Friday, February 29, 2008 Daniel Howes: Reality squeezes Dauch, UAW Dick Dauch, the chairman of American Axle & Manufacturing Inc., is never one to mince words — even in Day Three of a United Auto Workers strike against his company, which will be 14 years old Saturday. "We took over an absolutely troubled set [...]
Daimler says Chrysler lost nearly $3 billion in brief time Automotive News | February 27, 2008 – 9:45 am EST FRANKFURT (Reuters) — Ailing U.S. automaker Chrysler LLC posted a net loss of 1.94 billion euros ($2.92 billion) between the close of its sale on Aug. 4 and the end of the [...]
Consumers Union: 9 of 10 top vehicle picks are imports Harry Stoffer Automotive News | February 28, 2008 – 3:16 pm EST WASHINGTON — Automotive experts at Consumers Union complimented Ford Motor Co. and General Motors on the progress their vehicles are making — but didn’t give them much else. The organization’s Consumer Reports [...]
Honda ending U.S. motorcycle production Posted Feb 28th 2008 9:31AM by Alex Nunez Filed under: Plants/Manufacturing, Honda, Motorcycles Click above for a high-res gallery of the 2008 Honda VTX Honda has announced that next year it will cease motorcycle production at its Marysville, OH manufacturing plant. That facility’s output, along with that of the Hamamatsu, [...]
Thursday, February 28, 2008 American Axle strike shuts GM plant It’s latest fallout as auto industry upheaval stirs up labor unrest. Eric Morath and Sharon Terlep / The Detroit News General Motors Corp. will shut down its Pontiac truck plant today, forcing the layoff of about 2,500 workers, in the first major fallout from the [...]
UAW workers strike after American Axle talks end Robert Sherefkin Automotive News February 26, 2008 – 12:30 am ET DETROIT — The UAW launched a strike against American Axle and Manufacturing Holdings Inc. as 3,600 members prepared to hit the picket lines after failing to reach a new contract. In a short statement, the UAW [...]
Tuesday, February 26, 2008 Detroit’s changing work force $14 per hour: The new auto dream job Lower-paying jobs are welcome opportunity for new Delphi workers Louis Aguilar / The Detroit News FLINT — A $14-an-hour job at auto supplier Delphi Corp. means that Tricia Sermeno no longer chooses between buying groceries or paying the rest [...]
Saturday, February 23, 2008 GMAC loans $635M to its mortgage unit David Mildenberg / Bloomberg News GMAC LLC, the lender partially owned by General Motors Corp., agreed to loan as much as $750 million to its residential mortgage unit as it seeks to sell a business that finances vacation resorts. Residential Capital LLC borrowed $635 [...]
Former UAW president Fraser dies at 91 Douglas Fraser, who led the United Auto Workers as president from 1977 to 1983, died in a Southfield, Mich., hospital Saturday, the union said today. He was 91. His wife Winnie Fraser told the Associated Press that Fraser had emphysema and went into Providence Hospital with breathing problems. [...]
GM exec stands by calling global warming a ‘crock’ queryvar=”gm,exec,stands,by,calling,global,warming,a,crock”; Automotive News | February 22, 2008 – 3:15 pm EST DETROIT (Reuters) — General Motors Vice Chairman Bob Lutz has defended remarks he made dismissing global warming as a "total crock of shit," saying his views had no bearing on GM’s commitment to [...]
Friday, February 22, 2008 UAW proposal paves the way for union-run health care trust The Detroit News The United Auto Workers union announced today that is has filed a settlement proposal in U.S. District Court related to health care claims against General Motors Corp. If approved, the union said, the settlement will pave the way [...]
Friday, February 22, 2008 Shuttered GM Lansing plants to be razed starting Monday Associated Press LANSING, Mich. — General Motors Corp. on Monday will begin tearing down two plants it closed in 2006. A GM spokeswoman says it will take about 20 months to demolish the Lansing Craft Centre and Lansing Metal Center, both located [...]
Delphi gets court approval to sell steering unit queryvar=”delphi,gets,court,approval,to,sell,steering,unit”; Automotive News | February 21, 2008 – 2:00 pm EST DETROIT (Reuters) — Bankrupt auto parts supplier Delphi Corp.said today it had received final bankruptcy court approval to sell off its steering business to a unit of private equity firm Platinum Equity LLC. The [...]
Thursday, February 21, 2008 GMAC will slash 930 jobs Financial company will close 15 field offices and idle 930 workers after posting $4.3B deficit in 2007. Sharon Terlep / The Detroit News With its massive mortgage operations deep in red ink, financial firm GMAC LLC is now moving to slash costs on the still-lucrative auto [...]
GM dedicates new Mexican transmission plant queryvar=”gm,dedicates,new,mexican,transmission,plant”; Stephen Downer Automotive News | February 21, 2008 – 9:38 am EST SILAO, Mexico — General Motors dedicated a $660 million transmission plant at its vehicle assembly, engine and stamping complex here Tuesday, Feb. 19. The plant began operations about a month ago. It has an [...]
