GM advisers, Obama’s auto team to meet
BY TIM HIGGINS • FREE PRESS BUSINESS WRITER • March 4, 2009
Advisers to General Motors Corp.’s bondholders committee, which has been negotiating with the automaker, [...]
Thursday, March 5, 2009
GM auditors raise doubts on automaker’s viability
Robert Snell / The Detroit News
DETROIT — General Motors Corp. says there is "substantial doubt" about the company’s ability to continue as a going concern, according to a regulatory filing today.
An independent audit done by GM’s accounting firm found "our recurring losses from operations, stockholders’ deficit [...]
Blaming GM to fit Washington’s skewed view
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Edward Lapham
Automotive News | March 3, 2009 – 11:17 am EST
It isn’t obvious yet whether the Obama administration’s auto industry task force will save the world.
But one thing is clear: White House chief of Staff Rahm [...]
Automotive News | March 4, 2009 – 1:03 pm EST
Ohio supplier seeks court approval to cancel GM contracts
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CLEVELAND (Reuters) — Aluminum supplier Aleris International Inc., which filed for Chapter 11 bankruptcy last month, has sought approval from a U.S. bankruptcy court to reject four purchase contracts with General Motors, saying it was "very concerned" [...]
Toyota Reveals Limits of Great Southern Jobs Scam
(Hilarious!!! Senators Corker, Vitter, McConnell, and that SOB Shelby can all eat their heart out!!! Couldn’t happen to a more deserving company!)
Last month, Toyota made a decision that didn’t get a lot of press, but sent ripples of concern through state houses across the South.
The Japanese auto giant [...]
