Saturday, November 1, 2008 Chrysler-Nissan talks halt No more discussions scheduled after Cerberus acknowledges preference for GM deal, sources say. Christine Tierney and David Shepardson / The Detroit News Talks between the Renault-Nissan alliance and Cerberus Capital Management LP have stopped as both sides acknowledged Cerberus’s preference to conclude a deal for Chrysler LLC with [...]
October sales may be lowest in a quarter century But some data suggests worst may be over queryvar=”october,sales,may,be,lowest,in,a,quarter,century”; Richard Truett Automotive News | October 31, 2008 – 2:33 pm EST DETROIT — Detroit’s automakers may have dragged U.S. auto sales to their lowest levels in 25 years this month as benefits from plunging [...]
GM will end a used-car incentive early queryvar=”gm,will,end,a,used-car,incentive,early”; Jamie LaReau Automotive News | October 31, 2008 – 12:54 pm EST For the first time in years, General Motors is pulling the plug early on a certified used-car financing program, a GM spokesman confirmed today. The company is doing so because of a [...]
UAW hires Girsky as adviser on federal bailout, GM-Chrysler queryvar=”uaw,hires,girsky,as,adviser,on,federal,bailout,gm-chrysler”; David Barkholz Automotive News | October 31, 2008 – 3:39 pm EST Steve Girsky The UAW has hired veteran Wall Street consultant Stephen Girsky to advise the union on a possible tie-up between General Motors and Chrysler LLC, Automotive News learned today. Girsky, [...]
Mercedes offers buyouts to Ala. workers queryvar=”mercedes,offers,buyouts,to,ala,workers”; April Wortham Automotive News | October 31, 2008 – 4:18 pm EST Mercedes-Benz is offering buyouts to nearly all 4,000 employees at its Alabama auto assembly plant, a spokeswoman confirmed today. The buyouts, announced to employees yesterday come before another round of production cuts at [...]
