U.S. auto panel chief says GM, Chrysler may need even more money: The co-leader of the U.S. auto task force said General Motors and Chrysler may need "considerably'' more than the $21.6 billion they're seeking to stay afloat. Source: Automotive News.
GM to cut prices to lure back US buyers: General Motors is preparing a fresh barrage of discounts and other promotions to coax Americans into buying more cars after an upcoming US government decision on further financial aid to the Detroit motor industry. Source: GM.
Ford's Mulally gets option to buy 5 million shares: Ford Motor Co. awarded CEO Alan Mulally stock options for 5 million shares last week. Source: Ford.
GM plant to hire Delphi workers: General Motors' Chevrolet Traverse plant in Spring Hill, Tenn., has taken in 68 workers from a Delphi Corp. steering parts plant in Athens, Ala., and will hire up to 160 more in the coming weeks. Source: GM.
Chrysler sees itself a safer bet that GM: Chrysler's finance chief says his company is better equipped to survive the recession than General Motors and a safer bet for U.S. taxpayers who are keeping both automakers afloat. Source: Chrysler.
Work Truck Show® 2009 Attendance Grows 18.5%: 8,400 work truck industry professionals attended The Work Truck Show® 2009 and 45th Annual National Truck Equipment Association (NTEA) Convention at the McCormick Place West Building in Chicago, IL, March 3-6.
Creative challenge: Remember in the good old days when you purchased gas for your car and received a drinking glass or a dinner plate? This week's creative idea is from Timm Lovaas of Brown & Bigelow. It's a fact that people are eating and entertaining at home much more often these days. B&B offers closeouts on cookware and dinnerware with prices ranging from under $10 to $30. It's a terrific way to attract people into the showroom to buy, test drive, or as an incentive for a referral. 800-628-1755 or timm@brownandbigelow.com. How creative are you? E-mail me! pr@terrykohl.com
Project "Overcoming Challenges" good news story: It appears that the weakening economy has opened a door for me. I have been shut out of places that accept waste tires from registered haulers in Southern California due to my inability to generate sufficient quantities. For the past 15 years, primarily two large suppliers have contracted to be exclusive suppliers to these firms. In a twist of fate those suppliers have been unable to supply enough waste tires to fill the needs of the user near me. I just happened to inquire at the right time and was offered a very small window through which I will be allowed to take selected sizes of tires for disposal at no cost. This allows me to reestablish a viable business model resulting in buying a limited amount of equipment and hiring at least one full time employee. Submitted by Carl E. Atkinson, Jr. - Wheels Etc aka: Waste Tire Management
Project 'Overcoming Challenges' in process: Keep them coming! Terry Kohl seeks motivating and empowering stories on challenges business/individuals are overcoming in our industry despite, or because of, the economy. Stories will be promoted and posted on www.terrykohl.com for the purpose of supporting one another. E-mail pr@terrykohl.com
Week's quote: Nothing will ever be attempted if all possible objections must be first overcome. - Samuel Johnson
This Trucking Times Update is compiled and written by Terry Kohl and Dave Herrmeyer
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