KOKOMO, Ind. — Back in this town's darkest days, Jeff Shrock, a third-generation autoworker, would cruise down the streets where he grew up, past the foreclosed homes and four giant Chrysler factories, knowing their future — and his job — were in jeopardy.
By Sharon Cohen, Associated Press
, February 26, 2012
WASHINGTON (AP) — Cars and trucks averaging 62 miles per gallon? Seems extraordinary now, but the government suggested Friday that automakers could be required to build new lineups by 2025 that make today's high-mileage hybrids seem conventional and turn gas guzzlers into relics of the past.
Five days before Toyota announced a massive recall, a U.S. executive at the company wrote in an internal e-mail: “We need to come clean” about accelerator problems, according to documents obtained by The Associated Press.
General Motors Co. will reinstate 661 dealerships it sought to drop from its sales network.
GM executives said Friday that 661 dealerships — more than half of the 1,100 seeking to stay with the automaker — will receive letters giving them the option to remain open.
In a few short weeks, Toyota has done what General Motors, Ford and other automakers have failed to accomplish for decades: Erase the perception that the Japanese automaker’s cars are of much higher quality than those of its rivals.
TRAVERSE CITY, Mich. (AP) — The U.S. government will not use its stake in General Motors to make social policy such as offering more fuel efficient vehicles or limiting auto emissions, the head of a task force overseeing the industry said Wednesday.
DEARBORN, Mich. (AP) — Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, following the worst loss in company history a year earlier. Shares rose 10 percent in morning trading.
With an almost certain bankruptcy filing days away, General Motors is beginning its reinvention, planning to retool one factory to make its smallest vehicles ever in the U.S. and rid itself of the biggest.
By Tom Krisher, The Associated Press
, May 30, 2009
Officials from Delphi Corp. and its former parent General Motors Corp. will meet with representatives from President Barack Obama’s auto task force on Monday for talks that could get the struggling auto supplier out of bankruptcy protection.
A public tiff between Italian auto-maker Fiat SpA and Chrysler LLC apparently ended Friday when Chrysler rescinded a statement on its Web site that Fiat would be responsible for part of Chrysler’s debt if the two companies join forces.
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