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 for claims involving company [...]
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 early-retirement and buyout programs spare [...]
Lutz commits Volt to 2010 launch
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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 Chairman Bob Lutz said the company [...]
Ford will pursue new rwd cars
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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 global product chief Derrick [...]
