Word: auto
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
When the heads of the Detroit Three auto companies return to Washington this week to testify before Congress about their restructuring plans, they won't be traveling on their corporate jets. Not after the story broke on Nov. 19 that they had flown their "luxurious" aircraft to Washington to beg for $25 billion in loans to keep their companies afloat. Official Washington was outraged at the extravagance. Columnists and comics were ever so grateful for the gift. "I mean, couldn't you all have downgraded to first class or jet-pooled or something to get here?'' whined Representative Gary Ackerman...
...your way to the top, if you don't have the ultimate travel ticket? You might as well stop at divisional vice president. That should be no less true for the Detroit Three. Ford boss Alan Mulally left an aircraft company, Boeing, to take the top job at the auto company - the man is used to big jets...
...Consumers just aren't showing up, we're going to see flat sales next year [relative to the last half of 2008] and we're not going to see improvement until 2010," said Jesse Torpak, an analyst with Edmunds.com, which tracks auto sales data...
...automakers acknowledge that they are looking to obtain additional concessions from the United Auto Workers, which has come under intense fire in Congress for its extensive pay and benefit packages. Union leaders are meeting this week in Detroit to take up the issue on whether to re-open their current contracts with the Big Three...
...there much hope to be gleaned from the overall market. Auto sales, and with them an opportunity for a strong GM rebound, aren't expected to recover for quite a while. GM is renowned for its optimistic sales forecasts, but its outlook for the next three years is downright dismal. (Read "The Ripple Effect of a Potential GM Bankruptcy...