Archive for May, 2008

Friday, May 30th, 2008

Thousands of auto workers take General Motors buyout offer - WIVB

Thousands of auto workers take General Motors buyout offerWIVB, NY -10 hours ago(WIVB) - Thousands of auto workers across the country are heading out the door for good. General Motors says 19000 employees, about a quarter of its United …19000 GM workers to take latest buyoutIndianapolis StarGM: 19000 Workers Take BuyoutsWall Street JournalGM says 19000 buyouts in […]

Friday, May 30th, 2008

PREVIEW-US May auto sales seen down near decade lows - Reuters

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PREVIEW-US May auto sales seen down near decade lowsReuters -9 hours agoAnalysts expect May auto sales to drop more than 10 percent in May from a year earlier after adjusting for one more selling day compared with a year earlier …GM, Ford stock extend slide on dimming outlookReutersall 75 news articles

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Friday, May 30th, 2008

Slowing auto sector drives economy into Q1 decline: StatsCan - CBC.ca

Slowing auto sector drives economy into Q1 decline: StatsCanCBC.ca, Canada -39 minutes agoCutbacks in manufacturing got much of the blame, as a big drawdown in motor-vehicle inventories led to lower auto manufacturing and exports. …

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Friday, May 30th, 2008

Czech AAA Auto posts Q1 net loss, targets FY positive EBITDA UPDATE - Forbes

Czech AAA Auto posts Q1 net loss, targets FY positive EBITDA UPDATEForbes, NY -15 hours agoPRAGUE (Thomson Financial) - AAA Auto Group showed a first-quarter net loss hit by weakening car sales in its main markets, and the Czech used car dealer …

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Friday, May 30th, 2008

Ford's 'Global Car' To Roll Out in Mexico - Washington Post

Cars.com

Ford's 'Global Car' To Roll Out in MexicoWashington Post, United States -2 hours agoThe decision is a major setback for the United Auto Workers union, which has pushed Ford and other manufacturers to invest in US plants. …Ford to Build Fiesta in MexicoWall Street JournalFord to build Fiesta subcompact in Mexicoguardian.co.ukFord to build Fiesta in MexicoReutersEdmunds.com/Inside Line - […]

Friday, May 30th, 2008

China's Big Auto-Parts Makers May Do Fine as Road Turns Bumpy - Wall Street Journal

China's Big Auto-Parts Makers May Do Fine as Road Turns BumpyWall Street Journal -59 minutes agoSHANGHAI, China — After years of rapid growth, many of China's auto-parts makers seem to be hitting a speed bump as they cope with climbing wages, …

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Friday, May 30th, 2008

Facing an Auto Slump, Japan Lifts Capacity - BusinessWeek

BusinessWeek

Facing an Auto Slump, Japan Lifts CapacityBusinessWeek -1 hour agoNot in the US, their most profitable market, but back in Japan, where domestic auto sales just hit a 25-year low. Every major Japanese automaker is building …

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Thursday, May 29th, 2008

Edmunds.com expects May auto sales to fall 7.4% from last year - Forbes

Edmunds.com expects May auto sales to fall 7.4% from last yearForbes, NY -6 hours agoSAN FRANCISCO (Thomson Financial) - Edmunds.com said late Thursday it expects new vehicle sales in May to total 1.4 million units, down a 7.4% from last …

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Thursday, May 29th, 2008

GM: 19000 Workers Take Buyouts - Wall Street Journal

Wall Street Journal

GM: 19000 Workers Take BuyoutsWall Street Journal -5 hours agoThe buyout offers were made to all 74000 hourly workers represented by the United Auto Workers union. JP Morgan analyst Himanshu Patel, in a Thursday …UPDATE: GM: 19000 Workers Take Buyouts; Most Out By July 1CNNMoney.comGM says 19000 US factory workers take buyoutsReutersGM buyouts […]

Thursday, May 29th, 2008

Toyota, Nissan Lead Increase in April Japan Auto Production - Bloomberg

Toyota, Nissan Lead Increase in April Japan Auto ProductionBloomberg -33 minutes agoUS auto sales may drop to the lowest since 1995 this year, according to industry analysts. Still, Japanese brands will continue to make gains in market …

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