Daimler AG said Tuesday it took its first quarterly loss in nearly two years on declining sales, Bloomberg reported.
February 17, 2009Business
Sirius XM Avoids Bankruptcy
Sirius XM Radio avoided bankruptcy thanks to a $530 million loan from Liberty Media Corp., the Associated Press reported Tuesday.
February 17, 2009Business
Wal-Mart’s 4Q Earnings Decline
Retailer Wal-Mart Stores said Tuesday its fiscal fourth-quarter earnings fell 7.4%, while its full-year 2008 earnings rose 5.1%.
February 17, 2009Business
GM, Chrysler Face Restructuring Deadline
General Motors Corp. and Chrysler LLC are unlikely to complete deals with debt holders and union workers by a government-imposed deadline on Tuesday, the Associated Press reported.
February 17, 2009Letters to the EditorBusinessSafety
Letters: Truck vs. Car Speed, °®¶¹´«Ã½ Run, Removing Snow, 10% Pay Cut
Regarding different speed limits for cars and large trucks, arguments with this one go on and on.
February 17, 2009BusinessLogisticsFuelTechnologyEquipmentSafety
National Retail Systems Deploys Clean Trucks to Calif. Ports
National Retail Systems has deployed 115 trucks to comply with the Clean Truck Program requirements set forth by the ports of Los Angeles and Long Beach, the company said Tuesday.
February 17, 2009GovernmentBusinessSafetyFuel
Hearing to Come on Calif. Emissions Waiver
The Environmental Protection Agency will hold a public hearing March 5 on a 2007 decision to deny California a waiver allowing the state to implement its own greenhouse gas emission standards for automobiles and light trucks.
February 17, 2009BusinessGovernment
New York Factory Index Drops to Record Low
Manufacturing growth in New York state contracted this month at the fastest pace on record, the Federal Reserve Bank of New York said Tuesday.
February 17, 2009GovernmentBusinessSafetyFuel
Test Drive Helps Kenworth Refine Its New Truck, Trailer Designs
RENTON, Wash. — In the struggle to squeeze a few more miles out of each tank of fuel, truck makers are designing tractors with the aid of computer models and wind tunnels more generally used to tweak race cars or airplanes.
February 16, 2009BusinessGovernment
Supplier Groups Explore Aid to Sustain Vehicle Production
The Motor & Equipment Manufacturers Association and Original Equipment Suppliers Associations are discussing the plight of the automobile industry with President Obama’s administration, the Treasury Department and members of Congress as the federal government advances plans to disburse funds from emergency financial relief legislation approved last year.
February 16, 2009