Ailing auto parts maker Visteon Corp. has agreed to shore up one of its pension plans under an agreement announced Monday with the federal pension protection agency.
Automotive supplier Visteon Corp. said Friday it will shift more than 2,000 workers to a four-day week and cut their pay by 20 percent as tight credit and collapsing sales cause huge industry losses.
A number of small companies are angling for a piece of a $25 billion auto industry loan program, set up by the Department of Energy to quicken the development of fuel-efficient cars.
You see what's happening today? Drifting lower, on no volume, with no one particularly caring? The worry is that this could like a lot like the first part of next year, when days of heavy volume (thanks to post-Madoff redemptions) are punctuated by days where little buying and selling occurs... Read More
The awful payroll numbers on Friday finally seems to have galvanized Washington and the rest of the world--stimulus fever is now global, with additional packages in India and discussions of more in China and France... Read More