Posts Tagged ‘new model’

GM offers early retirement to 9,000 white collar workers

Friday, August 29th, 2008
As part of the ongoing numbers game between the Detroit 3, their workers and the UAW, General Motors has plans to offer more early retirement packages to some 9,000 of its white collar (non-unionized and salaried, that is) workers. For those who like to keep track of such things, that number represe......

VIDEO: Larger of view of production Volt, debut at centennial?

Monday, August 18th, 2008
Click above to watch a video with slides of the production Chevy VoltWe got our first sneak peek at the production Chevy Volt last week, but a recent presentation by Bob Boniface, director of design for the Volt, has revealed a bit more. We've pasted a video of the presentation and slide show after......

Bertone considers Detroit office, limited production for BAT 11

Monday, August 4th, 2008
Only months ago Bertone, one of the most famous design houses in Europe, looked like it was about to go under. The company had lost all its contracts, had a big operation to sustain, and went into bankruptcy protection. But like a phoenix from the ashes, Bertone is re-emerging, more streamlined and ......

No school for you! Chrysler cancels tuition assistance

Friday, August 1st, 2008
Following in the footsteps of cross-town rival Ford, which did the deed back in June of this year, Chrysler has just announced that it will no longer be paying for the tuitions of white-collar non-union workers. The automaker will continue to pay for classes that its workers are currently enrolled i......

Obama pledges $4b in aid for Detroit automakers

Wednesday, July 23rd, 2008
After nearly eight years of getting little or no attention from the White House, it seems as though Detroit's automakers will be a major focus the 2008 Election. With the economy looking worse by the day, lawmakers in Washington have been kicking around the idea of a second economic stimulus package......

Obama calls GM a “sobering reminder” of U.S. economy woes

Tuesday, July 15th, 2008
A quick glance at today's announcements from America's largest automaker is an easy indicator that the U.S. auto market, at the very least, is under as strong as recession as could be imagined. According to Presidential hopeful Barack Obama, the entire industry as a whole is facing a "perfect storm"......

More rumors of a Chrysler sale, bankruptcy

Monday, June 30th, 2008
Despite the fact that Chrysler shares are no longer sold on the stock market, rumors regarding the company's financial standing continue to haunt the number three domestic auto manufacturer in America. Last week, rumors regarding the negative cash flow were so rampant, a company spokesperson went ou......

Ford to market F-150 as a work truck

Wednesday, June 25th, 2008
The reality of $4 per gallon gasoline coupled with a major slowdown in construction work has conspired to put the US truck market in a world of hurt. Ford has already postponed the launch of the all-new F-150 by two months, and when the truck goes on sale, the Blue Oval will be focusing its marketin......

Buy a brick from a fallen Flint assembly plant

Friday, June 20th, 2008
Our first thought was "Boy, retirement plans sure ain't what they used to be." Reality, of course, is more banal, it's just UAW Local 651 going all nostalgic while demolition of the Flint East plant continues. The plant's last occupant was Delphi, but the plant has a history nearly as long as the au......

Sales of premium fuel fall sharply

Thursday, June 19th, 2008
The Detroit Free Press is reporting that the national average for premium gas is now $4.48 a gallon, some 40 cents more than regular, and that drivers are just refusing to buy it.Truth be told, most people who've been buying premium probably don't need it at all, but even among those whose engines s......