And the auto maker may have to lay off more than 7,000 hourly people to meet its previously stated goal of reaching 40,500 people.
G.M.’s contract with the U.A.W. calls for hourly workers who are laid off to receive most of their pay through a combination of state unemployment benefits and supplemental pay from the company, though the union recently agreed to shorten the time that assistance was available.
Aug 3, 2009 12:52 PM
Shares of Nissan jumped more than 6 percent in Tokyo Monday after the company unveiled its first electric car over the weekend.
“Investors are jumping to Nissan after it actually unveiled the much-awaited car,” said Koichi Nishi, an equity strategist at Nikko Cordial Securities Inc. “Products that fulfill the promise of environmental-friendliness are encouraging.”SEE ALSO: More pics of the car, which will be made in Japan.
Aug 3, 2009 6:42 AM
Building a plant in Chattanooga will be huge in helping Volkswagen take on the U.S. market, but its pending tie-up with Porsche will add the sizzle.
"VW's image in the U.S. could benefit significantly from Porsche," says Jürgen Meyer, a fund manager with SEB Asset Management in Frankfurt. "Americans don't know Audi, but they know Porsche as a premium brand and that will rub off on VW. They could possibly use the Porsche brand name to create a group of premium models like we see today with Audi, but with better brand recognition."
Jul 31, 2009 1:42 PM
Despite sales falling 23 percent from a year ago, the car maker earned $123 million from operations last quarter, beating analysts' estimates by a good bit. The company did post a net loss of about $175 million, but said it sees signs of a turnaround.
Jul 29, 2009 1:38 PM
The automaker has unveiled its zero-emissions technology, which is so quiet company officials are studying how to add some noise so that other users of the road will know the car's around.
Nissan's electric vehicle shows the driving radius within range of the car's charge on a dashboard navigation map, so drivers won't get stranded on the highway. It can also calculate if the vehicle is within range of a destination. A handheld remote control allows a user to preset room temperature, set a timer for nighttime battery recharging, and to receive a message when the vehicle is fully recharged.
Jul 27, 2009 11:51 AM
North Carolina-based Carlisle Tire & Wheel Co. has picked West Tennessee for a new factory that will make tires, inner tubes and wheels for various vehicles. The plant, which used to house Whirlpool operations, is expected to employ 440 people and will receive various incentives and tax credits from the state.
Jul 21, 2009 10:34 AM
- BRASWELL, ROBERT
- GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR
- GARRETT, TIMOTHY M EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, JOHNNY C EXECUTOR; GARRETT, JOHNNY C IV EXECUTOR
- GARRETT, JOHNNY C IV EXECUTOR; GARRETT, JOHNNY C EXECUTOR; GARRETT, ANN BIGGER ESTATE; GARRETT, TIMOTHY M EXECUTOR