Tuesday, January 27, 2009
Mitsubishi extends downtime at Illinois factory
Associated Press
NORMAL, Ill. — Mitsubishi Motors North America says it will keep its factory in Normal, Ill., shut down for five extra weeks as it tries to reduce inventory levels in the sluggish auto market.
The Japanese automaker said Monday it will suspend production for 12 weeks, from [...]

Tuesday, January 27, 2009
Daniel Howes: Commentary
Emission policy missteps on Big 3

That didn’t take long.
Less than a week after his inauguration, President Obama signaled that any road to revival for Detroit’s automakers runs through a town called "Tough Love" in the state of California. Instead of a set of uniform standards for greenhouse gas emissions nationwide, [...]

Tuesday, January 27, 2009
Britain unveils auto industry help package
Associated Press
LONDON – Britain’s business secretary has unveiled a package of measures to help the country’s ailing auto industry get through the recession.
Peter Mandelson says the government will be applying to the European Union for 1.3 billion pounds ($1.8 billion) worth of special funds to help the [...]

Hans Greimel
Automotive News | January 27, 2009 – 11:24 am EST
 
It’s official: Honda kills S2000 roadster
 

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TOKYO — First Honda killed the NSX sports car. Now the S2000 roadster gets the ax.
The Japanese automaker confirmed press reports that it will stop making the two-seater in June, after a decade of production.
Honda is cutting the [...]

Chrissie Thompson
Automotive News | January 26, 2009 – 12:33 pm EST
 
GM cuts 2,000 jobs, reduces production further as sales fall
 

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General Motors will cut about 2,000 jobs at two plants and plans periodic shutdowns at about half of its 16 U.S. factories as consumers continue to shun new vehicles.
The automaker will eliminate one shift [...]

Suppliers prepare pitch for $10 billion in federal loans
 

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David Barkholz
Automotive News | January 27, 2009 – 4:14 pm EST
 
 

 
Parts suppliers this week intend to request $10 billion in federal aid to try to avert a rash of bankruptcies and possible liquidations, a supplier association chief said today.
The companies will ask for the loans to [...]