Uncertainty worries workers at Spring Hill GM plant Posted: var wn_last_ed_date = getLEDate(“Mar30, 2009 6:09 PM EST”); document.write(wn_last_ed_date); March 30, 2009 05:09 PM CDT President Obama said no Monday to loaning billions more to two of the three big auto makers. GM and Chrysler were seeking more than $21 billion to keep their assembly lines [...]
Tuesday, March 31, 2009 GM must cut deal with bondholders Obama warns of high debt risk if carmaker files for bankruptcy Robert Snell / The Detroit News General Motors Corp. CEO Rick Wagoner may have lost his job, but the Obama administration Monday warned bondholders they risk losing much more, namely billions in debt payments [...]
Tuesday, March 31, 2009 GM, Chrysler in crisis Feds: Bankruptcy may be best option David Shepardson and Gordon Trowbridge / Detroit News Washington Bureau Washington — President Barack Obama asserted sweeping control over the fate of General Motors Corp. and Chrysler LLC on Monday, grimly warning they may be forced into a short-term bankruptcy in [...]
Tuesday, March 31, 2009 Daniel Howes Commentary: Obama effectively becomes CEO-in-chief President Obama says he wants to save America’s auto industry. He says General Motors Corp., under a new CEO, has 60 days to sharpen its restructuring or submit to bankruptcy. He’s giving Chrysler LLC 30 days to complete an alliance with Fiat SpA of [...]
Tuesday, March 31, 2009 Obama picks ex-deputy Labor secretary to be auto industry point man Former MSU professor will monitor GM and Chrysler restructuring Gordon Trowbridge / Detroit News Washington Bureau Washington — The Obama administration’s point man for bringing aid to battered auto industry communities is a wide-ranging academic with a sensitivity to the [...]
