July 21, 2009 GM to Mansfield: Closure decision is final By Lou Whitmire News Journal ONTARIO — General Motors Corp.’s decision to close the Mansfield-Ontario Metal Center is final. A local meeting scheduled by GM North America vice president of manufacturing Tim Lee with the committee “Mansfield Makes Sense for the NEW GM” will take [...]

Wednesday, July 22, 2009 Delphi pension recipients face changes David Shepardson / Detroit News Washington Bureau The 70,000 Delphi workers and retirees covered by its pension plans will face a new world after the government’s insurer of pensions — the Pension Benefit Guaranty Corp. — takes over responsibility for the pension plans. Here’s what recipients [...]

Wednesday, July 22, 2009 Judge OKs GM’s move to drop Montana mine contract Associated Press Billings, Mont. — A bankruptcy judge on Wednesday granted General Motors Co.’s request to drop its precious metals contract with a Montana mining company so it can instead use cheaper foreign suppliers. Stillwater Mining Co. attorney Garry Graber said the [...]

Wednesday, July 22, 2009 Delphi to cancel pension plans; government to assume $6.25B in costs David Shepardson / Detroit News Washington Bureau Washington — The Pension Benefit Guaranty Corp. said today it will assume responsibility for the pension plans of 70,000 workers and retirees of Delphi Corp. in a move that will cost the government’s [...]