TFN NEWS BRIEFING: Aerospace and transportation highlights to 09:10 BST |
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Published
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Sat, 23 Jun 2007 09:28
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2007-06-23 01:20:04Cars will use less fuel, Senate assuresWASHINGTON (AP) - The cars, SUVS and pickups people will buy inthe years ahead are likely to use less fuel, and many will rely on ethanol orhousehold electricity instead of gasoline. The energy legislation pushed throughthe Senate this week provides a roadmap to the future, demanding higherautomobile fuel economy, mandating huge increases in ethanol as a motor fuel andsupporting more research into building 'plug-in' hybrid-electric vehicles.2007-06-22 23:45:46Ford execs: Restructuring plan on paceCHICAGO (AP) - Top executives ofFord Motor Co. maintained Friday that the automaker's turnaround plan is on pacedespite a 12 percent decline in sales for the first five months of this year.2007-06-22 23:25:19Delphi, union reach tentative wage pactDETROIT (AP) - Struggling auto parts maker Delphi Corp. reached a tentativewage-cutting agreement Friday with its largest union in what may set the patternfor future pay in the U.S. automotive parts industry.2007-06-22 23:24:19Ford says turnaround plan still on paceCHICAGO (AP) -Top executives of Ford MotorCo. maintained Friday that the automaker's turnaround plan is on pace despite a12 percent decline in sales for the first five months of this year.2007-06-22 23:04:56Business HighlightsNEW YORK (AP) - Blackstone Group shares rose 13 percent in their stockmarket debut Friday, as investors scrambled for a piece of the sixth-richestinitial public offering in U.S. history.
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Alcoa completes plant expansions 