Posts Tagged ‘Auto Industry’

GM Finance Arm to Get Fresh Bailout

by  

No Comments | Share/Save

Published in The Wall Street Journal May 21, 2009 by Neil King, Jr. and Deborah Solomon

The Treasury Department is poised to inject more than $7 billion into the first installment of a new government aid package that could reach $14 billion, according to people familiar with the matter. As a result of the move, the government within months could end up owning both GMAC and General Motors Corp.

Link to full article.

Read Grahall’s Michael Dennis Graham’s Expert Perspective on this subject.

Filed under: Newsfeeds



Chrysler says survival in Canada depends on union

by  

No Comments | Share/Save

Published in Reuters on April 17, 2009

Chrysler Corp.’s manufacturing operations in Canada will not  survive in the long term without significant concessions from the Canadian Auto Workers union, the company said in a letter to employees on Friday.

Link to full article

Filed under: Newsfeeds