GM Offers $200 Million to Help End American Axle Strike; Also Buys its Detroit Headquarters by Liz Opsitnik
GM is in the news twice today and both reasons have to do with money.
On Thursday, GM said it will pay up to $200 million to help end the 10-week-old strike at American Axle & Manufacturing Inc. GM wants to help the Detroit-based parts supplier pay for employee buyouts, early retirements and incentives to tempt [...] .. Read More!

MSNBC Announces Consumer Reports Top Cars Of 2008 by RJ Menezes
MSNBC.com has released their top ten cars for 2008. The list is compiled by considering road tests, reliability and safety. Consumer Reports picked these vehicles as the best in their categories. What’s new this year? For the first time, winners include two South Korean cars. Here are Consumer Reports’ top 10 car picks of 2008.
1. [...] .. Read More!

GM Readies New V8 Diesel Engines For Its Full Size Trucks by RJ Menezes
General Motors is in the final stages of producing it’s newest Diesel engine line. The new V8’s are suppose to supplement the existing engine choices already available to the public.
The new DuraMax 4.5-liter engine makes 310 horsepower and 520 pound-feet of torque and is expected to serve up fuel economy numbers 25 percent higher than [...] .. Read More!

BMW's 3.0 Liter Twin-Turbo Straight Six Wins Prestigious Award by RJ Menezes
BMW’s 3.0-liter twin-turbo engine won the top prize in the 2008 International Engine of the Year competition on Wednesday. The engine beat even the mighty Porsche turbocharged 3.6-liter engine that powers the 911 Turbo.
This has been the second consecutive year that a BMW engine took home top honors. The judges said that the BMW unit [...] .. Read More!

Toyota Experiences 28 Percent Profit Drop by Liz Opsitnik
The world’s second largest automaker, Toyota, announced a 28 percent decline in profits for the January to March quarter, compared to last year, reports the Detroit News and the Associated Press.
Causes for the Japanese automaker’s profit drop include sluggish North American sales and a strengthening yen.
On Thursday, Toyota said it expects its net profit to [...] .. Read More!