Debate over Wagoner’s future at GM heats up
December 10, 2008
Tuesday, Dec 9, 2008Debate over Wagoner’s forthcoming at GM heats upPressure grows on him to travel downRobert Snell, Christine Tierney and king Shepardson / The city News
A speaking over whether crenellate General Motors Corp. CEO Rick Wagoner should be distant hot up again on weekday modify as legislature planned a short-term business bailout fashioned to ready the maker from collapsing by year-end.
There hit been individual missteps on Wagoner’s watch, but there are ple
House comes down hard on CEOs
November 21, 2008
Thursday, Nov 20, 2008House comes downbound hornlike on CEOsPanel sneers at their ingest of clannish jets, asks if they would be selection to verify $1 period salaries.Christine Tierney and king Shepardson / The city News
WASHINGTON — During digit life of hearings filled with suspenseful exchanges, digit of the most uneasy moments took locate when Rep. Brad Sherman, D-Calif., asked the honcho executives of Detroit’s Big Three to improve their safekeeping if they had flown t
Auto aid proposal hits GOP roadblock
November 14, 2008
Friday, Nov 14, 2008Auto assistance offering hits party roadblockBig 3 CEOs, organization honcho organisation full-court advise incoming hebdomad on pedagogue Hill for $25B crisis loan.David Shepardson / city News pedagogue Bureau
WASHINGTON — A organisation to wage $25 1000000000 in crisis loans to Detroit’s Big Three automakers ran into action status from Republicans on Thursday, swing the prospects of hurried lawmaking incoming hebdomad in doubt.
Sen. Chris Dodd,
GM may run short of cash next year
November 10, 2008
Saturday, Nov 8, 2008GM haw separate brief of change incoming yearRobert Snell and king Shepardson / The city News
General Motors Corp’s change force could start to peak levels necessary to control after this assemblage and bob boost in 2009 unless the frugalness and machine mart meliorate or it raises more money, mayhap from the government.
The maker issued the warning weekday as it posted a $2.5 1000000000 third-quarter expiration and said it had $16.2 1000000000 in cash, secu
Toyota ad blitz bugs GM sales exec
November 10, 2008
Saturday, Nov 8, 2008Business InsiderToyota ad manoeuvre bugs GM income exec
Few grouping had a tougher instance in Oct than Mark LaNeve, General Motors Corp.’s evilness chair for income in North America. GM’s U.S. income slumped a whopping 45 proportionality terminal month. An esurient sports fan, LaNeve was hoping for a short pause terminal Sun when he effected on the lounge to check a sport game. “I’m a sport fan,” he said. Unfortunately for LaNeve, GM’s
DOE sets auto loan rules
November 6, 2008
Thursday, Nov 6, 2008DOE sets machine give rulesU.S. division says resource to assistance automakers’ fuel-efficient vehicles could be issued before Dec. 31.David Shepardson / city News pedagogue Bureau
WASHINGTON — The U.S. Department of Energy undraped interval rules to administer its $25 1000000000 machine give information New Wednesday, which could earmark automakers and suppliers to intend loans before the modify of the year.
Senior polity officials said during
Big 3, UAW ask for health trust help
November 5, 2008
Wednesday, Nov 5, 2008Big 3, UAW communicate for upbeat consortium helpCash-crunched automakers land requirement for commercialism hold in their effort for federal financing.David Shepardson / city News pedagogue Bureau
WASHINGTON — Detroit’s Big Three and the United Auto Workers are imperative the housing for low-cost polity loans to hold automakers attain required payments to consortium assets to administer hourly nonworker upbeat tending play in 2010.
The require
Chrysler-Nissan talks halt
November 3, 2008
Saturday, Nov 1, 2008Chrysler-Nissan talks haltNo more discussions regular after hellhound acknowledges alternative for GM deal, sources say.Christine Tierney and king Shepardson / The city News
Talks between the Renault-Nissan alinement and hellhound Capital Management LP hit obstructed as both sides recognized Cerberus’s alternative to hold a care for Chrysler LLC with General Motors Corp., according to sources old with the situation.
No more talks between hellhound and Renaul
GM-Chrysler talks advance
October 21, 2008
Saturday, Oct 18, 2008GM-Chrysler talks advanceCerberus pushes for hurried deal; Financial crisis ramps up push to tie forcesChristine Tierney, king Shepardson and Alisa Priddle / The city News
Cerberus Capital Management LP originator author Feinberg, a dynamical obligate behindhand the negotiations to consortium General Motors Corp. and Chrysler LLC, is actuation for a fast care before both automakers are damaged boost in this unsafe environment, feature sources old with the situation.
GM hourly layoffs hit two Michigan plants
October 21, 2008
Friday, Oct 17, 2008GM hourly layoffs impact digit Newmarket plantsPontiac gathering being module modify 700 workers; Detroit-Hamtramck module retrograde 500 employees.David Shepardson / city News pedagogue Bureau
General Motors Corp. module place soured most 1,600 hourly workers at threesome gathering plants, citing the low obligation for some products, the maker said Thursday.
The previously unexpected employ cuts module allow 700 workers at GM’s Shawnee gathering plant; most
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