Whether you are a GM employee or in the supply chain, if GM fails we will all pay.

Backseat Driver
Let’s Bail Out GM
Jerry Flint 10.22.08, 6:00 PM ET
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Friday, October 24, 2008
More buyouts will not help automakers shed more workers, Gettelfinger says
Louis Aguilar / The Detroit News
DETROIT — United Auto Workers President Ron Gettelfinger said he didn’t think another round of buyouts would help automakers shed more of their hourly work force but he deflected a question on whether the union is considering [...]

Friday, October 24, 2008
GM reverses plan to idle Flint assembly plant, extends shutdown in Delaware
Robert Snell / The Detroit News
General Motors Corp. has reversed plans to temporarily idle its Flint assembly plant for two weeks in December but has extended a shutdown at a plant in Wilmington, Del., citing slumping market demand.
GM had said in [...]

Friday, October 24, 2008
Rep. Miller wants immediate action on auto loans in wake of Chrysler job cuts
David Shepardson / Detroit News Washington Bureau
WASHINGTON — Rep. Candice Miller urged the Energy Department Friday to immediately make available $25 billion in low-cost direct government loans to automakers in the wake of news that Chrysler LLC will cut [...]

Friday, October 24, 2008
Cuts signal deepening woes at GM
Mounting problems fueling possible deal with Chrysler, analysts say.
Robert Snell, Christine Tierney and Alisa Priddle / The Detroit News
General Motors Corp.’s move to force out white-collar employees for the first time in about 20 years and cut benefits underscores the deepening problems facing the automaker. The escalating [...]

 
Forecast: October U.S. auto sales may plunge 29%
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Lindsay Chappell
Automotive News | October 23, 2008 – 4:36 pm EST
 
 
General Motors, Ford Motor Co. and Chrysler LLC may drag U.S. auto sales for October to their lowest levels since 1992, a forecasting firm said.
Overall industry volume will plunge 29 percent to 872,000, Edmunds.com said in a [...]

 
UAW head calls for more U.S. assistance
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Jesse Snyder
Automotive News | October 24, 2008 – 12:21 pm EST

UAW President Ron Gettelfinger

 
DETROIT — UAW President Ron Gettelfinger today called for additional federal assistance to help the beleaguered U.S. auto industry.
But he opposes changing the [...]

 
Chrysler to cut 25% of salaried workers, 4,300 jobs
Layoffs, early retirements and buyouts will begin in November
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Chrissie Thompson
and Philip Nussel
Automotive News | October 24, 2008 – 11:07 am EST

 
Chrysler LLC plans to cut its salaried workforce by 25 percent starting next month, the company said today.
A Chrysler statement did not identify how many [...]

GM-CHRYSLER MERGER TALKS

Automotive News | October 24, 2008 – 11:15 am EST

 
DETROIT (Reuters) — General Motors has intensified talks to buy Chrysler LLC’s auto operations from Cerberus Capital Management in a deal that would also involve a transfer of ownership of GMAC, people familiar with the talks said today.
GM is concerned about the risk for [...]