Wednesday, October 22, 2008
Granholm: Michigan preparing for GM-Chrysler merger
Mark Hornbeck / Detroit News Lansing Bureau
LANSING — State government is preparing contingency plans, should a General Motors-Chrysler merger cost the state thousands of jobs, Gov. Jennifer Granholm said today.
The governor said she’s asked her state department directors to explore ways state government can help, and she [...]

 
GM puts ACDelco up for sale
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Amy Wilson
Automotive News | October 22, 2008 – 11:10 am EST
 
 
DETROIT — General Motors announced today that it has retained Merrill Lynch to explore the sale of ACDelco, GM’s aftermarket parts unit.
The move is part of GM’s attempt to raise up to $4 billion by selling assets. The potential [...]

Report: Nissan seeks about 20% of Chrysler
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Automotive News
October 22, 2008 – 6:00 am ET

 
TOKYO (Reuters) — Nissan is proposing to buy about 20 percent of Chrysler and bring the troubled U.S. automaker into the Franco-Japanese alliance with Renault, the Detroit News reported on Wednesday, citing sources familiar with the situation.
The offer is now before [...]

 
Report: GM looks for capital from outside investors
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Automotive News | October 22, 2008 – 9:00 am EST

 
NEW YORK (Reuters) — General Motors is looking for a large investment from outside investors as a possible alternative to a deal with Chrysler LLC, the Financial Times reported on its Website yesterday.
The hoped for capital injection would be [...]

 
Philip Nussel
Automotive News | October 22, 2008 – 3:38 pm EST
 
 

ENLARGE

The Chevrolet Traverse

 
 
During the World Series on the Fox network tonight, General Motors will launch a multimedia ad campaign [...]

Wednesday, October 22, 2008
Manny Lopez
Repairs to auto industry can’t wait

Phil Connors has been there before.
And so has southeastern Michigan — waking up to the same nightmare and hoping against all hope that today will be the day that the domestic auto industry returns to its former glory.
Unfortunately, that’s about as likely as Michigan actually finding [...]

Wednesday, October 22, 2008
Nissan seeks Chrysler stake
Ghosn’s proposal: Chrysler would be partner with Renault-Nissan
Christine Tierney, Robert Snell and David Shepardson / The Detroit News
The Renault-Nissan alliance is proposing to acquire around 20 percent of Chrysler LLC and bring the Auburn Hills automaker into the French-Japanese automotive partnership, according to sources familiar with the situation.
The offer [...]

Wednesday, October 22, 2008
A Ram in Nissan’s future?
Some auto analysts say sale of Chrysler’s Dodge truck business makes sense.
Alisa Priddle / The Detroit News
Nissan Motor Co. needs full-size trucks and Chrysler LLC could spin off a chunk of its Dodge truck business to fill that need, analysts say.
Despite high gasoline prices, there remains a market [...]