Friday, August 22, 2008
Oil prices fall over $6 on stronger dollar
Stevenson Jacobs / Associated Press
NEW YORK — Oil prices tumbled more than $6 a barrel Friday — the biggest one-day percentage plunge in nearly four years — after a rebounding dollar and a Russian troop pullback in Georgia sparked another frenzied sell-off.
Crude’s nosedive wiped out [...]
Mitsubishi, UAW get one more extension
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Lindsay Chappell
Automotive News | August 22, 2008 - 4:22 pm EST
Mitsubishi and its American union agreed this afternoon to another extension of their previously delayed contract, which was scheduled to end at 11:59 p.m. on Aug. 28.
The sides have agreed to extend the contract one more week for negotiations [...]
Fed loans to industry are ‘top priority’
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Harry Stoffer
Automotive News | August 22, 2008 - 10:56 am EST
WASHINGTON — When Congress voted last December to offer government loans to automakers and suppliers to retool their factories, the plan seemed an afterthought with an uncertain future. The uproar over a 40 percent increase in vehicle fuel [...]
Friday, August 22, 2008
Chrysler workers get same 2009 vacations
Automaker wants all employees, salaried and blue collar, to take two weeks off next July.
Tom Krisher / Associated Press
DETROIT — Chrysler LLC has decided to keep its requirement that all workers take the same two-week summer vacation.
The company told employees by e-mail on Wednesday that the 2009 [...]
Nissan creates large staff of quality inspectors
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Hans Greimel
Automotive News | August 21, 2008 - 10:53 am EST
TOKYO — Nissan Motor Co. is boosting the number of quality control inspectors and engineers more than twentyfold to 5,300. The goal is to halve the number of quality complaints on new cars by 2012.
The company’s Infiniti luxury [...]
Wagoner says U.S. market ‘unsteady’ even with incentives
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Automotive News | August 21, 2008 - 3:45 pm EST
LORDSTOWN, Ohio (Reuters) — General Motors CEO Rick Wagoner on Thursday said the U.S. auto market remained "unsteady" and it was too early to predict the success of its new incentive offer of employee discounts announced this week.
"It is [...]
GM to spend $500 million to launch Cruze in U.S.
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Craig Trudell
Automotive News | August 21, 2008 - 8:40 am EST
ENLARGE
The Chevrolet Cruze will make its global debut at the Paris auto show in October
[...]
