[$$] GM Bondholders Seek U.S. Backing of Debt (at The Wall Street Journal Online)
Jaguar Land Rover has won a £600m order to supply 13,000 vehicles to China, in a rare piece of good news for the beleaguered automotive industry.
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[$$] 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.
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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.
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UAW workers at Ford's Sterling axle plant approve contract changes – DetNews.com
UAW workers at Ford's Sterling axle plant approve contract changes
DetNews.com, MI United 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 amendment allows for the elimination of the controversial jobs bank program and allows … |
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 during the same time last year.
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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 during the same time last year.
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Ford UAW Locals Consider Concessions – WDIV
 NBC13.com |
Ford UAW Locals Consider Concessions
WDIV, MI Members 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 not like the deal. "These concessions are going to … GM Says Any UAW Deal Will Differ From Ford Pact – CFO UAW at the crossroads Ford offers UAW product pledges for cost cuts |
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.
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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.
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[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.
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[$$] 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.
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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.
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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.
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TALKING BUSINESS: Car industry skids – Sofia Echo
TALKING BUSINESS: Car industry skids
Sofia Echo, Bulgaria Bashers 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 cut their costs down the line. … |
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 and trucks this year, citing increasing uncertainty about whether the industry can rebound in the second half.
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