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Smaller firms hurt by strike at Axle Scores of small privately owned suppliers are falling victim to the American Axle strike as it nears a fifth week. Many are the very companies that had the foresight in the early 1990s to grab a share of the lucrative truck building business and then became the envy of their competitors by getting a bite of building General Motors Corp.'s hot-selling big trucks and SUVs. But now those same businesses are hurting the most, facing anything from weak first-quarter results to layoffs to the threat of... Article added: 2008-03-22 19:54:33 Article Views Rating: 209
Foley is parting with beloved Corvette Attention, political and hot rod junkies: Now's your once-in-a-lifetime chance to own a little red Corvette once driven by the speaker of the House of Representatives. That's right, former Speaker Tom Foley's 2001 shiny Corvette convertible is up for sale. Much to the Washington Democrat's chagrin. Foley, 79, now largely retired as a lobbyist with Akin Gump, is no longer driving. But it sounds as though he'll always have a soft spot for the car. "He loves that red Corvette," says Foley's wife, Heather... Article added: 2008-03-22 19:54:33 Article Views Rating: 237
2008 New-York Auto Show Starts Today Everybody was waiting for the grand opening of the New-York Auto Show. For two days press was full of the articles about the vehicles presented there. Finally today is the first day when the show starts and will take place for 10 days till March 30. This year New-York started earlier. Geneva Auto Show has been finished two weeks ago and the New-York Show starts right after it. Earlier the time difference between them was bigger for a comparison, there was the whole month between the shows last year. The... Article added: 2008-03-22 19:54:34 Article Views Rating: 233
Auto briefs NEW YORK -- Toyota Motor Corp. has cut its forecast for the U.S. auto market this year and now expects overall industry sales of around 15.5 million cars and trucks, according to Toyota executives at the New York car show. That range "is looking to be a more reasonable and realistic view," Randy Pflughaupt, vice president for marketing at Toyota Motor Sales USA, said at the auto show. At the start of the year, the Japanese automaker had predicted the market would be flat in 2008, with sales totaling... Article added: 2008-03-22 19:54:34 Article Views Rating: 252
Workers at Axle in crossfire as era ends You may not want to listen to Dakar McDonald. You may not be sympathetic to his predicament. But the guy tells a story that's worth hearing because of what it says about Detroit's reckoning. And an era's final gasps. He's 36. He's a husband, the father of an 8-year-old and a Southfield homeowner. He earns $28.75 an hour at American Axle & Manufacturing Holdings Inc.'s Plant 2, which he says works out to an annual salary of roughly $57,000. He's also on strike -- going on one month. McDonald, like the... Article added: 2008-03-22 19:54:34 Article Views Rating: 216
Fed-Mogul insurers on hook PHILADELPHIA -- Federal-Mogul Corp. insurers may have to pay more than $500 million for asbestos damages under the Chapter 11 plan that got the company out of bankruptcy last year, a bankruptcy judge has ruled. Judge Judith Fitzgerald of the U.S. Bankruptcy Court in Pittsburgh, ruled against more than two dozen insurance companies, who were fighting to avoid paying claims for damages linked to Federal-Mogul's asbestos products. The insurers argued they had bargained to cover damage claims against the... Article added: 2008-03-22 19:54:34 Article Views Rating: 289
GM workers face hard sell on buyouts General Motors Corp. next week will begin enticing thousands of veteran workers to leave the company for good by dangling the promise of a fresh start and maybe even a new car. The automaker, which badly needs to trim its ranks to help slash U.S. labor costs, says it won't coerce workers to take the buyout offers and retirement incentives going out to its hourly work force. But GM will try to put an upbeat spin on the daunting prospect of giving up the vaunted wages and benefits of a Big Three factory... Article added: 2008-03-22 19:54:34 Article Views Rating: 227
Avro 720 Mirage Special Edition A very limited edition of Ford GT is going to come out soon. British auto tuning company, Avro Motor Cars, is planning to make a new legend, Avro 720 Mirage. Only ten of these unique cars will be made. The designers put 720 horsepower in this car as well as 220 mph top-speed and 627 pound-feet torque. Accufab provides a throttle body, an inlet sleeve and an x-pipe exhaust system. An enormous supercharger is made by Whipple. Avro has orange color with black details. Its front and rear track is wider than... Article added: 2008-03-22 19:54:35 Article Views Rating: 236
B170 NTG Blue Efficiency Mercedes Benz In Summer 2005 Mercedes-Benz started making B-class four-door crossovers. This year it is unique due to its usage of natural gas as fuel. In total the company offers 7 different engines for the B-class vehicles. There is a choice of gasoline and turbo-diesel. But the new B170 NTG Blue Efficiency model runs on both gasoline and natural gas. It has a switch that shuts down the engine when the car is going to change the fuel. This option will help the car to attract more interest from consumers. The look... Article added: 2008-03-22 19:54:35 Article Views Rating: 260
A New Car Insurance Comparison Website Bank Lloyds started a comparison website on which the consumers can check for the prices on car insurance and see what will satisfy their personal needs best. The service of 35 providers can be checked on www.insurance.co.uk, but the administration of the website plans to have even more of insurance companies there. Lloyds offers its own package of auto insurance and the other car insurance companies suppose that www.insurance.co.uk would be independent from the bank, but the website creators say they... Article added: 2008-03-22 19:54:37 Article Views Rating: 278 |
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