GM Attempts to Answer Suppliers’ Questions Amidst Chapter 11 Filing; Top Questions are Payment, and Who Will Work with New GM

Posted by on June 2, 2009 under Auto News | Be the First to Comment

General Motors (GM) Corp. is attempting to answer suppliers’ questions in the wake of its bankruptcy filing yesterday and the announcement that the company is seeking a 363 assets sale to a newly formed company, the New GM. The top question among suppliers seems to be about payment-and when/how payments will be made.

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GM Attempts to Answer Suppliers’ Questions Amidst Chapter 11 Filing; Top Questions are Payment, and Who Will Work with New GM

Tags: 363-assets, a-363-assets, a-newly-formed, about-payment-and, among-suppliers, answer-suppliers, automobile glass news, corp-, filing-yesterday, how-payments, its-bankruptcy, the-wake

Mercury General Q1 Operating Profit Falls; Cuts 7 Pct Jobs

Posted by on May 5, 2009 under Auto News | Be the First to Comment

Auto and home insurer Mercury General Corp. posted an 18 percent drop in first-quarter operating profit, hurt by lower net premiums earned, but beat market estimates, and said it cut 360 jobs in the quarter.

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Mercury General Q1 Operating Profit Falls; Cuts 7 Pct Jobs

Tags: 500-executive, and-home, auto glass news, Auto News, but-beat, corp-, legacy, mercury, mercury-general, operating-profit, percent-drop, said-it-cut, three-women

Oklahoma Police Launch Insurance-Monitoring Program

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About one-fourth of Oklahoma motorists don’t have auto insurance, according to state Insurance Department spokesman Marc Young.

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Oklahoma Police Launch Insurance-Monitoring Program

Tags: a-new-system, and-home, auto glass news, Auto News, corp-, insurance, mercury-general, oklahoma, operating-profit, percent-drop, said-it-cut, uninsured-drivers, young-

Success of High-Beam Assist Feature Paves Way for New Headlamp Technologies

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Gentex Corp., the leading supplier of automatic-dimming rearview mirrors to the worldwide automotive industry, announced today that it has shipped its one-millionth SmartBeam High-Beam Assist system and expanded the SmartBeam product line to include new levels of camera-based forward-lighting functionality.

Excerpt from:
Success of High-Beam Assist Feature Paves Way for New Headlamp Technologies

Tags: announced-today, corp-, event, expanded-the, expanded-the-smartbeam, h1n1, its-one-millionth, product-line, rearview-mirrors, smart, system-and, the-leading, worldwide