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 [...]
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 [...]
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 [...]
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 [...]
GM’s Wagoner ‘confident’ of winning UAW concessions queryvar=”gms,wagoner,confident,of,winning,uaw,concessions”; 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) — General Motors CEO Rick Wagoner said today he believes the automaker will win concessions from [...]
GM sees no potential buyers for Saab queryvar=”gm,sees,no,potential,buyers,for,saab”; 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 Swedish brand say. GM put [...]
