General Motors on Thursday said it will invest $40 million in its Spring Hill Global Propulsion Systems operation to increase engine capacity for full-size trucks and SUVs. The investment will expand capacity of the 5.3-liter V-8 engine with Dynamic Fuel Management, which is paired with a 10-speed automatic transmission. The […]
Day: September 9, 2019
McClatchy Gets Standstill Agreement on Pension Payments
McClatchy Co. has reached a standstill agreement with the Pension Benefit Guaranty Corp. (PBGC) to extend negotiations with its creditors. The month-long standstill agreement was effective January 14. In a filing with the Securities and Exchange Commission, McClatchy said it had a minimum funding contribution due January 15 in excess […]