
During a meeting in Geneva, General Motors Corp Chief Executive Rick Wagoner said that U.S. auto sales have been weak in the first two months of the year but have not approached the extremes of some forecasts....
Posted by Franco Barbieri il 04.03.2008 | Permalink | Comments (0) | Trackbacks (0)
A federal court on Wednesday confirmed Dana Corp.'s Chapter 11 reorganization plan, paving the way for the auto-parts supplier to emerge from bankruptcy by the end of January. The U.S. Bankruptcy Court in Manhattan approved the plan, which will repay...
Posted by Franco Barbieri il 13.12.2007 | Permalink | Comments (0) | Trackbacks (0)
Dana Corp ., the bankrupt maker of car parts, won court approval to pay as much as $2 million to settle about 7,500 personal-injury lawsuits related to automotive gaskets it made that contained asbestos. "This is indeed very beneficial to...
Posted by Franco Barbieri il 19.11.2007 | Permalink | Comments (0) | Trackbacks (0)
Strike signs are no longer needed at GM sites in Michigan, both workers and GM management worked out what seems to be an historic pact. General Motors Corp. took a giant step toward narrowing the competitive gap with Japanese...
Posted by Franco Barbieri il 27.09.2007 | Permalink | Comments (0) | Trackbacks (0)
CEO Michael Burns and former finance chief Robert C. Richter won't have to face a shareholder lawsuit accusing them of securities fraud, a judge ruled....
Posted by Franco Barbieri il 22.08.2007 | Permalink | Comments (0) | Trackbacks (0)
According to sources closed to Ford top executives, today is the first day of the sale process. Blue Oval people made it clear to the Private Equity players that they cannot have a free-ride, Ford wants clear committment that no...
Posted by Franco Barbieri il 19.07.2007 | Permalink | Comments (0) | Trackbacks (0)
Dana’s move to establish a voluntary employee beneficiary association “VEBA” to handle retiree health and disability benefits for union members has moved another step forward with two of its largest unions – United Steel Workers and United Auto Workers....
Posted by Franco Barbieri il 13.07.2007 | Permalink | Comments (0) | Trackbacks (0)
Appaloosa Management LP said it wants to enter into a confidentiality agreement with bankrupt car and truck parts maker Dana Corp. to determine whether its equity has value. Currently the stock is valued at around 2$ a share....
Posted by Franco Barbieri il 02.07.2007 | Permalink | Comments (0) | Trackbacks (0)
This section has been created after brainstorming on our project with our international friends and colleagues, experts in the Automotive field: collecting news directly form abroad, like having a dedicated foreign correspondant :-) These pages will collect thier thoughs, their...
Posted by il 12.06.2006 | Permalink | Comments (0) | Trackbacks (0)
Strong demand for smaller, gas-efficient vehicles is now being influenced by non-automotive companies. Bank of America, Timberland and Google now offer various cash incentives for the purchase of hybrid vehicles. The combined savings resulting from an existing $3,000 US federal...
Posted by il 11.06.2006 | Permalink | Comments (0) | Trackbacks (0)