Thursday, August 7, 2008
Board tightens watch on GM
Directors vow support for CEO and team, but are keeping closer tabs in challenging times.
Christine Tierney / The Detroit News
The lead outside director of General Motors Corp. said Wednesday that Chairman and CEO Rick Wagoner has the board’s unanimous backing but added that directors are keeping closer tabs [...]

 
Ford met salaried cost cut goal
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Automotive News | August 6, 2008 - 4:32 pm EST
 
 
DETROIT (Reuters) — Ford Motor Co. has reached its goal of cutting salaried costs by 15 percent in North America under its overall restructuring and is prepared to cut more if necessary, a top executive said on Wednesday.
"We had to take [...]

 
Robert Sherefkin
Automotive News | August 7, 2008 - 12:01 am EST
 
 
 
DETROIT — Chrysler LLC appears headed for a crack up with Dana Holding Corp., one of its largest and oldest driveline parts suppliers.
Dana, in a statement released Wednesday evening, said it has asked a U.S. Bankruptcy Court in New York to allow it [...]

 
Toyota posts 39% drop in Q1 profit
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Automotive News | August 7, 2008 - 2:45 am EST

ENLARGE

U.S. sales of the Toyota Prius fell 3.9 percent through July vs. the same period of 2007,
[...]

Ford launching blind-spot mirror on Edge this fall
August 6, 2008 4:52 PM ET
DEARBORN, Mich. (AP) - Ford Motor Co. said Wednesday it will introduce its new blind-spot mirror this fall on the 2009 Ford Edge crossover.
The automaker had planned to bring the mirror to market next year but moved up the date after getting so [...]