Wednesday, May 23, 2007

Greater Orlando Airport Authority

Hydrogen buses coming

Ford Motor Co. is to announce plans today to put eight hydrogen-burning buses on the streets of Orlando, Fla., the first U.S. city to take delivery of the modified E-450s.

Two will be used by the Greater Orlando Airport Authority and two by the Orlando Convention Central District.

Chairman renews pledge

Hyundai Motor Co. Chairman Chung Mong-koo, appealing an embezzlement conviction and prison sentence, reaffirmed Tuesday his promise to donate $1.1 billion worth of personal assets to South Korean society.

Chung made the pledge last year as part of a public apology and an attempt to earn leniency amid a slush fund scandal.

ASC proposes bonuses

ASC Inc. wants to continue a pre-bankruptcy plan that would award key executives and managers at least $1.2 million if they successfully sell the company's assets.

The struggling maker of automobile sunroofs said on Friday that the incentive bonuses will motivate upper management to seek the best possible offer for the assets.

Southgate-based ASC is looking to sell its closed manufacturing plants through a Chapter 11 auction.

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