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 [...]
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 [...]
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 [...]
UAW meeting may be key to ‘successful’ task force visit queryvar=”uaw,meeting,may,be,key,to,‘successful’,task,force,visit”; 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 [...]
