GM exec: Dealer network should shrink by 30 percent
David Shepardson / Detroit News Washington Bureau
WASHINGTON — General Motors Corp.’s marketing and sales chief said the Detroit automaker wants to shrink its number of dealers in urban areas by roughly 30 percent.
Mark LaNeve, GM’s vice president for marketing and sales, said the company needed to reduce [...]
Wednesday, January 23, 2008
Auto briefs
Grammys to use Chevrolet ‘green’ cars
Chevrolet, on a mission to create a green image for itself, will deliver dozens of stars to next month’s Grammy awards in hybrid and ethanol-ready SUVs as part of a major marketing deal with the show. Presenters, performers and other celebrities will arrive at the Feb. [...]
Wednesday, January 23, 2008
Delphi told to cut exec bonuses
Judge orders compensation package reduced by more than $70M as part of bankruptcy exit plan.
David Shepardson / Detroit News Washington Bureau
A federal bankruptcy judge told Delphi Corp. Tuesday to slash the amount of cash bonuses it planned to pay its top 560 executives more than $70 million, [...]
Wednesday, January 23, 2008
Ford set to offer more buyouts
Ailing automaker wants to make room for lower-paid work force in its U.S. factories.
Bryce G. Hoffman / The Detroit News
Ford Motor Co. is preparing to offer another round of buyouts to all of its approximately 54,000 U.S. hourly employees, and sources say an announcement could come as [...]
Chrysler sets up new team for global mid-size vehicles
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Bradford Wernle
Automotive News | January 22, 2008 - 10:53 pm EST
DETROIT — As part of its product development realignment, Chrysler LLC will create a kind of experimental “skunk works” to design mid-size vehicles, according to CEO Bob Nardelli.
Nardelli told reporters at Tuesday’s Automotive News World Congress [...]
