GM Axes Engineers in Latest Cuts
GM's "Black Tuesday" ended with the departure of several hundred salaried employees, most of them engineers, from the company's workforce across the country. GM says it axed fewer than 500 jobs at 30 of its outposts across the country in the latest round of cuts. The company plans to lay off seven percent of its white-collar employees this year. Last week, the company announced a major deal with the UAW to offer buyouts to more than 100,000 hourly employees at its manufacturing sites. GM also confirmed that its first-quarter market share for 2006 stood at 24 percent.
Dunne: Who's Afraid of the Chinese Wolf?
So much din comes out of
Made-in-China vehicle exports grew
121 percent to 172,639 units in 2005. Within this total, passenger cars galloped
to 31,124 units - up from 10,114 the year before. That is spectacular growth, to
be sure. But it is expansion from a small base. In fact, exports accounted for
less than three percent of
Sixty percent of exports were
light trucks produced by four Chinese state-owned companies - Dongfeng Motors,
Jiangling Motors, the Jianghuai Automotive Company, and Foton, part of the
Beijing Automotive Industry Corporation. If you have never heard of these truck
companies, it's probably because you do not live in their primary overseas
Dunne: Who's Afraid of the Chinese
Make no mistakes - the Chinese are coming on four wheels.
TCC Drives: 2007 Cadillac Escalade
Climbing into the new 2007 Cadillac Escalade, I get the feeling that I am seriously underdressed. No gold chains, no diamond stud in my ear. And my raggy jeans definitely would not pass muster on MTV.
Ever since the first 'Slade hit
the streets, back in 1999, this massive SUV has proven the product of choice
among rappers and rock stars. And if the looks we got tooling around
To be honest, I never quite understood the appeal of the original Escalade. It was a quick fix, little more than bolting a Cadillac wreath-and-crest onto a GMC Yukon Denali, and didn't really come together. The second and third-generation models were progressively better. The new version is, without question, the best yet. Though it does suffer from a few notable flaws, the 2007 Escalade is arguably the best full-size domestic ute on the market.
2007 Cadillac Escalade
Bigger, better, and blingier.
WJR Auto Report: Getting Traction at GM
I recall a sci-fi show, when I was
a kid, where an astronaut stood on the moon, half in sunlight, half in shadow,
freezing and burning at the same time. That's likely the way GM Chairman Rick
Wagoner feels these days. There's certainly been some good news for troubled
General Motors, but it's consistently offset by the bad. Retail sales are up,
for example, but overall sales - and market share - are down, again. A buyout
for workers at