Wednesday, March 19th, 2008

Ford to lay off some 2500 workers

By Kevin Krolicki
DETROIT (Reuters) - Ford Motor Co said on Monday it would eliminate shifts at four U.S. plants and lay off some 2,500 workers — or almost 5 percent of its remaining work force — as part of an effort to cut costs and return to profitability next year.
The layoffs [...]

Wednesday, March 19th, 2008

UPDATE 1Ford to cut shifts lay off some 2500 workers

(Adds details, background, byline)
By Kevin Krolicki
DETROIT, March 3 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) said on
Monday it would eliminate shifts at four U.S. plants and lay
off some 2,500 workers — or almost 5 percent of its remaining
work force — as part of an effort to [...]

Wednesday, March 19th, 2008

UPDATE 1CAW strikes at TRW Automotive plant in Windsor

(Recasts, adds response from Chrysler, background)
CHICAGO, Feb 28 (Reuters) - The Canadian Auto Workers
called a strike on Thursday at a TRW Automotive Holdings Corp
(TRW.N: Quote, Profile, Research) plant that supplies parts for Chrysler minivans, the
second walkout by union workers at a North American parts maker
this week.
Chrysler said production [...]

Wednesday, March 19th, 2008

RPTUPDATE 1GM to idle truck plant due to American Axle strike

(Adds detail, background, byline)
By Kevin Krolicki
DETROIT, Feb 27 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research)
plans to idle a Pontiac, Michigan, truck assembly plant on
Thursday because of a strike against American Axle %26amp;
Manufacturing Inc (AXL.N: Quote, Profile, Research), a key supplier, a person familiar
with the matter said.
[...]

Wednesday, March 19th, 2008

GM to idle truck plant due to American Axle strike

By Kevin Krolicki
DETROIT (Reuters) - General Motors Corp plans to idle a Pontiac, Michigan, truck assembly plant on Thursday because of a strike against American Axle %26amp; Manufacturing Inc, a key supplier, a person familiar with the matter said.
GM will stop production at the plant where it makes the Chevrolet Silverado [...]

Saturday, February 23rd, 2008

Chrysler offers buyouts to hourly Detroit workers

By Ben Klayman
DETROIT (Reuters) - Chrysler LLC said on Monday it is offering buyouts of up to $100,000 each to hourly workers at 12 of its Detroit-area facilities as part of its November plan to eliminate up to 10,000 unionized jobs.
The offer will be extended to about 14,000 workers represented by [...]

Thursday, February 21st, 2008

CORRECTED GM eyes labor cost cuts increased revenue

Corrects date cost savings will be achieved in 1st paragraph
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) told analysts on Thursday that it expected to cut annual U.S. labor costs by $5 billion by 2011 and increase its revenues in all regions during 2008.

Thursday, February 21st, 2008

CORRECTED UPDATE 1GM sees significant improvement in operating results

(Corrects date cost savings will be achieved in 1st paragraph)
(Adds details on costs savings, projections for ‘09,’10)
DETROIT, Jan 17 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) told
analysts on Thursday that it expected to cut annual U.S. labor
costs by $5 billion by 2011 and increase its revenues in all
regions [...]

Wednesday, February 13th, 2008

GM#39;S Wagoner Sees Revival in Overseas Sales Growth U.S. Gain

GM;S Wagoner Sees Revival in Overseas Sales Growth, U.S. Gain
By Jeff Green and Greg Bensinger
Feb. 13 (Bloomberg) — General Motors Corp. Chief Executive
Officer Rick Wagoner said his recovery plan is working, even as
the world;s largest automaker reported the biggest [...]

Wednesday, February 13th, 2008

GM Enhances Buyout Offers to 74000 Union Workers (Update4)

GM Enhances Buyout Offers to 74,000 Union Workers (Update4)
By Greg Bensinger and Jeff Green
Feb. 12 (Bloomberg) — General Motors Corp. is increasing
buyout offers for its most senior U.S. workers to as much as
$62,500, encouraging more of its 74,000 union [...]