The News Review:
- GM Reaches Tentative Deal With Canadian Auto Workers
- Top Republicans Call for GM to Declare Bankruptcy
- Auto supplier Tenneco receives contracts for $65M
GM Reaches Tentative Deal With Canadian Auto Workers
Wall Street Journal
–>GM Reaches Tentative Deal With Canadian Auto Workers ArticleCommentsmore in. a move that clears the way for the struggling auto maker secure loans from the Canadian government. The CAW was left with few options after GM warned it might cease operations in Canada without union givebacks. The Canadian government said it wouldn’t consider giving state aid until the union agreed to concessions.
Related from Tianjigh: Sunoco averts Pa. refinery strike with labor deals
Top Republicans Call for GM to Declare Bankruptcy
FXNews
the union-management contracts and come out of it a stronger better leaner more competitive automotive industry” McCain told “FX News Sunday. “House Republican leader John Boehner said the nation’s largest auto company must demonstrate a viable and long-term business plan if it wants more federal money. Thaddeus McCotter R-Mich. told FX News on Sunday that he disagrees with sending the auto companies into bankruptcy calling it a “shallow approach” to dealing with a failure that would affect hundreds of thousands of workers. “If GM and Chrysler are allowed to go in bankruptcy they will not come out” McCotter said.
Auto supplier Tenneco receives contracts for $65M
Forbes
which develops emission control and ride-control products said Monday it received $65 million in new-business contracts with Japanese original-equipment manufacturers in 2008. The deals include contracts with four Japanese manufacturers and allow Tenneco to supply parts to 13 different vehicle platforms in nine countries.