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 [...]
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 [...]
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 [...]
Hans Greimel Automotive News | January 27, 2009 – 11:24 am EST It’s official: Honda kills S2000 roadster queryvar=”its,official:,honda,kills,s2000,roadster”; 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 [...]
Chrissie Thompson Automotive News | January 26, 2009 – 12:33 pm EST GM cuts 2,000 jobs, reduces production further as sales fall queryvar=”gm,cuts,2,000,jobs,reduces,production,further,as,sales,fall”; 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 [...]
Suppliers prepare pitch for $10 billion in federal loans queryvar=”suppliers,prepare,pitch,for,$10,billion,in,federal,loans”; 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. [...]
