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4.99 million jobless workers in US

19, Feb 2009

That’s 4.99 million Americans without a job, so says Bloomberg.com. According to the news report this was the record of the unemployed as of last week. This data breaks a record for the fourth straight time and this only means that the job market is deteriorating. General Motors and Chrysler LLC added to the numbers [...]

GM to cut 47,000 jobs this year

18, Feb 2009

General Motors is set to cut 47,000 jobs and plans to seek up to $30 billion aid and this move by GM is just another testament to how bad the future of General Motors look. It is also part of the plan of General Motors to idle five more US factories. All these moves are [...]

Ford Fusion as new alternative

15, Feb 2009

We all know Toyota Prius- it’s the car that we usually associate with the words fuel-efficient and green vehicle. Well based on the latest Yahoo write-up, it seems that Toyoya Prius has some company and a better one at that. Enter Ford Fusion hybrid. According to USA Today, the 2010 Ford Fusion is the best [...]

Nissan to cut 20,000 jobs

9, Feb 2009

The latest on Nissan is that the company plans to slash 20,000 jobs for next year. Now this is troubling for the industry. Those jobs that will be lost will definitely hurt. This number is around 8.5 percent of Nissan’s global workforce. This news article mentioned that the loss that will be reported by Nissan [...]

Losses in billion$

9, Feb 2009

According to some reports, Nissan may forecast a loss to as much as 1 billion USD. Based on the report, the announcement of that loss may happen this Monday when Nissan announces the third quarter earnings. The figures will reflect the slump that is happening in auto sales right now and this is also a [...]

Hitachi’s turn; Company to cut 7,000 jobs

30, Jan 2009

Reports have it that Hitachi is set to cut 7,000 jobs and will forecast up to $7.7 billion in loss. The job cuts will be part of the company’s global re-structuring plan. The announcement about their dim forecast about possible loss was made Friday and the loss will cover the year that ends March 31. [...]

Japan is home to the world’s largest carmaker

22, Jan 2009

General Motors is now ranked number 2, and the number one carmaker is located in Japan. This came after General Motors fell by 11 percent. This is the year that General Motors celebrated its 100th year in the business. This does not mean that Toyota has no problems, sales for the company fell too and [...]

Steve Jobs, Apple CEO take medical leave

15, Jan 2009

The Apple chief executive, Steve Jobs has announced that he is taking a medical leave until June. The move by the company CEO confirms some of the loose talks that all is not well in the company or at least something is wrong on the health of their CEO. Steve Jobs is a cancer survivor [...]

Chic Lincoln C concept

13, Jan 2009

One concept car that was unveiled at the Detroit Auto Show is the Lincoln C. This new concept car from Ford Motor Company is a fuel-efficient ride made possible by the innovative power train. The Lincoln C is a four cylinder vehicle and powered by the 1.6 liter EcoBoost partnered with the company’s dry dual-clutch [...]

Detroit Auto Show starts without the usual glitz

11, Jan 2009

And that’s according to news reports describing the preparation for the Detriot Auto Show. There are some noticeable absences for this year’s auto show in Detroit and this year’s show is dampened by the economic issues troubling the industry and the ill conditions of General Motors and Chrysler LLC which are under  government life support. [...]


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