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The Detroit News Share     House and Senate leaders finalized language that gives more than 2,000 General Motors and Chrysler dealers a process to fight their closings. Leaders expect to vote on the measure, which provides broad grounds for challenging the closures, as part of a spending bill as early as Thursday. The measure was brokered by House Majority Leader Steny Hoyer, D-Md., and Sen. Dick Durbin, D-Ill. More
Obama names NHTSA nominee Transport Topics Share
The White House has nominated David Strickland, a congressional aide, to head the National Highway Traffic Safety Administration, the Associated Press reported. President Obama nominated Strickland, who is senior counsel to the Senate Commerce, Science and Transportation Committee, to be the agency’s new administrator, AP said. More GMAC could benefit from bailout extension The Detroit News Share
The Obama administration's decision to extend the life of the $700 billion Wall Street and auto bailout fund until October means auto finance company GMAC has more time to negotiate for additional aid. Detroit-based GMAC Inc. has received $13.5 billion in government support and has been in talks with the White House about an additional infusion of up to $5.6 billion. More DOT freight transport index drops 10.5 percent in October Transport Topics Share
The Department of Transportation's freight transportation services index fell 10.5 percent in October from a year earlier, the largest such decline in the 20 years in which it has been calculated. More New jobless claims rise more than expected to 474K Yahoo! News Share
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks. Despite the increase, claims have fallen steadily since this summer, a sign that job cuts are slowing and hiring could pick up as soon as early next year amid a broad economic recovery. More Chrysler has big plans for Ram trucks The Detroit News Share
Chrysler Group LLC wants to make its new Ram truck brand as big, bold and profitable as the full-size pickups that are its cornerstone, and plans to do it by expanding into commercial vans and potentially big rigs. Building on the success of Chrysler's truck division is part of the Auburn Hills automaker's five-year plan to return to profitability by 2011. The plan includes putting more emphasis on individual brands and incorporating products from Italian partner Fiat SpA. More Business leaders more optimistic on sales than jobs Transport Topics Share
Two recent surveys have shown that chief executive officers, supply managers and small business leaders are optimistic that sales will increase next year, but they do not predict hiring to increase, Bloomberg reported. More Navistar buys concrete mixer company Transport Topics Share
Navistar International Corp. said that it has acquired Continental Manufacturing Co., a manufacturer of concrete mixer trucks. Continental makes rear discharge concrete mixers and sells replacement parts for mixers, Navistar said in a statement. More |
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