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Tuesday, August 17, 2010 - 11:18 PM
There have
been ten new publications added to the Forum. The first article can be found in
UAW national, regional and local specific topics portion and comes from the
Factory Rat website. It reports that J.D. Norman appealed to members of UAW
local 23 on Tuesday to allow a vote on a proposed contract that would keep the
GM Indy stamping plant open. The appeal, issued in an advertisement in
Tuesday’s Indianapolis Star, signals that Norman is not giving up on efforts to
acquire the plant, despite the local’s refusal to bring the contract to a vote.
One new post
has been placed in the Delphi, Visteon and American Axle section. The article
is a release from the Associated Press telling that a Delaware bankruptcy judge
has told auto parts supplier Visteon Corp. that it must restore health and life
insurance benefits for thousands of retirees. This is great news for retirees
and just goes to show that there is always hope in the face of adversity.
Six new
posts have been added under the GM, Ford and Chrysler tab. The first article
comes from the Detroit News reporting that Chrysler Group LLC has started
posting photos of its 2011 Dodge Durango that is due out later this year. The
second article, also from the Detroit News, states that Ford Motor Co. and
General Motors Co. bucked an industry wide decline in consumer satisfaction,
and the automakers’ Lincoln-Mercury and Buick brands were tops with buyers. The
third article comes from the Detroit News Washington Bureau. It tells that
General Motors Co. said on Tuesday that it is recalling 243,000 crossover
vehicles over concerns their second-row safety belts could be defective. The
fourth article comes from a Free Press Business Writer. It reports that when
the Chevy Volt starts to drive into garages later this year, the chargers that
will keep the vehicle’s current flowing will not come from a company in the
electronics industry. Instead, Southfield-based automotive seat maker Lear will
be the primary supplier of the Volt’s chargers and other key parts on what is
expected to be a ground breaking vehicle. The fifth article, also from the
DNWB, tells that the South Korean ambassador to the United States will meet
with top executives at Ford and Chrysler on Wednesday during a day-long visit
to Detroit to discuss a contentious free trade agreement. Last month, U.S.
Trade Representative Ron Kirk said the government is pushing for changes to
make it easier for U.S. automakers to compete in Korea, which has been called
the most closed markets in the world for imports. This is a no-brainer; if
Korea doesn’t want us in there, we don’t want them in here. The sixth article
states that Vice President Joe Biden will travel to Toledo on Monday to visit
the Chrysler Group LLC’s Toledo Supplier Park to talk about the economy.
One new post
has been entered into the Open Discussion section of the Forum and comes from
the New York Times. The article tells that as automotive earth saviors go,
electric cars and hybrids are widely presumed to be the chosen ones. But as
carmakers and consumers seek real, affordable gains in miles-per-gallon, it
will be the 4-cylinder combustion engine that will take them there, far more
than electrics or hybrids, which are years away from selling in numbers that
would rein in the nation’s appetite for oil.
One new post
has been placed in the Opinion category and comes from the Detroit News. It
reports that in hurrying to project leadership stability in General Motors
ahead of an initial public offering filing, the automaker risks more turmoil
among the insiders who will have seen four CEOs in less than two years. Come
Sept. 1st, Ed “old coot” Whitacre will be out and Daniel “melon
head” Akerson will be in. I have always said that old coot Ed had something up
his sleeve and in a lot of his decisions during his tenure as CEO of GM have
proven that to be true. He got a lot of his old cronies, from the
telecommunication sector, positions in GM, said he would never take the CEO job
on a full-time basis, and did, and so many more decisions that benefited him,
just to name a few. Remember the passing out of stock to top executives, when
there are really none yet? For the old coot to bail just before an IPO filing
and let melon head take over means that Ed knows something that is yet to be
seen.
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