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 [...]