March 10, 2009
Auto team’s visit gives rise to hope
Obama’s group sees firsthand challenges GM, Chrysler face
BY JUSTIN HYDE, TIM HIGGINS and JEWEL GOPWANI
FREE PRESS BUSINESS WRITERS
After weeks of hearing about Detroit’s problems, President Barack Obama’s auto task force — charged with finding a fix for the long-ailing U.S. auto industry — came Monday to [...]
Tuesday, March 10, 2009
Daniel Howes
Commentary: Suppliers driven to end of the road
Going into bankruptcy isn’t so much the problem, the senior executive at a prominent Tier One auto supplier told me. The problem is getting out.
"Banks and automotive are the two most toxic words you can say to investors," he told me, provided his identity [...]
UAW, Ford agree on new pact
Union concessions expected to save billions, provide blueprint for deals with GM, Chrysler.
Louis Aguilar / The Detroit News
The United Auto Workers at Ford Motor Co. accepted concessions to their 2007 national labor contract aimed at saving billions for the struggling automaker, and now the clock is ticking for General Motors [...]
UAW meeting may be key to ’successful’ task force visit
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Harry Stoffer
Automotive News | March 9, 2009 – 4:08 pm EST
General Motors and Chrysler LLC held show-and-tell events for a presidential task force in the Detroit area today. But a likely key to the trip’s ultimate significance was a meeting between panel members and UAW [...]
