Johnson Controls To Close 10 Plants; Cuts Auto utlook
The News Review:
- Johnson Controls To Close 10 Plants; Cuts Auto utlook
- GM Continues Rally n 7500 Buyouts; Hopes For More Govt Aid
- Canadian Auto Workers Chrysler Fail To Reach Deal; To Talk More
- bama autos plan may hold additional aid
- bama: Current US auto industry unsustainable
- bama: Auto aid depends on ‘painful’ changes
- Stocks End Up n Tech Auto Rallies
Johnson Controls To Close 10 Plants; Cuts Auto utlook
Wall Street Journal
The company also cut its European forecast another 12% to 14. Parts makers are the best gauge to measuring the health of the.
Related from Mexview: Workers mourn in Mexico as US automakers close plants
GM Continues Rally n 7500 Buyouts; Hopes For More Govt Aid
Wall Street Journal
(GM) continued their rally Friday climbing as much as 16% on continued hopes that the bama Administration will provide further aid to auto makers. In addition investors were cheered by the auto maker’s news Thursday that 7500 employees – 12% of it U. hourly work force – took buyout or early retirement offers although that is far short of the amount the company ultimately needs.
Canadian Auto Workers Chrysler Fail To Reach Deal; To Talk More
CNNMoney.com
“Twice we were were within inches of reaching a collective agreement and inboth times the deal was pulled back and the goal posts were shifted” CAWPresident Ken Lewenza said. The two sides will continue negotiations throughTuesday. Chrysler was hoping to reach a deal before a Tuesday deadline to submit areport to the U.
bama autos plan may hold additional aid
Boston Globe
“We need to preserve a US auto industry” bama said yesterday as he answered questions at a White House town hall event online. “We will provide them with some help” even though “it’s not popular” right now to assist automakers. The “current economic model of the US auto industry is unsustainable” he said. bama’s auto task force will probably recommend that the government make more money available to carmakers US Senator Debbie Stabenow a Michigan Democrat told reporters. Conditions are likely to include downsizing and continued restructuring she said.
bama: Current US auto industry unsustainable
The Associated Press
auto industry is unsustainable and the Big Three manufacturers will have to change their ways. Answering questions at an online town hall bama said the auto industry must be preserved not only symbolically but for the satellite industries such as suppliers. However he said his job is to protect U.
bama: Auto aid depends on ‘painful’ changes
Detroit Free Press
auto industry only if it undertook a “painful” restructuring that changed the basic ways Detroit does business. auto industry to get through this very difficult time but the price is you’ve got to finally restructure to deal with these long-standing problems” he said during an online question-and-answer session. “That means that everybody’s going to have to give a little bit — shareholders workers creditors suppliers dealers — everybody is going to have to recognize that the current model economic model of the U.
Stocks End Up n Tech Auto Rallies
Forbes
09 05:45 PM EDTThis is a transcript of the Market Update: Close video report. The Dow locked in a solid gain on Thursday thanks to rallies in the tech and auto sectors. The Dow added 175 points the Nasdaq gained 58 points and the S&P advanced 19 points.
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