November 19, 1993 |
General Motors Corp. on Thursday abandoned the sale of its automatic transmission division to a German competitor because the federal government said it would create a near monopoly. The decision came two days after the U.S. Justice Department filed an antitrust lawsuit to block the $525-million acquisition of GM's Allison Transmission Division by ZF Friedrichshafen. The government alleged that the merger would increase prices and lower services for customers.
November 17, 1993 |
Signaling a new vigilance over competition in technology, the Justice Department filed an antitrust lawsuit Tuesday to block the sale of General Motors Corp.'s automatic transmission division to a German rival. The suit, filed in U.S. District Court in Wilmington, Del., charges that the proposed merger of GM's Allison Transmission Division with ZF Friedrichshafen would reduce competition, raise prices and lessen technological innovation.
August 29, 1992 |
A strike at General Motors Corp.'s crucial Lordstown, Ohio, metal stamping plant forced GM on Friday to shut down two car assembly plants that ran out of parts made by the struck facility, including the one making hot-selling Saturns. Early in the morning, the assembly line was idled at the Saturn plant at Spring Hill, Tenn. The plant doesn't stockpile body parts it receives from Lordstown.
January 22, 1997 |
Imagine a slow, scenic glide through the skies in an aircraft that burns little fuel, barely pollutes, affords a good view for all on board and makes no bothersome noise or vibrations. Sixty years ago, before the advent of the jet engine, the rich did travel in this grand style, aboard the giant "silver cigars" developed by turn-of-the-century German aristocrat and army officer Count Ferdinand Adolf Heinrich von Zeppelin.