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TAMPA Lear Corp., a major U.S. auto parts maker, will shut its Tampa manufacturing plant by September 2009, a move that will eliminate 325 jobs. ...more
September 10, 2008
Here's a fantasy for Detroit: Keep the factories that make all those monstrous, once-wonderfully profitable sport utility vehicles open and running. Then forget about packing up those SUVs and shipping them to U.S. auto dealers, where the few customers to be found spend more time comparing gas-mileage ratings than towing power. ...more
September 4, 2008
After running Chrysler for a year, Cerberus Capital Management must be wondering if its mascot, the three-headed dog that guards the gates of hell, is protecting it from the underworld or leading it into the flames. ...more
August 6, 2008
Standard & Poor's Ratings Services on Thursday cut its ratings for all three of the U.S.-based automakers further into junk status, citing worries about their mounting cash losses and the continued deterioration of the U.S. auto market. ...more
August 1, 2008
People want small cars that get great gas mileage. General Motors Corp. is known for making top-notch trucks and sport utility vehicles. The company's survival hinges on the difficult task of convincing buyers that its upgraded cars are just as good as its trucks and worth some extra cash. ...more
July 17, 2008
When Ford Motor Co. came out with its new Edge crossover in 2006, the company hoped the trucklike vehicle built on a car frame would attract longtime Ford buyers trading in their inefficient sport utility vehicles. ...more
July 15, 2008
General Motors Corp. may get rid of some brands, speed the introduction of small cars from other markets and make further white-collar job cuts as it tries to deal with a shrinking U.S. auto market. ...more
July 8, 2008
Ford Motor Co., Toyota Motor Corp. and Nissan Motor Co. said June sales plunged as gasoline prices above $4 a gallon drove consumers away from fuel-thirsty trucks. ...more
July 2, 2008
Faced with a continuing plunge in pickup and sport utility vehicle sales, Ford Motor Co. on Friday tried to deal with the mess by delaying production of the new F-150 pickup and announcing further factory cuts. ...more
June 21, 2008
Douglas A. Fraser, who led the United Auto Workers union through dark hours in the U.S. auto industry in the 1970s and '80s and was instrumental in the effort that saved Chrysler from bankruptcy, has died. He was 91. ...more
February 25, 2008
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