6 Articles
Short run for Chrysler hybrids? Newark DE plant to close Dec. 31, 2008

Chrysler has announced this morning that it's moving up the closing of its Newark, DE assembly plant. The closure was originally announced in February 2007 and was planned to happen later in 2009. Instead, the plant will be shuttered effective December 31, 2008. Newark is the home of the Chrysler Aspen and Dodge Durango SUVs, products whose sales have tanked this year. At this point, we're still trying to find out what this means for the Aspen and Durango. Chrysler has not said if production wil

Another day, another GM plant closing

General Motors has announced that it will close its Grand Rapids metal and die plant by the end of 2009. The announcement comes one day after the General said it would close its Janesville, Wisconsin-based SUV assembly plant by the end of 2008, and one week after it announced the same Chris Shunk

BREAKING: HUMMER may die, 4 GM plants to close, Volt approved for production

Gas prices in excess of $4 a gallon and a collapsing market for new home construction is triggering General Motors to undertake yet another round of restructuring and plant closings. The latest victim of the rapidly changing American automotive marketplace may be perpetual green whipping boy, the HUMMER brand. General Motors has just begun a strategic review of HUMMER. Ahead of today's annual meeting GM CEO Rick Wagoner has revealed that the HUMMER could either be strengthened or disposed of goi

GM to follow Ford and restructure its restructuring

Following a slew of labor problems including the American Axle strike that cost an estimated $2 billion, General Motors is restructuring to accommodate the declining U.S. auto market. Following the lead of Ford and Michael Harley

GM offering more worker buyouts, could close more plants in 2008

General Motors held a conference with analysts today in which it outlined the automaker's turnaround progress and plans for 2008, the result of which is a press release (after the jump) that is the most boring piece of literature ever to be read. We tried, and were comatose by the first set of bullet points. Those who soldiered on, however, discovered that GM's cost-cutting plans for 2008 include offering worker buyouts to 46,000 eligible employees and potentially closing more facilities.

New ad campaign for the Big 3 plays the "Buy American" card

The Level Field Institute, a group comprised of retired domestic auto workers, is telling consumers "What you drive, drives America" in an attempt to convince car buyers to purchase vehicles from the-group-of-nominally-domestic-automakers-previously-referred-to-as-the-Big-3. The ad campaign uses a variety of statistics to drive home its point, including the fact that direct employment by the US automakers is rou