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Crisis-hit truck maker Daimler to cut 3,500 jobs in the US, Canada
German heavy truck maker Daimler said Tuesday it will eliminate 3,500 North American jobs owing to the worsening economic slowdown, a day after Japan's Nissan announced nearly 1,700 jobs were being axed.
Nations:Germany U.S. India Mexico Japan Canada Activities:2008 Automakers Downturn Source:(AFP)
2008-10-14
GM to close stamping plant near Grand Rapids
General Motors Corp.'s efforts to hoard cash and outlast a prolonged economic slump claimed the jobs of more than 2,700 workers Monday as the automaker announced the demise of factories in Michigan and Wisconsin.
Nations:U.S. Activities:2008 Automakers Downturn Source:(AP)
2008-10-13
Analysts: GM would need cash to acquire Chrysler
For General Motors Corp. to acquire Chrysler LLC and all of its warts, GM would have to get desperately needed cash as part of the deal. Lots of it, according to industry analysts.
Activities:2008 Automakers Downturn Source:(AP)
2008-10-11
Source: Chrysler, GM discuss merger, acquisition
General Motors Corp., Chrysler LLC and Cerberus Capital Management LP have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to a person familiar with the talks.
Activities:2008 Automakers Downturn Source:(AP)
2008-10-11
Ford to dump shares in Mazda: reports
US giant Ford Motor Co. plans to sell most of its shares in Japan's Mazda to raise badly needed cash amid the current global financial crisis, press reports said on Saturday.
Activities:2008 Automakers Downturn Source:(AFP)
2008-10-11
| Headlines |
- Crisis-hit truck maker Daimler to cut 3,500 jobs in the US, Canada 2008-10-14
- GM to close stamping plant near Grand Rapids 2008-10-13
- Analysts: GM would need cash to acquire Chrysler 2008-10-11
- Source: Chrysler, GM discuss merger, acquisition 2008-10-11
- Ford to dump shares in Mazda: reports 2008-10-11
- Mazda says no decision on Ford's stake sale 2008-10-11
- GM shares tumble 31 percent to 58-year low 2008-10-09
- Tight credit, financial chaos slam auto sales 2008-10-01
- Ford's US sales drop 34 percent in September 2008-10-01
- Bush approves $25 billion loan package for auto makers 2008-09-30
- US Congress passes 25 bln loan guarantees to automakers 2008-09-28
- GM to put French factory, Hummer brand up for sale 2008-09-24
- Consumer borrowing slows to weakest in 7 months 2008-09-08
- Auto industry to press Congress for $50B in loans 2008-09-07
- August auto sales fall; some say worst may be over 2008-09-03
- Chrysler announces management changes 2008-08-04
- Chrysler renews credit facilities but cuts amount 2008-08-04
 US auto sales slump to 16-year low in July 2008-08-01- GM posts $15.5 billion 2nd-quarter loss 2008-08-01
- Bleeding cash, Ford looks to Europe for help 2008-07-24
- Ford posts worst loss, puts turnaround plan into overdrive 2008-07-24
- Ford to retool U.S. plants for European cars 2008-07-19
- GM Cuts Costs to Stop Its Cash Burn 2008-07-17
- GM said to consider more cuts as market shrinks 2008-07-07
- GM shares fall below $10 for first time since 1954 2008-07-02
- Honda grows while US auto industry falters 2008-07-02
- General Motors holds off Toyota as June sales fall 2008-07-01
- Chrysler to shut minivan plant as sales slump 2008-06-30
- When pickup sales dived, automakers changed plans 2008-06-29
- GM drops to 53-year low, Goldman urges "sell" 2008-06-26
- GM puts brakes on SUV, truck redesigns 2008-06-19
- Chrysler takes aim at GM with hybrid SUV prices 2008-06-18
- Ford, GM see boost in trade with China 2008-06-17
- Ford tells union more cuts needed as market slumps 2008-06-14
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