Newspaper wrap-up: Big three commit to diesel option for light pick-ups
Posted Jan 2nd 2008 11:16AM by Eric Buscemi
Filed under: Newspapers, Ford Motor (F), General Motors (GM), United Technologies (UTX)
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MAJOR PAPERS:
- Hamilton Sundstrand, a unit of United Technologies (NYSE: UTX), will reportedly announce a partnership with US Renewables Group, the Wall Street Journal reported. The partnership is set to commercialize a new type of solar-power plant that will convert molten salt to convert the sun's heat to electrical power.
- The Wall Street Journal also reported that despite warning investors of a dimmer financial picture in 2008, 3M Co.'s (NYSE: MMM) stock price has been stabilizing. For 2009, the company maintains a "guarded optimism" regarding optical films.
OTHER PAPERS:
- General Motors (NYSE: GM), Ford Motor Co. (NYSE: F) and Chrysler LLC have committed to a diesel option for their next-generation light-duty pickups, the Detroit News reported.
- In other GM news, the Detroit News also reported that General Motors will temporarily lay off 180 workers at its Grand Rapids plant this week due to weak truck sales in 2007.
Tags: 3M, Ford, GM, inthenews, MMM, UTX
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