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, [...]
