Toyota chief says yen has strengthened too much
 
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Automotive News | March 7, 2008 - 6:05 am EST
 
 
TOKYO (Reuters) — The head of Toyota Motor Corp. said on Friday the yen had risen too far against the dollar and that current levels would hurt its earnings.
"The yen has strengthened too much and will have a big [...]

GM says 29 plants now affected by Axle strike
 
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Automotive News | March 7, 2008 - 12:01 am EST
 
 
DETROIT — General Motors said Friday that nine more parts plants are cutting shifts and reducing work because of the UAW strike at American Axle & Manufacturing Holdings Inc.
The list of affected GM plants now stands at 29, [...]

Friday, March 7, 2008
Impact of American Axle strike widens to 19 GM factories
Tom Krisher / Associated Press
DETROIT — The United Auto Workers and auto parts maker American Axle and Manufacturing Holdings Inc. went back to the bargaining table Friday, trying to end an 11-day strike that has affected factories in the U.S. and Canada.
Company [...]

Friday, March 7, 2008
GM ends Wagoner’s pay cut
Salary of CEO restored to $2.2M, the level it was before 2006, when company lost $10B.
Sharon Terlep / The Detroit News
General Motors Corp. is ending the self-imposed pay cut Chief Executive Rick Wagoner took in 2006 just after the company posted a $10 billion annual loss.
Wagoner’s annual salary [...]