WPRI TV

GM, Chrysler launch supplier support

Wed, 08 Apr 2009 10:58:10 GMT

The Treasury Department says General Motors Corp. and Chrysler LLC have launched financing support programs for auto suppliers backed by $5 billion in government funds.

GM, Chrysler seek more govt aid

Tue, 17 Feb 2009 21:02:16 GMT

General Motors and Chrysler asked the government for an additional $14 billion in aid, a dramatic acknowledgment that conditions in the U.S. auto industry have grown significantly worse in just two months.

GM wants $16b, cut jobs, close plants

Tue, 17 Feb 2009 18:17:28 GMT

General Motors Corp.'s restructuring proposal says the company may need up to $30 billion in government loans as it implements a survival plan that includes cutting 47,000 jobs and closing five more U.S. factories.

Chrysler wants $5 billion more

Tue, 17 Feb 2009 17:54:53 GMT

Chrysler LLC requested another $5 billion from the U.S. government and said it plans to cut 3,000 jobs and eliminate three vehicle models as part of its restructuring plan submitted to the Treasury Department on Tuesday.

UAW reaches tentative deal with Big 3

Tue, 17 Feb 2009 17:37:41 GMT

The United Auto Workers union says it has reached a tentative deal with Chrysler, General Motors and Ford to modify its 2007 contracts with the automakers.

GM may not meet federal deadline

Tue, 17 Feb 2009 06:11:35 GMT

Talks between General Motors and the United Auto Workers are making progress toward a concession deal but may not reach a deal in time for the federal deadline.

Sources: UAW, GM make progress in talks

Mon, 16 Feb 2009 22:06:09 GMT

People briefed on the negotiations between General Motors Corp. and the United Auto Workers say they are making progress toward a concession agreement but may not reach a deal in time for Tuesday's government-imposed deadline.

Task force, not car czar, expected

Mon, 16 Feb 2009 11:12:59 GMT

President Barack Obama plans to appoint senior administration officials -- rather than a single "car czar," as had been discussed -- to oversee a restructuring of the auto industry.

NTN Driveshaft lays off 200

Fri, 13 Feb 2009 10:58:08 GMT

Auto parts supplier NTN Driveshaft has laid off 200 people from its southern Indiana factory, citing the slumping automotive industry and declining orders.

GM cuts 10,000 salaried jobs

Tue, 10 Feb 2009 10:33:49 GMT

General Motors says it's cutting 10,000 salaried jobs, blaming the need to restructure the company amid the continued drop in new vehicle sales.

GMs Lutz leaving driver's seat

Mon, 09 Feb 2009 10:52:26 GMT

General Motors Corp. says Vice Chairman for Global Product Development Bob Lutz will retire at the end of this year.

Ford sees more suppliers' failures

Fri, 06 Feb 2009 22:16:17 GMT

Ford's top executive for auto parts purchasing said Friday he expects more failures among parts suppliers as the industry grapples with an unprecedented downturn in automobile sales.

GM to stop Jobs Bank

Wed, 28 Jan 2009 14:11:26 GMT

General Motors Corp. said Wednesday that its "jobs bank" program will end Monday, following a similar move at Chrysler LLC.

Honda's 2008 production record high

Wed, 28 Jan 2009 11:06:32 GMT

Honda's global production in 2008 rose to a record high with booming demand in China offsetting sluggish sales in the United States and Europe, while worldwide output by Toyota slumped for the first time in seven years.