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Industry Headlines
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GM Offers to Settle Strike
DETROIT—General Motors Corp. is offering $200 million to help resolve the ongoing United Auto Workers strike at American Axle. MORE
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Yet More Delays for A380
TOULOUSE, France—The Airbus consortium is once more pushing back the delivery schedule for its A380 jumbo jet. MORE
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Motorists Unloading Gas Guzzlers
BOSTON—In the words of George Hoffer, an economics professor at Virginia Commonwealth University, “The SUV craze was a bubble and now it is bursting…. It's an irrational vehicle. It'll never come back." MORE
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Airbus Facing Strike Threat
TOULOUSE, France—As if Airbus didn’t have enough problems already, workers in France are threatening to strike over its current restructuring plan. MORE
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More Buyouts at Ford
DEARBORN, MI—Ford Motor Co. will offer buyouts to about 1,300 workers at two assembly plants in Chicago and Louisville, KY. MORE
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Ford Focus Setting the Pace
DEARBORN, MI—Although overall sales for April were down, the numbers for Ford Motor Co.’s fuel efficient Focus model bode well for the future. MORE
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Motorists Shifting Back to Cars
DETROIT—Passenger cars outsold light trucks last month for the first time in at least two decades as soaring gasoline prices sent consumers scrambling to more fuel-efficient vehicles. MORE
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Are American Axle Strikers Being Realistic?
DETROIT—Two months into their bitter strike, UAW employees at American Axle can't avoid the fact that high-quality manufacturing is increasingly being done more cheaply in places like Mexico and India. MORE
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Ford Rail Contractor Slashing Wages
LOUISVILLE, KY—Dozens of Teamsters are protesting the loss of $22 per hour jobs loading Ford Motor Co. Super Duty trucks and Explorers for rail shipment out of Louisville. A new contractor is hiring at rates of $10 to $12 an hour for the same work. MORE
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GM in Trouble?
DETROIT—General Motors Corp. lost $3.3 billion in the first quarter of 2008, in large part because of plunging demand for its products. MORE
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Airbus Reviewing A380 Program
TOULOUSE, France—The aircraft manufacturer Airbus is performing a comprehensive review of its troubled A380 program, but insists no additional delays are in the offing. MORE
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China Investigating ‘Slavery’ Allegations
SHANGHAI, China—The Chinese government is investigating whether hundreds or perhaps thousands of children from poor areas in the southwest part of the country were sold to work as slave laborers in booming coastal factory cities. MORE
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Dreamliner Moves to Test Rig
EVERETT, WA—Boeing has transferred its first 787 Dreamliner to an on-site test rig to begin performing a series of structural tests on the airplane’s cutting-edge composite airframe. MORE
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GM Cutting SUV Production
DETROIT—General Motors Corp. says the nation's economic woes, not the strike at key supplier American Axle & Manufacturing Inc., have forced it to cut production of full-size pickups and SUVs by 143,000 units. MORE
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3M to Build Singapore Plant
MINNEAPOLIS—3M Co. is building a $200 million film-coatings plant in Singapore to eliminate up to $1 billion in freight, supply and tax costs from its overseas operations. MORE
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The Boss Still Isn’t Listening
TORONTO—Uunwillingness to hear bad news is not a new flaw, or a strictly corporate one. Stalin's refusal to heed reports of German troops massing at the border before the 1941 invasion of Russia is one example in which the boss literally shot the messenger. MORE
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Dana CEO Discusses New Role
TOLEDO—The new head of Dana Corp. will employ the lessons he learned at Toyota to help bring the Ohio-based auto supplier back to profitability. MORE
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Wind Tower Firm Expanding
MILWAUKEE—Manitowoc-based Tower Tech has inked a deal to supply wind towers to a subsidiary of the Spanish company Gamesa, a leading player in the global wind industry. MORE
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Will Ford Follow Boeing?
DEARBORN, MI—Ford Motor Co. CEO Alan Mulally may be pulling a repeat: Turning around the No. 2 U.S. automaker the same way he helped revive Boeing Co. MORE
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