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AP Automotive

GM to pay up to $200M to help end American Axle strike May 8, 2008 DETROIT (AP) -- General Motors Corp. has agreed to kick in up to $200 million to help bring an end to a bitter 10-week strike at parts supplier American Axle and Manufacturing Holdings Inc....  Read Story.

Ford says it's doubling fuel-efficient 6-speed transmissions May 7, 2008 DETROIT (AP) -- Ford Motor Co. said Wednesday it plans to greatly increase the use of more fuel-efficient six-speed automatic transmissions, doubling their number by the end of next year and putting t  Read Story.

MGM Mirage profit dips as tourists pinch pennies May 6, 2008 LAS VEGAS (AP) -- The chief executive of MGM Mirage Inc. said Tuesday the casino company planned to push ahead with new projects even after construction costs and an economy that is discouraging spend  Read Story.

MGM Mirage profit dips as Americans spend less at the table May 6, 2008 LAS VEGAS (AP) -- MGM Mirage Inc. said Tuesday that first-quarter profits fell 30 percent, weighed down by resort opening costs, a casino fire and an economy that doesn't make people feel much like ga  Read Story.

Ford to offer buyouts to 1,300 workers in Illinois, Kentucky May 3, 2008 DETROIT (AP) -- Ford Motor Co. will offer buyouts to about 1,300 workers at assembly plants in Chicago and Louisville, Ky., as part of the automaker's plan to adjust capacity with demand for its vehic  Read Story.

GM loses $3.3 billion in first quarter; lowers sales outlook May 1, 2008 DETROIT (AP) -- Bowing to grim reality, General Motors Corp. followed Ford's lead and cut its U.S. sales forecast Wednesday after a tough first quarter that saw a $3.3 billion loss....  Read Story.

GM loses $3.3 billion in 1st quarter, lowers sales outlook April 30, 2008 DETROIT (AP) -- General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicle  Read Story.

GM loses $3.3 billion in 1Q, lowers sales outlook April 30, 2008 DETROIT (AP) -- General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicle  Read Story.

GM posts loss of $3.3B on weak US auto market, charges April 30, 2008 DETROIT (AP) -- General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major supplier and plummeting sales of sport utility vehicles and   Read Story.

GMAC 1Q loss widens on declining auto finance income April 29, 2008 NEW YORK (AP) -- GMAC Financial Services said Tuesday its first-quarter loss widened as its automotive finance business weakened - though results improved slightly in its struggling mortgage operation  Read Story.

Kerkorian seeks to boost Ford stake, citing solid turnaround April 28, 2008 DETROIT (AP) -- Billionaire Kirk Kerkorian plans to make an offer that would expand his stake in Ford Motor Co. to 5.6 percent, saying Monday he sees signs the automaker's turnaround plan is working..  Read Story.

Billionaire Kerkorian plans to increase stake in Ford Motor April 28, 2008 LOS ANGELES (AP) -- Billionaire Kirk Kerkorian's company says it plans to make a cash offer of $8.50 per share for up to 20 million shares of Ford Motor Co....  Read Story.

Kerkorian seeks to boost Ford stake April 28, 2008 DETROIT (AP) -- Billionaire Kirk Kerkorian is making another run at building a significant investment in a U.S.-based automotive company, announcing Monday that it plans to offer $8.50 per share in ca  Read Story.

Ford posts surprise 1Q profit, still expects full-year loss April 24, 2008 DEARBORN, Mich. (AP) -- Despite a surprise profit of $100 million for the first quarter, Ford Motor Co. said Thursday that it still expects to lose money this year as the U.S. auto market deteriorates  Read Story.

Ford swings to $100M profit in 1Q, surprises Wall Street April 24, 2008 DEARBORN, Mich. (AP) -- Ford Motor Co. surprised Wall Street on Thursday with a $100 million profit in the first quarter as strong results from Europe and South America helped offset the impact of a s  Read Story.

Ford swings to $100M profit in 1st qtr, beats Wall Street April 24, 2008 DEARBORN, Mich. (AP) -- Ford Motor Co. surprised Wall Street on Thursday with a $100 million profit in the first quarter as strong results from Europe and South America helped offset the impact of a s  Read Story.

General Motors plans first hybrid car sales in China April 19, 2008 BEIJING (AP) -- General Motors Corp. will sell its first gas-electric hybrid cars in China in July, introducing a model created in part by GM's Shanghai design center, the company said Saturday....  Read Story.

Ford to build 30 pct more of its Focus small cars this year April 15, 2008 DEARBORN, Mich. (AP) -- Ford Motor Co. says it will increase production of its Focus small car by 30 percent this year to meet higher demand....  Read Story.

MGM Mirage Fires 400 Managers April 15, 2008 LAS VEGAS (AP) -- MGM Mirage Inc., the largest casino operator on the Las Vegas Strip, told more than 400 middle management employees Monday they would be terminated immediately in a cost-saving move,  Read Story.

Reports: UK Lender Mulls Selling Shares April 13, 2008 LONDON (AP) -- Major British mortgage lender Bradford & Bingley PLC was considering selling shares to raise cash as it tries to weather a punishing credit market, newspapers reported Sunday....  Read Story.

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