Archive for January 14th, 2009
Big 3 critic turns into showstopper
Wednesday, January 14, 2009 Big 3 critic turns into showstopper At Cobo, Corker maintains that Chrysler can’t make it on own David Shepardson and Louis Aguilar / The Detroit News DETROIT — U.S. Sen. Bob Corker entered the lion’s den Tuesday — the floor of the North American International Auto Show — and refused to [...]
UAW rallies for wages
Wednesday, January 14, 2009 UAW rallies for wages Workers seek benefit, pay changes Louis Aguilar and Christina stolarz / The Detroit News WARREN – More than 250 supporters of the United Auto Workers rallied here Tuesday, one of the many Michigan communities that would be slammed to the core if one of Detroit’s Big Three [...]
Economist sees modified bankruptcy ahead for GM
Economist sees modified bankruptcy ahead for GM queryvar=”economist,sees,modified,bankruptcy,ahead,for,gm”; Jesse Snyder Automotive News | January 13, 2009 – 10:15 am EST DETROIT — General Motors is likely to need a modified version of bankruptcy to restructure the last part of its debt, says Deutsche Bank Managing Director Rod Lache. "The chances are greater [...]
Wagoner: GM will assess need for additional bailout funds
Wagoner: GM will assess need for additional bailout funds NADA will push for tax writeoffs on auto loan interest queryvar=”wagoner:,gm,will,assess,need,for,additional,bailout,funds”; Richard Truett Automotive News | January 13, 2009 – 10:47 pm EST ENLARGE GM CEO Rick Wagoner, UAW President Ron Gettelfinger, Ford CEO Alan Mulally and Chrysler CEO Bob Nardelli on Capitol Hill. [...]
Chrysler rules out sale of individual brands
Chrysler rules out sale of individual brands queryvar=”chrysler,rules,out,sale,of,individual,brands”; Automotive News | January 14, 2009 – 9:30 am EST Tom LaSorda DETROIT (Reuters) — Chrysler LLC President Tom LaSorda today said the No. 3 U.S. automaker would not sell an individual brand like Jeep but said it would pursue deals to sell off [...]
Cash-strapped GM pulls out of Tokyo auto show
Cash-strapped GM pulls out of Tokyo auto show Japanese media report Chrysler and Ford also will pull out queryvar=”cash-strapped,gm,pulls,out,of,tokyo,auto,show”; Hans Greimel Automotive News | January 14, 2009 – 10:17 am EST TOKYO — General Motors has pulled out of this year’s Tokyo auto show to cut costs. Exhibiting in the show, which [...]