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  • GM Mulls Thousands of Job Cuts, Sale of Brands: WSJ Monday, 7 Jul 2008 | 1:41 AM ET
    GM logo, General Motors logo

    No. 1 U.S. automaker General Motors is planning to cut thousands of white-collar jobs and is considering whether it should sell or stop production of more of its brands, The Wall Street Journal said, citing people familiar with the matter.

  • GM Sales Fall Less Than Expected, Topping Toyota Tuesday, 1 Jul 2008 | 3:35 PM ET
    A Chevrolet dealership in Loveland, Colorado.

    General Motors surprised investors with a sales decline that was much less steep than expected, and the company's shares skyrocketed higher.

  • Shares of General Motors tumbled to a 54-year low while smaller rival Ford Motor hares fell as much as 10 percent on Monday on concerns record oil prices would further hit U.S. demand for vehicles.

  • GM, Ford Shares Decline Ahead of June Sales Report Monday, 30 Jun 2008 | 1:59 PM ET
    Woman looks at new Toyota Camry on dealer lot

    Shares of General Motors tumbled to a 54-year low while smaller rival Ford Motor hares fell as much as 10 percent on Monday on concerns record oil prices would further hit U.S. demand for vehicles.

  • CSX Railroad

    CSX pulled a fast one by moving slowly at its annual meeting. The nation's third largest freight railroad dragging it out for more than four hours on Wednesday. Four hours that included a long-winded presentation about the company's recovery efforts post-Katrina...

  • Ford's Volvo Lays Off 2,000 Workers Wednesday, 25 Jun 2008 | 8:07 AM ET

    Ford-owned Volvo said Wednesday it had given layoff notices to 1,200 workers in Sweden following a $151 million first-quarter loss on declining U.S. sales.

  • GM to Cut Truck Output, May Sell Hummer Tuesday, 24 Jun 2008 | 5:32 AM ET
    General Motors

    General Motors initiated a series of steps on Monday from cutting production of trucks to offering aggressive incentives to combat the drop in demand for large vehicles amid record-high gas prices.

  • United Airlines Parent to Lay off 950 Pilots Monday, 23 Jun 2008 | 4:40 PM ET
    United Airlines

    UAL, parent of United Airlines, said Monday it plans to lay off 950 pilots as it prepares to cut domestic capacity to offset soaring fuel prices.

  • Automaker Shares Fall as S&P Warns May Cut Ratings Friday, 20 Jun 2008 | 3:48 PM ET

    In another blow to beleaguered U.S. automakers, Standard & Poor's on Friday said it may cut its ratings on Ford Motor, General Motors and Chrysler, citing financial damage resulting from high gasoline prices.

  • Ford Slashes Forecast, Cuts Production by 25% Friday, 20 Jun 2008 | 11:34 AM ET
    Ford

    Ford Motor on Friday said it's going to have trouble breaking even by 2009 and slashed third-quarter production by 25 percent.

  • Transports Keep On Truckin'... Thursday, 19 Jun 2008 | 6:16 PM ET

    From rails to truckers, the transports are driving back toward a record high. Should you jump on the bandwagon?

  • Kerkorian Boosts Ford Stake to 6.49% Thursday, 19 Jun 2008 | 7:54 AM ET
    Ford

    Billionaire investor Kirk Kerkorian's Tracinda reports it has increased its ownership stake in Ford Motor Co. to 6.49 percent from 5.5 percent.

  • FedEx Posts Loss, Gives Weak 2009 Forecast Wednesday, 18 Jun 2008 | 11:05 AM ET
    FedEx

    Package delivery company FedEx Wednesday forecast a weak fiscal 2009 after posting a quarterly loss it blamed on rising fuel prices, an ailing U.S. economy and a previously announced write-down.

  • Shippers Don't See China's Boom Ending Soon Wednesday, 18 Jun 2008 | 10:33 AM ET

    The soaring demand for oil and steel in the developing world, particularly in China, is a huge plus for the world's ocean-shipping industry, according to executives of shipping companies Genco and Teekay.

  • FedEx Earnings Preview: All About Oil and the Economy Tuesday, 17 Jun 2008 | 2:03 PM ET
    Paul Jespersen Chavez maneuvers his cart as he makes deliveries along his route in Portland, Ore.

    High fuel prices and a lackluster economy aren't making life easy for FedEx, but that doesn't mean the shipping giant can't make money.

  • Ford Truck Plants Going Into Car-Building Business Wednesday, 11 Jun 2008 | 1:18 PM ET
    Ford announced today that it is cutting production by 21% resulting in downtime at the assembly plant in St. Thomas Ontario on Friday Aug. 18, 2006. Ford Motor Co. announces sharp cuts in its North American production that would force it to partially shut down plants in the U.S. and Canada in the fourth quarter. (AP Photo/Canadian Press, Geoff Robins)

    Ford Motor is assembling a plan to retool its North American truck plants to build cars in a bid to keep up with changing consumer demand in the United States, the Detroit News reported Wednesday.

  • Chrysler Boss: Cerberus Not Second-Guessing Deal Wednesday, 11 Jun 2008 | 4:14 AM ET

    Chrysler Chief Executive Robert Nardelli said Tuesday that the private equity buyers of auto maker Chrysler weren't second guessing their decision to buy Chrysler, and that the business was ahead of target.

  • The airline industry will lose $2.3 billion this year because of hikes in oil prices, the world airlines group said Monday, revising its earlier forecast of a collective industry profit.

  • Energy Outrage: Mass Transit Mess Friday, 30 May 2008 | 6:33 PM ET

    What's the capitalist solution to our mass transit mess and how do you trade it?

  • Automakers Expected to Post Big Sales Drop for May Friday, 30 May 2008 | 4:42 PM ET
    Woman looks at new Toyota Camry on dealer lot

    Major automakers are expected to post steep declines in U.S. sales for May, as the spike in gasoline prices battered an industry already reeling from weak consumer confidence and tighter credit.

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