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Judge grants Delphi request to end benefits for 15,000 retirees | detnews.com | The Detroit News NEW YORK -- A federal bankruptcy judge granted Delphi Corp. permission to cancel its salaried retiree health care and life insurance -- a move that will end benefits for 15,000 people as early as April 1 and save the Troy-based auto supplier more than $70 million annually. "Every dollar counts," said U.S. Bankruptcy Judge Robert Drain in his ruling, noting that Delphi will save $1.5 million a week by eliminating the health and insurance payments and represents "good business judgment" by the struggling... Article added: 2009-02-25 06:22:51 Article Views Rating: 265
Tesla Motors Changes Plans Silicon Valley will not be only famous for the computer industry, but for auto building as well. Tesla Motors is planning to build an electric-car factory and assemble the new-generation vehicles there.This is interesting idea and it might work out for the company... later. Tesla’s headquarters are in California, so the thought about Silicon Valley plant raised in September last year seems real. Unfortunately the world crisis makes everybody change plans and electric-car maker decided to... Article added: 2009-02-05 07:31:58 Article Views Rating: 262
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
UAW: Five GM plants face strike The United Auto Workers union is threatening to strike five General Motors Corp. factories, including ones in Flint, Warren and Lansing, if deals aren't reached soon on local contracts for each of the plants. The ultimatum comes as GM's production is hobbled by a six-week UAW strike at auto parts maker American Axle & Manufacturing Holdings Inc., which has forced GM to shut down or cut shifts at 30 factories in the United States and Canada. In letters GM received this week, UAW officials cited a desire... Article added: 2008-04-05 08:51:23 Article Views Rating: 258
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: 253
Big 3's hybrid message: We will survive; we will be green | detnews.com | The Detroit News Kicking off the most important auto show of a crucial year, Detroit's Big Three automakers unveiled stylish, fuel-efficient and high-tech vehicles Sunday aimed at winning back customers from import brands and countering doomsayers and critics in Washington and across the country. "You can't look at the array of cars that we've brought up on stage today and say these guys don't get it, these cars are ugly, and these cars don't perform," said GM Vice Chairman Bob Lutz, the Detroit industry's most eloquent... Article added: 2009-01-12 06:34:09 Article Views Rating: 252
Wald designed Mercedes C-Class Sports Line GT Following the success of its previous CL and S-Class styling kits, Japanese tuning firm Wald International is set to release a brand new package for the latest W204 C-Class sedan that’s shaping up to be more dramatic than anything it’s released in the past. Although based on the humble entry-level sedan, the new styling kit adds a GT wing that could rival the unit found on a DTM race car as well as an equally aggressive set of matching bumpers. In addition to the rear wing, the package also... Article added: 2008-03-26 08:07:45 Article Views Rating: 251
"Twist the Throttle" motorcycle documentary series launches online Over the weekend, Dylan Weiss from Cry Havoc Productions, Inc. let us know that his latest motorcycle-specific documentary went live at Discovery's Turbo online site. We've spent some time watching the footage, and we think it's awesome. Focusing in on Honda, Yamaha, Kawasaki, Suzuki, BMW, Ducati, MV Agusta and Bimota, the crew took plenty of footage home with them and managed to ride some of the greatest modern sportbikes ever created along the way. Best of all, over four hours of video is available... Article added: 2008-03-22 19:54:38 Article Views Rating: 246
Microsoft heading to NASCAR Click the images to view the #49 Microsoft Camry in our gallery Kickin' racing games like Forza 2 and PGR4 aside, Microsoft is one of the biggest companies not involved in motorsports. But after partnering with McLaren on the development of Formula One's new standardized, traction-control-less engine management unit, the software giant could be changing its mind. BAM Motorsport has managed to convince Microsoft's small business division to sponsor Ken Schrader's #49 Toyota Camry in the NASCAR Sprint... Article added: 2008-03-28 05:33:57 Article Views Rating: 246
Next Mustang and Falcon to share new RWD platform In a move similar to GM’s plan to bring rear-drive Australian vehicles to U.S. shores, rival carmaker Ford is also planning to beef up its product lineup with some much needed RWD models. The new cars will be based around a single platform, in line with Ford’s new strategy of global platform sharing, and will eventually spawn the next-generation Mustang and Falcon models current version pictured as well as new sedans for both Ford North America and Lincoln. Despite Australia’s expertise in RWD... Article added: 2008-03-25 07:31:04 Article Views Rating: 245 |
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