The News Review:
- GM: Year-To-Date Auto Sales In China Up 8% On Year
- UAW willing to bend as auto chiefs push for loans
- Analysis: Labor-green rift clouds auto aid chances
- Poll: 61% oppose auto bailout
- Auto sales plunge; industry on the ropes
GM: Year-To-Date Auto Sales In China Up 8% On Year
CNNMoney.com
(GM) said Thursday its auto salesin China are up 8% so far this year compared with the same period last year. auto maker sold about 1 million units in the whole of last year buthas already sold 1 million units so far this year said Kevin Wale presidentand general manager of General Motors in China. Wale was speaking to an audience at a conference in Beijing.
Related from Sales-monster: Talbots Reports Third Quarter 2008 Sales Results
UAW willing to bend as auto chiefs push for loans
MarketWatch
3 2008 SAN FRANCISCO (MarketWatch) — United Auto Workers President Ron Gettelfinger said Wednesday that the union is willing to modify existing labor contracts to help automakers present a more compelling case for federal aid to Congress later this week. Separately General Motors Corp.
Analysis: Labor-green rift clouds auto aid chances
The Associated Press
Though Democrats will control both the new Congress and White House the battle over a multibillion-dollar auto industry bailout already is pitting two major party constituencies against each other: big labor and environmentalists. The United Auto Workers along with Detroit’s Big Three are pushing for an infusion of emergency loans for the carmakers’ immediate needs — even if that means diverting $25 billion that had been set aside for creating cleaner vehicles. Environmentalists balk at that notion saying the money is sacrosanct and insisting that any new help be tied to strict requirements for greener cars. The intramural fight helps explain why President-elect Barack Obama has stayed vague on his views on the details of the bailout and Democratic leaders have seemed uncertain about whether to push one through. It’s also at the heart of the disagreement between Democrats and the Bush administration over how to structure any carmaker rescue.
Poll: 61% oppose auto bailout
CNN
com) — A majority of Americans oppose a bailout of the troubled U. auto industry according to a poll released Wednesday. poll conducted by telephone on Dec.
Auto sales plunge; industry on the ropes
San Jose Mercury News USA
market in recent years said November sales were down 34 percent. Overall auto sales fell 30 percent in November the 17th decrease in the past 18 months. Analysts had expected a boost from heavy incentive spending by automakers but sales Advertisement yld_mgr. place_ad_here(“adPosBox”); actually fell from the dismal levels of October. Local figures for November are not yet available. But auto sales through October in Santa Clara County were down 20.