GM preparing cuts in contract workforce
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Amy Wilson
and Robert Sherefkin
Automotive News | September 30, 2008 – 12:01 am EST
 
 
DETROIT — General Motors will begin cutting U.S. contract workers as early as next week.
The reduction in GM’s contract staffing is part of a bigger effort to reduce the automaker’s overall costs, sources familiar with the [...]

 
Heard lawyer: Dealer is ‘out of money’
Court approves funding for liquidation and other expenses
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April Wortham
and Chrissie Thompson
Automotive News | September 29, 2008 – 12:01 am EST

ENLARGE

A Bill Heard Enterprises employee locks the gate at the flagship Chevrolet store in Columbus, Ga.
[...]

Tuesday, September 30, 2008
Auto briefs
Bush nominates new highway safety chief
WASHINGTON — The Bush administration has nominated David Kelly to lead the federal agency that regulates the auto industry. President Bush nominated Kelly on Monday to be the administrator of the National Highway Traffic Safety Administration. Kelly has served as acting administrator since mid-August. Kelly was [...]

Tuesday, September 30, 2008
Carmakers wince as bailout fails
Worries spread that if credit markets stay tight, fewer buyers will get car loans and sales will dive.
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Automakers and legislators warned Monday that the auto financing market was in danger of collapsing after a $700 billion Wall Street bailout package [...]

Monday, September 29, 2008
GM stock hits 54-year-low on bailout vote
David Shepardson / The Detroit News
General Motors Corp. stock plunged to a 54-year-low Wednesday on the House vote to reject a $700 billion Wall Street bailout, while other auto sector stocks also were hammered.
GM stock fell 12.8 percent to $8.51, losing $1.25 a share, to fall [...]