GM to name Dewar as Chevrolet chief in brand shake-up queryvar=”gm,to,name,dewar,as,chevrolet,chief,in,brand,shake-up”; Jamie LaReau Automotive News | July 23, 2009 – 10:53 am EST DETROIT — Brent Dewar, General Motors Co.’s European sales chief, today will be named head of Chevrolet as part of a leadership shake-up at two of the four surviving U.S. [...]
July 23, 2009 PBGC payment caps BY JEWEL GOPWANI FREE PRESS BUSINESS WRITER PBGC payment caps The government’s pension insurance agency, the PBGC, caps payments for retirees whose pensions have been transferred to the government. Here are some of the ages and payment caps. Age Maximum 65 $54,000 64 $50,220 63 $46,440 62 $42,660 61 [...]
Thursday, July 23, 2009 GM’s closing dealers get $600M David Shepardson / Detroit News Washington Bureau Washington — General Motors Co. said Wednesday it will make cash payments of nearly $600 million to the more than 1,300 dealers it plans to close by the end of next year, while Chrysler Group LLC said its future [...]
Toyota to Leave the North American Market? By menno July 22, 2009
Toyota to start talks on pulling out of JV with GM Thu Jul 23, 2009 5:54am EDT TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) will start talks to pull out of a California-based joint venture with General Motors GM.UL, a Toyota executive said on Thursday. Toyota said earlier this month [...]
Wednesday, July 22, 2009 AMERICA’S NEXT BAILOUT BEGINS: 70,000 UAW-Negotiated Pensions Dumped on U.S. Our federal government just acquired new debt on Wednesday when Delphi and General Motors dumped 70,000 (mostly) UAW workers onto the underfunded Pension Benefit Guarantee Corporation (PBGC). The PBGC, itself $33.5 Billion underfunded, will assume control of the retirees pensions [...]
July 23, 2009 Delphi’s pension shift to U.S. riles, worries retirees But GM to help keep UAW worker benefits BY JEWEL GOPWANI FREE PRESS BUSINESS WRITER Delphi Corp. retirees worried Wednesday that their income will be cut after the federal government said it will take over the supplier’s pension plans, which cover 70,000 workers and [...]
