The News Review:
- Talks collapse at troubled SKorean auto firm
- Cash-for-clunkers program pushes auto sales into overdrive
- CARL CAIN SBA chief knows the auto business
Talks collapse at troubled SKorean auto firm
AFP
Managers said in a statement that three days of talks had failed due to the union’s insistence on “unacceptable” demands for no layoffs and no lawsuits over their two-month occupation of the firm’s factory. Hundreds of workers armed with metal pipes slingshots and inflammable paint thinner have occupied the factory in Pyeongtaek 70 kilometres (43 miles) south of Seoul since May 21 in protest at job cuts. The debt-stricken firm in February secured court protection from creditors after China’s Shanghai Automotive Industry gave up management control. Court-appointed managers have since struggled to turn it around through job cuts and cost savings.
Cash-for-clunkers program pushes auto sales into overdrive
Chicago Tribune
Second the measure has spurred auto sales beyond anybody’s wildest dreams. What remains fuzzy about the clunkers program is just about everything else — how it works how it will be funded whether inventories will last and whether an overtaxed government bureaucracy can find a way to manage it more effectively. “I don’t think anybody anticipated this kind of volume” said Marty Collins an executive with Group 1 Automotive which operates 99 auto dealer showrooms nationwide. “The system wasn’t built to handle it.
CARL CAIN SBA chief knows the auto business
Detroit Free Press
Small Business Administration knows firsthand about the ups and downs of the auto business which makes her unique among her bama administration peers. With that background Mills came to akland University on Tuesday where hundreds of eager auto suppliers and others interested in the growing robotics field gathered to hear what she had to say about business and the Automotive Robotics Cluster. The cluster is a coordinated local effort to try to open new markets for automotive suppliers while harnessing the state’s workforce and manufacturing might. Mills was joined by dozens of robotics experts during the two-day event. Raised in Boston (her parents run the Tootsie Roll Industries empire) her auto supplier companies were located in places like Arkansas and made parts for Cadillacs and Fords during the 1980s and early ’90s.
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