GMAC promotes COO De Molina to CEO
No changes seen in how GMAC runs auto lending business
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Automotive News | March 18, 2008 - 10:10 am EST
NEW YORK (Reuters) — GMAC, in the midst of struggles with mortgage-related losses, on Tuesday named Alvaro de Molina CEO effective April 1.
De Molina, 50, will succeed Eric Feldstein, 48, who [...]
Tuesday, March 18, 2008
Toyota fights Ontario union vote
Automaker will challenge Machinists, which filed an unfair labor practices claim against the company.
Alan Ohnsman / Bloomberg News
Toyota Motor Corp. engaged in unfair labor practices to sway workers at an Ontario plant where a representation election may be held this week, the Machinists union said in a [...]
Tuesday, March 18, 2008
On final day for buyout, Ford holds breath for last-minute retirees
Sources in automaker, UAW say there are few volunteers for early exit.
Bryce G. Hoffman / The Detroit News
Today is the last day for Ford Motor Co.’s U.S. hourly workers to sign up for what the automaker is calling its last, best buyout [...]
Tuesday, March 18, 2008
GM stock falls amid investors’ worries
Shaky economy, American Axle strike contributes to market decline.
Sharon Terlep / The Detroit News
General Motors Corp. shares tumbled again on Monday, dragged down by a plethora of worries on Wall Street — from growing stress over the economy to the lingering strike at parts supplier American Axle.
GM [...]
