14 hrs ago | Globeinvestor.com
American Axle says UAW contract talks stall
“Unfortunately, negotiations have stalled since late Sunday over two issues: health-care benefits for actively employed (workers) and supplemental unemployment benefits.”
Auto parts supplier American Axle & Manufacturing Holdings Inc said on Tuesday contract talks with the United Auto Workers union aimed at settling a three-month-old strike had stalled since Sunday. via Globeinvestor.com
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Buick Forum & Polls23 hrs ago | WLNS-TV Lansing
General Motors COO says US auto industry is in a recession
General Motors Corp. Chief Operating Officer Fritz Henderson says the U.S. auto industry is in a recession. via WLNS-TV Lansing
Monday | WOOD-TV Grand Rapids
GM to close Windsor, Ontario, transmission factory in 2010
“Certain business cases here are challenging.”
General Motors Corp. plans to close its Windsor, Ontario, transmission factory in the second quarter of 2010, the automaker said Monday. via WOOD-TV Grand Rapids
Monday | KansasCity.com
Toyota says new US auto plant delayed
“We made adjustments within a certain range of time”
A senior Toyota executive said Monday that plans for a new auto assembly plant in Mississippi are being delayed by worries about slumping American auto sales and a broader U.S. economic slowdown.The vehicle ... via KansasCity.com
Sunday May 11 | El Paso Times
GM pledges $200 million to end strike
General Motors Corp. has agreed to kick in up to $200 million to help bring an end to a bitter 10-week strike at parts supplier American Axle and Manufacturing Holdings Inc., the Associated Press reported last ... via El Paso Times
Saturday May 10 | Detroit Free Press
“This well-capitalized, family investment firm is able to take a long-term view of its investments -- unlike many publicly traded companies”
General Motors Corp. said Wednesday it will resume first-shift production at its Wentzville, Mo., stamping and assembly plants starting Monday. via Detroit Free Press
Thursday May 8 | MLive.com
GM buys its Detroit headquarters for $626 million
“We opted to purchase it outright because of the condition of the real estate market”
General Motors Corp. said Thursday that the shaky real estate market convinced the automaker that it was a good time to buy its previously leased headquarters in downtown Detroit's towering Renaissance Center ... via MLive.com
Thursday May 8 | Bloomberg Business News
General Motors, Cerberus May Pledge $750 Million to Bolster GMAC, ResCap
General Motors Corp. and Cerberus Capital Management LP are discussing a plan that would require them to pay back a portion of a $3.5 billion rescue package for GMAC LLC's Residential Capital if the mortgage ... via Bloomberg Business News
Wednesday May 7 | Reuters RSS Reuters.com
Fitch says GM and Ford face heavy cash drains this year
“In the absence of a rebound in economic conditions and industry sales through 2009, both companies are likely to remain cash-flow negative during this period”
General Motors Corp and Ford Motor Co will continue to face heavy cash drains in 2008 and are expected to burn cash through 2009 unless industry sales rebound, Fitch Ratings said on Wednesday. via Reuters RSS Reuters.com
Wednesday May 7 | Futureoftheunion.com
GM To Resume Production At Missouri Plant
“We've been able to secure enough components to resume production”
General Motors Corp. on Wednesday said it will resume production at its Wentzville, Mo., assembly plant, idled for a nearly two months because of the strike at American Axle. via Futureoftheunion.com
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