GM to offer buyouts to 46,000 Thursday, January 17, 2008 Sharon Terlep / The Detroit News General Motors Corp. CEO Rick Wagoner said Thursday that the company could have to shutter more U.S. factories or eliminate shifts at plants to bring the automaker’s production in line with declining demand for cars and trucks in its [...]
Delphi creditors vote to accept reorganization plan queryvar=”delphi,creditors,vote,to,accept,reorganization,plan”; Brent Snavely and Philip Nussel Automotive News | January 17, 2008 – 12:01 am EST DETROIT – Auto parts maker Delphi Corp. said late Wednesday that 81 percent of ballots cast by general unsecured creditors voted to accept its proposed reorganization plan. The approval [...]
American Axle lands key extension of GM business GM light-truck contract equals half of company revenue queryvar=”american,axle,lands,key,extension,of,gm,business”; Robert Sherefkin Automotive News | January 17, 2008 – 10:36 am EST DETROIT — American Axle & Manufacturing Holdings Inc. said today that it will be the driveline supplier for the next generation of full-sized [...]
GM looks to make further cost and job cuts queryvar=”gm,looks,to,make,further,cost,and,job,cuts”; Jamie LaReau Automotive News January 17, 2008 – 1:56 pm ET DETROIT — General Motors executives told analysts that GM expects to gain $4 billion to $5 billion in savings in 2010 once the impact of the 2007 labor agreement occurs. GM also plans for [...]
GM to begin selling 2009 Traverse crossover January 17, 2008 By KATIE MERX FREE PRESS BUSINESS WRITER General Motors Corp. will start selling the 2009 Chevrolet Traverse crossover this fall, Mark LaNeve, GM North America’s head of sales, service and marketing confirmed this week at the North American International Auto Show. The cousin of the [...]
Going green puts the squeeze on suppliers Thursday, January 17, 2008 2008 Detroit auto show Eric Morath / The Detroit News While it’s the automakers that are touting their new, green machines at this year’s Detroit auto show, it’s the suppliers that have to do the heavy lifting to make the vehicles a reality — [...]
