November 23, 2008
If I had the floor at the auto rescue talks
BY MITCH ALBOM
FREE PRESS COLUMNIST
OK. It’s a fantasy. But if I had five minutes in front of Congress last week, here’s what I would’ve said:
Good morning. First of all, before you ask, I flew commercial. Northwest Airlines. Had a bag of peanuts for [...]
GM board: Bankruptcy not the answer
Tom Krisher / Associated Press
DETROIT — General Motors Corp.’s board of directors does not consider bankruptcy protection a viable option to solve the company’s financial troubles, but it has discussed Chapter 11 because it has a legal duty to do so, a spokesman said Saturday.
Century-old GM, an icon of American [...]
Sunday, November 23, 2008
Auto help available, but depends on plan
David Shepardson / Detroit News Washington Bureau
WASHINGTON — President-elect Barack Obama’s advisers said Sunday automakers must convince Congress that they have a plan to return to profitability before they can get $25 billion in emergency bridge loans — and that they should fly commercial.
"(Obama) said from [...]
Obama backs demand for auto industry plan – aide
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Automotive News
November 23, 2008 – 3:00 pm ET
WASHINGTON (Reuters) — President-elect Barack Obama backs congressional demands that U.S. automakers provide a game plan for long-term survival before lawmakers approve a taxpayer funded bailout, a senior adviser said today.
"We all have a stake in the survival and [...]
Democrats outline conditions for Detroit 3 aid
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Harry Stoffer
Automotive News
November 21, 2008 – 12:35 pm ET
WASHINGTON — Democratic leaders of Congress have sent a letter to the Detroit 3, spelling out what they want to see in plans the companies must file before lawmakers will consider emergency loans.
House Speaker Nancy Pelosi, D-Calif., said the [...]
Report: GM directors’ options include bankruptcy filing
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Richard Truett
Automotive News | November 22, 2008 – 12:23 am EST
General Motors directors are considering a Chapter 11 bankruptcy filing, the Wall Street Journal and Detroit television stations reported.
According to local TV reports, GM’s board was meeting late Friday night in the company’s downtown Detroit headquarters and had [...]
