Chrysler seeks $1 billion loan as losses mount
Chrysler Corp faces a $207 million second quarter loss and appeals for government cash to cover tax credits and future deficits. Chairman John Riccardo and President Lee Iacocca urged stockholders to contact Congress while discussing potential industry consolidation and relief measures including delayed pollution standards and accelerated tax credits.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
John Riccardo
Congress
Chrysler
Riccardo
Lee A. Iacocca
Fewer Hires and More Layoffs in June Manufacturing
Washington AP report shows June manufacturing labor turnover fell with an accession rate of 3.9 per 100 employees. New hire rate dropped to 2.9 percent while seasonally adjusted layoffs rose to 1.3 percent, up 0.3 points from May. Over the year, layoffs increased by 0.9 points.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Kansans press for year moratorium on Amtrak changes
Two Kansas lawmakers urge Midwestern senators to back a one year pause on changes to passenger rail service. They call for delaying decisions on Amtrak to reflect current energy realities and support the Chicago Houston Lone Star route through their districts.
MENTIONED IN THIS ARTICLE
Washington
Amtrak
Kansas
Dan Glickman
Bob Whittaker
Illinois
Missouri
Oklahoma
Texas
Glickman
Whittaker
Chicago-Houston
Lone Star
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