Friday, January 9, 2009
Auto briefs
Toyota negotiating deal for lower salaries
TOKYO — Toyota Motor Corp. said Thursday it is negotiating with its workers in Japan to slash salaries as it stops production to adjust to slumping global demand. Toyota spokeswoman Ririko Takeuchi said the size of the cut is still undecided. She said talks are under [...]
Thursday, January 8, 2009
Wagoner: GM can survive without cutting retiree benefits
Robert Snell / The Detroit News
WARREN — General Motors Corp. is spending the first piece of $13.4 billion in federal loans on paying suppliers, bills, salaries and investing in new products, CEO Rick Wagoner said this morning during an interview on the "Today" show.
Wagoner and [...]
Friday, January 9, 2009
Strikes would imperil bailout funding
Work stoppage at GM, Chrysler would trigger fed loan default.
Robert Snell and David Shepardson / The Detroit News
General Motors Corp. and Chrysler LLC would be in default of up to $17.4 billion in federal loans if the United Auto Workers or another union engaged in a strike or [...]
Thursday, January 8, 2009
Toyota asks Japan workers to lower pay amid slump
Yuri Kageyama / Associated Press
TOKYO — Toyota Motor Corp. said Thursday it is negotiating with its workers in Japan to slash salaries as it stops production to adjust to slumping global demand.
Toyota spokeswoman Ririko Takeuchi said the size of the cut is still undecided. [...]
GM’s Wagoner ‘confident’ of winning UAW concessions
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Automotive News | January 8, 2009 – 8:30 am EST
ENLARGE
GM CEO Rick Wagoner and UAW President Ron Gettelfinger on Capitol Hill.
Photo credit: Reuters
DETROIT (Reuters) — [...]
GM sees no potential buyers for Saab
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Jamie LaReau
Automotive News | January 8, 2009 – 1:18 pm EST
GM hasn’t found a buyer for the Saab brand.
DETROIT — General Motors has found no interested buyers for Saab, sources familiar with efforts to sell the [...]
