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Thursday, 07 May 2009 10:43

Chrysler Starts Dealer Payments

Chrysler LLC began paying some of the hundreds of millions of dollars it owes its dealers on May 6, although some said they hadn't yet received payments.

Thursday, 07 May 2009 10:41

In Drive for Balance, Ford Parks the SUV

Ford announced that it is pouring $550 million into the ongoing conversion of a Michigan truck plant into a facility that will produce the Ford Focus compact -- including a zero-emissions electric version of the Focus.

North America's automotive parts supply base faces an imminent collapse over the next 30 to 90 days unless the federal government provides at least $10 billion in immediate funding, Grant Thornton LLP partner Laura Marcero said March 12.

Automaker to end jobs bank program

Ford said that the UAW has agreed to end its controversial jobs bank program, which pays UAW workers who are not working. About 1,400 employees were in Ford’s jobs bank as of November. General Motors Corp. said Wednesday its jobs bank program will end next week and Chrysler LLC ended its jobs bank program earlier this week.

Thursday, 29 January 2009 10:37

Promising signs arise for January auto sales

Pent-up demand for new vehicles grew to 820,000 new cars and trucks last year, as consumers continued to wait out the dismal economic environment before making a new purchase, according to a report released Monday by CNW Marketing Research.

“We think the partnership with Fiat not only gives us a lot of confidence, but more than that, it really moves us to a prosperity plan where it’s a true global powerhouse,” Press told reporters following a meeting with dealers near the Baltimore-Washington International Thurgood Marshall Airport.