GM looks at beefing up buyout deals Pressure to cut older work force grows after Ford adds up to $20,000 to its retirement plans The Detroit News 02/01/08 by Sharon Terlep (Copyright 2006) General Motors Corp., negotiating a buyout deal with the United Auto Workers to clear out thousands of veteran employees, may sweeten cash [...]
Saturday, February 2, 2008 Plastech files bankruptcy Dearborn auto supplier seeks Chap. 11 protection as it struggles with high costs and reduced demand. Eric Morath / The Detroit News Distressed auto supplier Plastech Engineered Products Inc. filed for voluntary bankruptcy Friday, according to court documents. The Dearborn company appears to be caught in the same [...]
Saturday, February 2, 2008 Ford recalls autos already fixed once Wiring harnesses put into 225,000 vehicles during earlier repair have improper fusing. Bryce G. Hoffman / The Detroit News Ford Motor Co. is recalling some 225,000 vehicles that were already repaired as part of an earlier recall, the company announced Friday. The affected vehicles represent [...]
2008 JANUARY AUTO SALES GM sales up 2.6% in difficult month Ford, Toyota, Chrysler, Honda, Nissan and others post declines queryvar=”gm,sales,up,26%,in,difficult,month”; Richard Truett Automotive News | February 1, 2008 – 1:14 pm EST DETROIT — With its new vehicles gaining traction, General Motors was one of the few automakers reporting [...]
