NetQuantum :: Regional :: Asia :: China :: Business_and_Economy :: Automotive ::

• GM to close Michigan plant, cut 1,340 jobs
    GM plans to close Wisconsin plant Oct. 13: GM announced plans in a press conference today to close a plant that manufactures SUV's by Janurary. 1,253 jobs will be lost at the Janesville, Wisconsin factory. DETROIT - The U.S. automotive sales ...
• Global auto market may ‘collapse’ in 2009
Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009 after likely settling at 13.6 million units this year, adding that a pronounced recovery is more than 18 months away. “While the global automotive ...
• GM, Chrysler discussing merger, source says
The Wall Street Journal, citing people it described as familiar with the discussions, reported that Cerberus, a private equity firm that also owns 51 percent of GMAC Financial Services, proposed trading Chrysler’s automotive operations to GM in ...
• GM says bankruptcy not option it’s considering
S&P said the moves reflects the weakening automotive markets across the world and expectations that tight credit markets will make for a rocky road ahead. Thursday’s plunge in GM’s shares helped to drag the Dow Jones industrial average down by ...
• Scottsdale in 'local recession,' official says
Scottsdale's sales tax collections are down nearly across the board, with automotive declines leading the way. That's due not only to the national decline in auto sales, but also the departure of major dealerships from the Scottsdale Motor Mile ...