![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Repercussions - USA - About GM disposal
1 - TORONTO,Canada/REUTERS -- Hargrove says Martin to help save GM jobs -- Canadian Auto Workers President Buzz Hargrove said on Tuesday he would team up with the Canadian prime minister to keep General Motors from closing a key plant and slashing thousands of jobs... Hargrove said Prime Minister Paul Martin had called him on Monday after the world's largest automaker said it would cut about 3,900 jobs in Canada and shut its plant in Oshawa, Ontario...2 - NEW YORK,USA -newratings.com -- General Motors "sell" -- Analyst Ron Tadross of Banc of America Securities maintains his "sell" rating on General Motors. The target price is set to $16... In a research note published this morning, the analyst mentions that the company's market share in the US is expected to decline by 100bps annually to 22.3% by 2009. The anticipated losses from the company’s North American operations are likely to remain the same till 2009, despite the recent plant closure announcement for the next three years...
3 - Oklahoma,USA - AP -- Governor Appoints Committee To Help GM Employees -- Governor Henry met this morning with United Auto Workers and state officials to discuss the pending closing of the General Motors plant in Oklahoma City... Henry says he established a committee of officials from the Commerce Department, CareerTech, and the Employment Security Commission to help the 22-hundred employees who'll lose their jobs...
4 - LITTLE ROCK,ARK,USA -Arkansas News Bureau, by Wesley Brown and Lana F. Flowers -- Business leaders, economic experts unsure of GM plant closings impact on Arkansas -- GM has no plants in Arkansas, but a number of companies benefit directly or indirectly from the $46 billion the Detroit auto giant spends annually with suppliers... Two GM auto assembly plants that will close or cut back on production next year, one in Oklahoma City and one in Spring Hill, Tenn., both trade with trucking firms, auto parts suppliers and other associated businesses in Arkansas...
5 - Richmond,VA,USA - Richmond Times-Dispatch, by John Reid Blackwell -- GM cuts may echo in State has a notable footprint in the auto-parts business: 100+ firms -- A General Motors Corp. plant in Fredericksburg has escaped the latest round of job cuts and plant closings by the world's largest automaker... At least 130 sites in the state make automotive parts or provide other products in the industry's supply chain, but it was unclear yesterday how many of those businesses supply GM...
A - DETROIT,MI,USA -Reuters, by Jui Chakravorty -- GM needs product appeal -- In an industry where 'product is king,' General Motors Corp. is in dire need of attractive new vehicles to rule the road, analysts say, mostly dismissing a move by the ailing auto giant to cut jobs and close plants to save billions of dollars a year... "I don't think the cuts are enough, but it's not a matter of whether they are enough or not, it's a matter of whether or not the company will create the culture of innovation GM needs to pull the company out of a tailspin," automotive expert Charles Fleetham said...
B - Lawrenceville,GE,USA -Winnett Daily Post, by Douglas Sams -- Doraville GM plant to close -- Developers carved Ikea, the Georgia Aquarium, condos and townhomes from the ruins of the old Atlantic Steel Mill. That $2 billion project is of course known as Atlantic Station — a blueprint for revitalization... Now, developers are expected to see a similar opportunity to remake the nearly 60-year-old GM Doraville Assembly Plant into a bustling mix of housing, shopping and dining...
posted by Unknown @ 7:48 PM
0 Comments:
Post a Comment
<< Home