Pension agency to go to court vs Delphi, GM
Analysts say the move isn’t a surprise
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Automotive News | September 11, 2008 – 3:15 am EST
DETROIT (Reuters) — The U.S. government’s pension insurance agency has told bankrupt auto parts maker Delphi Corp. it would go to court on Friday to secure a claim on an additional $900 [...]
Thursday, September 11, 2008
Auto briefs
GM settles lawsuits over faulty engine gaskets
General Motors Corp. agreed to settle 17 Canadian lawsuits claiming a defective part in cars made between 1995 and 2003 caused engines to overheat and seize, a lawyer for the plaintiffs said. GM will pay car owners C$50 ($47) to C$800 each for costs of [...]
Thursday, September 11, 2008
Vehicles database goes online
NHTSA statistics released after six-year fight lists deaths, injuries, property claims, suits, tires, recalls.
David Shepardson / Detroit News Washington Bureau
WASHINGTON — After a six-year battle, federal safety regulators opened to the public a database Wednesday that details thousands of deaths, injuries and property claims made to auto and tire [...]
Thursday, September 11, 2008
Groups back auto industry loans
Industry association, UAW urge Congress to OK $25B to retool
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Direct loans to the auto industry drew additional support Wednesday from two influential groups, the United Auto Workers and the National Association of Manufacturers.
UAW President Ron Gettelfinger said he is optimistic [...]
Thursday, September 11, 2008
Chrysler ties loans to tech race
Press: Fed cash needed to keep Big 3 competitive; ‘It’s not a free bailout’
Christine Tierney / The Detroit News
DETROIT — Chrysler LLC President Jim Press defended a controversial plan to provide low-cost, federal loans to automakers, saying U.S. manufacturers needed the money to help them pursue technological [...]
Thursday, September 11, 2008
Ford: Trim 4,200 more workers
Dearborn automaker hopes latest round of buyouts will reduce surplus of hourly employees.
Bryce G. Hoffman / The Detroit News
Ford Motor Co. told leaders of the United Auto Workers that it still has about 4,200 more hourly workers in its U.S. plants than it needs, and it is hoping [...]
