Sky Plant Spared Worst of Shutdown

From the News Journal: Joe Riccio, shop chairman for United Auto Workers Local 435, said workers at the Boxwood Road factory were upset that they first learned about the shutdowns from news reports. "We were worried that there was going to be a long, drawn-out shutdown over this thing," Riccio said. GM has already laid off hundreds of workers and cut production to a single shift at the facility, where the Pontiac Solstice, Saturn Sky and Opel GT roadsters are built. In the most recent cuts, 90 workers were laid off earlier this month as plant managers slowed production to accommodate slumping demand. During the shutdown, the factory's hourly workers will be on temporary layoff and eligible for state unemployment benefits, said GM spokesman John Raut. The automaker will pay workers supplemental wages to make their total income, including unemployment benefits, equal to 85 percent of their normal take-home pay.

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Stimulus Package and Hybrid Tax Credits Offer Consumers Many Tax-Saving Options

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With the new stimulus package offering consumers the ability to deduct state and local taxes on new-car purchases, and a variety of tax credits available on hybrid and alternative-fuel cars, there have never been more ways for consumers to take advantage of tax benefits on new-car purchases.