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Updates from May, 2010

  • The battle to assign blame for the fate of Jim Renacci's Chevrolet store may play a role in determining whether he can unseat U.S. Rep. John Boccieri (D-Ohio).
    3:42 pm on May 31, 2010
     

  • Lear Corp. wants to tweak its existing structure to make auto seats lighter but still comfortable, rather than come up with all new materials. The company is offering a seat that is 25 percent lighter than current models.
    3:24 pm on May 31, 2010
     

  • General Motors Co.'s European Opel-Vauxhall unit signed a restructuring deal today aimed at saving $325 million in annual wage costs.
    3:01 pm on May 31, 2010
     

  • Subaru's emphasis is on the relatively upscale buyer who values freedom and frugality. Subaru managers think that's a market of up to 60 million buyers — far larger than the niches of academics, tree huggers, and gays and lesbians that it's long been associated with. While much of the U.S. auto business is just beginning to emerge from retrenchment mode, sales at Subaru of Glendale are climbing every month.


    2:03 pm on May 31, 2010
     

  • Honda Motor Co. will raise workers' monthly wages after a parts factory strike shut down almost all Chinese production. The workers will receive a 24 percent pay increase to 1,910 yuan ($280 dollars) per month, Honda said.
    9:39 am on May 31, 2010
     

  • Ford Motor Co. offered to fix 236,643 Focus cars in China because of ignition problems, the automaker's largest recall in the country.
    8:01 am on May 31, 2010
     

  • Suspending all advertising for a year. Bargaining for 50 percent more air time and print space for the same advertising dollars. Cutting your salary to zero for as long as 18 months.
    1:01 am on May 31, 2010
     

  • Ford Motor Co. plans to kill the 71-year-old Mercury brand slowly by starving it of product, two sources tell Automotive News. Ford leaders plan to propose eliminating Mercury to the board of directors in July.
    1:01 am on May 31, 2010
     

  • Last year, Nissan Motor Co. changed its American organizational structure, creating a position in the United States to oversee all operations from Canada to Argentina.
    1:01 am on May 31, 2010
     

  • As Akio Toyoda climbed the ranks at the automaker his grandfather had founded, many Toyota Motor Corp. managers treated the scion with kid gloves. Not Hiromu Naruse.
    1:01 am on May 31, 2010
     

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