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 [...]
