Autos October 17, 2008, 7:40PM EST text size: TT
Under the Hood of a GM-Chrysler Merger
BusinessWeek has learned details of the proposed merger between GM and Chrysler. The rewards are huge—but so are the obstacles
By David Welch
As top executives at General Motors (GM) and Chrysler owner Cerberus Capital Management continue to talk about a merger, the [...]
Friday, October 17, 2008
Auto briefs
Levin to seek $25B more for auto industry
WASHINGTON — Sen. Carl Levin said Thursday he may seek an additional $25 billion in loans for the auto industry before the end of the year, citing deteriorating economic conditions for Detroit’s car makers. Levin, D-Detroit, said doubling the loan program to $50 billion [...]
GM launches additional rebates on certain models
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Amy Wilson
Automotive News | October 16, 2008 – 4:52 pm EST
DETROIT — General Motors today launched extra incentives for vehicle buyers who already qualify for company discounts.
Eligible for the additional rebates of $1,000 or $2,000 are GM employees and their extended family members, and employees of GM suppliers [...]
GM-CHRYSLER MERGER TALKS
Philip Nussel
Automotive News | October 16, 2008 – 10:52 pm EST
DETROIT — Cerberus Capital Management LP is stepping up efforts to sell Chrysler LLC to General Motors, according to two news reports late today.
GM executives want to get a deal done with Chrysler’s owners by the end of the month, but the [...]
