Tuesday, May 20, 2008
GM extends deadline for buyouts
Automaker hopes that giving extra week to workers at 4 plants will lure more to take offers.
Sharon Terlep / The Detroit News
General Motors Corp., looking to entice thousands of hourly workers into retirement, will give employees at four factories an extra week to decide whether to cut ties [...]

Ford may seek Volvo sale
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Automotive News | May 20, 2008 - 2:45 am EST

Ford CEO Alan Mulally

 
LONDON (Thomson Financial) — Ford Motor is cutting production at its Volvo unit to reduce the costs and losses at the Swedish brand, the Wall Street Journal [...]