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- CAW boss says $1 billion federal aid package for manufacturers not significant
The president of the Canadian Auto Workers union says a $1-billion aid package to help communities and laid-off workers is ``not significant.'' Prime Minister Stephen Harper announced the national community development trust in New Brunswick today. CAW boss Buzz Hargrove says Ontario's $350-million share won't be enough to help manufacturers cope with a high dollar, record ... - Upstate auto parts plant may lay off more than half its workers
New Process Gear, a company owned by Canadian auto parts giant Magna International Inc. (TSX:MG.A), plans to lay off more than 1,650 workers at its suburban Syracuse, N.Y. plant over the next several weeks, according to union officials. More than 300 other workers were laid off Jan. two as United Auto Workers officials continue negotiating a ... - Ferrari still expecting McLaren to be its top Formula One challenger in 2008
Fernando Alonso's return to Renault won't change Formula One's pecking order, according to Ferrari drivers Kimi Raikkonen and Felipe Massa. ``Ferrari and McLaren will surely be very fast again,'' Raikkonen said Thursday at Ferrari's annual winter retreat in the Italian Dolomites. ``Some other team might be fast, but for sure the duel between McLaren and Ferrari ... - Volkswagen sets China sales record in 2007, expects more this year
Automaker Volkswagen AG said Thursday it is on track to sell more than one million cars in China this year, after it set a sales record in 2007. The Wolfsburg-based company, Europe's biggest car maker by sales, said it sold 910,491 VW, Audi and Skoda brands in China last year, up 28 per cent from ... - Toyota says annual sales rose six per cent, closing in on GM as top automaker
Toyota said Thursday that its global group sales rose six per cent last year to 9.37 million vehicles, making for a tight race against General Motors, the world's biggest automaker. GM has not released its annual sales tally but earlier estimated 2007 sales would come to 9.3 million vehicles. Toyota has marked booming sales lately ...
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