The News Review:
- Fiat to Chrysler: Cut costs or we walk; Sen. Shelby spouts off
- GMFord To ffer $50 Gift Cards At Auto Show For Test Drives
- US moots taking stake in General Motors to pay off loans: WSJ
- Auto-Loan Backed $1.13B Non-TALF Eligible Deal Launched
Fiat to Chrysler: Cut costs or we walk; Sen. Shelby spouts off
Detroit Free Press
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GMFord To ffer $50 Gift Cards At Auto Show For Test Drives
Wall Street Journal
(GM) and Ford Motor Co. (F) will offer $50 gift cards to lure New York International Auto Show visitors to test drive a vehicle at a dealership as the auto makers continue offering creative incentives to combat slumping showroom traffic. Late last month both GM and Ford outlined new incentive.
US moots taking stake in General Motors to pay off loans: WSJ
RTT News
4 billion it lent General Motors Corp. The government is considering this measure as it has not been able to find outside private investors for a revamped GM the report added. The move is hoped to push the United Auto Workers union and bondholders to accept similar concessions. Interim GM Chairman Kent Kresa reportedly said the company would welcome the government’s willingness to let it pay off some of the loans with stock. However such an action could make the federal government a direct shareholder in GM for years.
Auto-Loan Backed $1.13B Non-TALF Eligible Deal Launched
Wall Street Journal
13B Non-TALF Eligible Deal Launched ArticleCommentsmore in. ) NEW YRK (Dow Jones)–An auto loan-backed deal that was increased in size to $1. 125 billion has launched according to a person familiar with the deal. The bond USAT 09-1 issued by USAA a financial-services company isn’t eligible for funding under the Federal Reserve’s.
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