Auto Crisis Hits Middle America

Dana Hedgpeth, Washington Post
Sat, 05/09/2009 - 9:00am

Communities, reeling from the collapse of car companies, seek new ways to prosper, rebuild.

Sections: news u.s. business

Ford shareholders reject stock proposal
Ford Motor Co. shareholders are again rejecting a proposal to dilute the Ford family's control over the company. At its annual meeting in Wilmington, Del., Thursday, Ford said 67 percent of shareholders voted against the proposal to make each Ford share worth one vote. More
AP Source: Fiat mulls IPO after buying Chrysler
The head of Italian automaker Fiat is considering a plan to hold a public stock offering after the company buys 100 percent of Chrysler, according to a person briefed on the matter. More
Ford Profit Rises on Strong North American Sales
The automaker, which continues to struggle overseas, posted first-quarter net income of $1.6 billion, beating Wall Street expectations. More
Chinese Auto Market Shifts Toward Larger Cars
Auto buyers in what is the world’s largest car market are shifting away from compacts and subcompacts and buying more midsize cars and sport utility vehicles. More
Wild weather: Floods, snow, tornadoes hit central USA
Middle America was overwhelmed by weather Thursday, with snow in the north, tornadoes in the Plains, and torrential rains that caused floods and transportation woes - and a sinkhole in Chicago. More

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The recent attacks by Yemen's Houthi militants and retaliatory U.S. strikes have increased tensions in the Middle East, causing companies to reroute shipments and face cost increases. Maruti's prices ...
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