Saturday, September 13, 2008 GM chief faces skepticism on auto loan David Shepardson / Detroit News Washington Bureau WASHINGTON — General Motors Corp.’s top executive was on Capitol Hill Friday urging Congress to back $25 billion in low-cost government loans to help the auto industry build more fuel-efficient vehicles, but he faced skepticism from some [...]

GOVERNMENT LOANS FOR AUTOMAKERS Automotive News | September 12, 2008 – 12:01 am EST U.S. Sen. Richard Shelby   WASHINGTON (Reuters) — The U.S. government should not back $25 billion or more in loans to help General Motors and the other domestic auto companies, the top Republican on the Senate Banking Committee said on Friday. [...]

  GM to provide $10.6 billion to support Delphi queryvar=”gm,to,provide,$106,billion,to,support,delphi”; Automotive News | September 12, 2008 – 7:15 pm EST     DETROIT (Reuters) — Delphi Corp. said on Friday that former parent General Motors has increased its support to $10.6 billion, from $6 billion, to speed the auto parts maker’s emergence from bankruptcy. Delphi, [...]