Officials meet over NUMMI closure Friday, November 13, 2009 By Mark Matthews FREMONT, CA (KGO) — Auto workers at the soon to close New United Motor Manufacturing, Inc. plant in Fremont had their chance today to tell Washington what help they need. The plant is due to close next spring and Friday members of the [...]
At General Motors, Loss Reduction Is a Good Start The restructured automaker is expected to report a relatively modest third-quarter loss on Monday, with improvement in cash flow and pricing By David Welch On Monday, Nov. 16, General Motors CEO Frederick A. "Fritz" Henderson will give the company’s first update since it emerged from bankruptcy [...]
November 13, 2009 http://detnews.com/article/20091113/AUTO01/911130441 PBGC deficit climbs as government seizes Delphi pension plans DAVID SHEPARDSON Detroit News Washington Bureau Washington — The government’s pension insurer said today its deficit climbed to $21.1 billion — $10.4 billion more than last year’s record. The Pension Benefit Guaranty Corp., which insures the pensions of 44 million Americans, is [...]
November 13, 2009 http://detnews.com/article/20091113/AUTO01/911130433 GM repays $297.6 million to Germany for Opel loan ROBERT SNELL The Detroit News General Motors Co. today repaid 200 million euros ($297.6 million) in German government aid that kept its carmaker Adam Opel GmbH afloat this year. GM also said it will repay another 400 million euros ($595 million) by [...]
