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Big Three automakers beg for $25 billion lifeline
Source: Posted: 11-18-2008 at 09:00:11
Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save their once-proud companies from collapse, warning of broader peril for the national economy as well.
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GM delays payments to dealers to conserve cash
Source: Posted: 11-18-2008 at 12:00:27
Cash-strapped General Motors Corp. said Monday it will delay reimbursing its dealers for rebates and other sales incentives, an indication that the company is starting to have cash-flow problems.
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GM's Electric Car DOA?
Source: Posted: 11-18-2008 at 03:00:11
Call it an economic and environmental murder mystery in the making: Will a cash-strapped Detroit kill the electric car -- again? Stung by an association with gas-guzzling SUVs and pushed to the brink of failure ...
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Ford to Sell Stake in Mazda
Source: Posted: 11-18-2008 at 12:00:11
Ford Motor Co will end 12 years of control of Mazda Motor Corp through the sale of a 20 percent stake in the Japanese carmaker in the latest sign of desperation among the U.S. Big Three as they scramble to ...
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Even with Bailout, is GM Bankruptcy Inevitable
Source: Posted: 11-18-2008 at 03:00:01
A debate is raging in Congress and across the nation: should General Motors be allowed to slip into bankruptcy? GM executives say such an event would be devastating; customers would desert the automaker in droves. Politicians from automotive dependant states predict dire job losses. Many academics and economists believe that bankruptcy, however, is the only way for GM to become lean enough to compete in the global marketplace.
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Jayco to close Topeka RV plant
Source: Posted: 11-18-2008 at 03:00:15
Jayco Corp. will close its Starcraft trailer plant in Topeka in early January eliminating 244 jobs.
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Industry Gloom To Cast Shadow On LA Auto Show
Source: Posted: 11-18-2008 at 09:00:10
New cars are supposed to be the main attraction when the Los Angeles Auto Show kicks off Wednesday, but dreadful U.S. sales, bailout hearings in Congress, and General Motors' decision to all but pull out of the ...
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Mozilla to end support for Firefox 2
Source: Posted: 11-18-2008 at 12:00:07
Stability and security releases for the browser will end next month, despite ongoing problems with Firefox 3 The Mozilla Foundation is planning to end support for the Firefox 2 browser in mid-December, despite the persistence of significant flaws in the most-recent version of the popular browser. ...
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Mobile industry calls for RFID payment push
Source: Posted: 11-18-2008 at 12:00:07
The GSM Association has called on manufacturers to build technology for contactless payments into their handsets by the middle of next year The GSM Association has called on phone manufacturers to build RFID technology into handsets from mid-2009, in a bid to kick start the mobile-payment industry. ...
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Should Bailout Cost Detroit-3 CEOs Their Jobs?
Source: Posted: 11-18-2008 at 03:00:01
If the Detroit-3 get the bailout they want from feds, should it cost CEOs their jobs? GM's Rick Wagoner is considered least likely to keep his job in such a scenario, while Chrysler's Robert Nardelli is considered more iffy, and Ford's Alan Mulally is considered fairly likely to keep his job. However, most industry watchers don't think it would be good for any of them to lose their jobs immediately.
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Spinella: Expect Six Months of Rough Sledding, but Buyers Will be Back in 2009
Source: Posted: 11-18-2008 at 03:00:01
Art Spinella, president of CNW Research, offers his insight into the near future of the auto industry and the U.S. economy. "If all other issues are either resolved or consumers, in general, feel comfortable with the direction of the country and their own lives, the majority of [auto buying] postponers will return to market in the second half of 2009. They may begin trickling back in the spring, but summer and next fall will be the return of consumer vehicle purchases," he said.
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