Tuesday, September 23, 2008 GM’s shares fall on unease Capital, liquidity worries weigh on analysts, investors; SEC blocks short sales. Robert Snell / The Detroit News General Motors Corp. stock dropped again Monday amid concern from investors and analysts about the company’s diminishing liquidity and lack of access to capital. Further concern was shared about [...]
Bill Ford sells 1 million Ford shares queryvar=”bill,ford,sells,1,million,ford,shares”; Chrissie Thompson Automotive News | September 22, 2008 – 4:18 pm EST DETROIT — Ford Motor Co. Executive Chairman Bill Ford sold about one-sixth of his common stock holdings last Thursday, Sept. 18, according to a Securities and Exchange Commission document. Bill Ford, 51, sold [...]
Top CAW exec to leave in Jan. queryvar=”top,caw,exec,to,leave,in,jan”; Chrissie Thompson Automotive News | September 22, 2008 – 12:28 pm EST Hemi Mitic, assistant to the president of Canadian Auto Workers since 1992, will leave the organization in mid-January. Mitic, 57, had hoped to become the next president of the union he has [...]
Oil spikes nearly 16% on banking rescue plan queryvar=”oil,spikes,nearly,16%,on,banking,rescue,plan”; Automotive News | September 22, 2008 – 2:56 pm EST LONDON (Reuters) — Oil prices today soared nearly 16 percent to over $120 a barrel — the biggest one-day gain on record — in a rally sparked by the expiry of the front-month [...]
GM seeks tax breaks for Mich. projects queryvar=”gm,seeks,tax,breaks,for,mich,projects”; Ryan Beene Automotive News | September 23, 2008 – 12:01 am EST DETROIT — General Motors is considering a plan to spend up to $836 million in Michigan manufacturing plants and other facilities in the state to bolster operations needed to build its Chevrolet Volt [...]
