GM to name Dewar as Chevrolet chief in brand shake-up
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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. brands, two people familiar with [...]
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
$38,880
60
$35,100
59
$32,940
58
$30,780
57
$28,620
56
$26,460
55
$24,300
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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 could be in [...]
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 it may liquidate [...]
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 and, unfortunately the taxpayers [...]
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 retirees.
Many details were unclear, [...]
