Saturday, June 6, 2009
Michigan reps seek answers on GM closures
Gordon Trowbridge and David Shepardson / Detroit News Washington Bureau
Washington — Michigan’s congressional delegation, stung this week by news of new General Motors Corp. plant closings, asked Friday for a meeting with CEO Fritz Henderson amid word that the automaker would delay closing a Massachusetts parts [...]
Saturday, June 6, 2009
Analysts: Penske could give Saturn the life that General Motors couldn’t
Robert Snell / The Detroit News
Detroit auto icon Roger Penske could succeed where General Motors Corp. failed by giving Saturn attention and resources that were inconsistently doled out after GM launched the brand in 1985.
Penske also will save huge overhead costs by [...]
June 6, 2009
GM’s Spring Hill workers await word on production
By BILL POOVEY
ASSOCIATED PRESS
SPRING HILL, Tenn. — Two decades after General Motors Corp. launched Saturn as its import-fighting, small car division in Tennessee, GM has 2,500 workers at the Spring Hill assembly plant sweating, worried they might not get the call when the next experiment [...]
The New GM – a first look
By: Martin Kahl, Friday, June 05, 2009, AutomotiveWorld.com
It is perhaps fitting that GM has chosen to retain Detroit’s Renaissance Center as the headquarters for its rebirth as the New GM. The New GM is expected to emerge from the wreckage of the old company (which will remain in [...]
GM Paid Advisers AlixPartners, Evercore $62.2 Million
By Christopher Scinta
June 4 (Bloomberg) — General Motors Corp. paid financial advisers AlixPartners LLP $38.1 million and Evercore Partners Inc. $24.1 million in fees before filing bankruptcy this week.
The automaker, based in Detroit, will owe investment boutique Evercore another $13 million if it closes the planned sale of [...]
June 7, 2009
GM still likes TN business climate
By Matt Kisber
The largest industrial bankruptcy filing in U.S. history came as little surprise, but its impact on Tennessee caused concern.
General Motors announced the closing of 14 facilities around the country and the idling of three assembly plants, including Spring Hill. Beginning in November, the Chevrolet Traverse [...]
June 7, 2009
Spring Hill will draw on strength
By Michael Dinwiddie
GM is scheduled to be idled in November. There it is — a fact. Let’s not tiptoe around it. Let’s meet it head-on.
Let’s not allow ourselves to be paralyzed with fear or mired down in depression. Now is not the time for demoralizing self-pity. Now [...]
