GM settles funds suit for $39M Current employees and retirees sued to recover funds lost when stock in 401(k) plans was devalued. Wednesday, January 9, 2008 David Shepardson / Detroit News Washington Bureau WASHINGTON — General Motors Corp. has agreed to pay about $39 million to settle a class-action lawsuit brought by employees and retirees [...]
Chrysler offers new buyouts Workers at Jefferson North, Illinois plants get bid as carmaker cuts back. Wednesday, January 9, 2008 Eric Morath / The Detroit News Workers at Chrysler LLC’s Jefferson North Assembly Plant in Detroit and at a factory in Illinois will be offered buyouts in the coming days, the automaker confirmed Tuesday. The [...]
Lutz commits Volt to 2010 launch queryvar=”lutz,commits,volt,to,2010,launch”; Richard Truett Automotive News | January 8, 2008 – 4:09 pm EST DETROIT — Tests of lithium-ion batteries are going well, and General Motors hopes to soon begin driving the first running versions of the Chevrolet Volt. Writing Monday on the company’s Fastlane Website, GM Vice [...]
Ford will pursue new rwd cars queryvar=”ford,will,pursue,new,rwd,cars”; Amy Wilson Automotive News January 8, 2008 – 10:23 pm ET DETROIT – Ford Motor Co. is developing new rear-wheel-drive cars for its Ford and Lincoln brands, company leaders confirmed Tuesday. "It’s important going forward,” CEO Alan Mulally said at a dinner with journalists in suburban Detroit. Ford [...]
