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BUSINESS BRIEFS.(TO THE POINT)
TRANSPORTATION Airborne soars 20% on Q4 profit The express-delivery firm earned 25 cents, well above last year's 5 and views for 6. Revenue rose 12% to $897 mil. Airborne cited a pickup in ground deliveries, cost cuts and lower fuel expenses. It sees a decline in air express volumes for '03. Boeing lands order from Ryanair The low-cost Irish airline ordered 22 Boeing jets worth more than $1.3 bil at book prices. Ryanair also took options to buy 78 more, which would give it the 2nd biggest 737 fleet after U.S. low-cost carrier Southwest Airlines. The total deal is valued at $4 bil. Boeing rose 0.93, or 3%, to 31.59.
** Lockheed Martin aims to finish negotiations with Poland on $6 bil worth of investments related to the sale of 48 F-16 jets by the end of this month.
US Airways restructures jet orders
The bankrupt carrier reached an agreement with airplane maker Airbus to change the model mix and take 29 jets instead of 38. US Airways also filed a motion in bankruptcy court to restructure its leases from several lenders on up to 29 A320 aircraft in its fleet.
GM has no comment on Fiat deal
An ...
- Two ways GM could rescue Fiat Auto.(Cover Story)
- Magazine article from: Automotive News Europe Ciferri, Luca October 21, 2002 700+ words
...merged. * An early takeover of Fiat Auto by GM, though not by exercising a...alternative available for saving Fiat Auto is allowing GM to take control without the...leave GM with the problems at Fiat Auto. If GM takes control through a capital...
- 2 ways GM could rescue Fiat Auto.
- Magazine article from: Automotive News Ciferri, Luca October 21, 2002 700+ words
...merged. * An early takeover of Fiat Auto by GM, though not by exercising a...executives are interested in combining Fiat Auto and GM's troubled Opel operations...leave GM with the problems at Fiat Auto. If GM takes control through a capital...
- Fiat-GM alliance tops Demel's list; New Fiat Auto CEO also faces a...
- Magazine article from: Automotive News October 13, 2003 700+ words
...Fiat Auto on Nov. 15. Fiat Auto and GM are achieving significant...organization: restoring GM's confidence in Fiat Auto, at its lowest ebb since...make together. "Their (GM) participation in Fiat Auto recapitalization is not...
- GM prepares to save Fiat; Italian automaker's decline speeds integration...
- Magazine article from: Automotive News Ostle, Dorothee Guilford, Dave June 3, 2002 700+ words
...of the 80 percent of Fiat Auto that GM doesn't already own...is working on blending Fiat Auto with GM's Adam Opel AG, according...Opel is struggling and GM must also integrate Daewoo. Adding Fiat Auto to the mix would be another...
- Why GM is a reluctant Fiat partner; Details of Fiat Auto alliance are published...
- Magazine article from: Automotive News Europe Ciferri, Luca January 24, 2005 700+ words
...automotive business with GM was likely. Without Fiat Auto, the Fiat group would...billion in new cash. For GM, the prospect of owning Fiat Auto is financially less appealing...Europe without taking on Fiat Auto. Currently GM is carrying out a major...
- At Fiat, the opera isn't over . . . Sources say GM will escape `put'...
- Magazine article from: Automotive News Ciferri, Luca December 16, 2002 700+ words
...likely will cancel GM's obligation...the 80 percent of Fiat Auto it does not already...owns 80 percent of Fiat Auto and about 5 percent of GM. ``GM has no...to restructure Fiat Auto assets, but declined...comment on whether GM is in such discussions...
- Fiat would be risky purchase for GM, analysts say.(Fiat Auto, General...
- Magazine article from: Automotive News Guilford, Dave June 3, 2002 700+ words
...Merrill Lynch in New York. GM bought 20 percent of Fiat Auto S.p.A., a subsidiary...2004, Fiat can require GM to buy the rest of Fiat Auto. Fiat can exercise that...jeopardizing its operations. GM could pay for Fiat Auto with cash, stock or a...
- GM won't help finance Fiat Auto recovery.(News)(General Motors)(Brief Article)
- Magazine article from: Automotive News Europe October 4, 2004 700+ words
...group injected [euro]3 billion into Fiat Auto through a capital increase. GM's stake fell to 10 percent from...to buy the remaining 90 percent of Fiat Auto. * * * Declining value GM's share in Fiat Auto has been decreasing for more than...