UAW leader says blame economy for Detroit 3 woes By MARK WILLIAMS – 42 minutes ago COLUMBUS, Ohio (AP) — Even as Detroit’s Big Three teeter on collapse, United Auto Workers President Ron Gettelfinger said Saturday that the problem is not the union’s contract with the automakers and that getting the automakers back on their [...]
Friday, November 14, 2008 GM’s Opel seeks help from Germany Associated Press FRANKFURT, Germany — A spokesman for automaker Adam Opel GmbH, which is owned by General Motors Corp., says the company will seek help from the German government as the financial crisis grips European carmakers. Company spokesman Joerg Schrott told The Associated Press a [...]
Friday, November 14, 2008 New poll says majority of Americans support bailout for Detroit’s automakers David Shepardson / Detroit News Washington Bureau WASHINGTON — A new poll released today says a majority of Americans back giving automakers a $25 billion federal bailout — that’s in contrast two earlier polls that said Americans were skeptical or [...]
Friday, November 14, 2008 Bush backs federal aid for Big 3 without fuel strings He wants Congress to allow carmakers to use $25B in energy funds to shore up financesDems push access to $700B bailout David Shepardson / Detroit News Washington Bureau WASHINGTON — President Bush wants Congress to move quickly to grant Detroit’s Big [...]
Four automakers pull out of the 2009 Detroit Auto Show queryvar=”four,automakers,pull,out,of,the,2009,detroit,auto,show”; Ryan Beene Automotive News | November 14, 2008 – 4:34 pm EST DETROIT –Rolls Royce and Land Rover, as well as Italian sports car maker Ferrari and economy-focused automaker Suzuki, have told show officials they will not have displays at the [...]
As U.S. sales slump, Honda plans inventory cuts queryvar=”as,us,sales,slump,honda,plans,inventory,cuts”; Kevin Huang Automotive News | November 14, 2008 – 3:56 pm EST Honda CEO Takeo Fukui GUANGZHOU, China — To cope with slow sales in the United States, Honda Motor Co. is following a familiar script: reduce inventory. With smaller inventories, Honda can avoid [...]
GM, suppliers: Trapeze artists with no net queryvar=”gm,suppliers:,trapeze,artists,with,no,net”; Robert Sherefkin Automotive News | November 14, 2008 – 3:16 pm EST DETROIT — General Motors and its suppliers are performing a death-defying trapeze act. And suppliers’ insurance companies are rolling up the net. If GM files for Chapter 11 reorganization, it will drag its suppliers [...]
Lawmakers: Detroit 3 must show they got derailed ‘Dust off that old Chrysler playbook’ queryvar=”lawmakers:,detroit,3,must,show,they,got,derailed”; David Barkholz Automotive News | November 14, 2008 – 4:23 pm EST To stand a chance at a $25 billion federal rescue, the Detroit 3 CEOs must convince Congress that the companies’ restructurings have been derailed by a [...]
Bush changes course in auto aid stalemate queryvar=”bush,changes,course,in,auto,aid,stalemate”; Harry Stoffer Automotive News | November 14, 2008 – 7:31 pm EST WASHINGTON — A change of direction late this afternoon by the White House could ease the political stalemate over emergency aid to the Detroit 3. The White House is recommending that Congress revise [...]
