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March 28, 2009

Autos task force readies aid announcement

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The News Review:

- Autos task force readies aid announcement
- Johnson Controls To Close 10 Plants; Cuts Auto utlook
- GM Continues Rally n 7500 Buyouts; Hopes For More Govt Aid
- bama readies auto aid; GM bondholders get offer
- Advance Auto Parts Names Scott Bauhofer Senior Vice President and …
- Fiat CE pen To New Conditions n Chrysler
- Briefs | Auto racing: Rain cancels NASCAR qualifying

Autos task force readies aid announcement
Reuters
GM Chief Executive Rick Wagoner was in Washington on Friday to meet with the autos task force led by former investment banker Steve Rattner which bama has charged with overseeing emergency lending to the automakers and their suppliers. Shares of GM gained almost 6 percent and have rallied by more than 30 percent over the past 10 trading sessions amid growing confidence that officials will not push the top U. automaker into bankruptcy. A White House spokesman said the panel was in the process wrapping up about six weeks of closed-door meetings that have included industry executives analysts and others with a stake in the survival of the U.

Johnson Controls To Close 10 Plants; Cuts Auto utlook
Wall Street Journal
The company also cut its European forecast another 12% to 14. Parts makers are the best gauge to measuring the health of the.

GM Continues Rally n 7500 Buyouts; Hopes For More Govt Aid
Wall Street Journal
(GM) continued their rally Friday climbing as much as 16% on continued hopes that the bama Administration will provide further aid to auto makers. In addition investors were cheered by the auto maker’s news Thursday that 7500 employees – 12% of it U. hourly work force – took buyout or early retirement offers although that is far short of the amount the company ultimately needs.

bama readies auto aid; GM bondholders get offer
Detroit Free Press
com | Detroit Free Press. auto industry White House spokesman Robert Gibbs said.

Advance Auto Parts Names Scott Bauhofer Senior Vice President and …
FXBusiness
Bauhofer has a Bachelor of Arts degree in History from San Francisco State University in San Francisco CA. About Advance Auto Parts Headquartered in Roanoke Va. Advance Auto Parts Inc. a leading automotive aftermarket retailer of parts accessories batteries and maintenance items in the United States serves both the do-it-yourself and professional installer markets. As of January 3 2009 the Company operated 3368 stores in 40 states Puerto Rico and the Virgin Islands. Additional information about the Company employment opportunities customer services and online inventory look-up for parts and accessories can be found on the Company’s website at www.

Fiat CE pen To New Conditions n Chrysler
Wall Street Journal
Treasury is set to decide March 31 whether it will extend loans to Chrysler that the U. auto maker needs to stave.

Briefs | Auto racing: Rain cancels NASCAR qualifying
Seattle Times
Auto racingGordon to start from pole in Sunday’s Sprint Cup event: Jeff Gordon will start from the pole position in Sunday’s NASCAR Sprint Cup race at Martinsville Speedway after steady rain washed out qualifying at the Virginia track Friday. Being the points leader also earned Gordon the prime stall on the relatively cramped pit road of NASCAR’s tricky 0.
Related from Asportforumblog: Sports Briefing | Auto Racing Montreal Track Keeps Race

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