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Ford Motor Co. will offer buyout and early retirement packages to 54,000 U.S. hourly workers, or 93 percent of its hourly work force, in an effort to cut costs and replace those leaving with lower-paid workers. Thursday's announcement came as Ford said it narrowed its losses in 2007 but warned that the outlook for U.S. sales in 2008 remains grim. ...more
January 25, 2008
Nervous consumers are expected to make November another sluggish month for auto sales despite holiday discounts and a handful of runaway hits such as the new Chevrolet Malibu. ...more
December 1, 2007
Ford Motor Co. won reversal of a $60 million jury verdict awarded to the parents of a 17-year-old boy who was killed during a rollover of a 1996 Ford Explorer sport utility vehicle. ...more
November 9, 2007
Ford Motor Co. posted a third-quarter loss of $380 million Thursday, a vast improvement over its $5.2 billion loss a year earlier. ...more
November 9, 2007
The XC70 stretches the boundaries between station wagon (don't say that too loudly) and the sport utility vehicle. The redesign gives the body a more aggressive appearance by adding a stronger styling to the front end, particularly in bumper and lower valance. The vehicle has an almost bulldog body structure with broad shoulders that run from the front doors all the way to the lift gate at the rear. ...more
October 20, 2007
Chrysler LLC, the third-largest U.S. automaker, may cut 1,500 salaried and contract jobs because of falling U.S. auto sales, people familiar with the strategy said. ...more
October 9, 2007
The United Auto Workers has set a deadline of 11 a.m. Wednesday to agree on a new contract with Chrysler LLC or workers could strike. ...more
October 9, 2007
Chrysler LLC may need to trim some models as it focuses on how to reach more customers, the automaker's new head of sales and marketing said Monday. ...more
October 2, 2007
GM's tentative new contract with the United Auto Workers offers the other struggling domestic automakers, Ford and Chrysler, enough cost-cutting inducements to find common ground and strike a deal with the union, analysts said Wednesday. ...more
September 27, 2007
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