GM scraps big rwd sedans for Chevrolet and Buick
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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 fuel economy issues" killed the rwd vehicles, [...]

 
GM stock hits 26-year low after report
Ford shares also down
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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 then closed the day at $17.42 — down [...]

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 turnaround plan stalling in [...]

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. His beautiful [...]