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 legislators and the [...]

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 [...]

 
GM to provide $10.6 billion to support Delphi
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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, which filed for bankruptcy protection in the [...]