Auto stocks rise and oil prices fall
GM, Ford shares bounce back
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Craig Trudell
Automotive News | July 16, 2008 – 3:19 pm EST
 
 
Share prices for automakers climbed by their largest margins in recent months today, while oil prices have dropped by $10 a barrel in two days.
Shares of General Motors and Ford Motor Co. each gained [...]

Thursday, July 17, 2008
Cutback plans boost GM stock
But analysts question firm’s long-term prospects
David Shepardson and Christine Tierney / The Detroit News
Shares of General Motors Corp. soared Wednesday, signaling that the automaker’s plans to raise $15 billion by the end of 2009 reassured investors and put their fears of bankruptcy to rest.
The Detroit automaker’s stock jumped [...]

Thursday, July 17, 2008
Auto briefs
Nonunion workers at parts supplier protest
Johnson Controls Inc . workers demanding union representation walked out at a plant in Tennessee that supplies seats and consoles for General Motors Corp.’s forthcoming Chevrolet Traverse. About 170 nonunion workers began picketing at 5 a.m. today at the Johnson Controls factory in Columbia, said Mike [...]

July 17, 2008

Strike may delay plant start-up in Spring Hill

Johnson Controls supplies parts for new GM crossover

By G. CHAMBERS WILLIAMS III
Staff Writer
Workers for a Columbia company that builds seats and consoles for the new Chevrolet Traverse crossover utility vehicle, which will be built at General Motors Corp.’s Spring Hill plant, went on strike Wednesday, [...]

Auto news in brief: Strike at Johnson Controls
 
July 17, 2008
Johnson Controls strike
Johnson Controls Inc. workers at a plant in Tennessee that supplies seats and consoles for General Motors Corp.’s Chevrolet Traverse began striking Wednesday.
About 170 workers walked out at the Johnson Controls factory in Columbia, said Vicki Hale, a spokeswoman at UAW Local 1853. The [...]