The strike at Johnson Controls in Columbia TN has ended. The eight day strike came to an end at 5:15 P.M. on Wednesday July 23, 2008.The UAW has been recognized by Johnson Controls as their collective bargaining agent. Employees at Johnson Controls return to work on their regular shifts on Thursday July 24.
There will [...]

UAW Recognized at Johnson Controls in Columbia, TN

The strike at Johnson Controls in Columbia TN has ended. The strike came to an end at 5:15 P.M. on July 23, 2008.

Thursday, July 24, 2008
Ford: $8.7 billion second-quarter loss
Bryce G. Hoffman / The Detroit News
DEARBORN — Ford Motor Co. posted a staggering $8.7 billion second-quarter loss today, largely due to write-offs associated with a decline in value of its North American assets Ford Credit’s lease portfolio.
But the dramatic shift away from big trucks and sport utility [...]

 
UAW says 2,200 Axle workers took buyouts
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Automotive News | July 23, 2008 - 2:16 pm EST
 
 
DETROIT (Reuters) — About 2,200 union workers at American Axle & Manufacturing Holdings Inc. have accepted buyout and retirement offers, exceeding the company’s target, a union official with knowledge of the matter told Reuters on Wednesday.
The number represents 60 percent [...]

 
Chrysler to cut 1,000 jobs, liquidity ‘unchanged’
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Automotive News | July 23, 2008 - 2:00 pm EST
 
 
DETROIT (Reuters) — Chrysler LLC said on Wednesday it plans to cut 1,000 salaried jobs by the end of September to slash costs and survive a deep industry downturn.
The privately held automaker, now controlled by Cerberus Capital Management, also said [...]

 
GM 2Q sales fall 5% worldwide, trails Toyota
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Jamie LaReau
Automotive News | July 23, 2008 - 11:04 am EST
 
 
DETROIT — Overseas markets bolstered General Motors’ global sales in the second quarter. But in North America, sales fell 20 percent from the year-ago period.
GM reported its second-quarter global sales fell 5 percent. The decline reflects continuing [...]

 
J.D. Power lowers U.S. sales forecast to 14.2M
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Craig Trudell
Automotive News | July 23, 2008 - 3:57 pm EST
 
 
Following the lead of automakers and analysts, J.D. Power and Associates has cut its projection of 2008 U.S. light-vehicle sales to 14.2 million units.
That is down 750,000 units from the 14.95 million that Power projected earlier this [...]

 
GM shares nearly double from historic low
Ford up; Gates buzz drives AutoNation shares
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Craig Trudell
Automotive News | July 23, 2008 - 4:35 pm EST
 
 
DETROIT — Shares of General Motors today reached levels that nearly doubled their value from half-century lows set earlier this month.
GM shares closed at $14.58 a share, up 26 cents, or 1.82 [...]