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...factory behind him and grimaces. "Everything in there is obsolete," he says of the Buick engine plant. Taylor has spent 30 years there, and at 59 he's nearing retirement. It's a good thing too, since the plant won't be running much longer. General Motors plans to shut it down in 2008, one of nine factories the company aims to close, eliminating 30,000 jobs. Taylor is surprised the plant has lasted this long. "We have to put buckets under the machines to catch the leaking oil," he says. Buick City, where he works, was once a vast...
What really scares Wall Street is the prospect of a Delphi strike. Goldman Sachs estimates that a Delphi work stoppage could shut down GM factories at a cost of $2 billion a month, causing GM to burn through its cash reserves at a deadly clip. "A strike could push them over the edge," says Steven Szakaly, an economist with the Center for Automotive Research. Unions representing Delphi workers have described the bankrupt company's latest offer--cutting wages from an average $27 an hour to $10.50 for production staff--as "insulting," and U.A.W. chief Ron Gettelfinger has described Delphi boss...
While line workers at the nine GM plants scheduled to shut down ponder their uncertain future, the mood at Honda's two assembly plants in Ohio is full of hope. The Japanese company is in expansion mode in the U.S., with the Ohio plants and a third in Alabama ramping up production. Honda is spending $123 million to replace the paint shop at the Marysville, Ohio, plant and another $89 million to expand its nearby parts-distribution center. The East Liberty plant recently launched the stylish new Honda Civic, which last week was named Motor Trend...
...suite gatherings for freshmen to relax and have fun social outlets while following certain restrictions, Dingman says. Parties would be expected to remain within a suite, follow standard rules for attendance numbers, and not disrupt the rest of the building with noise, Dingman says. Parties would also have to shut down at 2 a.m., all in accordance with party regulations across campus. But some students say that though such a policy would be an improvement, freshman parties are not Harvard’s social forte. “A lot of the freshman parties are pretty dull just because they...
...meeting Sunday night, the Undergraduate Council (UC) adopted a position paper advocating that the eight visiting freshman students from Tulane University—who came to Harvard after Hurricane Katrina forced Tulane to shut down for the semester—be allowed to apply to transfer to Harvard permanently...