Oil’s $97-a-barrel cost a record
Attacks on pipelines, Afghanistan bombings and a falling inventory forecast send prices up.
Wednesday, November 7, 2007
John Wilen / Associated Press
NEW YORK — Oil futures jumped to a new record above $97 a barrel Tuesday after bombings in Afghanistan and an attack on a Yemeni oil pipeline compounded the supply concerns that [...]
Ford deal gets mixed reviews
Investors watch while analysts debate whether carmaker met its needs.
Wednesday, November 7, 2007
Bryce G. Hoffman / The Detroit News
Wall Street is reacting coolly to Ford Motor Co.’s tentative agreement with the United Auto Workers, with many analysts criticizing the automaker for keeping open plants that are operating well below capacity.
Ford shares [...]
Delphi exec bonuses: $216M
Court asked to OK payments, riling UAW, shareholders
Wednesday, November 7, 2007
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Delphi Corp. wants court approval to pay its top 560 executives at least $215.5 million in bonuses and incentives in 2008 after the company emerges from bankruptcy.
Shareholders are objecting, calling the executive awards excessive.
Troy-based [...]
Mustang Bullitt coming in January
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Amy Wilson
Automotive News | November 6, 2007 – 6:00 pm EST
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GM to take $39 billion non-cash charge
Risk of slower turnaround cited
Automotive News | November 7, 2007 – 12:01 am EST
DETROIT (Reuters) – General Motors said on Tuesday it would book a $39 billion non-cash charge in the third quarter, reflecting the risk of [...]
ZL-1 Big-Block Revived After Tooling Rescued From Scrap Yard
By Tom Murphy
WardsAuto.com, Oct 31, 2007 2:26 PM
LAS VEGAS – Muscle-car enthusiasts have attentive eyes to thank for an all-new iteration of a classic and rare big-block V-8 soon to be available from General Motors [...]
