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AUTO WORLD NEWS
* GM also limits severance pay for salaried workers; UAW retiree challenges health benefit cuts
DETROIT,Mich,USA -The Detroit News, by Brett Clanton & Bill Vlasic -Dec 15, 2005: General Motors Corp. is suspending contributions to its 401(k) savings plan for salaried employees and paring back severance benefits as it prepares for more white-collar job cuts in the coming year... The automaker is scaling back employee severance pay as it prepares to cut more workers...
* UAW backs Ford health deal
DETROIT,Mich,USA -The Detroit News, by Bryce Hoffman -Dec 15, 2005: United Auto Workers leaders on Wednesday outlined a tentative agreement between the union and Ford Motor Co. that would shift more health care costs to thousands of blue-collar workers and retirees and save the automaker an estimated $850 million a year...
* Ford ads will run in gay media
Washington,DC,USA - The Detroit News, by Jeff Plungis -Dec 15, 2005: Ford Motor Co. said Wednesday it would buy corporate advertising in gay and lesbian publications in 2006, responding to concerns that it had dropped ads to end a conservative group's boycott of Ford brands... Automaker says its decision to drop Jaguar and Land Rover ads had been misperceived...
* Toyota makes hybrid car in China
China -BBC News -15 DEc 2005: Toyota wants worldwide Prius sales of one million a year by 2010.Toyota has begun assembling its Prius hybrid car in China and hopes to sell 3,000 units in the country next year... Hybrids use both petrol and electric motors to double their fuel efficiency and halve their emissions...
* Toyota union will seek pay hike
NAGOYA,Japan -Kyodo/The Japan Times -15 Dec 2005: Toyota Motor Corp.'s labor union is planning to demand an increase in members' basic monthly pay for the first time in four years in the next round of wage negotiations in the spring, industry sources said Wednesday...
* Volvo IT signs consulting services agreement with Volvo Car Corporation
Sweden -Nordic Business Report -15 Dec 2005: The Swedish IT services group Volvo IT, part of Sweden's Volvo Group, said on Thursday that it had received a contract for IT consulting services from Volvo Car Corporation, part of Ford Motor Company... The contract covers consulting services within project management, systems development and technical support...
* Bosch to Cut 200 Jobs at Ohio Plant
WOOSTER, Ohio,USA -Associated Press -Dec 14, 2005: Bosch Corp. plans to eliminate about 200 manufacturing jobs at a northeast Ohio gear pump plant by the end of next year. The company said demand for gear pumps and control valves made at the Bosch Rexroth AG plant for a variety of industries, mostly agricultural, has significantly declined. The company plans to discontinue the products made at the Wooster plant...
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