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Automotive news from AP

GM to pay up to $200M to help end American Axle strike
DETROIT (AP) -- A bitter, 10-week strike at auto parts supplier American Axle and Manufacturing Holdings Inc. could end soon now that General Motors Corp. has agreed to kick in up to $200 million to help settle the dispute, industry analysts said....
Ford says it's doubling fuel-efficient 6-speed transmissions
DETROIT (AP) -- Ford Motor Co. said Wednesday it plans to greatly increase the use of more fuel-efficient six-speed automatic transmissions, doubling their number by the end of next year and putting them in 98 percent of its North American vehicles by 2012....
MGM Mirage profit dips as tourists pinch pennies
LAS VEGAS (AP) -- The chief executive of MGM Mirage Inc. said Tuesday the casino company planned to push ahead with new projects even after construction costs and an economy that is discouraging spending sent first-quarter profit tumbling 30 percent....
Ford to offer buyouts to 1,300 workers in Illinois, Kentucky
DETROIT (AP) -- Ford Motor Co. will offer buyouts to about 1,300 workers at assembly plants in Chicago and Louisville, Ky., as part of the automaker's plan to adjust capacity with demand for its vehicles, a spokeswoman said Friday....
GM loses $3.3 billion in first quarter; lowers sales outlook
DETROIT (AP) -- Bowing to grim reality, General Motors Corp. followed Ford's lead and cut its U.S. sales forecast Wednesday after a tough first quarter that saw a $3.3 billion loss....

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