Archive | Auto Industry News

Ford Motor Co. Offers Early Retirement, Buyouts to All of its U.S. Factory Workforce

Ford Motor Co. has offered buyout or retirement incentive packages to all of its 41,000 U.S. hourly workers as it tries to further reduce its factory work force, reported The Associated Press. Ford, the healthiest of Detroit's three automakers and the only one to avoid ... Read More » Tags:

Posted in Auto Industry News 0 Comments

Hyundai Motor Announces China Truck Venture

Hyundai Motor Co. has agreed to launch a $400 million truck manufacturing venture in China with a local partner as it seeks further inroads in the world's biggest auto market, reported The Associated Press. Hyundai Motor, South Korea's largest automaker, said it signed an initial ... Read More » Tags:

Posted in Auto Industry News 0 Comments

Ford CEO: Ford Plans to Speed Up Repayment of Debt Worth $27B

DETROIT - Ford Motor Co. CEO Alan Mulally says the automaker plans to speed up debt repayment as its financial condition continues to improve, reported The Associated Press. Mulally also told reporters at a briefing Friday on its new vehicles that Ford will keep its ... Read More » Tags:

Posted in Auto Industry News 0 Comments

US Fidelis: Company Struggles Won’t Affect Customers’ Service Contracts

US Fidelis, one of the biggest players in the extended warranty industry, says sales of auto service contracts are down and cancellations are way up, reported the St. Louis Post-Dispatch. US Fidelis has tried to reassure its customers that its financial woes won't affect the ... Read More » Tags: , ,

Posted in Auto Industry News 0 Comments

GM Repays $1.2B of U.S., Canadian Government Loans

General Motors Co. says it has repaid $1 billion of its loans to the U.S. government and $192 million to the Canadian government, reported The Associated Press. The automaker says it followed through on a commitment to begin repaying the loans by the end of ... Read More » Tags:

Posted in Auto Industry News 0 Comments

UAW Leaders Nominate New President

DEARBORN, Mich. — United Auto Workers leaders on Wednesday nominated top Ford Motor Co. negotiator Bob King to be the union's next president, saying King is the right person to lead the union as it emerges from a tumultuous year that saw painful contract concessions ... Read More » Tags:

Posted in Auto Industry News 0 Comments

Page 735 of 755« First...102030...733734735736737...740750...Last »