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 running in addition to the [...]
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 unless they agree to [...]
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 the coming months.
"We also [...]
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 Italy lest Detroit’s [...]
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 industry’s struggles, a colleague [...]
