cuts


More cuts across the board: General Motors to slash dealers, plants and employees

General Motors' spate of announcements this morning was bad news for enthusiasts (e.g. the shuttering of Pontiac) and even worse for GM's debt-for-equity swap (without a 90% take-rate the automaker is bound for CH 11). But for dealerships and workers, GM's re-revised restructuring plan is going to hurt... hard. In addition to focusing on GM's core brands – Chevrolet, Cadillac, Buick and GMC – and thus jettisoning Saab, Saturn and Hummer by the end of 2009, GM announced plans to cut its dealerships by 42% by the end of 2010. By the ... Read more →

GM/UAW concession talks commence Michael Harley

To ensure long-term viability, General Motors has pledged an arm and a leg (and maybe an eye) to satisfy conditions imposed by the federal government after the automaker received billions in ...

As sales slump, Toyota cuts bonuses and vehicle production Michael Harley

Management bonuses will be slashed 10 percent at Toyota as a result of the global economic slowdown. About 5,000 managers will take cuts as the Japanese automaker reels from falling global sales that ...

GM to cut 20% in overall white collar costs, cut truck production by over 300k Chris Shunk

GM CEO Rick Wagoner announced sweeping organizational challenges designed to cut costs by $15 billion by the end of 2009. The Detroit automaker is looking reduce costs in an increasingly difficult ...

Chrysler to make cuts in fleet sales in '08 Damon Lavrinc

Chrysler has looked deep into it soul and decided to join the General and FoMoCo in an attempt to reduce its reliance on fleet sales. Chrysler's Vice Chairman, Jim Press (that still doesn't sound ...

Ford might increase cuts in slow economy 2 years ago on Autoblog

Mark "the Mullet" Fields dropped some small ordinance during an interview with the Wall Street Journal today, saying that if the slow U.S. economy puts the automaker at risk of not meeting its financial goals for the next two years, it may increase the rate at which it will cut costs. To quote ...

Whoa, Nellie: GM reigning in production at 3 SUV plants 3 years ago on Autoblog

With the sales of the new GMT900 platform SUV's still strong, GM is looking ahead to assure that future inventory doesn't overrun demand as it has in the recent past. The company announced today that it will be reducing production in three plants that produce the GMC Yukon, Cadillac Escalade, and ...

More workers going under the knife before benefits cut 3 years ago on Autoblog

According to the International Herald Tribune, Michigan physicians, hospitals and medical insurers have noted an increase in the number of elective surgery requests since last year. Replacements for knees, hips and shoulders were up by 20 percent at the Henry Ford Health System alone. A little super ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

Subscribe via: iTunes | RSS

Featured Galleries

  • Spy Shots: 2011 Lincoln MKX
  • Spy Shots: 2011 Ford Edge
  • MINI Beachcomber concept
  • Gold Mercedes-Benz SLS for Dubai Motor Show
  • 2011 Mercedes-Benz E-Class Cabriolet
  • 2011 Audi A1 Graffiti Teasers
  • Reader Spy: SRT-prepped Dodge Journey R/T
  • 2011 BMW Z4 sDrive35is
  • Ferrari P540 Superfast Aperta
  • 2010 Dodge Viper ACR-X
  • First Drive: 2010 Lexus GX460
  • Hennessey Performance Venom GT in the shop
AOL Autos

Find Your Next Car

Resources

10 Most Searched Cars on AOL Autos

Autoblog Video

Autoblog Green

BloggingStocks

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum