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 Automotive Industry News

7/23/2008 4:35:00 PM
GM shares nearly double from historic low
Shares of General Motors today reached levels that nearly doubled their value from half-century lows set earlier this month. GM shares closed at $14.58 a share, up 26 cents, or 1.82 percent. Shares of GM had traded as high as $16.43, or up almost $1.
7/23/2008 4:23:00 PM
TI Automotive shakes up U.S. subsidiary
TI Automotive has changed the leadership of its fluid-carrying division and is moving its suburban Detroit headquarters of the division to Germany.
7/23/2008 4:08:00 PM
Saying 'no' worked for Mazda: Sales are stable
Jim O'Sullivan, Mazda's top U.S. executive, recalls a time when auto dealers suggested the company make a pickup. Call it the M-150, dealers said. They wanted something like the then-top-selling F-150 made by Ford Motor Co., Mazda's partial owner.
7/23/2008 3:57:00 PM
J.D. Power lowers U.S. sales forecast to 14.2M
Following the lead of automakers and analysts, J.D. Power and Associates has cut its projection of 2008 U.S. light-vehicle sales to 14.2 million units. That is down 750,000 units from the 14.
7/23/2008 2:16:00 PM
UAW says 2,200 Axle workers took buyouts
About 2,200 union workers at American Axle and Manufacturing Holdings Inc. have accepted buyout and retirement offers, exceeding the company's target, a union official with knowledge of the matter told Reuters on Wednesday.
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