State officials react to Ford news in Lorain
Ohio and Lorain County leaders express concern over Ford Motor Co. considering a shutdown at the Lorain Assembly Plant Economy officials discuss potential tax credits and incentives to keep operations. Ford cites ongoing union negotiations and safety standards affecting decisions. Local union rep Tom Springowski fears a negative vote and possible Econoline changes. Ford notes plans to meet later in the process and mentions 2006 safety mandates impacting decisions.
MENTIONED IN THIS ARTICLE
Cindy Leise
Lorain
Ford
Bruce Johnson
Ford Motor Co
Johnson
Lorain Assembly
Tom Springowski
UAW
Lorain County
Springowski
America
Richard Woytowich
Sprmgowski
Bob Taft
Woytowich
Michigan
Ohio
Ford workers who moved to Kentucky face job insecurity
Elyria resident Larry Yee recalls leaving Lorain for Ford's Louisville plant in 1997 as the company cut 1800 Lorain jobs. He pursued security but faced taunts from former colleagues, while others like Perry Strader and Ray Freeman chose stays or deals. Nearly all reflect on risks, retirement timelines, and the back stories of moving for Ford work.
MENTIONED IN THIS ARTICLE
Elyria
Larry Yee
Kentucky
Ford
Lorain
Yee
Louisville
Ford Truck
Bluegrass
Assembly
Loni Strader
Perry
Lori Strader
Ray Freeman
Indiana
Larry Wares
Lorayn
Michigan
Wares
Tony Lombardo
Tombardo
Chronicletelegram.com
Chronicle
Perry Strader
Lorain Assembly Plant History and Output Milestones
The Lorain Assembly Plant opened in 1958 with 140 workers and the F-100 pickup as its first vehicle. The 2 million square foot facility on a 250 acre site in west Lorain expanded to build medium pickups and passenger cars, reaching nearly 4,000 employees two years after opening. By 1978 the plant expanded to 3.2 million square feet, producing about 2,200 units daily alongside Avon Lake. Earlier, in 1569, the plant employed 5,614 and produced the Ford Thunderbird Mercury Cougar Econoline van and Club wagon with daily output around 1,248 units amid layoffs from sagging sales.
MENTIONED IN THIS ARTICLE
Lorain
West
Loran
Ford
Mercury
Avon Lake
Canada
Ford Lorain and Avon Lake plants faces closures and layoffs
The Lorain and Avon Lake plants experience multiple shutdowns and staffing cuts from 1991 to 2003. Ford transfers workers to Ohio Assembly, idles Lorain in 1992, trims Thunderbird sales, plans a paint shop, and faces tax abatement controversy. By 2003 Lorain Assembly is slated for closure with 1,715 workers remaining.
MENTIONED IN THIS ARTICLE
Ford
Lorain
Ohio Assembly
Avon Lake
Home loan rates drop for second week
Rates on 30 year mortgages slipped to 6.01 percent for the week ended Sept 19 from 6.16 percent, the Freddie Mac survey shows. 15 year fixed fell to 5.38 percent and one year adjustables to 3.81 percent as mortgage rates retreat after a prior rise driven by economic momentum and deficits.
MENTIONED IN THIS ARTICLE
Washington
Freddie Mar
Fed
Frank Nothart
Freddie Mac
UAW and GM Reach Tentative Four Year Labor Deals
UAW and General Motors wrap up tentative four year contracts with the Big Three after two months of talks aimed at countering foreign competition. Details are sparse but reports cite a $3000 signing bonus and wage increases of 2 to 3 percent in years three and four, with plant closings possible under new terms. The deals require ratification by members, with a tentative timetable of one week to ten days.
MENTIONED IN THIS ARTICLE
Detroit
United Auto Workers
UAW
Ron Gettelfinger
TAW
DAW
Ford
DaimlerChrysler AG
Chrysler Group
Supper Visteon
Gerald Meyers
American Motors
University of Michigan
U.S
Chrysler
Toyota
General Motors
Rick Wagoner
Nasdaq closes above 1900 as stocks surge on jobs data
The Nasdaq Composite ends above 1900 for the first time in 18 months, rising 26.45 points to 1909.55, while the Dow Jones and S&P 500 hit 15 month highs on upbeat jobless claims and Leading Economic Indicators. Analysts warn earnings season could cap further advances.
MENTIONED IN THIS ARTICLE
New York
Dow Jones Industrials and
Standard & Poor
Wall Street
Dow
Conference Board
Labor Department
Tim Smalls
SG Cowen Securities
Dollar Dips to Two-Year Yen Low Then Recovers
The dollar fell to a two year low against the yen before recovering to just above 115 yen as traders weigh Japan's likely stance ahead of the G7 meeting in Dubai. The euro trades near $1.124, while the franc and Canadian dollar edge higher and the British pound climbs.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Japan
Dubai
Also Mentioned on This Page
Ford News
United Ate Workers
Jean Carter Ryan
Carter Ryan
Hazelwood
St. Louis
Missouri
Bob Holden
Holden
Cindy Lelse
Cieise
Chronicletelegram
Come}, Fairlane, Montego, Tonno, Cougar and Ltd
Thunderbird
Meco
NAFTA
Flat Rock
Mich
Johnson Controls
Sinke
Delphi
J.T. Battenberg
S&p
Subodh Kumar
Cibc World Markets
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