GM Spring Hill Traverse Launch
UAW Team Member, Jeff Daron sings the National Anthem at the Traverse Launch on October 3, 2008. Video provided by the TN Department of Economic and Community Development. Also featuring the Spring Hill Marching Band!
Tuesday, November 11, 2008
GM scraps plans for news conference at upcoming L.A. Auto Show
Robert Snell / The Detroit News
DETROIT –General Motors Corp. has canceled plans to hold a news conference during next week’s Los Angeles Auto Show and send Vice Chairman Bob Lutz, a cost-cutting move that comes as the automaker faces questions about its [...]
J.P. Morgan: GM likely to survive, bonds a ‘buy’
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Automotive News | November 11, 2008 – 11:00 am EST
NEW YORK (Reuters) — General Motors’ extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at J.P. Morgan.
GM’s bonds have tumbled [...]
White House endorses accelerated auto-loan funds
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Automotive News | November 11, 2008 – 10:45 am EST
WASHINGTON (Reuters) – The White House today said it was open to considering any proposals from Congress to accelerate loans to the ailing U.S. auto industry from funds already appropriated.
"We’re open to ideas from Congress to accelerate funds they’ve already appropriated [...]
Lawmakers prepare industry-aid bills for lame-duck session
Pelosi to call for ‘emergency and limited financial assistance’
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Harry Stoffer
Automotive News | November 11, 2008 – 3:14 pm EST
WASHINGTON — Key members of Congress said today they are preparing emergency legislation that would provide more federal aid to the auto industry.
House Speaker Nancy Pelosi, D-Calif., said a bill [...]
UAW board member: ‘We’re worried’ about retiree health care benefits
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Jeremy Smerd
Automotive News | November 11, 2008 – 10:19 am EST
Caretakers of the UAW’s health care trust are concerned that the slumping fortunes of the Detroit 3 could leave retirees without health care benefits.
"Obviously, we’re as worried as you are," said Teresa Ghilarducci, a board [...]
November 11, 2008
In the end, GM shareholders might get stuck with nothing
Analyst sees 1 year for stock
BY SUSAN TOMPOR
FREE PRESS COLUMNIST
Could General Motors Corp. — and all those Chevys and Cadillacs — soon be worth absolutely nothing?
OK, we all know nobody’s going to hand over the keys to a Cadillac CTS for free, let [...]
Tuesday, November 11, 2008
Daniel Howes
Commentary: Detroit will never be the same
It’s over, folks.
No matter what comes of the increasingly frantic Detroit bailout talks in Washington, or General Motors Corp.’s desperate bid to keep its critical cash hoard from disappearing, or Chrysler LLC’s next move to avoid bankruptcy, or Ford Motor Co.’s flimsy insistence that its [...]
