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 [...]
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 [...]
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 [...]
Saab says it will resume output after bid deadline dropped Automotive News Europe | December 30, 2009 11:53 CET AMSTERDAM (Reuters) – General Motors Co. has extended a Dec. 31 deadline for bids for Saab, which will restart some production lines in January after a holiday shutdown, Saab said on Wednesday. GM had [...]
GM hires ex-AT&T lobbyists; Cole to retire James B. Treece Automotive News | December 30, 2009 – 12:57 pm EST DETROIT — General Motors Co. today named two former AT&T executives to head its government relations activities. John Montford will be a senior adviser to GM Chairman Ed Whitacre Jr., who formerly headed [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 document.write(”); CollectiveMedia.createAndAttachAd(“q1-63738982_1261701350″, “http://ad.doubleclick.net/adj/q1.latimes/bus;net=q1;u=,q1-63738982_1261701350,115188e1d406900,Miscellaneous,cm.auto_L-cm.ziff_all-cm.auto-q1.jobs_L-q1.auto_M;;ord1=245100;sz=300×250;contx=Miscellaneous;btg=cm.auto_L;btg=cm.ziff_all;btg=cm.auto;btg=q1.jobs_L;btg=q1.auto_M;ord=6623720?”,”300″,”250″); During a routine test on its Sienna minivan [...]
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] [...]
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 [...]
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 [...]
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 [...]
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 [...]
