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, Gettelfinger said most UAW analysts believe a [...]
Microheat files for Chapter 11 protection queryvar=”microheat,files,for,chapter,11,protection”; 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 [...]
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 [...]
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 [...]
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 [...]
