November 12, 2008 Auto chiefs will make case to Congress for aid By Todd Spangler and Justin Hyde Free Press Washington Staff WASHINGTON — Congress will hold a hearing next Wednesday to consider a $25-billion bailout of Detroit’s automakers, calling the chiefs of General Motors Corp., Ford Motor Co., Chrysler LLC and the UAW to [...]
[uawgm]z42JWcsCbvo&hl[/uawgm] UAW/GM Spring Hill Military Thank You Video
November 12, 2008 GM retirees flood Medicare hotline BY PATRICIA ANSTETT FREE PRESS MEDICAL WRITER Salaried General Motors retirees are flooding the hotline of a consulting firm hired by the automaker to help them purchase Medicare coverage, with average waits of 20-30 minutes, the company said Tuesday. But Brian Tenner, senior vice president of Extend [...]
November 12, 2008 GM to add 3,500 salaried cuts Further job trims could follow, top economist notes BY KATIE MERX FREE PRESS BUSINESS WRITER General Motors Corp. plans to cut at least 3,500 more salaried jobs in the next few months and could be forced to cut even more as it struggles to survive, a [...]
Hyundai: ‘We have no interest’ in Chrysler queryvar=”hyundai:,‘we,have,no,interest’,in,chrysler”; Gary Anglebrandt Automotive News | November 12, 2008 – 11:54 am EST SEOUL — Hyundai Motor Co. says it has no interest in acquiring Chrysler LCC. “Our hands are full” with various expansion plans around the world, says Hyundai spokesman Jake Jang. “We have [...]
House supporters rally around Dingell queryvar=”house,supporters,rally,around,dingell”; David Barkholz Automotive News | November 12, 2008 – 3:51 pm EST A campaign to keep U.S. Rep. John Dingell in charge of a House committee important to the auto industry intensified today. A team of congressional supporters is sending a letter to all House Democrats [...]
GM asks dealers to lobby for additional auto loans queryvar=”gm,asks,dealers,to,lobby,for,additional,auto,loans”; Automotive News | November 12, 2008 – 3:00 pm EST DETROIT (Reuters) — General Motors today asked all its U.S. dealers to urge the Congress to approve an additional loan package to help the automaker deal with its liquidity crisis, dealers briefed on [...]
Reports say law professor is Obama car czar queryvar=”reports,say,law,professor,is,obama,car,czar”; Harry Stoffer Automotive News | November 12, 2008 – 12:28 pm EST Daniel Tarullo WASHINGTON — Daniel Tarullo is a law professor at Georgetown University and an expert on international economics. But does he know cars? Tarullo’s name surfaced in published reports today as the [...]
Paulson: Loans to automakers must ensure ‘viability’ queryvar=”paulson:,loans,to,automakers,must,ensure,‘viability’”; Harry Stoffer Automotive News | November 12, 2008 – 11:29 am EST WASHINGTON — Treasury Secretary Henry Paulson said today that any federal aid to automakers must help ensure their “viability.” The Bush administration is resisting emergency loans to the auto industry. In a [...]
Wednesday, November 12, 2008 Manny Lopez Commentary: Activists attack auto aid Environmental activists smell blood in the water. And why not? Last year they were successful at getting Congress to act on their behalf and increase the Corporate Average Fuel Economy guidelines, despite those regulations having done nothing in 30 years to save fuel. Now [...]
Wednesday, November 12, 2008 Report: GM may up stake in Chinese joint venture Associated Press SHANGHAI, China — General Motors Corp. plans to increase its stake in its thriving joint venture with Chinese automakers SAIC and Wuling Automobile, media reports said Wednesday, citing a senior SAIC executive. Spokesmen for GM and partners SAIC and Wuling [...]
Wednesday, November 12, 2008 Big 3 woes imperil Japanese Collapse of U.S. automaker would disrupt Toyota, Nissan, Honda because they share parts suppliers. Christine Tierney and Alisa Priddle / The Detroit News Japan’s leading automakers are beating Detroit’s Big Three in the plunging U.S. auto market, but they would sustain enormous damage if one of [...]
Wednesday, November 12, 2008 Pelosi pushes fast auto aid House may vote next week to free up funds for ailing Big 3 Deb Price and David Shepardson / Detroit News Washington Bureau WASHINGTON — House Speaker Nancy Pelosi said Tuesday she wants a quick vote next week to allow the troubled domestic auto industry to [...]
Lawmakers prepare industry-aid bills for lame-duck session Pelosi to call for ‘emergency and limited financial assistance’ queryvar=”lawmakers,prepare,industry-aid,bills,for,lame-duck,session”; 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 [...]
