January 21, 2009 Chrysler-Fiat deal will face close federal scrutiny, Corker says FREE PRESS STAFF In an interview with the Wall Street Journal about the proposed Chrysler-Fiat deal, Sen. Bob Corker, R-Tenn., who has been a tough critic of Detroit’s automakers, suggested that the deal would be closely scrutinized by federal authorities. Giving more loans [...]
January 21, 2009 UAW expects Big 3 to meet with Obama soon BY JEWEL GOPWANI FREE PRESS BUSINESS WRITER UAW President Ron Gettelfinger tonight said that U.S. President Barack Obama, who was sworn into office on Tuesday, would likely be meeting with the chief executives of the Detroit Three automakers soon. “He knows and we [...]
Wednesday, January 21, 2009 GM gets $5.4B loan from Treasury Robert Snell / The Detroit News General Motors Corp. today received a $5.4 billion loan from the U.S. Treasury Department, the second installment of up to $13.4 billion in aid the government has approved for the company to help it avoid running out of cash. [...]
Chrissie Thompson Automotive News | January 21, 2009 – 9:04 am EST GM’s sales fall, ending claim as world’s largest automaker queryvar=”gms,sales,fall,ending,claim,as,worlds,largest,automaker”; General Motors said its worldwide sales fell 10.8 percent in 2008, ending its 77-year claim as the world’s largest automaker. GM sold 8.36 million vehicles last year, putting it about [...]
David Barkholz Automotive News | January 21, 2009 – 7:19 pm EST UAW won’t take wage concessions queryvar=”uaw,wont,take,wage,concessions”; UAW President Ron Gettelfinger DETROIT — UAW President Ron Gettelfinger said here today that the union didn’t intend to make wage concessions as part of federal bailout provisions being demanded of General Motors and [...]
Wednesday, January 21, 2009 Daniel Howes: Commentary No-cash deal may only buy Chrysler reprieve The Italians are paying nothing — no cash, no shares in Fiat SpA, no magnanimous offers to assume debt — for a 35 percent stake in Chrysler LLC. Tells you everything you need to know. This is as sad as it [...]
Wednesday, January 21, 2009 Manny Lopez: Detroit auto show Big 3 debuts still turn heads despite cutbacks DETROIT — There was no look of despair on the faces of the Chrysler design team as they took pictures next to a concept sedan that surprised many among the international media when the car was unveiled last [...]
Automotive News | January 20, 2009 – 2:00 pm EST GM to spend $30 mln on Volt battery plant queryvar=”gm,to,spend,$30,mln,on,volt,battery,plant”; DETROIT (Reuters) — General Motors will invest $30 million in its planned U.S. plant that will build next-generation batteries for its all-electric Chevrolet Volt, the head of GM’s flagship Chevrolet brand [...]
GM expects to get second part of federal loan this week queryvar=”gm,expects,to,get,second,part,of,federal,loan,this,week”; Jamie LaReau Automotive News | January 20, 2009 – 5:24 pm EST DETROIT — General Motors says complicated paperwork is the reason it has not received the second installment of the low-interest federal loan it was due to receive on [...]
