• Union meeting is today at 3 pm and 15 minutes after the longest first shift line time.
• There will be a gate drive for March of Dimes, March for Babies, tomorrow.
• We have been informed that the May schedule has been finalized. The daily schedule will be 10.5 and we will work three Fridays – May 7, 21 and 28.
• I addition to announcing the repayment in full of the US and Canadian government loans, GM is going to invest $257 million in the Fairfax and Hamtramck plants for the next-generation Malibu.
• From Automotive News: Chrysler Group said it posted a $143 million operating profit in the first three months of the year after cutting costs and introducing a big pickup. Chrysler reported a net loss of $197 million in the first quarter, compared with a net loss of $2.69 billion in the final three months of last year. After emerging from bankruptcy June 10 through the end of 2009, Chrysler said it lost $3.8 billion on revenue of $17.7 billion. Chrysler forecast 2010 earnings of $2.5 billion to $2.7 billion before taking into account interest, taxes, depreciation and amortization.
• From the Detroit Free Press: In March, when Toyota launched its aggressive incentives and saw its sales surge 41%, the Japanese automaker came within 1,148 vehicles of outselling GM. But nearly three of every four of those sales was financed with the expensive no-interest loans that erode profits, according to the consumer automotive Web site Edmunds.com. Studies show that Toyota's image is already beginning to bounce back (like a dead cat). Toyota's good news: the automaker's score on the BrandIndex daily consumer perception survey rose 12.7 points from early March to the end of the month. The bad news: Toyota's latest BrandIndex score is still -42, which means it is getting less love than either Goldman Sachs (-19.8) or Bank of America (-11.6) -- two primary architects of the nation's financial implosion.
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