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 [...]
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 [...]
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 [...]
Obama backs demand for auto industry plan – aide queryvar=”obama,backs,demand,for,auto,industry,plan,-,aide”; 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 [...]
Democrats outline conditions for Detroit 3 aid queryvar=”democrats,outline,conditions,for,detroit,3,aid”; 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 [...]
Report: GM directors’ options include bankruptcy filing queryvar=”report:,gm,directors,options,include,bankruptcy,filing”; 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 [...]
