GMAC expands auto lending following government aid
 
GM announces new round of incentives to get customers ‘back in the game’
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Automotive News | December 30, 2008 – 9:00 am EST
 

 
WASHINGTON (Reuters) — GMAC today said it will immediately begin providing auto financing for more U.S. consumers, a day after agreeing to sell a $5 billion stake to [...]

Treasury extends $6 billion in aid to GMAC, GM
 

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Harry Stoffer
Automotive News | December 29, 2008 – 9:06 pm EST
 

 
WASHINGTON — The U.S. Treasury Department late today said it will commit $6 billion of taxpayer money to GMAC LLC “as part of a broader program to assist the domestic automotive industry in becoming financially viable.”
The [...]

December 29, 2008

Rescue funds for General Motors, Chrysler delayed

By Justin Hyde
Free Press Washington Staff
WASHINGTON – General Motors Corp. and Chrysler LLC will have to wait until at least Tuesday to receive the first slice of a $17.4-billion rescue from the federal government.
Under the terms of the deal reached 10 days ago, GM and Chrysler [...]

Monday, December 29, 2008
GMAC says it likely raised enough capital to meet Fed terms for bailout money
Robert Snell / The Detroit News
DETROIT — GMAC LLC, is still compiling results from a debt exchange with bondholders but the company believes it has raised enough capital to satisfy the federal government, a spokeswoman said today.
GMAC needed to [...]

Government readies first $8 billion for GM, Chrysler
 

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Harry Stoffer
Automotive News | December 29, 2008 – 2:23 pm EST
 

 
WASHINGTON — General Motors, Chrysler LLC and the government today were making final arrangements to transfer the first installments of federal emergency loans to the automakers.
“We’re making good progress finalizing the automaker loans and are committed to [...]

Ford’s success tops industry wish list

The headline jumped off the page: "Ford Fusion is hybrid champ."
Now that’s what we’re talking about, Detroit, a new model coming from the Motor City that potentially outperforms, outshines and out-greens the foreign-owned competition — and stands as an incontrovertible rebuke to the Detroit-can’t-do-it crowd in Congress and around the [...]

Saturday, December 27, 2008
Auto woes rock black work force
Louis Aguilar / The Detroit News
No community is getting hit harder than African-Americans by the loss of union auto jobs.
The dwindling number of high-paying factory jobs is chipping away at the middle-class lifestyle that auto factory work has provided for generations of black families, many of whom [...]

Automotive News | December 26, 2008 – 1:00 pm EST
 
GM sues bankrupt supplier Cadence over parts
 
Parts interruption would delay launch of Camaro, GM says
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NEW YORK (Reuters) — General Motors has filed a lawsuit against a bankrupt auto-parts supplier, saying it is holding necessary equipment "hostage" which could potentially interrupt the launch of its new [...]

GM shares up, GMAC may be eyeing $6 bln loans
 

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Automotive News | December 26, 2008 – 4:15 pm EST
 

 
DETROIT (Reuters) — Shares of General Motors jumped today after its auto finance affiliate GMAC won access to government lending programs, while analysts estimated GMAC might be seeking loans of more than $6 billion.
The Federal Reserve approved [...]

December 24, 2008

Ohio GM plant’s shutdown an emotional scene

ASSOCIATED PRESS
MORAINE, Ohio — Autoworkers slipped in hugs, photos and goodbyes during breaks at a General Motors Corp. factory that shut down Tuesday after 27 years of pumping out cars, SUVs and trucks.
It was an emotional day for the factory’s 1,080 workers, who were told in [...]

Tuesday, December 23, 2008
Daniel Howes
Commentary: America cares little about fate of Detroit’s Big Three

Forget the politicians and their calculated "rescue" of Detroit’s automakers. They won’t be the ones who save, or kill, the Big Three where it matters most — in the marketplace.
It’ll be the real people, would-be customers who decide to give General Motors [...]

Wednesday, December 24, 2008
John McCormick
Commentary: Maybe it’s time to turn the tables on the South

The unnecessarily long and painful path toward the approval of government bridging loans for General Motors Corp. and Chrysler LLC has exposed a new threat to Detroit. It’s one that Michigan consumers may want to keep in mind as they consider [...]

Wednesday, December 24, 2008
‘A pretty good run:’ After 85 years, it’s over for Wisconsin General Motor plant
Ohio factory also closes
Dinesh Ramde / Associated Press
JANESVILLE, Wis . — As the last black Tahoe rolled off the production line at General Motors Corp.’s oldest assembly plant here Tuesday, Karen Green promised herself she would keep her emotions [...]

Nardelli: Chrysler turnaround plan ‘achievable’
 

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Automotive News | December 24, 2008 – 12:01 am EST
 

Chrysler CEO Bob Nardelli

 
DETROIT (Reuters) — Chrysler LLC’s plan to return to profitability is "reasonable and achievable," CEO Bob Nardelli told the company’s employees in a memo.
Chrysler, which won a [...]

Richard Truett
Automotive News | December 23, 2008 – 1:10 pm EST
 
New Ford hybrid sedans post 41 mpg in the city
 

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ENLARGE

The 2010 Ford Fusion hybrid sedan.

 
Ford Motor Co. said today [...]