07.26.2009 30 Senators, 264 House Members Sponsor Bill To Reopen GM/Chrysler Dealers Czar Nicholas II of Russia Car Czar Consulting says: As Yogi Berra might say: It ain’t over, till it’s over. Sen. Majority Leader Reid isn’t too anxious to bring this bill up for consideration. Neither is the White House who thought they had [...]
Germany Asserts Right to Veto GM Pick for Opel Buyer By Tony Czuczka and Andreas Cremer July 29 (Bloomberg) — Germany’s government asserted its right to reject any buyer for General Motors Co.’s Opel unit, increasing the risk of trans-Atlantic friction as Chancellor Angela Merkel seeks to protect jobs before September [...]
In Defense of . . . the United Auto Workers (UAW) By Tony Sterbenc July 28, 2009
Thursday, July 30, 2009 Delphi to drop pensions David Shepardson / Detroit News Washington Bureau New York — A U.S. bankruptcy judge gave Delphi Corp. the go-ahead to abandon its pension obligations, bringing the supplier another step closer to exiting bankruptcy. The Troy-based auto supplier was poised to win approval from a bankruptcy court judge [...]
Lindsay Chappell Automotive News | July 30, 2009 – 3:27 pm EST Saturns from Renault? C’est possible queryvar=”saturns,from,renault?,c’est,possible”; French automaker Renault SA could become a source for Saturn vehicles and parts for the brand’s proposed new owner, U.S. auto magnate Roger Penske. Renault confirms that it has been approached by Penske, chairman of [...]
Automotive News | July 30, 2009 – 8:52 pm EST U.S. to suspend ‘guzzlers’ program, sources say queryvar=”us,to,suspend,guzzlers,program,sources,say”; WASHINGTON (Reuters) –The Obama administration will suspend a $1 billion program intended to spur U.S. auto sales after it surprisingly approached its funding limit after only a few days, government and industry sources said. The [...]
July 28, 2009 U.S. to sell GM stake in stages Adviser: Aim is to get taxpayers repaid BY GREG GARDNER FREE PRESS BUSINESS WRITER The government will not sell its entire 61% stake in General Motors Co. all at once next year when it begins to return the company to public investors, the head of [...]
July 28, 2009 Auto hearing takes some strange turns BY TOM WALSH FREE PRESS COLUMNIST Just as it is not appetizing to watch the act of sausage being made, it is not pretty to witness either a bankruptcy process or a congressional body in action. On Monday at Wayne State University, it was with some [...]
July 29, 2009 Delphi to ask judge for OK to sell assets Lenders to forgive $3.4 billion in loans BY JEWEL GOPWANI FREE PRESS BUSINESS WRITER In what could be the final step in Delphi Corp.’s nearly 4-year-old bankruptcy case, the Troy-based auto supplier is slated to ask a bankruptcy judge today for permission to [...]
Tuesday, July 28, 2009 Daniel Howes Chrysler, GM battle for future In the annals of meaningless political gestures, few could top that of a Texas Republican coming to Detroit and complaining about the United Auto Workers. That the best you can do, congressman? Rep. Jeb Hensarling is the lone lawmaker on the Congressional Oversight Panel, [...]
Sunday, July 26, 2009 July selling rate bodes well for ’09 auto sales Christine Tierney and Bryce G. Hoffman / The Detroit News U.S. auto sales have gathered pace this month, bolstering expectations that the auto market is starting to recover from 25-year lows in the first half of the year. Several forecasters predict that [...]
July 26, 2009 Detroit 3 headlines: Ford adjusts UAW health care deal STAFF AND NEWS SERVICES Ford adjusts UAW health care deal Ford Motor Co. said Thursday it reached a new agreement with the UAW on how it can meet its obligations for a retiree health care trust fund. Ford must pay $13.1 billion into [...]
July 26, 2009 For GM, big dreams depend on small cars Experts: GM must reverse history, make models consumers want BY MARK PHELAN FREE PRESS AUTO CRITIC Can General Motors Co. build a first-rate small car in America and make money selling it? Forty years of history says no, but the automaker’s fate — and [...]
July 26, 2009 GM’s U.S. small-car lineup today and tomorrow Current models New vehicles, 2010-12 Name Type Assembly site 2008 sales Name Type Assembly site Chevrolet Aveo Subcompact Lordstown, Ohio 188,045 Chevrolet Aveo replacement Subcompact Orion Chevrolet HHR Compact Ramos Arizpe, Mexico 96,053 Chevrolet Cruze Compact Lordstown, Ohio Pontiac [...]
Saturday, July 25, 2009 GM aims to cut 21,000 workers Buyout deadline was Friday; results expected next week Robert Snell / The Detroit News Hourly workers faced a deadline Friday to accept buyout and early retirement offers from General Motors Co. that could help the automaker thin its work force, cut labor costs and clear [...]
