The News Review:
- German auto companies ponder compromise amid strikes
- Auto shares drive up Sensex by 200 pts
- Borland out as Jarrett’s crew chief – Auto
- SportingNews.com – Your expert source for NASCAR Auto Racing stats…
- Legislators call for welfare board for auto drivers
- Auto parts suppliers feeling carmakers’ pain
German auto companies ponder compromise amid strikes
MarketWatch – May 3, 2007
EDT May 3 2007 FRANKFURT (MarketWatch) — Thousands of IG Metall engineering workers on Thursday staged another day of temporary work stoppages at German auto makers and suppliers turning up the pressure ahead of a make-or-break wage round. The meeting between top union and employer representations began meeting in the Southwest city of Sindelfingen late in afternoon. The talks were expected to stretch into the wee hours. Going in employers indicated they hope to reach a new collective bargaining agreement. “We are ready to forge a deal” Jan Stefan Roell head negotiator for the employers’ association in Southwest Germany where the pilot talks for a national agreement are held.
Auto shares drive up Sensex by 200 pts
Economic Times – May 3, 2007
Automobile stockswere up on robust vehicle sales numbers for April. At 1 pm theSensex was up 184 points or 1. 33% at 14056 and the Nifty up 64 points or 1.
Borland out as Jarrett’s crew chief – Auto
ESPN – May 3, 2007
– Michael Waltrip Racing still trying tofind its way out of a terrible start to its first season in NASCARNextel Cup racing turned to Jason Burdett to replace crew chiefMatt Borland on Dale Jarrett’s No. It was the third crew chief change for the Waltrip team in lessthan a month. Borland who came to the Waltrip team from Penske Racing Southwhere he was crew chief for Ryan Newman turned down the job as thenew team’s technical director and left the organization accordingto a team spokesman. Burdett who worked with Jarrett last year at Robert YatesRacing will move into his new duties after a brief period to getacclimated to his new team.
SportingNews.com – Your expert source for NASCAR Auto Racing stats…
SportingNews.com – May 3, 2007
– NASCAR driver Scott Wimmer has filed a lawsuit against former employer Bill Davis Racing asking for $1. 2 million in unpaid salary for the 2006 season. Wimmer now driving a part-time NASCAR Busch Series schedule for Richard Childress Racing filed the suit Monday in Superior Court.
Legislators call for welfare board for auto drivers
Hindu – May 3, 2007
They pointed out that this would enable the drivers and their dependents to draw the benefits of various schemes of the Board. Rangasamy earlier told A. Anbalagan (AIADMK) that the Union Territory of Puducherry had a total of 4635 autos and they were registered with the Transport Department.
Auto parts suppliers feeling carmakers’ pain
Pittsburgh Post-Gazette – Pittsburgh Post Gazette – May 3, 2007
htm –>Auto parts suppliers feeling carmakers’ painThursday May 03 2007By Tom Krisher and Jeff Karoub The Associated PressDETRIT — Two major automotive parts suppliers reported first-quarter losses yesterday blaming them in part on production cuts by automakers in North America that offset gains overseas. TRW Automotive Holdings Corp. swung to a net loss of $86 million or 87 cents per share for the quarter vs. net income of $47 million or 46 cents per share in the same period last year.