Jury Still Out on GM Posted by: David Welch on October 30 There are signs that some investors think General Motors is turning things around. The company has gotten to break even this year. GM has a few hit cars, like the Cadillac CTS and Buick Enclave. A concession-laden union contract has promted another analyst [...]
Chrysler to cut deeper: 1,000 targeted Factory shifts, contract workers to be reduced Wednesday, October 31, 2007 Bill Vlasic / The Detroit News Chrysler LLC is expected to slash at least 1,000 salaried workers, cut contract employees and trim manufacturing jobs in an effort to downsize payroll and production to match its shrinking U.S. market [...]
Lutz: GM in better position He says labor pact helps close gap with rivals but more work remains. Wednesday, October 31, 2007 Sharon Terlep / The Detroit News MEMPHIS, Tenn. — General Motors Corp.’s new contract with the United Auto Workers will wipe out 70 percent of the labor cost gap separating the automaker from [...]
How The New GM Handles A Hit: Slow Production To Prevent Incentives; Maintain Desire Link: www.wsj.com Article quote: By JOHN D. STOLL – The Wall Street Journal – October 31, 2007; Page B1 This summer Mary Mooney and her husband were soaking up the sun in Florida when they saw a Buick Enclave, a big, [...]
Ford, UAW break talks after marathon session Automotive News | October 31, 2007 – 3:00 am EST DETROIT (Reuters) – Contract talks between Ford Motor Co. and the UAW broke off in the early hours this morning after a marathon session that began Tuesday morning, a source familiar with the talks said. The negotiations for [...]
GM to build pickup Hummer in Louisiana Tuesday, October 30, 2007 Detroit News Wire Services General Motors Corp. is adding a pickup version of its Hummer H3 sport-utility vehicle at a Louisiana assembly plant as the automaker tries to stem the brand’s declining sales, Bloomberg News reported today. GM will invest $73 million in the [...]
Crunch time: Gettelfinger visits Ford HQ Tuesday, October 30, 2007 Bryce G. Hoffman / The Detroit News Talks between Ford Motor Co. and the United Auto Workers kicked into high gear Tuesday morning as UAW President Ron Gettelfinger arrived at the company’s Dearborn headquarters to begin the final push toward a new national contract, according [...]
GM may get less cash from Delphi reorganization queryvar=”gm,may,get,less,cash,from,delphi,reorganization”; David Barkholz Automotive News | October 30, 2007 – 1:52 pm EST Delphi Corp. wants to pay General Motors a lot less cash as part of its financial restructuring to emerge from Chapter 11 bankruptcy protection. The giant parts maker has filed potential amendments to its [...]
Ford, union poised for talks finale Negotiators have general agreements; setting strike deadline likely next big step. Tuesday, October 30, 2007 UAW-Ford Contract talks Bryce G. Hoffman / The Detroit News Talks between the United Auto Workers and Ford Motor Co. continued Monday as UAW President Ron Gettelfinger said his team is "getting geared up" [...]
Retooling the family hauler: Rapper, hot rod king put pizzazz in Ford Flex to lure crossover market Tuesday, October 30, 2007 2007 SEMA show Scott Burgess / The Detroit News These aren’t your Momma’s minivans. While the FooseFlex and the Flex² are family haulers, they’re too cool to haul kids to schools. And that’s exactly [...]
Chrysler to dump three slow-sellers Pacifica, PT Cruiser, Magnum expected to get axed as automaker realigns product lineup. Tuesday, October 30, 2007 Bill Vlasic / The Detroit News The board of Chrysler LLC is expected to decide today to kill at least three slow-selling models as part of a sweeping strategic realignment of the newly [...]
GM rolls out hybrid transmissions New systems will be used in Chevy Tahoe, GMC Yukon, for industry’s first full-size hybrid SUVs. Tuesday, October 30, 2007 David Shepardson / Detroit News Washington Bureau WHITE MARSH, Md. — General Motors Corp. launched production Monday of its first two-mode hybrid transmission at a plant just outside Baltimore as [...]
GM to open Shanghai alternative fuel research center October 29, 2007 By ALEJANDRO BODIPO-MEMBA FREE PRESS BUSINESS WRITER General Motors Corp. said it plans to set up an alternative fuel research center in Shanghai for $250 million. Speaking at a news conference in Beijing today, GM Chairman and Chief Executive Officer Rick Wagoner said China [...]
UAW gets fuel-rule support 13 Senate Democrats favor small-car provision October 29, 2007 BY JUSTIN HYDE FREE PRESS WASHINGTON STAFF WASHINGTON — While a legislative logjam has slowed progress in Congress toward an energy bill with an increase in fuel-economy standards, the UAW has won commitments from 13 key Democratic senators to preserve rules forcing [...]
Dealing gears up; job security key Weekend meetings in Dearborn sketched out a road map for final stage of discussions this week. Monday, October 29, 2007 2007 Ford-UAW contract talks Bryce G. Hoffman / The Detroit News Talks between Ford Motor Co. and the United Auto Workers continued during the weekend, but the real heavy [...]
