March 28, 2009
Obama readies auto aid; GM bondholders get offer
BY TIM HIGGINS and JUSTIN HYDE
FREE PRESS BUSINESS WRITERS
After briefings with President Barack Obama this week, his auto task force met Friday, "winding down the decisions that have to be made" about the U.S. auto industry, White House spokesman Robert Gibbs said.
Obama is to unveil [...]
Saturday, March 28, 2009
Auto aid to come with more strings
Obama to announce bailout plan Monday; GM execs briefed as task force works through weekend.
David Shepardson / Detroit News Washington Bureau
WASHINGTON — President Barack Obama will offer his long-awaited assessment of the viability of struggling General Motors Corp. and Chrysler LLC on Monday, when he is [...]
Saturday, March 28, 2009
More Bowling Green GM workers take buyouts
Associated Press
BOWLING GREEN, Ky. — More General Motors Corp. workers will soon be absent from the company’s Bowling Green Assembly Plant.
Sixty-eight employees there recently accepted a company buyout package, including local UAW president Eldon Renaud.
He has worked for GM since 1968 and tells the Bowling Green [...]
GM to submit ‘progress report’ to U.S. Tuesday
UAW being offered preferred stock for VEBA liability, CNBC reports
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Jamie LaReau
Automotive News | March 27, 2009 – 3:07 pm EST
DETROIT — General Motors executives are hammering out what will be the company’s third survival report, to be submitted to the U.S. government next week.
[...]
Obama’s task force to announce plans for GM, Chrysler on Monday
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Automotive News | March 28, 2009 – 12:01 am EST
WASHINGTON/DETROIT (Reuters) — President Barack Obama will announce the next steps to help General Motors and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its [...]
Extra3/27/2009 12:01 AM ET
Kill ‘bad GM’ so ‘good GM’ can live?
A proposal to split the automaker in two could save brands such as Cadillac and Chevrolet while letting a bankruptcy court liquidate Hummer, Saturn and other assets.
[Related content: GM, economy, manufacturing, jobs, cars]
By BusinessWeek
General Motors (GM, news, msgs) executives and Treasury Department officials [...]
