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GM Sees 19,000 Workers Accept Buyouts
May 31, 2008 - Approximately 19,000 hourly union workers at General Motors have accepted the negotiated buyout and will leave the company by July 1, allowing new hires to come on at the lower wage and benefit package.
May 31, 2008 - Approximately 19,000 hourly union workers at General Motors have accepted the negotiated buyout and will leave the company by July 1, allowing new hires to come on at the lower wage and benefit package.
More Cuts in the Offing at GM
May 29, 2008 - An undisclosed source speaking to the Associated Press has indicated that more job cuts and lowered production of trucks and SUVs will be announced at GM's annual meeting on June 3.
May 29, 2008 - An undisclosed source speaking to the Associated Press has indicated that more job cuts and lowered production of trucks and SUVs will be announced at GM's annual meeting on June 3.
Sanyo and VW Partner on Lithium-Ion Tech
May 28, 2008 - In an extension of an already existing collaborative effort, Sanyo Electric and Volkswagen will not jointly develop lithium-ion batteries for the next generation of hybrid vehicles.
May 28, 2008 - In an extension of an already existing collaborative effort, Sanyo Electric and Volkswagen will not jointly develop lithium-ion batteries for the next generation of hybrid vehicles.
Gas Prices Hit 20th Record in a Row
May 27, 2008 - Statistics released by the AAA on May 27 indicate gasoline prices hit a 20th consecutive record standing at $3.937 per gallon nationally with crude oil futures trading at $132 a barrel.
May 27, 2008 - Statistics released by the AAA on May 27 indicate gasoline prices hit a 20th consecutive record standing at $3.937 per gallon nationally with crude oil futures trading at $132 a barrel.
Soaring Cost of Fuel Lowers Memorial Day Weekend Travel
May 23, 2008 - According to figures compiled by AAA, for the first time since 2002, Memorial Day weekend travel will decline in the face of $3.831 per gallon gasoline with pockets of $4 per gallon in at least seven states.
May 23, 2008 - According to figures compiled by AAA, for the first time since 2002, Memorial Day weekend travel will decline in the face of $3.831 per gallon gasoline with pockets of $4 per gallon in at least seven states.
Tentative Agreement Could End American Axle Strike
May 22, 2008 - After a three-month strike that caused General Motors to partially halt operations at 30 facilities due to a shortage of parts, the United Auto Workers and American Axle may have reached a contract agreement.
May 22, 2008 - After a three-month strike that caused General Motors to partially halt operations at 30 facilities due to a shortage of parts, the United Auto Workers and American Axle may have reached a contract agreement.
Honda Announces Plans for Hybrid Fit
May 21, 2008 - In the face of rising oil and gas prices, Honda has reconsidered its initial refusal to build a subcompact hybrid and announced planned for a hybrid model of the Fit by 2015.
May 21, 2008 - In the face of rising oil and gas prices, Honda has reconsidered its initial refusal to build a subcompact hybrid and announced planned for a hybrid model of the Fit by 2015.
Experts Say High Gasoline Prices a Long-term Trend
May 20, 2008 - According to experts, the Memorial Day will not signal a decrease in gasoline prices that are not, in fact, a summer aberration but evidence of a deep-seated, long-term economic trend.
May 20, 2008 - According to experts, the Memorial Day will not signal a decrease in gasoline prices that are not, in fact, a summer aberration but evidence of a deep-seated, long-term economic trend.
As Prices Rise, Gas Saving Myths Abound
May 19, 2008 - With gasoline prices continuing to rise, advice about fuel economy are being wildly circulated. Most don't work, and some could even damage your car's engine.
May 19, 2008 - With gasoline prices continuing to rise, advice about fuel economy are being wildly circulated. Most don't work, and some could even damage your car's engine.
Prius Sales Top 1 Million Units
May 16, 2008 - After a decade on the road, the Toyota Prius, a gasoline-hybrid vehicle with near icon status, has achieved cumulative sales of more than 1 million units, saving 4.5 million tons of carbon dioxide emissions.
May 16, 2008 - After a decade on the road, the Toyota Prius, a gasoline-hybrid vehicle with near icon status, has achieved cumulative sales of more than 1 million units, saving 4.5 million tons of carbon dioxide emissions.
Canadian Union Reaches Agreements with GM, Chrysler
May 15, 2008 - On Thursday, May 15, the Canadian Auto Workers announced the negotiation of a new contract agreement with General Motors and an agreement "in principle" with Chrysler LLC.
May 15, 2008 - On Thursday, May 15, the Canadian Auto Workers announced the negotiation of a new contract agreement with General Motors and an agreement "in principle" with Chrysler LLC.
GM Facing Steep Money Raising Curve
May 14, 2008 - In order to refinance debt that will come due by 2010, General Motors will need to raise $9 billion over the next two years in the face of a rocky economic climate and poor automotive sales.
May 14, 2008 - In order to refinance debt that will come due by 2010, General Motors will need to raise $9 billion over the next two years in the face of a rocky economic climate and poor automotive sales.
Nissan On Track for Growth, Innovation by 2012
May 13, 2008 - In a bid to boost its global markets, Nissan is set to embark on a five-year business plan built on cost cuts, electric vehicle development, and emerging markets.
May 13, 2008 - In a bid to boost its global markets, Nissan is set to embark on a five-year business plan built on cost cuts, electric vehicle development, and emerging markets.
Gasoline Hits New Record Highs
May 12, 2008 - On Monday, May 12 figures compiled by AAA indicated that the national average per gallon price of gasoline climbed to $3.718, the fifth record level in a row.
May 12, 2008 - On Monday, May 12 figures compiled by AAA indicated that the national average per gallon price of gasoline climbed to $3.718, the fifth record level in a row.
GM Offers Financial Package to End American Axle Strike
May 09, 2008 - In a bid to end the United Auto Worker strike against its major supplier American Axle, General Motors will pay $200 million to "bridge the gap" between the two parties.
May 09, 2008 - In a bid to end the United Auto Worker strike against its major supplier American Axle, General Motors will pay $200 million to "bridge the gap" between the two parties.
American Economy Effects Toyota Profit
May 08, 2008 - The sluggish American economy is making itself felt around the world and is being blamed for Toyota's first projected annual profit losses in nine years.
May 08, 2008 - The sluggish American economy is making itself felt around the world and is being blamed for Toyota's first projected annual profit losses in nine years.
Strike Causes GM to Halt Orders for Big Trucks
May 07, 2008 - The ongoing American Axle & Manufacturing Holdings strike, which is depriving General Motors of needed parts, has caused the company to halt production of a number of full-sized trucks and SUVs.
May 07, 2008 - The ongoing American Axle & Manufacturing Holdings strike, which is depriving General Motors of needed parts, has caused the company to halt production of a number of full-sized trucks and SUVs.
Hyundai, Microsoft Partnership Announced
May 06, 2008 - In an announcement today from South Korea, Hyundai-Kia Automotive Group and Microsoft unveiled a partnership to supply advanced infotainment systems in North American Hyundai and Kia vehicles beginning in 2010.
May 06, 2008 - In an announcement today from South Korea, Hyundai-Kia Automotive Group and Microsoft unveiled a partnership to supply advanced infotainment systems in North American Hyundai and Kia vehicles beginning in 2010.
Compact and Sub-Compact Cars Sold Briskly in April
May 05, 2008 - In a trend that is shaking up the industry, 1 in 5 vehicles sold in April 2008 was a compact or sub-compact, a significant shift in automotive buying habits to the benefit of companies like Honda and Toyota.
May 05, 2008 - In a trend that is shaking up the industry, 1 in 5 vehicles sold in April 2008 was a compact or sub-compact, a significant shift in automotive buying habits to the benefit of companies like Honda and Toyota.
Gas Rose 15 Cents Over Past Two Weeks
May 05, 2008 - Over the past two weeks the price of gasoline jumped 15 cents per gallon with experts expecting even higher prices with the advent of the busy summer driving season.
May 05, 2008 - Over the past two weeks the price of gasoline jumped 15 cents per gallon with experts expecting even higher prices with the advent of the busy summer driving season.
Daimler Decreases Valuation of Its Chrysler Stake
May 01, 2008 - In its first quarter report made in Stuttgart on April 29, Daimler AG substantially reduced the value of its 19.9% share in Chrysler based on "falling residual values" of the American automaker's products.
May 01, 2008 - In its first quarter report made in Stuttgart on April 29, Daimler AG substantially reduced the value of its 19.9% share in Chrysler based on "falling residual values" of the American automaker's products.
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