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...Detroit Three, they don't have a choice this week. The weenies at Ford announced they were selling two jets (meaning, of course, that lower-ranking execs will be flying Northwest to the plant in Valencia) and driving a Ford Escape hybrid to Washington. GM has caved completely and shut down its air force, throwing 50 people out of work. (Thanks, Congressman Ackerman!) Maybe the President should send his helicopter for the GM honchos. He doesn't really have use for it now. And when some truly desperate Americans need a dramatic rescue, sending in Marine...

Author: /time Magazine | Title: Why the Big Three Should Fly Corporate Jets | 12/3/2008 | See Source »

...However, another contract the union signed with Mitsubishi back in September could become the template for the union's next contract with Detroit automakers. The UAW-Mitsubishi contract, which covers roughly 1,100 workers at the Japanese automaker's plant in Normal, Ill., called for workers to take a 14% pay cut, rolling back wages to $24 per hour from $28 per hour...

Author: /time Magazine | Title: Auto Sales Plummet, Worsening Crisis | 12/3/2008 | See Source »

...Doughnut Plant, 379 Grand Street...

Author: /time Magazine | Title: New York City | 12/2/2008 | See Source »

...understand how the angst is playing out, consider Tipton, Ind., population barely 5,000. In April 2007, the German manufacturer Getrag LLC announced it would build a $455 million plant about an hour's drive north of Indianapolis. The plant's sole purpose was to build energy-efficient transmissions for Chrysler. The plant would inject some 1,200 new jobs into a state whose economy is both ailing and heavily dependent on the automotive industry. Townsfolk talked of a new hotel, a new fast-food restaurant. Earlier this month, however, Getrag announced that the entity established to build the Tipton...

Author: /time Magazine | Title: The Ripple Effect of a Potential GM Bankruptcy | 11/28/2008 | See Source »

...Those gathered were furious at what one worker, who gave his name as Mr. Shao (he declined to provide his full name), described as "the pittance they are offering us." They refused to leave the plant, and according to eyewitnesses, security guards started to get aggressive, pushing and shoving them to leave. At that point, Shao says, "things got out of control." Workers fought back against the security guards, who quickly called the local police for assistance. Then more workers joined in. Some moved into the factory's office and began breaking windows and computers. When the police showed...

Author: /time Magazine | Title: A Blue Christmas at China's North Pole | 11/28/2008 | See Source »

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