Pelosi to push $21B tax package that raises fuel rules
Vote could come today on House bill that repeals $13.5B in oil credits, hikes auto mpg standards.
Wednesday, December 5, 2007
Detroit News wire and staff reports
WASHINGTON — Defying a threat of a presidential veto, House Speaker Nancy Pelosi intends to push ahead with a $21 billion tax [...]
Magna to assemble BMW’s new Mini SAV
Automotive News | December 5, 2007 - 3:00 am EST
FRANKFURT (Reuters) — Magna International’s plant in Austria will assemble the new offroad version of the Mini for BMW, a BMW spokesman said on Tuesday, confirming a report [...]
GMAC names chief risk officer after $1.6 billion loss
Automotive News | December 5, 2007 - 9:25 am EST
NEW YORK (Reuters) - GMAC Financial Services today named Samuel Ramsey chief risk officer, barely a month after the finance company posted a $1.6 billion third-quarter [...]
Mexican auto industry wants change in NAFTA
Automakers, retailers seek to limit imports of U.S. ‘wrecks’
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Stephen Downer
Automotive News | December 4, 2007 - 10:16 am EST
MEXICO CITY — Mexico’s automotive industry today is urging the country’s federal government to postpone using a clause [...]
GM’s Nov. sales fall 11%
December 3, 2007
By TIM HIGGINS
FREE PRESS BUSINESS WRITER
General Motors Corp. sales dropped 11% in the U.S. market last month compared to November 2006, the company announced today.
GM’s U.S. dealers sold 263,654 cars and trucks last month.
Bright spots for the automaker include a 40% increase in the Chevrolet Malibu retail sales. The [...]
Struggling Delphi asks for extensions for reorganization plan
Tuesday, December 4, 2007
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Delphi Corp. has asked a federal bankruptcy judge to give it until March 31 to come up with a revised reorganization plan to exit bankruptcy and until May 31 to get creditors’ approval of the new plan.
The [...]
GM to sell Cadillac in Australia
CTS sedan will be first of its kind in the country in 40 years as automaker increases overseas sales.
Tuesday, December 4, 2007
Greg Bensinger / Bloomberg News
General Motors Corp., seeking to expand global sales as its home market shrinks, plans to start selling Cadillac luxury vehicles in Australia in 2008 for [...]
White House threatens veto of energy bill
Wrangling over key provisions imperils hike in fuel economy standard to 35 mpg by 2020.
Tuesday, December 4, 2007
David Shepardson / Detroit News Washington Bureau
WASHINGTON — The White House threatened to veto a bill to improve energy efficiency Monday, putting in serious doubt the fate of the first increase in [...]
UAW, Ford sign contract
Spirit of cooperation praised amid concerns about economy.
Tuesday, December 4, 2007
Bryce G. Hoffman / The Detroit News
The leaders of Ford Motor Co. and the United Auto Workers gathered Monday afternoon for a signing ceremony that made official a new national labor agreement and marked the formal conclusion of the 2007 contract negotiations [...]
Ford and G.M. Plan to Trim 2008 Output
THE NEW YORK TIMES
December 4, 2007
By NICK BUNKLEY
DETROIT, Dec. 3 — General Motors and Ford Motor Company, struggling to keep turnaround plans on track, both said Monday that they would cut production in the first quarter because of slowing sales.
At General Motors, which had fared the best [...]
Upstart to vie for OnStar’s territory
Hughes Telematics to serve non-GM vehicles
December 2, 2007
BY MARK PHELAN
FREE PRESS COLUMNIST
General Motors Corp. and Ford Motor Co. soon should have genuine competition for two of their most prized, exclusive features, now that an independent supplier is selling a service that combines aspects of GM’s OnStar safety and communications network [...]
Ford takes risk going upscale with Volvo
Swedes fear that reinventing brand could hurt it but realize their survival is at stake.
Monday, December 3, 2007
Bryce G. Hoffman / The Detroit News
Ford Motor Co., after abandoning plans to sell Volvo Car Corp., now wants to move the brand more upmarket in a bid to boost sales and [...]
UAW leader wanted on Opel board
Monday, December 3, 2007
Sharon Terlep / The Detroit News
A powerful German trade union, fearful that a global General Motors Corp. will resort to playing nations against one another to drive down labor costs, is trying to get a top UAW leader on the board of the automaker’s Opel brand.
IG Metall [...]
New plant-by-plant attrition packages are in the works at GM
December 1, 2007
BY KATIE MERX
FREE PRESS BUSINESS WRITER
General Motors Corp. is negotiating a new special attrition plan for UAW workers on a plant-by-plant basis, Chief Financial Officer Fritz Henderson told Wall Street analysts over dinner in New York this week, one analyst said.
GM and UAW officials [...]
Electronics show adds auto focus
January’s CES event to feature 250,000 square feet of in-car gadgets.
Eric Morath / The Detroit News
Las Vegas will grab car enthusiasts’ attention a week ahead of Detroit’s auto show this January, as the massive International Consumer Electronics Show shines a spotlight on the $10-billion in-vehicle electronics industry.
The CES show, best known [...]
U.S. House Democrats agree on higher fuel standards
Automotive News | December 1, 2007 - 12:01 am EST
WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives agreed on Friday on a bill to raise automotive fuel efficiency standards by 40 percent by 2020 [...]
