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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 a roiling economy, cash flow [...]
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 [...]
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 industry’s biggest sales collapse since 1980, automakers have prevented inventories from spiraling out of control. The sales [...]
