John's Feed
Jun 15, 2011

Thaw in ties leads to progress in AMR pilot talks

WASHINGTON/CHICAGO, June 15 (Reuters) – Pilots at American
Airlines report strong progress in what have been long and
difficult contract talks, aiming to recoup wages and benefits
lost during painful restructuring.

Although the two sides still have a number of hurdles to
clear before a deal is possible, the notable spring thaw in
relations with AMR Corp (AMR.N: Quote, Profile, Research, Stock Buzz) management is a positive sign
for the carrier hobbled by years of acrimonious bargaining with
its three biggest unions.

Jun 15, 2011

Investors could take stake in Amtrak under proposal

WASHINGTON (Reuters) – Legislation to be proposed on Wednesday would open ownership of Amtrak’s Northeast operations to private investment as a catalyst for developing high-speed service on the heavily used route.

Amtrak, a for-profit federal corporation, is the only long-haul passenger rail service in the United States, and for years a political hot potato over billions of dollars in U.S. government subsidies and losses.

Jun 15, 2011

Virgin America eyes growth in busy U.S. markets

WASHINGTON (Reuters) – Virgin America, the high service, low-cost airline branded by British entrepreneur Richard Branson, is accelerating growth and looking to take on bigger rivals in crowded U.S. markets.

David Cush, Virgin America’s chief executive, told Reuters in an interview that the airline plans to expand capacity by 35 percent in 2012 and 10 percent in 2013.

Jun 9, 2011

Design, technology changes boost SUV safety in U.S.

WASHINGTON, June 9 (Reuters) – Sport utility vehicles are
emerging from a long period of scrutiny with design and other
changes that have markedly improved safety.

Influenced by deadly Ford (F.N: Quote, Profile, Research, Stock Buzz) Explorer rollovers linked
to defective Firestone tires a decade ago, SUVs now sit lower
on car frames — not truck platforms — and are equipped
with stability technology that has cut down on the worst
accidents.

Jun 1, 2011

Taxpayer loss on auto bailout narrows

WASHINGTON (Reuters) – The government expects to recover more money than anticipated from the auto bailout as it pulls back financially from the sector, but taxpayers still face billions in potential losses, the White House said.

“We’ll get back what we get back,” Ron Bloom, the Obama administration’s point man on manufacturing and restructuring of General Motors Co and Chrysler, said on Wednesday. “It will be what it is.”

May 23, 2011

Toyota still has internal problems to fix – panel

WASHINGTON, May 23 (Reuters) – Toyota Motor Corp
(TM.N: Quote, Profile, Research, Stock Buzz)(7203.T: Quote, Profile, Research, Stock Buzz) has a way to go to fix crisis decision-making
and other shortcomings in its corporate culture that played a
key role in last year’s safety debacle, a report by an advisory
panel commissioned by the automaker said on Monday.

Since recalling millions of cars and trucks mainly over
complaints of runaway accelerators, Toyota has appointed a
North American director of quality and has taken other steps to
overhaul the way it handles safety matters.

May 20, 2011

US closes investigation of Toyota Corolla steering

WASHINGTON, May 20 (Reuters) – U.S. auto regulators have
found no defect in the electronic steering mechanisms of recent
model Toyota Motor Co (TM.N: Quote, Profile, Research, Stock Buzz) (7203.T: Quote, Profile, Research, Stock Buzz) Corollas, a boost for the
Japanese automaker as it seeks to put two years of massive
recalls behind it.

The compact sedan is a mainstay of Toyota’s lineup with
266,000 vehicles sold in the United States last year, only
behind Toyota’s larger Camry sedan.

May 17, 2011

U.S. hopes Chrysler will qualify for DOE loans: Chu

WHITE MARSH, Maryland (Reuters) – The Obama administration is “hopeful” Chrysler Group LLC will qualify for government loans to help make more fuel-efficient vehicles, but the automaker still has hurdles to clear with banks and investors.

Energy Secretary Steven Chu told Reuters on Tuesday that it is premature to say whether Chrysler’s application has met the technical standards to merit aid from his agency.

May 16, 2011

U.S. airline shares up as oil price slides

WASHINGTON (Reuters) – Shares of American Airlines parent AMR Corp (AMR.N: Quote, Profile, Research, Stock Buzz) and U.S. Airways Group (LCC.N: Quote, Profile, Research, Stock Buzz) led a sector rally on Monday, helped by lower oil prices, improving travel demand and a positive analyst outlook.

J.P. Morgan analysts Jamie Baker and Mark Streeter broadly raised estimates and targets due to the improved operating outlook.

May 12, 2011

Boeing expects US labor complaint to end in court

WASHINGTON/CHICAGO, May 12 (Reuters) – Boeing Co (BA.N: Quote, Profile, Research, Stock Buzz)
expects a court to settle a complaint alleging it punished
union workers for a past strike by choosing a state with laws
unfriendly to organized labor to build its 787 Dreamliner.

J Michael Luttig, the company’s general counsel and a
former appeals judge, told a Senate committee on Thursday he
anticipates losing before an administrative law judge in
Seattle in June and at the National Labor Relations Board after
that, but prevailing at the U.S. Court of Appeals.