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Recommendations also included directives on improving wage and benefit structures, and developing competitive fuel efficient cars for the future. In March 2009, the Task Force recommended up to $5 billion in support for automotive industry suppliers, [ 5 ] and by late May 2009, following the recommendations of the Task Force, the U.S ...
US automobile manufacturing, 1993–2021. At the time, the Big Three employees, parts-supplier employees and car-dealer employees totaled approximately 1.6 million. [18] All auto-related industries and after-market service businesses employed approximately 3.1 million people in the United States.
Nissan, another leading Japanese car manufacturer, announced that it also would be slashing production and will reduce its output by 80,000 vehicles in the first few months of 2009. [18] In December 2008, Suzuki, Japan's fourth biggest car manufacturer, announced that it will cut production in Japan by about 30,000 units due to falling demand ...
For a brief spell on Monday, one of the most watched metrics for crude oil prices went negative. Oil producers were literally willing to pay people almost $40 a barrel at one point to take their ...
GM, however, requested Spyker Cars to acquire Saab from MLC a few weeks later. But however, MLC announced it would close Saab on December 19, 2009, although this plan was later reversed. Motors Liquidation Company had until January 7, 2010, for the deadline of the revised bid.
The term Malaise era refers to a period in the U.S. automotive industry from roughly the early 1970s through the early to mid 1980s, characterized by malaise: poor products and a generalized industry unease [1] — an era of profound adjustment as the U.S. automotive industry adapted to meet wholly new demands for more fuel-efficient, safe and environmentally responsible products.
Modern car paint is typically made from acrylic-polyurethane hybrid dispersions, which are a combination of two different plastics. [10] They were developed during the 1970's and 80's as a water-soluble replacement for enamel paints , following health concerns over their high VOC content.
The Motor Vehicle Owners' Right to Repair Act, sometimes also referred to as Right to Repair, is a name for several related proposed bills in the United States Congress and several state legislatures which would require automobile manufacturers to provide the same information to independent repair shops as they do for dealer shops.