Friday, July 11, 2008
Wagoner seeks to quell General Motors bankruptcy speculation
CEO says GM has plenty of cash for operations; Stock continues fall amid rumors
David Shepardson / Detroit News Washington Bureau
WASHINGTON — General Motors Corp. Chairman and CEO Rick Wagoner sought Thursday to quash speculation that the automaker was heading for bankruptcy and said it had [...]

 
VW sources: Huntsville, Ala., favored for U.S. site
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Mark Stevens
Automotive News | July 11, 2008 - 5:17 am EST
 
 
Volkswagen’s management favors Huntsville in northern Alabama as the site for its new U.S. car plant, Automobilwoche, Automotive News’ sister publication, reported today.
The magazine said Chattanooga, Tenn., which is 102 miles north of Huntsville, is the second [...]

 
Chrysler: bankruptcy speculation has no merit
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Bradford Wernle
Automotive News | July 10, 2008 - 2:31 pm EST
 
 
DETROIT — Chrysler LLC again sought to reassure dealers on Wednesday that reports of its financial distress are unfounded.
“Speculation has surfaced recently in media coverage of analyst reports suggesting Chrysler might have liquidity issues down the road if the [...]

*UAW: Local GM plant will survive economy slump*
*By D. FRANK SMITH/dfsmith@c-dh.net*
SPRING HILL — Union officials say a fuel-efficient car engine and flexible
manufacturing process will spare Spring Hill’s General Motors’ plant from
the gloom that has spread across the auto industry.
GM has had to adapt quickly to the shifting tides of the consumer market in
recent months. The [...]