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 General Motors Corp., according [...]

October sales may be lowest in a quarter century
But some data suggests worst may be over
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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 gasoline prices failed to make up [...]

 
GM will end a used-car incentive early
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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 lack of credit funding, said spokesman John [...]

 
UAW hires Girsky as adviser on federal bailout, GM-Chrysler
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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 [...]

 
Mercedes offers buyouts to Ala. workers
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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 the factory that will begin in [...]