DETROIT (AP) — After losing $1.6 billion in 2007 and watching its U.S. sales plummet in the first two months of this year, Chrysler LLC is taking a drastic new step to right the ship: Requiring all employees worldwide to take a two-week vacation this summer.Chrysler informed employees of the plan in an e-mail Tuesday [...]
CBRE Realty, Ford, General Motors, Genesco: U.S. Equity Movers
By Aaron Clark
March 13 (Bloomberg) — The following is a list of companies
whose shares are having unusual price changes in U.S. markets.
Stock symbols are in parentheses after company names, and prices
are as [...]
Fuji Heavy Proves Bad Bet for Toyota Shareholders
By Makiko Kitamura and Kiyori Ueno
March 13 (Bloomberg) — Fuji Heavy Industries Ltd., the
maker of Subaru cars, has dropped 29 percent since Toyota Motor
Corp. became its biggest investor in 2005. The companies
failure to take [...]
Feldstein on Recession, OPEC, U.S. Debates: Weekend Roundup
Clinton Attacked by Obama and Edwards in New Hampshire Debate
Jan. 6 (Bloomberg) — The following are the main weekend
stories today and yesterday.
Feldstein Says U.S. Recession Is [...]
The FINANCIAL — Ford Motor Company on March 3 announced plans to further align its capacity with demand at four U.S. manufacturing facilities as it works to return its North American operations to profitability by 2009.
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Chicago Assembly Plant and Louisville Assembly Plant will operate on one shift beginning this summer. [...]
The FINANCIAL — According to Gulfnews, General Motors and Ford Motor, the two largest US automakers, probably will say sales fell again this month as consumers stung by slumping home values steered clear of showrooms.
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Sales of GM, Ford and Chrysler dropped by at least 14 per cent from year-earlier [...]
WASHINGTON (AP) — The cascading fallout from the subprime loan crisis, barely a cloud on the horizon a year ago, is now viewed by experts as the economy’s gravest threat.In a survey being released Monday, 34% of the members of the National Association for Business Economics ranked the financial market turmoil from those loan [...]
The FINANCIAL — Ford Motor Company of Southern Africa (FMCSA)Â on January 30Â announced plans to invest more than R 1.5 billion to expand operations for the production of Fords next-generation compact pickup truck and Puma diesel engine.
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The investment will commence in 2009 and be split between its assembly plant [...]
Blue Water, Asarco, Buffets, Delphi: Bankruptcy (Update1)
By Bill Rochelle
Feb. 14 (Bloomberg) — Blue Water Automotive Systems Inc., a
designer and manufacturer of plastic components and assemblies
for the auto industry, filed a Chapter 11 petition Feb. 12 in
Detroit along with four [...]
Toyota May Post Smallest Profit Growth in a Year (Update2)
By Naoko Fujimura
Feb. 4 (Bloomberg) — Toyota Motor Corp., the worlds
second-largest carmaker, may report the smallest profit growth
in four quarters because of the rising yen and slowing U.S.
demand. [...]
