GM Leaders: Like each of you, I see a steady stream of media coverage and receive lots of questions about the continued challenges that GM and all automakers in the U.S. are facing. The rapid rise in fuel prices and change in auto industry sales mix have made market and economic conditions very challenging. We’re [...]

Tuesday, July 1, 2008 Chrysler cuts back minivan output Automaker latest to slash truck production as fuel prices shift consumer demand to smaller vehicles. Eric Morath / The Detroit News Chrysler LLC, facing plummeting sales of its trucks and minivans, followed its crosstown rivals Monday in significantly cutting production as rising gas prices push consumers [...]

Tuesday, July 1, 2008 Auto stocks hit new, old lows Associated Press DETROIT — Shares of General Motors Corp. dropped to their lowest level in more than half a century, and Ford Motor Co. stock also tumbled to a new low Monday amid rising fuel prices and the possibility of poor sales numbers for June. [...]

Tuesday, July 1, 2008 Brian J. O’Connor Make buyout worth it Most of them already have left, but today marks the official end of GM’s latest round of buyouts, with 17,398 hourly workers taking the latest offer. For GM employees who were eligible to receive full pensions, the $45,000 or $62,500 incentive is a nice [...]