Delphi delays bid to void Union pacts

Article Abstract:

Delphi Corp. is to delay bankruptcy proceedings to end its union contracts for at least one month with the help of the automotive part makers parent company General Motors Corp. Canceling the labor contracts could cause strife with the United Auto Workers Union.

Financial management, Motor vehicle parts and accessories, Personnel administration, Automobile equipment and supplies industry, Automotive parts industry, Finance, Labor relations, Delphi Corp., DPH, Company Profile, Company financing

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Ford posts net loss of $123 million

Article Abstract:

Ford Motor Co. of the United States posted 2nd quarter net loss of $123 million. The automobile giant said it had underestimated competition in the market and its own problems. Ford Motor Co. is to speed up its restructuring plan.

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Ford posts $1.19 billion loss as revenue drops nine percent

Article Abstract:

Ford Motor Co. of the United States posted a large revenue loss in the first quarter with lower sales. The automobile company is reorganizing and cutting costs, job cuts are expected to be 34,000 over the next few years.

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