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Hummer gets reprieve, search for buyer extended to May 1 The New York Autos Examiner Share     Two days after it announced its intentions to dismantle the Hummer brand, General Motors has made a U-turn and decided to continue its search for a buyer. Automotive News reported that GM will extend agreements with its 153 Hummer dealers until May 1 and continue it search for a company that will continue to build the sport-utility vehicles with the military bearing. "We're going to do everything in our power to bring this home in the next couple of months," Hummer CEO Jim Taylor told the publication. He disclosed that there are several parties interested in purchasing Hummer. More
United Airlines to add 25 Dreamliners to fleet Travel Blackboard Share
United Airlines has just confirmed that 25 new Dreamliners will be added to its fleet in a new deal estimated to be worth around US$4.2 billion at average list prices. In a joint statement United Airlines and Boeing says the new order for 25 Boeing 787-800 aircraft also include options for a further 50, and signals the first United order for new aircraft in 11 years. More Push continues for U.S. depreciation bill Aviation Week Share
Reps. Todd Tiahrt. R-Kan., and Chris Carney ,D-Pa., hoping to jump start their bill to extend the aircraft bonus depreciation incentive, appealed to House Ways and Means Committee leaders for support. Accelerated - or "bonus" - depreciation for aircraft and other equipment purchases had expired at the end of December. More Steel company wants Bismarck plant this year The Associated Press via KXNet Share
A steel company is hoping to build a Bismarck factory this year to manufacture towers for wind turbines. Schuff Steel Co. of Phoenix has qualified for $7.1 million in federal tax credits for the project. Dennis Randall is executive vice president of Schuff's Midwest division. He says the company still has to get other financing for the project and needs to obtain orders to build wind towers. More
Hope amid carnage of suppliers The Detroit Free Press Share
Glimmers of hope are flickering amid the carnage of auto-parts suppliers. One example: A new corporate entity called Grede Holdings, forged earlier this month from the combination of two iron foundry companies that recently went through three Chapter 11 bankruptcies between them. More Treasury Department plans gradual sell-off of GMAC stake The Detroit News Share
The Treasury Department plans to exit GMAC by slowly selling off its majority stake in the Detroit finance company - but not likely until 2011. "As with GM, Treasury will likely exit its investment in GMAC through a gradual sale of shares following a public offering," the department's top auto adviser, Ron Bloom, and chief restructuring officer, Jim Millstein, said in written testimony. More Mill Steel Co. acquires assets of Coated Steel Corp. Mill Steel Co. via PR-USA.net Share
Mill Steel Co., one of the nation's largest distributors of flat-rolled carbon steel, has expanded its product breadth and geographic presence with the acquisition of certain assets of Coated Steel Corp., a Birmingham, Ala.-based supplier of acrylic and pre-painted galvalume and galvanized flat-rolled steel. Terms of the deal, which closed on Feb. 18, 2010, were not disclosed. More Wind farm careers looking up The Calgary Herald Share
There's nowhere to go but up for the athletic young men and women who keep the 40-meter blades churning on Alberta, Canada's fastest growing energy sector: the wind farm. "The view from the office is terrific," says wind technician Damon Sieben, 32, who tends a fast-growing crop of wind turbines for Danish manufacturer Vestas's southern Alberta base in Pincher Creek. More |
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