Saturday, December 13, 2008

GM Again Cuts Q1 Production as U.S. Sales Tumble

Detroit, December 12, 2008: According to Jesse Snyder, writing for Automotive News, General Motors will dramatically slash North American production to 425,000 vehicles in the first quarter of 2009 -- less than half the total it built in the first quarter of this year. Company spokesman Chris Lee said GM is cutting 175 ... Continue reading

AMA Racing Ice Race Grand Championships promise fun-packed weekend

AMA Racing News Release ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~ Dec. 12, 2008 FOR IMMEDIATE RELEASE Contact: Connie Fleming Phone: (614) 856-1910, ext. 1258 E-mail: cfleming@ama-cycle.org [mailto:cfleming@ama-cycle.org] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ... Continue reading

AMA announces 2009 AMA Racing ATV National Hare Scrambles Championship Series

AMA Racing News Release ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~ Dec. 12, 2008 FOR IMMEDIATE RELEASE Contact: Connie Fleming Phone: (614) 856-1910, ext. 1258 E-mail: cfleming@ama-cycle.org [mailto:cfleming@ama-cycle.org] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ... Continue reading

BorgWarner Reduces 2008 Earnings Guidance To Reflect Global Auto Industry Free-Fall

AUBURN HILLS, Mich., Dec. 11 -- BorgWarner today reduced its earnings guidance for 2008 to a range of $1.85 to $1.95 per share before special items. Guidance was reduced to reflect rapidly deteriorating conditions in the auto industry that continue in every geographic region of the world. Previous guidance was $2.25 to ... Continue reading

Quantum Technologies Reports Fiscal 2009 Second Quarter Financial Results

IRVINE, Calif., Dec. 10 -- Quantum Fuel Systems Technologies Worldwide, Inc. , a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles and applications including hybrid, plug-in hybrid, hydrogen, and alternative fuel vehicles, today reported ... Continue reading

UAW Wage Vs. Non-Union Labor At Transplants a Surprising Look

DETROIT, Dec 12, 2008; Reuters reported that - The wages and benefits for the United Auto Workers union are at the center of a debate on a $14 billion package in emergency loans to U.S. automakers. Some Republican senators want Detroit autoworkers to have pay parity with foreign auto manufacturers. But the UAW has said ... Continue reading

Foreign Auto Plants Have Received $3.6 Billion in Subsidies, Mostly From Southern States

WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- Responding to many queries, Good Jobs First today released its summary of state and local subsidies given to foreign-owned auto assembly plants, totaling $3.6 billion. "As elected officials debate aid for the Big 3, taxpayers have the right to know the full extent of gover ... Continue reading

USW Condemns GOP U.S. Senate Leaders for Auto Loan Rejection

'Thousands of steel, rubber, glass, auto parts and mine workers impacted too' WASHINGTON, Dec. 12 /PRNewswire-USNewswire/ -- Leo W. Gerard, President of the United Steelworkers (USW), condemned Thursday night's U.S. Senate vote that rejected the proposed auto industry bridge loan being supported by the UAW, the White H ... Continue reading