Dodge will update the Durango SUV for the 2007 model year in anticipation of a new hybrid version coming in the 2008 model year. For this year, the
Spy Shots: '07
Chrysler Aspen by Brenda Priddy
New Durango-based ute coming in January.
Miller Says GM Is the Key
Ultimately, General Motors will provide the key to locking down a settlement between bankrupt supplier Delphi Corp. and its increasingly angry union workers, Delphi CEO Steve Miller told TheCarConnection on Wednesday.
The automaker, Miller noted, has
already booked $5.5 billion to cover the anticipated cost of a bailout. GM
recently unveiled a proposal to buy out thousands of
"We're broke," said Miller,
insisting that only GM can ante up what it will take to satisfy the UAW and
Despite the angry rhetoric flowing
from labor leaders,
Bill Ford Says No Bankruptcy
The challenge for Ford Motor Co. is to institutionalize change, said CEO Bill Ford, "without it being chaotic. We have to make (innovation) part of the decision-making process without disrupting the company." Ford had plenty more to say during an appearance on Wednesday, where he was named Industry Executive of the Year.
Tower Prepares Chapter 11 Exit
Tower Automotive Inc. has reached
an agreement with retirees on pension and healthcare issues and remains in talks
with its unions on proposed wage and benefit cuts, chief executive Kathleen
Ligocki said on Wednesday. Ligocki said the agreement was an important step
forward in the company's effort to exit bankruptcy by the end of next
Tower, a metal vehicle frames producer that filed for bankruptcy protection in February 2005, has asked a bankruptcy judge to cancel its labor agreements with its unions, including the United Steelworkers and the United Auto Workers. The judge, however, has not yet ruled on the motion.