Monday, June 30, 2008
Delphi retirement plan gets $2.2 million
Associated Press
TROY — The federal government has obtained court approval to restore $2.2 million in retirement plan assets owed to hourly employees of auto supplier Delphi Corp.
The U.S. Department of Labor said in a statement Monday the settlement approved by U.S. Bankruptcy Court ensures assets are available [...]

Monday, June 30, 2008
When pickup sales dived, automakers changed plans
TOM KRISHER / AP Auto Writer
DEARBORN — Every morning, just after getting coffee, Mark Fields fires up his laptop to pore over a computer model showing real-time U.S. auto sales figures.
On this morning in the middle of May, the man who heads Ford Motor Co.’s Americas [...]

The Detroit 3 cash crunch: How bad is it?
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David Barkholz
and Jamie LaReau and Bradford Wernle
Automotive News | June 30, 2008 - 12:01 am EST
 
 
Can the Detroit 3 hang on?
The startling collapse in sales since April means the three automakers are burning through cash reserves at a terrifying rate.
Suddenly they have far more urgent [...]

Monday, June 30, 2008
Drivers paid to retire old cars
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Some U.S. states and Canada are boosting efforts to get older, dirtier cars off the roads.
The moves come as people are holding onto vehicles longer than ever, amid a weakening economy. And it’s expected that people will hold on [...]

 
Chevy to launch Traverse ads during Olympics
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Jamie LaReau
Automotive News | June 30, 2008 - 12:01 am EST

ENLARGE

To generate buzz, Chevrolet will advertise the new Traverse two weeks before production starts.

 
DETROIT [...]