April 7, 2009 GM, Chrysler can’t tap into retooling loans Law bars struggling automakers, for now BY JUSTIN HYDE FREE PRESS WASHINGTON STAFF WASHINGTON — General Motors Corp. and Chrysler LLC are blocked — at least for now — from receiving any part of $25 billion in loans for retooling factories that federal officials will [...]
GM bankruptcy would expose $13.5 billion pension liability Total Detroit 3 liability estimated at $41 billion queryvar=”gm,bankruptcy,would,expose,$135,billion,pension,liability”; Barry B. Burr Automotive News | April 6, 2009 – 9:44 am EST A General Motors bankruptcy could become a nightmare for the federal government’s Pension Benefit Guaranty Corp. That’s because the automaker could dump as [...]
Automotive News | April 6, 2009 – 2:50 pm EST GM projected to be passed by VW as world’s No. 2 queryvar=”gm,projected,to,be,passed,by,vw,as,world’s,no,2″; FRANKFURT (Reuters) — General Motors will be overtaken by Volkswagen AG this year and fall to the world’s third-largest automaker by production volume, market research company R.L. Polk Germany said today. [...]
As bankruptcy looms, UAW and creditors face bigger hits queryvar=”as,bankruptcy,looms,uaw,and,creditors,face,bigger,hits”; Peter Brown Automotive News | April 6, 2009 – 12:01 am EST DETROIT — The Obama administration has demanded that General Motors get financially healthy in 60 days — or else. That demand is likely to force the UAW and the company’s unsecured [...]
