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TRUCKMAKERS' NEWS * USA & Canada
* Chatham truck plant lays off 470 workers
Chatham,Kent Council,CAN -The London Free Press, by Norman De Bono -November 5, 2008: -- ... International Truck in Chatham issued layoff notices today to 470 workers, leaving about 400 at the plant... But as International is cutting jobs and production here, it is ramping up manufacturing at its plant in Escobedo, Mexico assembling 30 Pro Star Trucks a day, the same vehicle made in Chatham... International Truck in Chatham, owned by Navistar, received a $60-million federal and provincial bailout in 2002 to remain open, along with $44 million in annual concessions from workers, and the plant should not be shifting production to Mexico after getting bail out money here, said Joe McCabe, national representative for the Canadian Auto Workers union at the plant... The layoff total includes cutting some management and salaried workers as well as hourly, said McCabe... The layoffs will come into effect Jan. 31...
* Isuzu May Hitch A Ride With GM
New York,NY,USA -Forbes, by Tina Wang -6 Nov 2008: -- In a bid to stave off bankruptcy, General Motors is shopping its truck unit to foreign buyers. Japanese commercial vehicle maker Isuzu Motors may bite. The two firms may find some sort of alliance helpful as they confront an increasingly bleak outlook for global vehicle demand... If the current talks were to bear fruit, Isuzu would get access to the North American market and broaden its truck lineup, while GM would fulfill its need to shed assets in exchange for badly needed capital, as it scrambles for options such as a tie-up with Chrysler and solicits U.S. government help... Isuzu was reportedly considering acquiring part of GM's midsize truck line but did not want a full acquisition, according to a Nikkei report, citing comments by Isuzu President Susumu Hosoi. The Japanese carmaker was willing to explore a stake provided that GM retained some role in its truck business... A deal could extend production of some trucks and engines that GM wanted to halt, and small-truck specialist Isuzu would get to expand its offerings of midsize commercial vehicles, which make up only about a fifth of its annual output of 270,000 vehicles. Isuzu would be able to take advantage of GM's dealership network to boost North American sales, filling a gap since its performance has been strongest in emerging markets such as Southeast Asia and Russia... GM approached Isuzu in mid-September, and a bare-bones deal may be concluded by the end of 2008, the Nikkei had reported previously...
Labels: truckmakers' news USA and Canada
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