GM scraps big rwd sedans for Chevrolet and Buick queryvar=”gm,scraps,big,rwd,sedans,for,chevrolet,and,buick”; Jamie LaReau and Rick Kranz Automotive News | May 26, 2008 – 12:01 am EST     DETROIT — General Motors has killed plans to develop large rear-drive sedans for Chevrolet and Buick. The result: The next-generation Chevrolet Impala will remain front drive. "Serious [...]

  GM stock hits 26-year low after report Ford shares also down queryvar=”gm,stock,hits,26-year,low,after,report”; Andrew Grossman Automotive News | May 27, 2008 – 12:08 pm EST     General Motors’ stock price hit a 26-year low this morning after Citigroup Inc. downgraded the company’s outlook from “buy” to “hold.” GM shares bottomed out at $16.87 and [...]

Wednesday, May 28, 2008 Ford to slash up to 12% of salaried jobs Involuntary layoffs planned as sales slump; Rising gas, steel prices stall turnaround Bryce G. Hoffman / The Detroit News Ford Motor Co. will cut its U.S. salaried work force by between 10 percent and 12 percent in an effort to jump-start a [...]

Corporate entitlement behind American Axle strike My father-in-law Ed is emblematic of the business titans who once ruled Corporate America with a moral backbone and a profound understanding of their public responsibility that reflected the communitarian spirit of their time. Few Michigan corporate leaders could brag about the heights that Ed reached during his career. [...]