U.S. Firms Losing Health Care Battle, GM Chairman Says
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American manufacturers are losing their ability to compete in the global marketplace in large measure because of the crushing burden of health care costs, General Motors Corp. chairman and chief executive G. Richard Wagoner Jr. said yesterday as he called on corporate and government leaders to find "some serious medicine" for the nation's ailing health system.
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General Motors Corp.  Chief  Executive Rick Wagoner said he does not expect a consolidation  in the U.S. auto industry in the near term despite the intense  pressures from fierce competition and excess production  capacity, The Wall Street Journal reported.
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DETROIT -- General Motors Corp. said Thursday its January U.S. auto sales dropped 16.6 percent and Ford Motor Co. saw its sales drop 19 percent, with both citing lower sales to rental-car companies.
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Negotiations between General Motors Corp  and its major union ran through a fifth day of overtime on Wednesday, with the automaker suggesting a trust fund that would take over nearly $5 billion in annual health-care costs, according to a person familiar with the proposal.
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California may be losing its chance to set the U.S. agenda for providing health care to millions of uninsured as lawmakers on Friday said a bill supported by Gov. Arnold Schwarzenegger to do just that is on its deathbed.
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DaimlerChrysler DCXGn.DE still   hopes to win cost-saving concessions on healthcare from its   unionized U.S. workforce despite resistance from the United   Auto Workers union, its U.S. arm Chrysler said on Friday.
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General Motors Corp. , the world's biggest automaker, will keep shrinking its U.S. work force this year, offering buyout packages to more salaried employees to offset rising costs, executives said on Monday.
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General Motors Corp  on Tuesday  posted a quarterly loss reflecting a slump in its North  American market and losses at former finance subsidiary GMAC.
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DETROIT - The strike at General Motors Corp. will cause US production losses of 760 vehicles per hour and could shut the automaker's facilities in Canada and Mexico within three days, a leading industry analyst said yesterday.
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General Motors Corp.  on Tuesday posted a 6 percent drop in U.S. vehicle sales for December, ending a year when it lost more than 1 percentage point of U.S. market share.
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The negotiations with GM were all about health care, but the union suddenly decided to strike over job security. Why?
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General Motors said Thursday that its earnings would fall this year because of rising health care costs and slowing profits at its financing division.
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Rising energy and employee health-care   costs, as well as high taxes, caused U.S. manufacturers to fall   further behind their foreign rivals in terms of economic   competitiveness, according to a study released on Wednesday.
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General Motors Corp. GM.N, the  world's biggest automaker, will keep shrinking its U.S. work  force this year, offering buyout packages to more salaried  employees to offset rising costs, executives said on Monday.
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General Motors Corp  and Ford Motor Co  are likely to establish a trust fund for health care costs that would be administered by the United Auto Workers union, JP Morgan analyst Himanshu Patel said on Monday.
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General Motors Corp. GM.N Chief  Executive Rick Wagoner said on Friday the automaker's U.S.  sales would fail to match last December's strong levels.
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General Motors Corp.&#39;s   priorities for this year include concluding a deal to  allow its former parts subsidiary Delphi Corp  to  emerge from bankruptcy and cutting its own health care costs,  the automaker&#39;s chief executive said on Tuesday.