Signs show GM prepping for Delphi bailout March 31, 2006
General Motors says it will continue negotiations with Delphi Corp., its largest supplier, and the UAW. While GM stops short of saying it will bail out Delphi by helping subsidize UAW wages, industry observers say that is what GM will have do. Read more
Delphi moves to tear up union contracts
Delphi Corp., in a move expected for several months, said on Friday it would ask a U.S. Bankruptcy Court judge to void its union contracts and identified which businesses it wants to keep open in North America after it restructures. Read more
GMAC sale under threat March 30, 2006
General Motors, the troubled US car manufacturer, has admitted that it may not be able to sell a controlling share in finance arm GMAC after filing its annual regulatory report. Read more
Honeywell sells crash test dummies business
US manufacturing and technology firm, Honeywell, has confirmed that HgCapital, the European sector-focused private equity investor, is to buy its crash test dummies business, First Technology Safety & Analysis, for GBP50 million. Read more
Hella to recruit 50 new engineers in US
Hella, the German automotive supplier, is looking to hire 50 new lighting and electronics engineers in its US plant before the end of the year. Read more
Automakers Use New Technology to Beef Up Muscle, Not Mileage
For two decades, automakers have been concentrating on making vehicles bigger and faster instead of improving efficiency. Read more
EU, U.S. seek meeting on China tariffs on auto parts
The European Union has asked the World Trade Organization for a consultation with China regarding a Chinese auto parts tariff that European automakers say violates the rule against local content requirements. Read more
Unions Reject Delphi Wage Proposal March 29, 2006
Unions representing nearly all hourly workers at the Delphi Corporation rejected the company’s latest proposed wage and benefit cuts. Read more
U.S. Said Ready to Tighten Its Mileage Rules for Trucks
The Transportation Department will announce a fuel economy standard that will differ in how it categorizes vehicles. Read more
G.M. Will Also Restate Results for Its Finance Unit
General Motors said that it would restate several years worth of results for its financing arm, the General Motors Acceptance Corporation. Read more
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