Honda Motor Co. is going to cut production in the United States and Canada by 62,000 vehicles by shutting down factories for 13 days starting in May. The company is also going to reduce pay for factory workers.
The Japanese automaker on their hands offered early retirement incentives to most of its 32,400 workers in North [...]
The New York Times’s Jack Healy reported today that the first full trading week of 2009 began with a fluctuation on Wall Street. Big Stock markets problems have as auto companies posted double-digit sales declines for December and oil prices rose.
The Dow Jones industrial average decreased below 9,000 to close at 8,952.89, down 81.80 [...]
Ford Motor Co. is considering selling Volvo Car Corp. as the beleaguered U.S. automaker seeks to raise cash and weather a global automotive sales crisis.
A year and a half ago Premier Automotive Group (PAG) unprofitableness – Ford Premium Departmen - led the American Corp to think about selling Volvo in the end of 2007. [...]
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