Corker worries TN plant could be targeted Gannett By Bill Theobald, Gannett Washington Bureau Sen. Bob Corker said Monday that the Obama administration is making a "power grab” in directing the makeover of General Motors, and he wants to make sure it doesn’t close GM’s Spring Hill plant for political reasons. "Certainly, I’m laying [...]
Monday, March 30, 2009 Japanese automakers worry about GM, Chrysler Yuri Kageyama / Associated Press Tokyo– Japanese automakers reacted with anxiety to news that ailing U.S. automakers General Motors and Chrysler had failed to submit acceptable plans to receive more government money, increasing the odds they may have to file for bankruptcy protection. The news [...]
Monday, March 30, 2009 Daniel Howes Wagoner takes the fall for GM Auto task force’s close look at company leads to decision that management is to blame As soon as President Barack Obama began using the words "failed management" in connection with the prospect of more federal aid for General Motors Corp., CEO Rick Wagoner’s [...]
Monday, March 30, 2009 Feds to take hands-on role in GM, Chrysler restructuring David Shepardson / Detroit News Washington Bureau Washington — The Obama administration will take a much more hands-on role in the restructuring of General Motors Corp. and Chrysler LLC, providing both with short-term aid but insisting on and overseeing immediate dramatic changes. [...]
GM’s Wagoner quits under U.S. pressure as 2nd bailout nears Henderson is CEO, Northrop’s Kresa interim chairman queryvar=”gms,wagoner,quits,under,us,pressure,as,2nd,bailout,nears”; Automotive News | March 30, 2009 – 12:01 am EST WASHINGTON (Reuters) — General Motors CEO Rick Wagoner has resigned under pressure from the Obama administration as the government prepares to announce today a second [...]
