Word: trucks
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...tell us a little about Nissan's relationship with Chrysler? They needed a small car. We developed a small car for them on the existing platform of a Nissan. Same thing for our large pickup truck. Instead of renewing our own large pickup truck, we can use a derivative of their platform. We cut our investment by 75%. These are not small savings. These are massive savings...
...that runs from New York to Michigan. GM Canada has been hardest hit, but it has yet to reap the worst of this whirlwind. The Oshawa, Ont.-based car company, which takes its marching orders from Detroit, expects to shed another 4,000 jobs with planned closures of a truck and transmission plant. This downsizing is needed to cope with overcapacity, but it's fostering bad blood between the car maker and its union. "We felt betrayed," says Chris Buckley, president of Canadian Auto Workers local 222, whose membership at GM Canada's assembly complex on Lake Ontario includes workers...
...also returns again and again to stories of his supporters, like the woman who gave him her wedding ring on a rope line in Michigan because she could not afford to make a contribution to his campaign and the truck driver who appeared on his behalf at public rallies. "I was only carrying mail to the mailboxes," he writes. "It was the salt-of-the-earth types like my unknown angel in Michigan who actually wrote the letters...
...Then came October. Sales plummeted an astounding 45% over the same period last year, a result of a slowing economy and a dearth of financing for would-be car buyers. Total U.S. car and light-truck sales this year could come in at 13.5 million, 2.6 million fewer than last year. "That's in nobody's business plan," says Kimberly Rodriguez, an automotive specialist with Grant Thornton. "The best planning in the world cannot survive that fluctuation." It's now clear that GM can't survive as an ongoing entity without massive federal assistance. The company is burning through more...
...America's most famous military hospital, so off we went. And here is this young man. 24 years old. Very thin. His cheekbones stuck out. He was totally whacked out on morphine. And his mother explained his injury to me. He was in Sadr City, in an uncovered truck, when a bullet entered his shoulder from above. How it didn't hit a major artery, I'll never know. And now Tomas is paralyzed from the nipples down. Tomas can't walk. Tomas can't cough. Tomas throws up every morning...