Monday, November 3, 2008 Analysts: Big 3 woes imperil U.S. economy Alisa Priddle / The Detroit News Auto manufacturers and related businesses employ as many as 3.1 million workers across the United States, a broad network of jobs that loom large for federal officials considering taking steps to bolster domestic carmakers whose plummeting sales have [...]
GM starts Red Tag sales early Two new direct mail campaigns also launched queryvar=”gm,starts,red,tag,sales,early”; Jamie LaReau Automotive News | November 3, 2008 – 12:22 pm EST DETROIT — General Motors said today it is starting its annual Red Tag sale early this year. The sale, which typically begins just before Thanksgiving weekend, will [...]
Chrysler cut costs to survive downturn, CEO says queryvar=”chrysler,cut,costs,to,survive,downturn,ceo,says”; Automotive News | November 3, 2008 – 1:45 pm EST Chrysler CEO Bob Nardelli Photo credit: JOE WILSSENS DETROIT (Reuters) — Chrysler LLC took recent cost-cutting moves to survive a steep sales downturn and the turmoil in financial markets, CEO Bob Nardelli said today. [...]
The great revenue drop of 2008 queryvar=”the,great,revenue,drop,of,2008″; Automotive News | November 3, 2008 – 12:01 am EST ENLARGE It has been a truly lousy year for the auto industry, but you knew that. Still, let’s plumb the depths of the 2008 downturn a little further. Consider that even with this year’s shockingly steep decline [...]
Cash crunch grows: GM delays vehicles queryvar=”cash,crunch,grows:,gm,delays,vehicles”; Jamie LaReau Automotive News | November 3, 2008 – 12:01 am EST ENLARGE Major changes to the Chevrolet Malibu, shown, have been delayed a year. DETROIT — General Motors executives are running the company "minute by minute" as they slash the product development budget to save as [...]
Monday, November 3, 2008 Analysts: Big 3 woes imperil U.S. economy Alisa Priddle / The Detroit News Auto manufacturers and related businesses employ as many as 3.1 million workers across the United States, a broad network of jobs that loom large for federal officials considering taking steps to bolster domestic carmakers whose plummeting sales have [...]
