Thursday, September 25, 2008
GM expected to announce new engine plant in Flint
Associated Press
DETROIT – General Motors Corp. is expected to announce that it will build a new factory in Flint that will make four-cylinder engines for the Chevrolet Volt rechargeable electric car.
The automaker has scheduled a news conference Thursday morning, but already has said it [...]

Thursday, September 25, 2008
Lawmakers fast-track auto loans
House approves $25B with Senate expected to act today; Energy Dept. ready to write rules.
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Automakers could get billions as soon as early next year to retool factories to build more fuel-efficient vehicles after the U.S. House passed a bill Wednesday that [...]

Thursday, September 25, 2008
Cerberus pursues all of Chrysler
Automaker’s owner in talks with Daimler to buy out its stake; more options for ventures cited.
David Shepardson / The Detroit News
WASHINGTON — Daimler AG is in talks to sell its remaining stake in Chrysler LLC to majority owner Cerberus Capital Management LP, the companies confirmed Wednesday.
If the negotiations, [...]

Thursday, September 25, 2008
GM to accelerate its cost-cutting
Struggling auto maker may sell a French parts plant as it continues to reduce structural costs.
Greg Bensinger / Bloomberg News
General Motors Corp., struggling to stem more than three years of losses, said it plans to accelerate its $10 billion cost-cutting program and may sell a French parts plant.
The [...]