Pay czar trims salaries at top of GM exec ranks

2010-03-19T15:45:40Z

<div><p>PHOENIX (Reuters) - The U.S. pay czar will slash the number of top General Motors Co executives who will receive base salaries of more than $500,000 this year.</p><p>Pay czar Kenneth Feinberg said...

Apple director, ex-auto executive York dies

2010-03-18T15:46:48Z

<div id="subtitle">Jerome York, Apple director, auto industry reformer and Kerkorian adviser dies at 71</div><div><p>Jerome York, an Apple Inc. board member and a financial wizard credited with turning around Chrysler and IBM, died Thursday of a brain ...

Apple director Jerry York dies at 71

2010-03-18T15:15:46Z

<div><p>DETROIT (Reuters) - Jerry York, a long-time adviser to billionaire investor Kirk Kerkorian and executive whose career spanned the auto and technology industries, has died, Apple Inc said on Thursday.</...

UAW OKs severance pact in Calif. plant shutdown

2010-03-18T14:01:15Z

<div id="subtitle">UAW OKs severance agreement in shutdown of Toyota plant in Calif.</div><div><p>Workers at the New United Motor Manufacturing Inc., known as Nummi, have v...

Toyota, Lexus slip in key dependability study

2010-03-18T09:00:16Z

<div><p>DETROIT (Reuters) - Toyota and its luxury Lexus brand slipped for the second consecutive year in an influential vehicle dependability study released on Thursday.</p><p>Toyota Motor Corp's <7203.T&...

Apple board member York hospitalized: source

2010-03-18T08:15:13Z

<div><p>SAN FRANCISCO (Reuters) - Apple Inc <AAPL.O> board member Jerry York was hospitalized on Wednesday near his home in Detroit after suffering a collapse, a person familiar with the matter said.&...

Porsche takes top spot in dependability study

2010-03-18T07:45:14Z

<div id="subtitle">Porsche leaps to top of closely watched dependability study; Toyota loses ground to rivals</div><div><p>Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals,

GM Holden recalls 9,000 cars over faulty fuel hose

2010-03-17T20:15:37Z

<div><p>General Motors' Australian subsidiary GM Holden on Thursday recalled 9,000 Cruze sedans over a faulty fuel hose, after a raft of damaging glitches hit Japan's Toyota and Copenhagen climate summit produced no more than a vague promise to continue to work together. The only real point of consensus was to agree to meet again in November in Mexico to continue the discussions. </p><p>Last month, we noted the lack of measurabl...

GM CFO sees chance for profit, IPO in 2010

2010-03-17T09:45:30Z

<div><p>DETROIT (Reuters) - General Motors Co <GM.UL> has a "reasonable chance" to show a profit in 2010 and could sell shares by late this year though it has no timetable for an IPO that would reduce the U.S. government...

Union reaches deal to close Toyota-GM plant

2010-03-15T13:16:27Z

<div><p>The United Auto Workers union said Monday it had reached a deal over the closing of a California plant operated as a joint venture by Toyota and General Motors.</p><p>GM pulled out o...

Is the Auto Sector Out of the Woods of Recession?

2010-03-14T10:59:09Z

This is the most logical question that anyone and everyone has on their minds. Is the auto industry out of the woods? Is the impact of Recession over? Or, are we inching closer to an end of Recession and its subsequent impact on the car sales across the World?<br><br>Now, to be honest, these are very subjective questions that do not have a clear cut answer. Since it is too broad a question, let us try and analyze the available yardsticks that can help us decide or know about the p...

Hot pursuit: Competition heats up for police cars

2010-03-12T15:15:10Z

<div id="subtitle">With competition in pursuit, Ford aims to keep police car crown; anti-stab seats come standard</div><div><p>Ford Motor Co. wants to remain the top gun in the U.S. police car market with a new cruiser due out next year, but its competitors are in hot pursuit.</p><p>Ford revealed its new Police Interceptor sedan Friday....

Govt offers GM loan to safeguard jobs

2010-03-12T09:16:02Z

<div><p>The government on Friday announced it had agreed a loan of 270 million pounds for General Motors to help protect jobs in Britain.</p><p>GM had decided to sell its European arm, which makes Vauxhall cars here, but changed its mind after its own rescue by the US gover...

UK gives GM loan guarantee for Vauxhall

2010-03-12T08:45:24Z

<div id="subtitle">British government announces $410 mln loan guarantee to General Motors for Vauxhall unit</div><div><p>Britain will give a 270 million pound ($410 million) loan guarantee to General Motors Co. to help keep its Vauxhall operations going in the country, a government official said Friday.</p><p>That is w...

Biographical info about GM Vice Chairman Bob Lutz

2010-03-11T21:45:08Z

<div id="subtitle">Biographical information about GM Vice Chairman Bob Lutz</div><div><p>NAME: Robert A. "Bob" Lutz</p><p>AGE: 78. Born Feb. 12, 1932, in Zurich, Switzerland.</p><p>EDUCATION: Bachelor's degree in production management, WARREN, Mich. — General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in ...

Toyota discounts boost sales

2010-03-11T20:45:14Z

<div><p>DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.</p><p>Toyota's U.S. ...

Watchdog: GMAC bailout could cost taxpayers $6.3B

2010-03-11T04:00:27Z

<div id="subtitle">Watchdog says Treasury lacks exit plan from GMAC bailout, taxpayers could lose $6.3 billion</div><div><p>The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost ta...

U.S. bailout watchdog criticizes Treasury over GMAC

2010-03-10T21:30:07Z

<div><p>WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday.</p><p>The

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