March 16, 2009 Obama auto task force: Bankruptcy not goal By Justin Hyde Free Press Washington Staff WASHINGTON – The lead adviser to President Barack Obama’s automotive task force said today that bankruptcy was “not our goal” for the automakers, and indicated the panel wanted to aid auto suppliers facing imminent collapse. In an interview [...]
March 17, 2009 Auto news briefs: GM to idle Orion plant FREE PRESS NEWS SERVICES GM to idle Orion plant General Motors Corp. will temporarily close a midsize-car factory near Pontiac for three weeks because of lower demand for its products, a company spokesman said Monday. GM’s Orion Township plant, which makes the Pontiac G6 [...]
Tuesday, March 17, 2009 Car team warns fed aid has limit Rattner tells The News that Fiat, Chrysler decision is up in air. David Shepardson and Gordon Trowbridge / Detroit News Washington Bureau WASHINGTON — A top adviser to the Obama administration’s auto task force warned that the government won’t provide indefinite financial support to [...]
GM bondholders present plan for out-of-court restructuring Details of the plan not disclosed queryvar=”gm,bondholders,present,plan,for,out-of-court,restructuring”; Automotive News | March 16, 2009 – 9:00 pm EST DETROIT (Reuters) — Advisers to General Motors’ bondholders said today they have presented a framework plan to President Barack Obama’s autos task force and the company that provides GM’s [...]
