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Monthly Archives: February 2009
[$$] GM Bondholders Seek U.S. Backing of Debt (at The Wall Street Journal Online)
Jaguar Land Rover has won a £600m order to supply 13,000 vehicles to China, in a rare piece of good news for the beleaguered automotive industry.source Tags: GM, Jaguar, Land Rover, Rover
[$$] Germany’s ‘Scrap’ Bonus Fuels Car Sales (at The Wall Street Journal Online)
Jaguar Land Rover has won a £600m order to supply 13,000 vehicles to China, in a rare piece of good news for the beleaguered automotive industry.source Tags: Jaguar, Land Rover, Rover
Jaguar Land Rover secures order from China (at FT.com)
Jaguar Land Rover has won a £600m order to supply 13,000 vehicles to China, in a rare piece of good news for the beleaguered automotive industry.source Tags: Jaguar, Land Rover, Rover
UAW workers at Ford's Sterling axle plant approve contract changes – DetNews.com
UAW workers at Ford's Sterling axle plant approve contract changesDetNews.com, MIUnited Auto Workers members from Local 228 at the Sterling Heights plant ratified the contract by a vote of 59 percent to 41 percent, according to a UAW source. The … Continue reading
Traders Await Jobs Report, Personal Consumption Data (at Forbes.com)
Back in January, Mercedes-Benz reported a drop in sales of 43 per cent, General Motors was 48 per cent down and Volvo 65 per cent. As for Bentley, it shifted a mere 53 cars worldwide throughout the month against 132 … Continue reading
The collectors’ car market is thriving (at FT.com)
Back in January, Mercedes-Benz reported a drop in sales of 43 per cent, General Motors was 48 per cent down and Volvo 65 per cent. As for Bentley, it shifted a mere 53 cars worldwide throughout the month against 132 … Continue reading
Ford UAW Locals Consider Concessions – WDIV
NBC13.com Ford UAW Locals Consider ConcessionsWDIV, MIMembers of UAW Local 600 in Dearborn met Saturday to learn details of the agreement. Outside the union hall, Local 4 talked with members and retirees and found mixed feelings. Retiree Ron Lare does … Continue reading
VIDEO from Medialink and General Motors: Many Who Can’t Afford New Turn to Used (PR Newswire)
It’s no secret that new car sales in the U.S. have been in a steep decline for several months as people worry about their financial future.source Tags: Ford, General Motors
The Incredible Shrinking 401(k) Employer Match (at The Wall Street Journal Online)
Ford Motor Co. executives met Friday with the Obama administration’s auto industry task force but the company said it was not seeking emergency financial aid.source Tags: Ford
[video] GM Faces Mounting Uncertainty (at TheStreet.com)
Germany-based automaker Daimler AG has opened a new $300 million plant in Mexico that will produce up to 30,000 trucks annually for the Mexican, U.S. and Canadian markets.source Tags: Daimler, GM, truck
[$$] GM Bondholders Seek Meeting With Obama Auto Team (at The Wall Street Journal Online)
Germany-based automaker Daimler AG has opened a new $300 million plant in Mexico that will produce up to 30,000 trucks annually for the Mexican, U.S. and Canadian markets.source Tags: Daimler, GM, truck
Automaker Daimler opens truck plant in Mexico (AP)
Germany-based automaker Daimler AG has opened a new $300 million plant in Mexico that will produce up to 30,000 trucks annually for the Mexican, U.S. and Canadian markets.source Tags: Daimler, truck
A look at Ford’s EcoBoost engine (AP)
What Ford Motor Co. says about its EcoBoost 3.5-liter, V-6 EcoBoost engine: — Will be available in Ford, Lincoln and Mercury vehicles in North America during the next five years, beginning with the new Lincoln MKS sedan in 2009.source Tags: … Continue reading
TALKING BUSINESS: Car industry skids – Sofia Echo
TALKING BUSINESS: Car industry skidsSofia Echo, BulgariaBashers sometime forget that the three carmakers have been in the process of slimming down for years, reaching an agreement with the powerful United Auto Workers (UAW) labour union in 2007 that would help … Continue reading
Analysts, car buyers suffer loss of confidence (AP)
As car buyers lose confidence, so do auto analysts. Consumer confidence is at all-time low. People are unable or unwilling to take on any additional payments. This has prompted auto analysts to slash their forecasts for sales of new cars … Continue reading