Toyota chief says yen has strengthened too much   queryvar=”toyota,chief,says,yen,has,strengthened,too,much”; 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 [...]

GM says 29 plants now affected by Axle strike   queryvar=”gm,says,29,plants,now,affected,by,axle,strike”; 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 [...]

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. [...]

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 [...]