The News Review:
- Chrysler Renews GM Merger Idea in Plan to bama Panel
- Auto briefs
- Group 1 cuts orders costs as US auto sales slide
- Thailand Mulls Ways To Aid Auto Sector GM’s Thai perations – Min
Chrysler Renews GM Merger Idea in Plan to bama Panel
Bloomberg -
that both sides have labeled dead. Chrysler propped up like GM with federal aid issuggesting a new appraisal of a tie-up in hopes that the autopanel meeting for the first time today might force a ?shotgunmarriage? said. ?I can?t imagine GM doing that without being forced intoit by the government but that?s a possibility? said.
Auto briefs
DetNews.com MI -
vehicle dealership closures a record in ’08U. auto dealerships closed in record numbers in 2008 as car and truck sales slumped according to a study by consultant Urban Science. The shutdowns totaled 881 with most coming in the fourth quarter Urban Science of Detroit said Thursday. There were 20084 U. dealers at years end the firm said.
Group 1 cuts orders costs as US auto sales slide
Reuters -
auto dealership group posted a fourth-quarterloss and said it would cut jobs and orders and suspendexpansion plans and its dividend to save cash. Group 1 Automotive Chief Executive Earl Hesterberg said thedealership group planned to cut 5000 to 6000 new vehiclesfrom its inventory in the current quarter by reducing ordersfrom brands like Toyota Honda Nissan and Ford. That would represent a 27 percent cut in the autoretailer’s inventory and comes at a time when U. auto salesare near their lowest level in three decades.
Thailand Mulls Ways To Aid Auto Sector GM’s Thai perations – Min
CNNMoney.com -
(GM) Finance Minister Korn Chatikavanij said Friday. The Thai government is aiming to provide assistance to the local autoindustry including parts producers not just for any one company said Korn. He didn’t elaborate on what sort of aid the government is contemplating tohelp shore up the domestic auto industry. The Thai unit of General Motors said Wednesday it is seeking the Thaigovernment’s support to facilitate funding for its investment in a THB15 billion($426 million) diesel-engine and one-ton pickup project.
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