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 [...]
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 [...]
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, [...]
Mustang Bullitt coming in January queryvar=”mustang,bullitt,coming,in,january”; Amy Wilson Automotive News | November 6, 2007 – 6:00 pm EST capt = “” DETROIT — Ford Motor Co. will start selling the 2008 Mustang Bullitt in January. It will be introduced at next week’s Los Angeles auto show. The special-edition Mustang carries a starting price of $31,075, [...]
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 a slower turnaround that could keep it from claiming [...]
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 Corp. Beginning in spring, GM will sell [...]
