The News Review:
- MRNING AUT REPRT GM unlikely to meet March 31 restructuring
- Auto rescue details coming; gm’s debt-deal deadline looms
- Johnson Controls To Close 10 Plants; Cuts Auto utlook
- GM Continues Rally n 7500 Buyouts; Hopes For More Govt Aid
- Red River continues to recede…More auto bailout money… | KXNet …
- Credit crunch: Auto dealerships struggle close as ‘floorplan …
MRNING AUT REPRT GM unlikely to meet March 31 restructuring
Detroit Free Press
com and other Web sites. Check back for updates throughout the morning. Follow the Morning Auto Report on.
Auto rescue details coming; gm’s debt-deal deadline looms
Detroit Free Press
“If the administration’s auto task force is unhappy with GM’s and Chrysler’s plans and progress the government loans could be called and the companies would likely collapse. However the administration has signaled that is not likely to happen. President Barack bama is expected to announce Monday a plan to aid the auto industry. Administration officials have indicated that the plan could include deadlines and conditions that GM and Chrysler which are seeking an additional $21. 6 billion would have to meet to receive additional aid.
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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.
Red River continues to recede…More auto bailout money… | KXNet …
Reiten Television KXMB Bismarck
com North Dakota News. continues toslowly recede today but officials are still watching dikes andlevees holding the water back. A leak on Fargo’s north side earlythis morning was repaired within hours and didn’t warrant anevacuation.
Credit crunch: Auto dealerships struggle close as ‘floorplan …
TMCnet
Well before the global financial crisis pushed auto sales off a cliff owner Caryl ‘Connor got a letter from GMAC Financial Services informing her that she had 90 days to find a new source of inventory financing for ‘Connor Chevrolet and her Hyundai dealership in ak Lawn. ‘Connor was struggling and the banks financing her customers were slow in clearing their loans making it hard for ‘Connor to pay back GMAC on time.