Highlights
A collection of news and information related to Automotive Equipment published by Tribune Company sources.
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Repentant automakers find Congress still skeptical about multibillion-dollar aid plan
Associated Press WriterWASHINGTON (AP) — Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency — and a new dose of humility — for a $34 billion bailout. Without help, said one senator, "we'...Tags: Ben Bernanke, Chrysler LLC, Heads of State, Fred Upton, Nancy Pelosi
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Automakers try to sell Congress on rescue
The Associated PressU.S. automakers drew fresh skepticism from lawmakers today in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under consideration would fall...Tags: Ben Bernanke, Heads of State, Chrysler LLC, Opinion Research Corporation, Contracts
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Sources: Petty Enterprises in merger talks
The Associated PressPetty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned. Multiple people familiar with the talks told the AP on Thursday that the two teams were discussing a deal that would...Tags: Richard Petty, Mergers, Acquisitions and Takeovers, Vehicles, National Government, NASCAR
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Wall Street turns cautious ahead of employment report
AP Business WriterA period of relative calm on Wall Street has ended with stocks tumbling in the last hour of trading amid growing investor anxiety about the government's key November employment report. The major indexes have each fallen more than 2.5 percent, including...Tags: Chrysler LLC, Foreign Aid, Stock Activities, Financial Markets, General Motors Corp.
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World markets end lower ahead of key US jobs data despite European rate cuts
AP Business WriterLONDON (AP) — World stocks closed modestly lower Thursday, despite hefty interest rate cuts across Europe, as Wall Street retreated in the face of fresh grim corporate and economic news and Friday's November jobs report. Argentina was one of the...Tags: Dupont E I Nemours & Company, Foreign Aid, Globalization, Wages and Pensions, Money and Monetary Policy
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Q&A with General Motors CEO Rick Wagoner
Associated Press WritersAfter a six-hour hearing before the Senate Banking Committee, General Motors Corp. Chairman and CEO Rick Wagoner sat down for a short interview with The Associated Press and expressed optimism that a deal can be reached to help his company through its...Tags: Corporate Officers, Chrysler, Government, Bankruptcy, Financially Distressed Companies
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Wall Street turns cautious ahead of jobs report
Associated PressThe major stock indexes finished down at least 2.5% on Thursday after the market once again tumbled in the last hour or two of trading on the eve of the release of government's employment data for last month. Investors were concerned that today's Labor...Tags: Unemployment, Sales, Macy's, Ford Motor Co., Stock Activities
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People familiar with talks: Petty in discussions to merge with Gillett Evernham Motorsports
AP Auto Racing WriterNEW YORK (AP) — Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned. Multiple people familiar with the talks told the AP on Thursday that the two teams were...Tags: Richard Petty, Mergers, Acquisitions and Takeovers, Vehicles, National Government, NASCAR
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Solar car completes 1st ever round-the-world trip, brings green message to climate talks
Associated Press WriterPOZNAN, Poland (AP) — If a solar-powered car can drive 32,000 miles (52,000 kilometers) around the globe without using a drop of oil, perhaps it can be forgiven for not having a coffee cup holder. Or maybe that makes Swiss adventurer Louis Palmer's...Tags: Daimler AG, Trips and Vacations, Treaties, Ban Ki-moon, Vehicles
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Wall Street turns cautious ahead of Friday's employment report; Dow industrials tumble 216
AP Business WriterNEW YORK (AP) — A period of relative calm on Wall Street ended Thursday as stocks tumbled in the final hour of trading on growing investor anxiety ahead of the government's November employment report. The major indexes each slid more than 2.5...Tags: Dupont E I Nemours & Company, Chrysler LLC, Marketing, Stock Activities, New York Mercantile Exchange
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Bernanke wants foreclosure relief; economy sinks deeper as layoffs mount, retails sales tumble
AP Economics WriterWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down...Tags: Ben Bernanke, Chrysler LLC, Dupont E I Nemours & Company, Homes, Layoffs and Downsizing
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Unemployment benefit for laid-off autoworkers: nearly full pay without leaving home
AP Auto WriterNEW YORK (AP) — For more than two decades, many autoworkers who lose their jobs have been able to enjoy one of the best unemployment benefits in the nation: receiving nearly full paychecks without even leaving home. Since the 1980s, the industry'...Tags: Unemployment, Employees, Labor Legislation, Work Relations, Vehicles
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