Automotive News | October 20, 2008 – 3:45 am EST
Report: Ford, Chrysler offer 2009 model discounts
queryvar=”report:,ford,chrysler,offer,2009,model,discounts”;
 
 
DETROIT (Reuters) — Car makers Ford Motor Co. and Chrysler LLC, are offering discounts on their newest models to boost sales of their North-American pickup trucks, the Financial Times reported.
Ford will be offering a discount on the 2009 version of [...]

GM-CHRYSLER MERGER TALKS

Automotive News | October 20, 2008 – 8:11 am EST
 
GM eyes Chrysler cash, talks progressing
 
 
 
DETROIT (Reuters) — General Motors is pushing ahead with talks to acquire Chrysler LLC in a deal that the automaker sees as a way to boost its cash position at a time when it has been shut out of [...]

Monday, October 20, 2008
GM taps N.C. firm for key Volt part
Buehler Motor Inc. will provide 12-watt and 50-watt auxiliary water pumps in $50M deal.
Robert Snell / The Detroit News
A North Carolina company is expected to announce today a $50 million, multi-year deal to provide customized auxiliary water pumps for the Chevrolet Volt extended-range electric vehicle [...]

Monday, October 20, 2008
Chrysler, GM deal confronts obstacles
Federal regulators, dealers and UAW could try to delay or prevent merger of Detroit rivals.
David Shepardson, Alisa Priddle and Robert Snell / The Detroit News
The only scenario seemingly not on the table for Chrysler LLC is the status quo as pressure mounts to decide the fate of Detroit’s [...]

 
Companies’ pension plans may need cash
queryvar=”companies,pension,plans,may,need,cash”;

Jim Henry
Automotive News | October 20, 2008 – 12:01 am EST
 
 
NEW YORK — Federal pension law could force automotive companies with plans heavily invested in stocks to pony up more money over the next few years to keep their plans fully funded.
If the stunning drop in stock prices puts [...]

GM/Chrysler? Anything’s possible
In cash crunch, unthinkable becomes common
queryvar=”gm/chrysler?,anythings,possible”;

Amy Wilson
Automotive News | October 20, 2008 – 12:01 am EST

Ford CEO Alan Mulally is exploring ways to raise money, and selling some of Ford’s 33 percent stake in Mazda is a plausible option.

 
DETROIT — [...]

 
With GMAC out, banks trickle in
But loan money is elusive for shoppers with less-than-sparkling credit
queryvar=”with,gmac,out,banks,trickle,in”;

Donna Harris
Automotive News | October 20, 2008 – 12:01 am EST
 
 
After GMAC Financial Services’ broad retreat last week from auto lending, General Motors dealers were trying to plug the gap with banks, credit unions and independent finance companies.
GMAC said it [...]

 
Amazingly, vehicle inventories are low
queryvar=”amazingly,vehicle,inventories,are,low”;

Jesse Snyder
Automotive News | October 20, 2008 – 12:01 am EST

ENLARGE

Chevy cut Silverado stock almost in half in a year.

 
Call it a miracle, but despite the [...]