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Canada Says May Finance Auto Firms In Bankruptcy (Reuters Via Yahoo! News)
Canada is considering providing debtor in possession financing to Chrysler and General Motors Corp if the companies end up having to file for bankruptcy protection, Industry Minister Tony Clement said on Thursday.
Buried In Bills: Wages Are Down, Costs Are Up (Chicago Sun-Times)
While the brutal recession slashes jobs, the unemployed and afraid-they-will-be are facing rising auto, home and life insurance rates. That comes on top of other hard-to-avoid expenses that are rising, including medical insurance. The cost of a typical auto insurance policy nationwide will jump 4 percent to $875 this year, on top of a 3 percent increase last year, according to the Insurance ...
Western Wisconsin Auto Parts Maker To Close, Move Some Production To Winona (Pioneer Press)
An auto parts plant in western Wisconsin will close and is expected to move some production to Minnesota.
(AFX UK Focus) 2009-04-25 18:50 Chrysler Canada May Not Need Bankruptcy Protection (Interactive Investor)
WASHINGTON, April 25 (Reuters) - The Canadian unit of Chrysler may not need to seek bankruptcy protection, even if the company does so in the United States, Canadian Finance Minister Jim Flaherty said on Saturday. Flaherty said the automaker's cost-cutting agreement with the Canadian Auto Workers union, announced late Friday, represented a "fundamental change" in the company's efforts to qualify ...
S. Indiana Auto Parts Plant Recalls 55 Workers (Indiana's NewsCenter)
VINCENNES, Ind. (AP) - A southern Indiana auto parts maker says orders have increased, so it is planning to recall 55 workers who were laid off last year.
Obama Task Force May Support SBA Loan Changes For Auto Dealers (Bloomberg)
April 23 (Bloomberg) -- The Obama administration’s auto task force may seek changes in Small Business Administration loans to help U.S. auto dealers weather the recession, the chairman of the National Automobile Dealers Association said.
Union Reports Layoffs At Columbus Auto-parts Planet (The Indianapolis Star)
COLUMBUS » A union official says about 100 workers have been laid off from a Columbus auto-parts plant over the past two weeks. International Brotherhood of Electrical Workers steward Patrick Owens says Emcon Technologies is laying off workers because of a slowdown as it awaits new business from Cummins and Volkswagen. Owens said he was optimistic that most of the workers would eventually be ...
Southern Indiana Auto-parts Maker Recalls 55 Workers (The Indianapolis Star)
VINCENNES » A Southern Indiana auto-parts maker says orders have increased, so it is planning to recall 55 workers laid off last year. A Futaba Indiana of America Corp. spokesman says the company already has recalled 15 workers to the Vincennes factory and hopes to recall 40 more by the end of May. The company, which laid off 113 workers last year, makes welded body parts for several Toyota ...
Auto Parts Plant Closing; May Move To MN (WEAU Eau Claire)
An auto parts plant is closing and may move some production across state lines.
2nd UPDATE: USAA Offers $1 Billion Auto Sector TALF Eligible Deal (Nasdaq)
NEW YORK -(Dow Jones)- Financial-services company USAA is in the market with a $1 billion auto sector deal that is eligible for funding under the Federal Reserve's Term Asset-Backed Securities Loan Facility, or TALF.
Union Reports Layoffs At Columbus Auto-parts Planet (The Indianapolis Star)
COLUMBUS » A union official says about 100 workers have been laid off from a Columbus auto-parts plant over the past two weeks. International Brotherhood of Electrical Workers steward Patrick Owens says Emcon Technologies is laying off workers because of a slowdown as it awaits new business from Cummins and Volkswagen. Owens said he was optimistic that most of the workers would eventually be ...
Western Wisconsin Auto Parts Maker To Close, Move Some Production To Winona (Pioneer Press)
An auto parts plant in western Wisconsin will close and is expected to move some production to Minnesota.
Auto Parts Plant Closing; May Move To MN (WEAU Eau Claire)
An auto parts plant is closing and may move some production across state lines.
US Auto Parts Leases 72,558 SF At Indian River Distribution Center In Chesapeake (Commercial Property News)
US Auto Parts Network Inc. has leased 72,558 square feet at Indian River Distribution Center in Chesapeake, Va. CB Richard Ellis Inc. represented the tenant in the transaction.
Finance Ministers Meeting In Washington To Talk Economy (CBC)
Finance ministers and central bank chiefs will focus on the banking system Friday as they meet in Washington, D.C., for talks on resolving the world economic slump.
Advance Auto Parts Names Sarah Powell Senior Vice President, General Counsel And Corporate Secretary (The Auto Channel)
ROANOKE, Va.-- Advance Auto Parts, Inc., , a leading automotive aftermarket retailer of parts, batteries, accessories, and maintenance items, today announced the appointment of Sarah Powell as Senior Vice President, General Counsel and Corporate Secretary.
S. Indiana Auto Parts Plant Recalls 55 Workers (Indiana's NewsCenter)
VINCENNES, Ind. (AP) - A southern Indiana auto parts maker says orders have increased, so it is planning to recall 55 workers who were laid off last year.
Recession Pushes Auto Parts Suppliers To Breaking Point - Feature (EARTHtimes.org)
Gerlingen, Germany - The world recession and the plunge in sales of cars is stretching German auto-parts suppliers to breaking point as they try to fund ongoing losses in a tight-margin business. At the Hanover Fair, a five-day annual expo for the ma...
Recession Pushes Auto Parts Suppliers To Breaking Point - Feature (EARTHtimes.org)
Gerlingen, Germany - The world recession and the plunge in sales of cars is stretching German auto-parts suppliers to breaking point as they try to fund ongoing losses in a tight-margin business. At the Hanover Fair, a five-day annual expo for the ma...
TRW Auto Parts Plant To Close In Ettrick (WKBT La Crosse)
A local auto parts maker, TRW, announced it will permanently close it's Ettrick plant because of difficult times in the automotive industry.