GM preparing cuts in contract workforce queryvar=”gm,preparing,cuts,in,contract,workforce”; Amy Wilson and Robert Sherefkin Automotive News | September 30, 2008 – 12:01 am EST DETROIT — General Motors will begin cutting U.S. contract workers as early as next week. The reduction in GM’s contract staffing is part of a bigger effort to reduce the [...]
Heard lawyer: Dealer is ‘out of money’ Court approves funding for liquidation and other expenses queryvar=”heard,lawyer:,dealer,is,‘out,of,money’”; April Wortham and Chrissie Thompson Automotive News | September 29, 2008 – 12:01 am EST ENLARGE A Bill Heard Enterprises employee locks the gate at the flagship Chevrolet store in Columbus, Ga. Photo credit: SHANNON SZWARC/LEDGER-ENQUIRER A [...]
Tuesday, September 30, 2008 Auto briefs Bush nominates new highway safety chief WASHINGTON — The Bush administration has nominated David Kelly to lead the federal agency that regulates the auto industry. President Bush nominated Kelly on Monday to be the administrator of the National Highway Traffic Safety Administration. Kelly has served as acting administrator since [...]
Tuesday, September 30, 2008 Carmakers wince as bailout fails Worries spread that if credit markets stay tight, fewer buyers will get car loans and sales will dive. David Shepardson / Detroit News Washington Bureau WASHINGTON — Automakers and legislators warned Monday that the auto financing market was in danger of collapsing after a $700 billion [...]
Monday, September 29, 2008 GM stock hits 54-year-low on bailout vote David Shepardson / The Detroit News General Motors Corp. stock plunged to a 54-year-low Wednesday on the House vote to reject a $700 billion Wall Street bailout, while other auto sector stocks also were hammered. GM stock fell 12.8 percent to $8.51, losing $1.25 [...]
Saturday, September 27, 2008 GM wants 100-mpg rating for ’10 Volt David Shepardson / Detroit News Washington Bureau WASHINGTON — Will the Volt break the 100 mpg barrier? General Motors Corp. said Friday it has reached a preliminary agreement with the California Air Resources Board about how to classify its Chevy Volt in [...]
Target for Traverse: No. 1 in large crossovers queryvar=”target,for,traverse:,no,1,in,large,crossovers”; Amy Wilson Automotive News | September 29, 2008 – 12:01 am EST ENLARGE Early incentives could help the Traverse beat Highlander and Pilot. DETROIT — Toyota and Honda dominate the large-crossover segment, but Chevrolet says it can beat them both with the new Traverse. [...]
Credit freeze plunges Detroit 3 in cash crisis queryvar=”credit,freeze,plunges,detroit,3,in,cash,crisis”; Jim Henry Automotive News | September 29, 2008 – 12:01 am EST The Detroit 3 face a cash crisis that threatens their solvency before an anticipated recovery in 2010, analysts suggest. Credit largely has dried up for the Detroit 3 at a time [...]
3 strategies, with the wolf at the door GM, Ford and Chrysler place new-product bets queryvar=”3,strategies,with,the,wolf,at,the,door”; Bradford Wernle Automotive News | September 29, 2008 – 12:01 am EST DETROIT — Call it Chrysler’s Hail Mary strategy. Caught in a vise between looming federal fuel economy regulations and its own desperate financial circumstances, Chrysler [...]
Mitsubishi, UAW reach tentative agreement queryvar=”mitsubishi,uaw,reach,tentative,agreement”; Lindsay Chappell Automotive News | September 26, 2008 – 10:56 am EST Mitsubishi Motors North America Inc. has reached a tentative labor agreement with its U.S. factory workers after three weeks of operating without a contract. Workers at the Normal, Ill., plant learned of the agreement today [...]
Hendrick, Gregory vying for Heard stores queryvar=”hendrick,gregory,vying,for,heard,stores”; Chrissie Thompson Automotive News | September 26, 2008 – 4:30 pm EST The 58-store dealership group owned by NASCAR-team owner Rick Hendrick has discussed expanding its company with “the folks at Bill Heard Enterprises,” Hendrick said late Friday in a statement. Hendrick Automotive Group is [...]
GM preparing cuts in contract workforce queryvar=”gm,preparing,cuts,in,contract,workforce”; Amy Wilson and Robert Sherefkin Automotive News | September 26, 2008 – 8:12 pm EST DETROIT — General Motors will begin cutting U.S. contract workers as early as next week. The reduction in GM’s contract staffing is part of a bigger effort to reduce the [...]
GM shuts down minivan plant in Georgia queryvar=”gm,shuts,down,minivan,plant,in,georgia”; Automotive News | September 26, 2008 – 2:11 pm EST General Motors today made its last minivan at the 60-year-old Doraville, Ga., assembly plant, the Atlanta Journal-Constitution newspaper reported. The plant closure took place a day earlier than scheduled and only a handful of [...]
Philip Nussel and Lindsay Chappell Automotive News | September 26, 2008 – 10:56 am EST Mitsubishi North America and the UAW said today they have reached a tentative contract agreement after several weeks of tenuous negotiations. The existing contract expired on Aug. 28. On Sept. 7, the two sides said [...]
Friday, September 26, 2008 Daniel Howes Big 3′s fed loans only 1st step With demand for autos and trucks falling, carmakers must get it right this time to survive brutal economic marketplace. Getting federal loans may turn out to be the easy part for Detroit’s automakers. With House approval of a $25 billion direct loan [...]
