Denso cuts earnings forecasts as Toyota suffers
Wednesday, July 30th, 2008Denso Corp.
Archive for July, 2008
Nissan offers buyouts to Tenn. workers
Wednesday, July 30th, 2008Nissan North America Inc. will offer voluntary buyouts to workers at its two Tennessee factories to counter slow sales of full-sized pickups and SUVs.
CEO: Karmann in talks with carmakers over new assembly contracts
Wednesday, July 30th, 2008German automotive supplier Karmann is in preliminary talks with several carmakers over new assembly contracts to replace its expiring Daimler Mercedes CLK convertible contract, CEO Peter Harbig said.
Schaeffler launches hostile bid for Continental
Wednesday, July 30th, 2008German ball-bearing firm Schaeffler launched a hostile $18 billion bid for German car parts group Continental on Wednesday after failing to get management's blessing for a deal.
GM to continue leasing in August with ‘adjustments’
Wednesday, July 30th, 2008General Motors plans to continue offering leases next month but will make certain adjustments and exceptions, GM sales chief Mark LaNeve said in a letter sent to dealers Tuesday, July 29.