UPDATE 1-U.S. CBO says FY08 budget deficit hit $438 billion ( Wed, 08 Oct 2008 01:07:06 +0200) (Adds details, congressional reaction; byline) By Richard Cowan WASHINGTON, Oct 7 (Reuters) - The U.S. budget deficit hit a record of about $438 billion Read more UPDATE 1-Reuters Summit-China seen as potential electric car hub ( Tue, 07 Oct 2008 23:58:25 +0200) (For other news from the Reuters Global Environment Summit, click on http://www.reuters.com/summit/GlobalEnvironment08?pid=500) (Adds quotes, background) Read more TEXT-Moody's may cut TRW Automotive's Ba2 rating ( Tue, 07 Oct 2008 22:55:06 +0200) (The following statement was released by the rating agency) Approximately $4.0 billion of debt affected. Oct 7 - Moody's Investors Service has placed Read more UAW to launch ad campaign for Obama ( Tue, 07 Oct 2008 21:12:00 +0200) DETROIT -- The United Auto Workers union said Tuesday it would mount a $3 million ad campaign in four battleground states attacking John McCain's health care proposal. Read more Gettelfinger: Detroit 3 quiet on helping retiree funds ( Tue, 07 Oct 2008 21:48:00 +0200) UAW President Ron Gettelfinger said today that he hasn't been approached by the Detroit 3 to allow additional delays in funding payments to the union's voluntary employee beneficiary associations. Read more
Striking Wayne-Westland teachers plan rally tonight ( Tue, 07 Oct 2008 21:57:00 +0200) WESTLAND --Striking teachers from Wayne-Westland Community Schools plan to rally outside Wayne Memorial High School tonight, while Board of Education members are inside carving out their bargaining strategy. Read more Trial begins in shooting of Capac police chief ( Tue, 07 Oct 2008 20:32:00 +0200) PORT HURON -- A jury is being selected to hear the case against a Capac man accused of shooting the village police chief and a sheriff's deputy. Read more Luczo Dragon Racing signs Matos for '09 IndyCar season: ( Tue, 07 Oct 2008 21:10:00 +0200) Luczo Dragon Racing has signed Firestone Indy Lights champion Raphael Matos to a multi-year deal to drive for the team as it expands to a full-time entrant in the IndyCar Series in 2009. Read more UPDATE 1-Short-squeeze sends Volkswagen into stratosphere ( Tue, 07 Oct 2008 18:46:57 +0200) (Adds detail, quotes, background) By Peter Starck FRANKFURT, Oct 7 (Reuters) - Volkswagen shares soared as much as 55 percent to a record high on Tuesday, Read more NADA's Sykora: 'Action is better than no action' ( Tue, 07 Oct 2008 19:35:00 +0200) Auto dealers hope the federal government's $700 billion bailout package will thaw credit markets so they can finance floorplans and consumer purchases, the chairman of the National Automotive Dealers Association said today. Read more
UPDATE 2-Daimler says has "extremely comfortable" liquidity ( Tue, 07 Oct 2008 19:49:03 +0200) (Adds loan details, comments, background, share price) FRANKFURT, Oct 7 (Reuters) - German carmaker Daimler AG played down on Tuesday any immediate impact Read more
UPDATE 1-UK manufacturing has longest losing streak since '80 ( Tue, 07 Oct 2008 11:30:12 +0200) (Adds details, comment) LONDON, Oct 7 (Reuters) - British manufacturing output fell more than expected and for a sixth consecutive month in August to Read more
West Grand Boulevard, Hines Drive both have closures in Wayne County ( Tue, 07 Oct 2008 13:12:00 +0200) DETROIT -- Commuters are facing two road closures this morning in Wayne County. Read more
Porsche says bought small VW stake off bourse ( Tue, 07 Oct 2008 15:40:40 +0200) STUTTGART, Germany, Oct 7 (Reuters) - Porsche bought a small stake in Volkswagen AG in an off-bourse transaction on Tuesday in which it paid far less Read more
INTERVIEW-UPDATE 1-JVC Kenwood untroubled by slow auto sales ( Tue, 07 Oct 2008 17:44:30 +0200) *JVC Kenwood sees little impact of slow auto sales *Aims for dividend payout as early as next year *Eyes expanded business ties with Funai Electric (Adds Read more
EU mergers and takeovers (Oct 7) ( Tue, 07 Oct 2008 17:44:40 +0200) BRUSSELS, Oct 7 (Reuters) - The following are proposed mergers, acquisitions and joint ventures under review by the European Commission, and a brief guide Read more
EU mergers and takeovers (Oct 7)=2 ( Tue, 07 Oct 2008 17:44:50 +0200) SECOND-STAGE REVIEWS BY DEADLINE NOV 12 -- StatoilHydro, a Norwegian integrated oil and gas company active in Denmark, Norway and Sweden, buys Jet Scandinavia, Read more
Daimler says has "extremely comfortable" liquidity ( Tue, 07 Oct 2008 10:28:12 +0200) FRANKFURT, Oct 7 (Reuters) - Daimler AG played down on Tuesday any immediate impact from the credit crisis and said it had an "extremely comfortable" Read more
UK manufacturing posts longest losing streak since 1980 ( Tue, 07 Oct 2008 10:28:22 +0200) LONDON, Oct 7 (Reuters) - British manufacturing output fell more than expected and for a sixth consecutive month in August to register its longest losing Read more Ford white-collar cuts go deep ( Tue, 07 Oct 2008 08:18:09 +0200) Younger current and former white-collar workers at the still family-controlled Ford seem to be particularly troubled by the historic contraction of the U.S. auto industry and relentless pressure of foreign competitors, especially Toyota Motor Corp. and Honda Motor Co. Read more
Springsteen rallies for Obama in Ypsilanti ( Tue, 07 Oct 2008 06:00:00 +0200) Bruce Springsteen took the stage Monday on the third stop of his Vote for Change 2008 mini-tour for Sen. Barack Obama's presidential campaign. Read more
2 accused in alleged odometer fraud ( Tue, 07 Oct 2008 06:00:00 +0200) ROCHESTER -- Two employees at a Ford dealership allegedly found a creative yet illegal way to sign up leases at their dealership, investigators say: They gave customers odometer switches that misrepresented the number of miles driven. Read more
Book Cadillac makes a comeback ( Tue, 07 Oct 2008 06:12:00 +0200) The Westin Book Cadillac Detroit Hotel and Residences swung open its glass doors Monday, with high hopes that nostalgia and an extraordinary $200 million renovation will allow this iconic building to thrive once again. Read more Ex-Cobo Center boss pleads guilty in bribery case ( Tue, 07 Oct 2008 06:12:00 +0200) Glenn Blanton, the second former Cobo Center director this year to admit to taking bribes from a Cobo contractor, pleaded guilty in federal court Monday to obstruction of justice. Read more
Teachers stay out; talks go on ( Tue, 07 Oct 2008 06:17:00 +0200) Classes are canceled again today for 13,300 students in the Wayne-Westland Community Schools, the second day of a teacher walkout over health care benefits and class size. Read more
UAW to launch ad campaign for Obama 
Luczo Dragon Racing signs Matos for '09 IndyCar season: 
UPDATE 1-UK manufacturing has longest losing streak since '80 
EU mergers and takeovers (Oct 7) 
Ford white-collar cuts go deep 
Ex-Cobo Center boss pleads guilty in bribery case 
