Autos México

Ford will cut more production
Ford Motor Co. is cutting more production in North America. Three additional down weeks are planned at plants in Chicago and Michigan in December. The cuts come after Ford's Nov.

Pelosi: Delay of Detroit 3 aid 'good news'
Democratic leaders of Congress plan to send a letter today to the CEOs of the Detroit 3, spelling out what they want to see in plans the companies must file before lawmakers will consider emergency loans. House Speaker Nancy Pelosi, D-Calif.

Chrysler employees must decide on buyouts next week
About 14,000 Chrysler LLC white-collar employees are agonizing this weekend over whether to take buyout packages offered by the company. They have until the end of business Wednesday to decide.

Cerberus faces unwelcome scrutiny in autos struggle
The woes of the American auto industry have put secretive private equity firm Cerberus Capital Management and co-founder Stephen Feinberg in the one place they don't want to be -- the spotlight.

De-plane! De-plane! GM jettisons 2 jets
General Motors is scrubbing part of its corporate jet fleet -- and scrambling to explain why. Two of seven leased jets were grounded in September when their leases expired. Now two more are being returned, GM spokesman Tom Wilkinson said today.

SandP: Without aid, GMAC could be borrowing time in Ch. 11
GMAC Financial Services could end up in bankruptcy court if it fails to get government bailout money, says Standard and Poor's, the credit rating agency. But a GMAC spokesman said the possibility of bankruptcy is )x("",pure speculation.

Fin O'Neill will head J.D. Power
J.D. Power and Associates has named veteran auto executive Fin O'Neill its next president. O'Neill, 56, takes over in January from the retiring Stephen Goodall, 53, who has been president for 12 of his 30 years at J.D. Power.

Ghosn wants Renault to make more models in Mexico
Nissan-Renault chief Carlos Ghosn says the Renault brand is committed to Mexico and wants to build more models here in the future. )x("",Renault is fully committed to Mexico, he told reporters on Thursday.

Fisker will buy GM engines for Karma car
Executives of Fisker Automotive Inc. said today that they will buy from General Motors a powerful gasoline engine for their plug-in hybrid luxury sedan, due next year in North America.

Obama aide: No prepackaged auto bankruptcies planned
U.S. President-elect Barack Obama's transition team is not exploring a "prepackaged" bankruptcy plan for U.S. automakers, officials from Obama's team said today. Bloomberg News reported that Obama's transition workers were exploring such an option.