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 testify, Rep. Barney [...]
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 Health, of Salt Lake [...]
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 leading labor economist said [...]
Hyundai: ‘We have no interest’ in Chrysler
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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 no interest in acquiring any company. That [...]
House supporters rally around Dingell
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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 that includes laudatory statements about the Michigan [...]
GM asks dealers to lobby for additional auto loans
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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 the matter said.
GM U.S. sales [...]
Reports say law professor is Obama car czar
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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 [...]
Paulson: Loans to automakers must ensure ‘viability’
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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 rare news conference, Paulson said publicly what [...]
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 they want any federal [...]
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 refused comment on the [...]
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 the domestic carmakers collapsed.
Toyota [...]
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 tap into the $700 [...]
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 [...]
