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Last updated: 12:37:59 Friday Nov 6, 2009


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  • GM Europe chief Forster to leave company: sources
    FRANKFURT (Reuters) - The head of General Motors' (GM.UL) European business, Carl-Peter Forster, is leaving the company after the surprise decision by GM's board to block the sale of Opel, two sources close to the situation told Reuters.   Nations:Russia   People:Vladimir Putin   Activities:2009 GM Bankruptcy   Source:(Reuters)   2009-11-06

    Ford post surprise earnings, sees solid profit by 2011
    CHICAGO (AFP) - Ford Motor Co. on Monday posted surprise earnings of nearly a billion dollars in the third quarter and said it was on track to become "solidly profitable" by 2011 after years of painful losses.   People:Alan Mulally   Source:(AFP)   2009-11-02

    CIT files for Chapter 11 bankruptcy protection
    WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group has filed for Chapter 11 protection in an attempt to restructure its debt while trying to keep badly needed loans flowing to thousands of mid-sized and small businesses.   People:Carl Icahn   Activities:2009 CIT Group Crisis   Source:(AP)   2009-11-01

    Ford to close Canada plant in 2011, shed 1,400 jobs: union
    MONTREAL (AFP) - US automaker Ford Motor Co. will shutter one of its manufacturing plants in Canada in 2011, a move that will cut 1,400 jobs, the Canadian Auto Workers said Friday.   Nations:Canada   Source:(AFP)   2009-10-30

    Two more UAW sites vote down Ford concession deal
    DETROIT - Workers at two more United Auto Workers locals overwhelmingly rejected changes to their contract with Ford Motor Co. on Wednesday, casting further doubt on whether the deal will be approved.   Source:(AP)   2009-10-29

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