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 [...]

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 [...]

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 [...]

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 [...]