Cash for clunkers requires dealers to destroy the older engines.
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Delphi lenders win ownership in bankruptcy auction by foregiving debt. GM and Chrysler slow downs have hurt auto parts makers. NHTSA service bulletin on the A6 Avant trunk lid software. Visteon is getting closer to securing financing from the automotive manufacturers. Toyota launches 7th hybrid, the HS 250h. J.L. French Automotive Castings files Chapter 11 bankruptsy. Visteon Corp (VSTN) requests $30 million to pay bonuses to key employees. GM plant shutdowns are taking a toll on parts suppliers. Eight major auto parts companies have gone into bankruptcy since 2005. |
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