Modified: Thursday, October 22, 2009, 6:00am CDT
Jobs, plants fading away
Leaner landscape on manufacturing horizon
Nashville Business Journal – by Jim Wojciechowski Contributing Writer
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Greater Nashville has lost nearly one out of every four of its manufacturing jobs in the past three years.
And further losses are anticipated through 2010, with no sustainable employment gains expected as the [...]
October 22, 2009
http://detnews.com/article/20091022/BIZ/910220449
Feds to slash salaries of bailout execs
GM, Chrysler among firms to cut pay for top 25 managers
DAVID SHEPARDSON
Detroit News Washington Bureau
Washington — The Obama administration will slash the pay of top executives at seven firms that received government bailouts — including General Motors Co., Chrysler Group LLC, Chrysler Financial LLC and GMAC [...]
October 23, 2009
http://detnews.com/article/20091023/AUTO01/910230358
GM concerned about suppliers’ viability
ROBERT SNELL
The Detroit News
General Motors Co. expects more parts suppliers will struggle financially and is monitoring about 150 companies as the auto industry tries to recover.
Bob Socia, vice president of GM’s global purchasing and supply chain, expects some suppliers will have trouble surviving as industry volumes increase next [...]
October 22, 2009
http://detnews.com/article/20091022/AUTO01/910220369
GM tweaks health plans
Retirees, most salaried workers to make switch
DAVID SHEPARDSON
Detroit News Washington Bureau
General Motors Co. is moving most of its 24,000 salaried workers away from traditional health care programs and into so-called Consumer Driven Health Plans starting Jan. 1.
The employees are being offered two options, said GM spokeswoman Brenda Rios.
One plan [...]
October 23, 2009
http://detnews.com/article/20091023/AUTO01/910230354
Chrysler Financial to liquidate by end of 2011, U.S. says
DAVID SHEPARDSON AND ALISA PRIDDLE
The Detroit News
Washington — The Treasury Department said Thursday that Chrysler Financial is working to close its doors by the end of 2011.
"Chrysler Financial is currently following Treasury’s directive to liquidate its business in an orderly fashion," said Kenneth [...]
October 23, 2009
http://detnews.com/article/20091023/AUTO01/910230348
Ford union workers protest contract changes
BRYCE G. HOFFMAN
The Detroit News
Ford Motor Co.’s River Rouge complex has become a hotly contested battlefield as the United Auto Workers and union dissidents square off over proposed contract changes.
Late Wednesday, UAW Vice President Bob King, who heads the union’s national Ford section was confronted by members [...]
