Auto Sector
US Automaker Ford Announces New Car Seat Heart Beat Monitor
Ford has proceeded with its course to provide in-built car medical services as they have announced the invention of a new car seat which monitors the drivers or passengers’ heartbeat.
MG Rover Four Bosses: No More the Company Directors
The four bosses who bought MG Rover for just £10 have almost sucked millions out of it. Today, all these four men have been disqualified from the post of directors.
John Towers, Peter Beale, John Edwards and Nick Stephenson are the four men who in 2001 bought MG Rover from BMW.
Ford Faces $4 Billion More in Expenses for Next Year
Ford Motor Company reported an increase in income from this quarter as compared to last year. This past quarter, they brought in $2.55 billion worth of net income, which divides out to 61 cents per share. In the same quarter one year ago, they earned $2.09 billion net income, which was equivalent to 50 cents per share.
Japan Quake Hits Automobile Industry
Following Japan's earthquake and nuclear disaster that has slashed away the local output by almost two-thirds in March; the Toyota Motor Co is forced to lose its crown of being the world's largest automaker.
