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 [...]
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 [...]
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 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 [...]
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 [...]
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, [...]
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 [...]
