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AUTOMAKERS NEWS * USA
* Obama rips Republicans for 'liking gas guzzlers'
- President Obama argues Thursday that the long-term solution to higher gas prices is more gasoline production and more fuel-efficient vehicles. He said his Republican opponents support fuel-hogging SUVs — and ridiculed their opposition to boosting fuel efficiency standards. Obama said the long-term solution includes more gasoline production and more fuel-efficient vehicles... Read more* Biden denounces GOP opposition to auto bailout
- Vice President ,Joe Biden, offered the Obama administration's toughest critique of Republican opposition to the $85 billion auto bailout, saying Thursday GOP rivals were willing to turn their backs on hundreds of thousands of workers. Biden forcefully rebutted two arguments advanced by opponents of the bailouts that saved General Motors and Chrysler — that it was a giveaway to the UAW and that the private sector could have saved the companies... Read more* Ford: 1,700 workers take early retirement offer
- About 1,700 Ford Motor Co's workers accepted early retirement offers and most of them will leave the No. 2 U.S. automaker by June 1. Ford offered $50,000 to eligible production workers who retired by March 31, 2012. The company also offered a $100,000 bonus for skilled trade workers who retired by that date. By reducing the number of older workers on their payroll, Ford, General Motors Co and Chrysler Group LLC is creating room to hire new workers at lower wages... Read moreLabels: automakers news
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