of a settlement ending a long and bitter lawsuit alleging that Volkswagen stole trade secrets. VW also agreed to buy at least $1 billion worth of parts from GM over seven years. The deal reportedly had been in the works ever since last month, when German prosecutors indicted the central figure in the case, Jose Ignacio Lopez. It closes a dispute that began in March 1993, when Lopez, about to be promoted to General Motors' chief of North American operations, moved overnight to Volkswagen, along with seven other...
What's more, much of the equipment needed to make this Jetsons vision real, from cruise control to automatic suspension and antilock brakes, from vehicle-detection radar to dashboard navigation systems, already resides in industry catalogs. GM, for instance, is offering limited radar-based obstacle-detection systems in school buses. GM and Ford now equip their high-end cars with devices that call for emergency help after a crash. And some 4% of all new vehicles are expected to come equipped with onboard navigation systems that can tell drivers where they are by reading an onboard electronic...
Citing a recent law meant to prevent all American businesses from interacting with Libya, Moore quipped, "Who are [workers] more scared of--GM or Mohamar Quaddafi? Where are the real acts of terrorism...
Fall is normally new-car season in Detroit. But an outbreak of labor strife at General Motors' plants in Canada has cast into doubt the rollout of GM's all-new Chevrolet minivan and other 1997 models. All production was halted in Canada last week after 28,500 members of the Canadian Auto Workers union walked out in a strike that has deprived some U.S. plants of vital parts. Without a settlement, analysts say, the company may have to close its 24 U.S. parts-and-assembly plants by the end of the month...
...GM RUNS OFF THE ROAD IN CANADA...