Wednesday, July 16, 2008 NASCAR, marketing may get 2nd look Analyst says GM must consider everything, but some cuts could be risky. Bryce G. Hoffman and Eric Morath / The Detroit News The cuts announced by General Motors Corp. Tuesday are not limited to jobs and factories — they also will extend to marketing, event [...]
Wednesday, July 16, 2008 VW spurns Mich. for Tenn. auto plant Bill Poovey / Associated Press CHATTANOOGA, Tenn. — Volkswagen picked Chattanooga for its U.S. assembly plant that will employ about 2,000 workers and make a new midsize sedan as part of a plan to triple sales in the U.S. by 2018. Sites in Alabama [...]
Bankers eye next big GM sale: $4 billion in assets queryvar=”bankers,eye,next,big,gm,sale:,$4,billion,in,assets”; Automotive News | July 16, 2008 – 9:38 am EST DETROIT (Reuters) — As General Motors struggles to sell cars in a deeply depressed U.S. market, a more important sale is shaping up for its bankers: finding buyers for up to [...]
Wednesday, July 16, 2008 GM moves to secure $15 billion cushion Deep cuts, new financing needed to ensure liquidity, restore confidence in firm’s future "Our plan is not a plan to survive," General Motors Corp. Chairman Rick Wagoner said Tuesday. "It is a plan to win." Except that GM, beset by skyrocketing oil prices, slumping [...]
Q&A: Young says room for more cuts if market declines queryvar=”q&a:,young,says,room,for,more,cuts,if,market,declines”; Jamie LaReau Automotive News | July 15, 2008 – 4:14 pm EST GM CFO Ray Young General Motors announced a plan today that would save the automaker about $10 billion in cash it would have spent by the end of 2009. The [...]
