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 to recommend [...]
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 share.
People close to the [...]
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 Japanese-owned U.S. plants, GM [...]
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, seven-passenger vehicle, and [...]
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, [...]
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 plant that builds 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 to sources familiar [...]
GM may get less cash from Delphi reorganization
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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.
[...]
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" for the final push to [...]
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 what Ford Motor Co. wants.
These customized [...]
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 private automaker.
People close to [...]
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 the automaker tries to [...]
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 has the “potential to become [...]
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 automakers to build small cars [...]
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 lifting will begin today or [...]
