In a bid to reduce its numbers of skilled workers, General Motors is reportedly offering skilled-trades workers a $60,000 buyout to leave the automaker’s payroll by March.
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Now that General Motors is on better financial footing and the automaker’s initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.
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Ford plans to invest $600 million in a Kentucky plant to build the next-generation Escape SUV, creating an 1,800 additional jobs, the automaker said Thursday. The new jobs will be added incrementally after the Louisville Assemb…
Temporary workers at a Hyundai Motor manufacturing plant in South Korea reportedly have agreed to end a near-monthlong strike that was inhibiting domestic production of subcompact cars, such as the Hyundai Accent.
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BMW saw its sales jump 20% in November, driven by growth in Germany, China and the U.S. The German automaker sold more cars than the Mercedes-Benz or Audi brands. Its sales growth for the year so far also is outpacing that of i…