Pension agency to go to court vs Delphi, GM Analysts say the move isn’t a surprise queryvar=”pension,agency,to,go,to,court,vs,delphi,gm”; 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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, [...]
