GM-CHRYSLER MERGER TALKS
Patricia Scott
Automotive News | October 14, 2008 - 10:45 am EST
UAW President Ron Gettelfinger
DETROIT — UAW President Ron Gettelfinger said this morning that he’s against a General Motors-Chrysler LLC merger if it costs union jobs.
Speaking on a Detroit radio station, [...]
Microheat files for Chapter 11 protection
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Robert Sherefkin
and David Barkholz
Automotive News | October 14, 2008 - 5:05 pm EST
DETROIT — Stung by a General Motors recall of its main product, Microheat Inc. today filed for Chapter 11 bankruptcy protection.
The once-promising technology company ceased most production of its hot-spray windshield washer at its sole manufacturing [...]
Tuesday, October 14, 2008
Daniel Howes: Commentary
One of Big 3 may not survive
The truth about Detroit’s painful automotive transformation, marked by new products, concessionary labor deals, asset sales, plant closings and job cuts, is that none of it will be enough soon enough.
Instead, a global credit crisis, plunging consumer confidence and abysmal corporate finances are forcing [...]
Tuesday, October 14, 2008
GM not only Chrysler suitor
Renault-Nissan, Fiat, Tata have been in contact; Cerberus says it’s open to making a deal
Christine Tierney and David Shepardson / The Detroit News
Cerberus Capital Management LP began entertaining offers for Chrysler less than a year after acquiring the smallest and most vulnerable of Detroit’s automakers.
In recent months, as [...]
Tuesday, October 14, 2008
GM could use Chrysler’s cash
Money key reason for merger discussions
Robert Snell / The Detroit News
General Motors Corp. doesn’t need Chrysler LLC’s brands, workers or plants, but if the companies merged, the Auburn Hills automaker’s $11.7 billion in cash could help GM survive the worst sales market in 15 years, analysts said Monday.
The [...]
