Chicago private-equity firm merges holdings that include Sparta operation -- Updated at 2:12 p.m. with local address and employee numbers
Aug 18, 2009 9:35 AM
A hairy boycott for Ruby Tuesday, a possible major HQ for Knoxville, and more... [From our print edition featured in Monday's City Paper]
Aug 16, 2009 4:04 PM
Morningstar analyst Joung Park says "beleaguered U.S. consumers are deferring tire replacements" during the recession. But once they find the cash to get new rubber for their rides, the industry — including Nashville-based Bridgestone, which isn't examined here — will have a better time of it.
... [W]e believe that this pent-up replacement-tire demand will be released in the near future, likely in 2010 and 2011. We believe this confluence of contracting supply and rebounding demand for replacement tires will provide a temporary spike in profitability for Cooper and Goodyear by raising plant-utilization rates and tightening tire availability, thereby supporting pricing. In addition, falling raw-material costs could provide an additional boost to industry bottom lines.
Aug 14, 2009 7:03 AM
The auto maker's Chattanooga HR chief says his team is building a system to handle 100,000 job applications for the less than 2,000 it expects to begin bringing on early next year. SEE ALSO: VW of America boss Stefan Jacoby talks to The Detroit News about VW's plans, including how it will fix a brand that "got a little bit lost."
Aug 13, 2009 11:36 AM
Nice headline number, huh? GM says its Volt electric car will get monstrous mileage, but ZDNet's Larry Dignan's eye landed on the fine print instead.
What happens when it’s summer, 90 degrees and humid and you have a car pool going? When the battery hits a minimum level, the Volt will switch to extended-range mode. In this mode, the Volt’s fuel engine produces electricity.
Aug 11, 2009 3:32 PM
The bad news for Ford: Its Explorer SUV — recently dubbed as one of the 50 worst cars of all time — takes up six spots on the list of top cars being traded in as part of the cash for clunkers. The good news: Its Focus compact heads up the list of cars being bought these days. The Escape also is in the top 10.
Aug 5, 2009 6:02 PM
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