NATION

NATION

V-6 version of Camaro to get 29 mpg, GM says

DETROIT — General Motors Corp.’s top executive says the fuel economy of the new Chevrolet Camaro sports car is an example of how GM is paying closer attention to improving gas mileage.

Chief Executive Rick Wagoner says the V-6 version of the Camaro will get 29 miles per gallon on the highway, and a high performance SS model with a V-8 will get 25 mpg.

The 2010 Camaro began arriving in dealer showrooms Monday. GM stopped making an earlier version of the iconic muscle car in 2002.

Caterpillar plans layoffs of 2,400 at 5 plants

PEORIA, Ill. — Caterpillar Inc. announced plans Tuesday to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy-equipment maker continues to cut costs amid the global economic downturn.

Caterpillar, the world’s largest maker of mining and construction equipment, has seen its sales wither as the sluggish world economy and credit crisis weaken demand for its products. In response to the worsening conditions, Caterpillar in January announced job cuts that will ultimately eliminate 20,000 positions.

Associated Press