Staying Up to Speed Will Keep You in the Fast Lane »
From Inform | 2009-07-02 14:30:45
With the American auto industry's recent troubles, it is important for everyone, and not just consumers or drivers, to know what cars are on the road and how they might be affected by them. The American economy in part relied upon these various car manufacturers, that later played a major role in the recession.
Knowing which cars are still on the road and how they are manufactured is valuable information for anyone interested in the economy, their own safety on the road, or their job security. For example, General ...
Ford Canada sales jump 25 percent in June »
From AP News | 2009-07-02 23:46:30
Ford Motor Co. of Canada Ltd. has claimed the top spot in Canadian vehicle sales in June for the first time in 50 years, the company reported Thursday. Ford Canada said it sold 27,408 vehicles in June, a 25 percent increase year-over-year. "Consumers are drawn to the quality, design and value of our vehicles and we're going to keep the momentum growing with great offers this summer," said Ford Canada President and ...
GM bankruptcy exit hearing closes »
From AFP Global Edition | 2009-07-02 22:00:27
The fate of General Motors was placed in the hands of a New York judge Thursday who must decide whether the largest US automaker can execute a swift exit from bankruptcy protection by selling its best assets to a new company. "We're adjourned," Judge Robert Gerber said around 4:00 pm (2000 GMT) after three days of hearings in which a host of creditors mounted objections to the plan which will create a leaner GM unburdened by old debts and supported by billions in government loans. GM's lawyers ...
Fate of GM in hands of bankruptcy judge »
From Reuters US Online Report Business News | 2009-07-02 21:58:35
NEW YORK (Reuters) - A federal bankruptcy judge will decide the immediate fate of General Motors Corp's <GMGMQ.PK> effort to quickly sell its best assets to a group funded by the U.S. government, after a three-day court hearing concluded on Thursday. The iconic U.S. automaker wrapped up the final day of its sale hearing in U.S. bankruptcy court in Manhattan by asking Judge Robert Gerber for approval to sell its best assets to a "New GM" funded by the U.S. government. GM is ...
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Russia car maker GAZ to cut 7,000 jobs »
Sydney Morning Herald 7/2/2009 8:32:29 PM
GAZ, Russia's second-largest car producer, will cut 7,000 jobs this month, a top official in the manufacturer's Volga River base of Nizhny Novgorod...
GM waits for judge's ruling on sale plan »
USA Today 7/2/2009 5:17:41 PM
An attorney for General Motors urged a bankruptcy judge Thursday to approve the automaker's sale plan, saying that the only other alternative would ...
Vehicle market shows signs of recovery »
SkyNews, New Zealand 7/3/2009 1:16:49 AM
The federal government says a strong rebound in new car sales in June shows the government's targeted investment incentives are working.. . With ...
Auto sector registers growth despite slowdown »
The Hindu, India 7/3/2009 12:28:58 AM
Despite economic slowdown that has affected the automobile industry, production and exports of the sector went up last fiscal, said the Economic...
Truck hauler idling 120 with plant's closing »
Daily Herald, Chicago 7/3/2009 1:11:25 AM
A Georgia-based company that hauls medium-duty trucks built at a doomed General Motors Corp. plant is laying off 115 to 120 workers.. Most of those...
FTC urged to put warning on Chryslers »
LA Times 7/3/2009 12:52:53 AM
Consumer groups petitioned the Federal Trade Commission on Thursday to require that Chrysler vehicles display stickers warning prospective buyers ...
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