Friday, April 29, 2011

State of the Union April 29, 2011

April 29, 2011 online at www.uawlocal2250.com

From Chairman Mike Bullock: I want to thank you for your contributions to the March of Dimes/March for Babies drive. We set a new record for one shift - $4140 (which included an anonymous check from trim for $100)! I’ve always said that there isn’t a more generous workforce in the corporation. Also, there will be 8 members recalled instead of 4 on Monday, May 2. One member still needs to be contacted – Tajuana M. Anderson. If anyone knows her, tell her to call 636-327-2100 or 636-327-2250.

From Automotive News: Violent weather across Alabama, Georgia and Tennessee has halted production at Toyota and Mercedes-Benz plants in Alabama, as emergency workers try to assess two days of damage in the region. On Wednesday, a mile-wide tornado destroyed parts of Tuscaloosa, Ala., damaging the Mercedes-Benz U.S. International auto-assembly plant just north of the city. The same storm cell of multiple tornadoes wreaked havoc along a 300-mile stretch, taking out power to an unknown number of auto parts manufacturers and other businesses as far north as Virginia. A Mercedes plant spokeswoman was quoted in the Tuscaloosa News earlier today saying that Mercedes had halted operations because suppliers were unable to deliver parts due to the storms. In some areas, highway exit ramps were damaged and closed. As of Thursday afternoon, the Mercedes plant had not resumed operations and a spokeswoman told Automotive Newsit would remain down Friday. The same weather ripped down utility lines as far north as Huntsville, Ala., where Toyota operates a key U.S. engine plant. Toyota spokesman Mike Goss said today the engine plant stopped work Wednesday night when it lost power. He said the power could be out at least through the weekend.


From the Wall Street Journal: Booming demand for luxury cars, particularly in China, and a recovery in major truck markets helped Germany's Daimler AG almost double its first-quarter net profit and remain on track to deliver a "significant rise" in earnings this year. Daimler said net profit in the first quarter rose to €1.18 billion ($1.75 billion), up from €612 million a year earlier. Daimler's revenue increased by 17% to €24.7 billion, while its closely watched earnings before interest and tax, or Ebit, rose to €2.03 billion from €1.19 billion.

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