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 home market.
He didn’t [...]
Delphi creditors vote to accept reorganization plan
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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 was another in a series of key [...]
American Axle lands key extension of GM business
GM light-truck contract equals half of company revenue
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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 General Motors light trucks. The contract award [...]
GM looks to make further cost and job cuts
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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 improved automotive pretax [...]
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 Buick Enclave, GMC Acadia and [...]
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 — and at minimal cost.
Suppliers [...]
