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. [...]
Mitsubishi, UAW get one more extension queryvar=”mitsubishi,uaw,get,one,more,extension”; 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 [...]
Fed loans to industry are ‘top priority’ queryvar=”fed,loans,to,industry,are,‘top,priority’”; 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 [...]
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 [...]
Nissan creates large staff of quality inspectors queryvar=”nissan,creates,large,staff,of,quality,inspectors”; 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 [...]
Wagoner says U.S. market ‘unsteady’ even with incentives queryvar=”wagoner,says,us,market,unsteady,even,with,incentives”; 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 [...]
GM to spend $500 million to launch Cruze in U.S. queryvar=”gm,to,spend,$500,million,to,launch,cruze,in,us”; 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 General Motors said today it is making a $350 million investment to prepare its [...]
