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 [...]
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 [...]
GM launches additional rebates on certain models queryvar=”gm,launches,additional,rebates,on,certain,models”; 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 [...]
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 [...]
