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 a marker out there,” [...]
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 also weighed on [...]
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 days were numbered.
The 56-year-old [...]
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.
The administration has set [...]
GM’s Wagoner quits under U.S. pressure as 2nd bailout nears
Henderson is CEO, Northrop’s Kresa interim chairman
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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 bailout for the company and Chrysler [...]
