December 30, 2009
http://detnews.com/article/20091230/BIZ/912300361
Most Mich. stocks may end ‘09 higher
Valassis looks to be state’s biggest winner at $18.47 a share, a 1,229% increase for the year
BRIAN J. O’CONNOR
Detroit News Finance Editor
As the year winds to a close, investors in Michigan-based companies will hope that 2009 is a sign of things to come: Despite starting the [...]
December 29, 2009
http://detnews.com/article/20091229/AUTO01/912290318
GM will recall 2005-07 Corvettes
Auto company to replace roofs after fix failed to work
DAVID SHEPARDSON
Detroit News Washington Bureau
General Motors Co. said Monday it is recalling 22,000 Chevrolet Corvettes over concerns that the roof may fly off the vehicle.
The new recall applies to 2005-07 model year Corvettes and Corvette Z06 models, and comes [...]
December 30, 2009
http://detnews.com/article/20091230/AUTO01/912300421
Merit pay returning at GM
ROBERT SNELL
The Detroit News
General Motors Co. is restoring merit pay for almost all salaried employees now that the automaker has stabilized since emerging from bankruptcy with about $50 billion in federal aid.
The merit pay plan, which will be restored in February, is a modest annual cash raise that [...]
Saab says it will resume output after bid deadline dropped
Automotive News Europe | December 30, 2009 11:53 CET
AMSTERDAM [...]
GM hires ex-AT&T lobbyists; Cole to retire
James B. Treece
Automotive News | December 30, 2009 – 12:57 pm EST
DETROIT [...]
December 29, 2009
GM offers deep discounts on Saturn, Pontiac brands
BY GREG GARDNER
FREE PRESS BUSINESS WRITER
News of General Motors’ aggressive discounting program for outgoing Saturn and Pontiac vehicles led to an avalanche of end-of-the-year businesses for GM dealerships — and consumers might be challenged to find the model they want.
“I’m down to about 15 cars and [...]
December 29, 2009
http://detnews.com/article/20091229/AUTO01/912290323
Upgrades add downtime for Chrysler plants
ALISA PRIDDLE
The Detroit News
Employees at some Chrysler Group LLC plants will be off the job for an extended holiday shutdown as a number of facilities are being prepared for stepped up production and vehicle upgrades in 2010.
In the U.S., four plants will remain closed the week of [...]
December 29, 2009
http://detnews.com/article/20091229/AUTO01/912290412
UAW says goodbye to Rouge leader Jerry Sullivan
LOUIS AGUILAR
The Detroit News
Dexter — An estimated 600 mourners paid final tribute Tuesday to Jerome "Jerry" Sullivan, the longtime leader of one of the largest chapters of the United Auto Workers union: Local 600 in the shadow of the Ford Rouge complex in Dearborn.
Sullivan, who [...]
December 26, 2009
Kentucky Truck Plant worker dies in accident
The Courier-Journal
A Ford worker died in an accident Saturday morning at the Kentucky Truck Plant, a company spokeswoman said.
“We can confirm that there was a tragic accident at the Kentucky Truck Plant that resulted in the death of a UAW Ford employee,” said Ford’s Marcey Evans. [...]
latimes.com
Toyota found to keep tight lid on potential safety problems
A Times investigation shows the world’s largest automaker has delayed recalls and attempted to blame human error in cases where owners claimed vehicle defects.
By Ken Bensinger and Ralph Vartabedian
December 23, 2009
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During a routine test on its Sienna minivan in April 2003, Toyota Motor Corp. [...]
Saab deal hopes fade, GM presses on with wind down
12:57pm EST
* Billionaire John de Mol says not involved in Saab talks
* GM pressing ahead with Saab wind-down plans-source
* Spyker shares down 1.4 percent in thin trading
By Kevin Krolicki and Gilbert Kreijger
DETROIT/AMSTERDAM, Dec 24 (Reuters) – General Motors Co
[GM.UL] is pressing [...]
A year later, GM plant attracting developers
By Thomas Gnau, Staff Writer
Updated 9:50 PM Wednesday, December 23, 2009
On the one-year anniversary of the final production day at General Motors Corp.’s last-operating local plant, Moraine leaders were confident that a developer will take over the site, perhaps early in 2010.
“It’s one of our primary focuses,” [...]
December 24, 2009
http://detnews.com/article/20091224/AUTO01/912240347
Ford shares at $10 in wake of Volvo deal
BRYCE G. HOFFMAN
The Detroit News
Shares in Ford Motor Co. hit double-digits for the first time since 2005 Wednesday, closing at $10.08, after the Dearborn automaker said it had finalized most of the terms to sell its Swedish brand, Volvo, to China’s Zhejiang Geely Holding [...]
December 24, 2009
http://detnews.com/article/20091224/OPINION03/912240352
Howes: It’s a season for hope in new Detroit
DANIEL HOWES
In 1914, Henry Ford introduced the $5 day, a gateway to the middle class and a rising standard of living that changed the face of Detroit and its auto industry for the better part of a century.
In 1937, the United Auto Workers reached [...]
December 24, 2009
http://detnews.com/article/20091224/AUTO01/912240351
GM’s new CFO to make $750K initially
CHRISTINE TIERNEY
The Detroit News
General Motors Co.’s new chief financial officer Christopher Liddell will be paid $750,000 in cash and receive stock awards worth much more if GM recovers.
Liddell, now CFO of software giant Microsoft Corp., stands to get as much as $5.45 million in GM stock [...]
