It looks like GM employees are going to get that perk that is usually limited to those in the teaching profession: General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, three people briefed on […]
That’s the message sent out by Senate Republicans last night as the auto bailout failed: Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse. General Motors Corp. and Chrysler LLC, which have said they could run out of […]
That’s what it seems like the Republicans are heading for – a policy of saving white collar jobs, while letting blue collar workers hit the unemployment lines: Top Republican senators said Sunday they will oppose a Democratic plan to bail out Detroit automakers, calling the U.S. industry a “dinosaur” whose “day of reckoning” is coming. […]
Ouch: Shares of General Motors Corp. plunged Wednesday to their lowest level since September 1954, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company’s cash needs. George Bush’s legacy continues.
While we hear reports of our economy doing good, we are presented with a harsh reminder of what outsourcing has done to our nation. This from theAssociated Press: General Motors Corp. said Tuesday it plans to nearly triple the number of cars it produces in India to meet growing demand in the South Asian country. […]