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. [...]
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 [...]
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 [...]
GM to submit ‘progress report’ to U.S. Tuesday UAW being offered preferred stock for VEBA liability, CNBC reports queryvar=”gm,to,submit,progress,report,to,us,tuesday”; 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. [...]
Obama’s task force to announce plans for GM, Chrysler on Monday queryvar=”obama’s,task,force,to,announce,plans,for,gm,chrysler,on,monday”; 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 [...]
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 [...]
