Wednesday, April 15, 2009 Retiree pensions are at risk Fed insurer fears auto failures David Shepardson / Detroit News Washington Bureau Washington — General Motors Corp. and Chrysler LLC retirees and employees could lose $23 billion in pension benefits if the companies terminate their retirement plans in bankruptcy, the government’s pension insurance agency warned Tuesday. [...]
Obama holds out ‘fervent hope’ for Chrysler and GM queryvar=”obama,holds,out,fervent,hope,for,chrysler,and,gm”; Automotive News | April 14, 2009 – 3:31 pm EST NEW YORK (Reuters) — U.S. President Barack Obama offered a "fervent hope" for Chrysler LLC and General Motors’ survival today as GM bondholders said completing the automaker’s restructuring outside bankruptcy has become increasingly [...]
Fiat says it could abandon Chrysler due to unions Marchionne says Fiat won’t ask for extension queryvar=”fiat,says,it,could,abandon,chrysler,due,to,unions”; Luca Ciferri Automotive News | April 15, 2009 – 2:59 am EST TURIN, Italy — Fiat S.p.A. CEO Sergio Marchionne said he is ready to abandon plans to form a partnership with Chrysler LLC unless the [...]
Investor group wants to buy Saturn, sell overseas brands GM says proposal is ‘very interesting’ queryvar=”investor,group,wants,to,buy,saturn,sell,overseas,brands”; Jamie LaReau Automotive News | April 15, 2009 – 1:54 pm EST DETROIT — An investor group called Telesto Ventures says it wants to acquire Saturn’s retail operations and provide dealers with vehicles from General Motors through [...]
