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Significant Developments: Auto & Truck Manufacturers - Reuters
reuters reported that general motors corporation said it plans to reduce pickup truck and suv production by 170,000 units in the second half of the year, while increasing the output of cars. summer shutdowns will be extended in seven gm truck plants ...
www.reuters.com

Japanese Auto Supplier To Bring 100 Jobs To State
gov. steve beshear announced an auto supplier will bring 100 jobs to lebanon, southeast of frankfort, as a result of his recent trip to japan.
www.courier-journal.com

China Bailouts Distressed Us, Europe: Bank, Finance, Outsourcing, Trade, Jobs, Politics
is rising china or india trying to bailout the dying us and european economy and finance? watch out on the chinese century vs global politics, trade, leadership, finance, and jobs! what is behind china's global empire dream?
valparaiso.indymedia.org

Gmac Reorganization: More Proof Of Tough Times - Cnbc
the news this morning that cerberus capital is re-organizing gmac's auto finance business is the latest indication the slowing economy and tighter credit are having a definite impact on the auto business. gmac's restructuring includes cutting a ...
www.cnbc.com

Gmac To Slash 5,000 Rescap Mortgage Jobs - Windsor Star
new york - gmac llc, the auto finance and mortgage company, plans to eliminate about 5,000 jobs at its residential capital llc unit and close all 200 gmac mortgage retail offices to combat weak housing and credit markets. the job cuts will affect ...
www.canada.com

Auto News In Brief: Gm To Cut Contract Jobs
general motors corp. says it has notified several employment agencies that it intends to cut contract jobs as it continues to shrink its workforce to match lower u.s. sales.
www.freep.com

Canada Braces For Impact Of Falling U.s. Auto Sales
the canadian auto industry is bracing for the direct impact of slumping u.s. auto sales that have reached their lowest point in 15 years.
www.ctv.ca

Personal Finance Briefs - Detroit News
can't sleep? welcome to the 3 a.m. club. a survey in the september issue of consumer reports found that 44 percent of u.s. adults are what the magazine calls "problem sleepers." that means, for at least eight nights out of the month, they toss and ...
www.detnews.com

General Motors Corp. - Chicago Tribune
it's the last day of work for between 400 and 500 employees at general motors' suv plant in the dayton suburb of moraine. the workers are losing their jobs because the company eliminated the plant's second production shift. about 1,000 workers will ...
www.chicagotribune.com

Auto Dealers Feel Pain Of Credit Crunch
the tightening credit markets means countless car buyers are unable to get auto loans, and it’s hitting automotive dealerships hard.
www.msnbc.msn.com

Bowling Green Auto Parts Maker Announces Expansion
auto parts manufacturer american howa kentucky inc., which opened an 80,000-square-foot facility in bowling green in march, today announced plans for an expansion.
www.bizjournals.com

House Clears $25bn For Carmakers - Financial Times
the house of representatives on wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers and their suppliers finance plant modernisation at a time of restricted access to public capital ­markets. the automotive loans are ...
www.ft.com

Plant Closings - Chicago Tribune
american axle and manufacturing holdings inc. says it will cut more than half its u.s. hourly work force, or 2,000 jobs. the auto parts maker says today the cuts will come through early retirement and buyout offers, plant closures and layoffs. the ...
www.chicagotribune.com

China's Empire Dream: Chinese Multinationals, Travel, Finance, Banking, Stock Market, Jobs
watch out on the chinese century vs global politics, trade, leadership, finance, and jobs! what is behind china's global empire dream? explore vast finance, outsourcing, investment, stock market, and trade opportunities from china from a leading chinese strategist george zhibin gu.
santiago.indymedia.org

Hazardous Conditions For The Auto Industry
industry sales have dropped 26.6 percent over all compared with a year ago, and automakers have sold fewer than a million new cars in september, the first time since 1993.
www.iht.com

Big Gmac Job Cuts, Detroit Office Hit - Wxyz
detroit (reuters) - finance company gmac on wednesday said it would restructure its auto finance unit, cutting about 930 jobs and closing offices to conduct business from five regional offices in north america. the job cuts represent about 15 percent ...
www.wxyz.com

Automakers Downshift On Loan Requests - Usa Today
general motors says the rechargeable electric chevrolet volt will lead the automaker into its second century. some characteristics of the volt: lithium-ion batteries, which are still under development, are expected to propel the car up to 40 miles on ...
www.usatoday.com

China's New Role In Bailout Of Financial Crisis And Distressed Europe And Us
will rising china and india play a role in bailouts over financial crisis in us and europe? watch out on the chinese century vs global politics, trade, leadership, finance, and jobs! what is behind china's global empire dream?
santiago.indymedia.org

Obama Warns Of More Job Losses If Rescue Plan Fails (update1)
oct. 2 (bloomberg) -- barack obama warned michigan voters today that more jobs could be shed and losses in the automobile industry may worsen should congress fail to pass a $700 billion rescue plan aimed at shoring up the country's financial system.
www.bloomberg.com

Merrill Lynch Seals Future With Bank Of America Deal - Times Online
merrill lynch, the wall street investment bank, managed to seal a $50 billion (£27.9 billion) all-share deal to secure its long-term future just as its smaller rival lehman brothers filed for bankruptcy. the merrill lynch board, led by john thain ...
business.timesonline.co.uk