Columbia City plant to close, nixing 135 workers
Fort Wayne Foundry Corp. will shutter the auto parts factory for the second time in a year, as its jobs head to Mexico, according
to a union official.
GM
Articles
U.S. car sales: Toyota tanks, others take flight
Beyond the expected plunge for troubled Toyota, U.S. car sales sailed along nicely in January, including a 24 percent surge
for Ford and 14 percent gain for GM.
Falcone mourning Saab
Former dealer saw the end coming, but says customers are following him to Volkswagen and Subaru.
Don’t confuse Toyota for GM
Toyota isn’t about to grow complacent like GM did in the ’60s, an analyst says.
GM reports $1.2B loss, says it shows progress
General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better
than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
GM to draw government funds for Delphi costs, source says
General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a
chunk of troubled parts supplier Delphi Corp., a person briefed on the company’s finances said Wednesday.
GM invests $364M, adding 230 jobs in Marion
General Motors Co. says it’s investing $364 million in its Marion Metal Center in Indiana and will employ about 230 workers
transferring from plants in Michigan and Ohio.
Iconic Hummer brand sold to Chinese manufacturer
Hummer, the off-road vehicle that once epitomized America’s love for hulking trucks, is now in the hands of a Chinese heavy
equipment maker.
Delphi emerges from Chapter 11 after 4 years
Auto parts supplier Delphi finally exited bankruptcy protection on Tuesday nearly four years to the day it filed for Chapter
11.
GM to add shifts at 3 sites, including Indiana
General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost
due to a large-scale factory consolidation announced earlier in the year.
125 workers at Indianapolis GM plant take buyout offer
More than 125 people at General Motors Corp.’s metal-stamping plant in Indianapolis have signed up for buyouts or early-retirement
packages that are worth as much as $115,000 in cash per worker, a union official said this morning.
LIPPERT: GM woes strike close to home
As someone who grew up in Michigan during the 1960s and 1970s, watching General Motors Corp. self-destruct was like seeing a loved one make bad decisions then watching him suffer the consequences.
Carson vs. Chrysler, round one
U.S. Rep. Andre Carson, D-Indianapolis, is taking on General Motors Corp. and Chrysler Corp. in the name of crash victims.
GM workers hesitate to bite at buyout bait
GM workers must decide by March 24 whether to take a buyout, but the lack of jobs due to the recession coupled with the cost of health care makes their decision especially difficult.
UAW in tough spot as automakers seek concessions
A federal bailout for automakers Chrysler and General Motors won’t fix their problems. I think a bankruptcy of these companies is nearly inevitable.
It might also spell the demise of the UAW.
Big Three automakers stay alive
The weakest of the Detroit Three, Chrysler LLC and General Motors Corp., said they would run out of cash in 2009, potentially
eliminating tens of thousands of jobs in Indiana alone.
City government should shop locally
Good luck getting people to buy from local vendors or manufacturers.
Indiana should brace for auto fallout
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary
to make them a viable entity for the long haul.
Allison Transmission might be ripe for management buyout
As struggling General Motors Corp. tries to raise cash by unloading Allison Transmission, the fate of the city’s third-largest
manufacturer hangs in the balance. But analysts say its market dominance, strong management team and abundance of private
equity could spare it the fate of other auto plants here.