GM News:GM cutting 2,000 jobs in Michigan, Ohio

Article from The Detroit NewsNEW ORLEANS -- General Motors Corp. announced more production cuts and layoffs today because of weak demand affecting the U.S. auto industry. The automaker is eliminating a shift at its Delta Township plant near Lansing and...

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GM News: Saturn could survive; Chrysler: We'll be viable by spring

Robert Snell / The Detroit NewsNEW ORLEANS -- General Motors Corp. said today the Saturn brand could survive a broad restructuring plan being developed that involves selling, shrinking or killing half of its eight brands. All possibilities are being...

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Chrysler Fiat News|Fiat CEO says Chrysler concessions needed for deal

Fiat CEO says Chrysler concessions needed for dealFiat CEO Sergio Marchionne said he is optimistic that Chrysler can be turned around quickly. But Marchionne stressed that for the Fiat’s relationship with the Auburn Hills automaker to work, all of Chrysler’s...

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Chrysler News:U.S. $3 billion loan part of Chrysler-Fiat deal

DETROIT (Reuters) – Chrysler LLC's deal with Fiat SpA (FIA.MI) depends on the U.S. automaker receiving an additional $3 billion emergency loan from the U.S. government, the company's product development chief said on Wednesday."I think that is part of...

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Will Congress Stop The Chrysler Fiat Merger? Mixed reviews in Congress for Fiat-Chrysler deal

WASHINGTON – Fiat's proposed deal to take a 35 percent stake in Chrysler in exchange for access to a lineup of more fuel-efficient cars received mixed reviews in Congress on Wednesday, with one lawmaker suggesting it could raise questions among taxpayers.Sen....

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Chrysler Fiat Merger

From Forbes Jerry FlintThe announced deal between Chrysler and Fiat has benefits for both, but it is not a game changer--not yet.The alignment between Fiat of Italy and Chrysler does not exactly save Chrysler, but it gives Fiat an entry into the U.S....

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Chrysler News:Chrysler and Fiat sign merger agreement

Italian carmaker Fiat and US car concern Chrysler have signed an agreement to merge their companies, Chrysler disclosed.Chrysler, at its Auburn Hills, Michigan headquarters, said that the agreement is still preliminary and not yet binding.Further details...

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Chrysler News:Chrysler Says It Won't Sell Pieces of Company

DETROIT -- Chrysler LLC on Wednesday shot down fresh speculation the auto maker is considering selling off pieces of its operations amid increasing concern about its ability to survive.In a hastily organized conference call, Chrysler President Tom LaSorda...

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GM UAW News On Concessions

The latest news reported by Fox 2 Detroit:GM will not ask the UAW for wages concessions. Probably due to the fact that the last contract in 2007 included wages concessions. The new UAW assembly employees will earn around $14 dollars an hour. Remember...

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Chrysler News:Jeep To Renault-Nissan and Magna is Cerbrus Selling off Chrysler?

Another Chrysler sell off article!Jeep To Renault-Nissan, Belvidere To Magna Steyr, PT Cruiser To China. MaybeChrysler has been - some say desperately - seeking to “sell key assets” for a while. The Nikkei (sub) now says that Chryler might be getting...

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Chrysler News:Corker hopes Chrysler will merge

Senator says GM's debt load is too highRick Kranz Automotive News DETROIT -- Tennessee U.S. Senator Robert Corker came to the Detroit auto show today and said Chrysler LLC needs to find a merger partner and General Motors is carrying too much debt.Corker,...

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Chrysler News:Chrysler 200c EV concept offers social networking capabilities

The Chrysler 200c EV concept vehicle, revealed today at the North American International Auto Show in Detroit, would offer social networking capabilities that could wirelessly connect drivers to friends in other vehicles.The vehicle's personalized profile...

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Hyundai Genesis, Ford F-150 named top vehicles

Richard Truett Automotive News January 11, 2009DETROIT -- The 2009 Hyundai Genesis today was named the North American Car of the Year by a panel of 50 of the nation's top automotive journalists. The redesigned 2009 Ford F-150 hauled away Truck of the...

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UAW supporters rally outside Detroit Auto Show

Louis Aguilar / The Detroit NewsDozens of United Auto Workers and their supporters are rallying outside the North American International Auto Show to defend their wages, which could be cut under current terms of the federal loans to General Motors Corp....

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Lauer Interviews GM's CEO, UAW President

UAW, Automaker Contract Negotiations Set For MondayDETROIT - TODAY Show's Matt Lauer interviewed General Motors Corp.'s CEO Rick Wagoner and United Auto Worker President Ron Gettlefinger at the GM Tech Center in Warren Thursday.The interview came days...

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The UAW Meltdown | The End Of The UAW

We are looking at the end of the UAW, they can no longer strike against the auto companies and that was their only strength.As the UAW GM Concession talks begin, the future grows bleaker for UAW members. We now know that Ron Gettelfinger cut a deal,...

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Big 3 pension gap grows

Feds warn of risks in rising $41B shortfallDavid Shepardson / Detroit News Washington BureauWASHINGTON -- The outgoing director of the U.S. Pension Benefit Guaranty Corp. warned Friday that Detroit's Big Three automakers face a $41 billion pension shortfall....

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The UAW Can No Longer Strike! If So All Bailout Money is to be returned.

GM, Chrysler's federal loan deals bar strikesDETROIT – Provisions of General Motors' and Chrysler's $17.4 billion in federal loans automatically places them in default if union workers go on strike.A General Motors Corp. filing this week with the Securities...

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GM News:GM says China '08 sales up 6 pct but growth slows

BEIJING – General Motors Corp. said Tuesday its sales in China rose 6 percent to 1.09 million vehicles in 2008, but growth slowed as consumers held back amid an economic downturn.GM is looking to China's booming auto market to drive global sales growth...

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Chrysler News:Automakers' U.S. Sales Tumbled In Dec.Chrysler Hit Hardest, With 53% Plunge

Chrysler's U.S. sales plunged 53% from a year earlier in December and other top automakers' sales shrank more than 30%, as the industry finished off its worst year since 1992 on a low point.Chrysler said Monday that it will offer additional discounts...

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Auto Makers Close Books on Awful Year, Face More Ills

By SHARON TERLEP and MATTHEW DOLANU.S. auto sales tumbled again in December, capping one of the worst years for the industry in decades and solidifying the view that more turmoil lies ahead in 2009.For the month, sales of cars and light trucks fell 36% to 896,124 vehicles, according to Autodata Corp, a Woodcliff Lake, N.J., research firm. That is an...

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Toyota to suspend production for 11 days in Japan

Shino Yuasa / Associated PressTOKYO -- Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand. The...

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Chrysler News:Chrysler finally gets $4 bn aid from US govt

January 03, 2009 US auto major Chrysler on Friday said it has received four billion dollars as emergency loan from the government, a move to avert a collapse of the ailing automaker."Chrysler received an initial four billion dollar loan to help bridge...

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