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 [...]
GM puts ACDelco up for sale queryvar=”gm,puts,acdelco,up,for,sale”; 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 [...]
Report: Nissan seeks about 20% of Chrysler queryvar=”report:,nissan,seeks,about,20%,of,chrysler”; 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. [...]
Report: GM looks for capital from outside investors queryvar=”report:,gm,looks,for,capital,from,outside,investors”; 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 [...]
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 that features the all-new Chevrolet Traverse crossover. Chevrolet has sponsored the official vehicle of the World Series [...]
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 [...]
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 [...]
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 [...]
