NEWS
By Timothy B. Wheeler | August 6, 2009
"Cash-for-clunkers" may be a hit with consumers and a boon to the struggling auto industry, but it's no bonanza for junkyard operators, who say they're being left quite literally with the scraps of the federal economic stimulus program. While some salvage businesses are eagerly buying traded-in gas-guzzlers from auto dealers for parts and scrap metal, others are steering clear of the government program, with some complaining that it comes with more red tape than it's worth. "We just ain't getting involved in it," says Roland Reiser, manager of Glory Days Auto Salvage in Hanover.
NEWS
By Jim Puzzanghera and Ken Bensinger | March 20, 2009
WASHINGTON - Auto suppliers, struggling along with the entire industry in the face of the deep recession, will receive up to $5 billion in federal aid, the Treasury Department said yesterday. The financing is intended to give suppliers confidence that they will be paid for shipments they make to automakers, including General Motors Corp. and Chrysler, both of which are teetering near bankruptcy as federal officials review their restructuring plans. GM and Chrysler have delayed their payment schedule to vendors as their woes deepened.
NEWS
By ANDREW LECKEY | December 7, 2008
Does the recession hurt or help my shares of AutoZone Inc.? B.R., via the Internet On the one hand, the retailer of auto parts and accessories benefits from cash-strapped motorists fixing up their cars rather than purchasing new vehicles. The age and mileage of cars on the road continues to rise. On the other hand, if the economy gets bad enough, they also will defer spending on their existing vehicles. That's why the firm has begun a consumer education campaign to encourage proper vehicle maintenance.
NEWS
By NEW YORK TIMES NEWS SERVICE | November 24, 2005
DETROIT -- Robert S. Miller started off as the Oracle of Delphi, handing down dire pronouncements about the auto industry from his lofty post as chief executive of the parts supplier. But with the Delphi Corp. now in bankruptcy proceedings, Miller, known as Steve, has come charging down from the mountaintop to confront Delphi's unions in a way that Detroit has rarely seen. Miller seems to be relishing his combatant's role, at least for the attention it is bringing to the crisis facing his industry.
NEWS
By Eric Slater | August 28, 2003
CHICAGO - A man who was fired from his job at an auto parts company six months ago returned yesterday with a handgun and shot six former co-workers, killing them all, before being mortally wounded in a gunbattle with police, authorities said. Salvador Tapia, 36, who had been arrested a dozen times on weapons, assault and other charges, died after being taken to a hospital, police said. Four of his victims were pronounced dead at the scene, shot down among a maze of engine parts, crates and 55-gallon drums at Windy City Core Supply Inc. The two others died at local hospitals, officials said.
NEWS
By NEW YORK TIMES NEWS SERVICE | March 30, 2001
DETROIT - Delphi Automotive Systems Corp., the world's largest auto parts manufacturer, said yesterday that it will eliminate 11,500 jobs this year, mainly through attrition, and will close nine factories and distribution centers. Delphi, which was spun off from General Motors Corp. two years ago and has 211,000 employees worldwide, also warned that it would break even or record a small loss in the first quarter and would take an after-tax charge of up to $400 million, instead of earning a substantial profit as financial analysts had expected.
NEWS
September 11, 1998
A Hampstead man was sentenced yesterday in Carroll County Circuit Court to 18 months in jail for his role in four unrelated thefts last year.James Howe, 38, of the 1400 block of N. Main St. was sentenced to 10 years in prison with all but 18 months suspended for stealing a $30 jigsaw from Kmart in Westminster in May 1997.Judge Raymond E. Beck Sr. imposed a concurrent five-year sentence for Howe's theft of $610, which he collected in cash for auto parts he delivered to customers as a parts driver for Condon's Auto Parts in Westminster between April and June 1997.
NEWS
By Carl M. Cannon | June 29, 1995
WASHINGTON -- The United States and Japan struck a last-minute trade deal on autos and auto parts yesterday, narrowly averting President Clinton's threatened 100 percent tariff on Japanese luxury cars -- and the messy trade war that might have followed."
NEWS
By New York Times News Service | May 6, 1995
The Clinton administration appeared headed last night toward a nasty trade showdown with Japan, after three days of intense negotiations over American access to the Japanese automobile market ended in failure.The last day of talks in Vancouver, British Columbia, were finished off last night with a terse statement from U.S. Trade Rep. Mickey Kantor."The government of Japan has refused to address our most fundamental concerns in all areas," Mr. Kantor said. "Discrimination against foreign manufacturers of autos and auto parts continues."
NEWS
By New York Times News Service | April 13, 1995
WASHINGTON -- The Clinton administration, frustrated by nearly two years of fruitless negotiations with Japan over U.S. autos and auto parts, will warn Tokyo that it will move to impose several billion dollars in punitive tariffs unless major progress is made in opening Japanese markets in the next three weeks.The strategy, which has been under formulation for several weeks, was approved at the White House yesterday during a meeting of top Cabinet officers and other officials dealing with trade, senior officials said.