Cities criticize auto task force
The News Review:
- Cities criticize auto task force
- In US Steps Toward Industrial Policy in Autos
- Act fast or lose auto show NAIAS official tells panel
- Full Speed Ahead on bama’s New Auto Rules?
- GM says no agreement with UAW on VEBA
- SUSAN TMPR Agency: Auto pensions underfunded by $77 billion
Cities criticize auto task force
akland Press
President Barack bama’s auto task force is under siege for signing off on plant closings as it moves to restructure Chrysler LLC and General Motors Corp. Unhappy municipal officials among them the Auburn Hills City Manager Peter Auger carried the fight to Capitol Hill where they held a “teach-in” on the impact of plant closings on individual communities. Auger was joined by mayors from Lansing and Bay City as well as from hio cities and Spring Hill Tenn. where a GM assembly plant is threatened with shutdown.
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In US Steps Toward Industrial Policy in Autos
New York Times
and Alan Mulally of Ford at the White House on Tuesday. Even so the scale of the government investment and control — especially by the auto task force now vetting plans at.
Act fast or lose auto show NAIAS official tells panel
Detroit Free Press
“ur fate is in your hands” he told members of the Senate Commerce Committee at a hearing on legislation to create a regional authority to update and run the Cobo Center in Detroit or — if that concept is once again rejected by Detroit City Council — move the show to Novi. Fox said the top priority of the Detroit Auto Dealers Association which hosts the show is to maintain its status as the pre-eminent auto show in North America. But a close second is to keep it in Michigan preferably Detroit he said. No one from the City of Detroit or Wayne County appeared to testify at the hearing. Initial reaction to the legislation introduced Tuesday in the Republican-controlled Senate from the city and its representatives ranged from tepid to hostile.
Full Speed Ahead on bama’s New Auto Rules?
FXNews
GRETA VAN SUSTEREN FX NEWS HST: President bama makes another aggressive move calling for all cars sold in the United States to get an average of 35. 5 miles per gallon by 2016. The president met with auto industry executives today including Jim Lentz president of Toyota motor sales in the USA. Earlier Jim Lentz went “n the Record. (BEGIN VIDETAPE) VAN SUSTEREN: Mr. Lentz thank you very much for joining us. JIM LENTZ PRESIDENT TYTA MTR SALES USA: Thank you Greta my pleasure.
GM says no agreement with UAW on VEBA
MarketWatch
It has also been unable to reach a deal on the percentage of outstanding GM common shares to be issued to the new VEBA as a part of the modification process GM said. VEBA is the company’s health-care trust for retirees.
SUSAN TMPR Agency: Auto pensions underfunded by $77 billion
Detroit Free Press
the federal agency that protects basic pension benefits of private-sector pension plans said today that pensions in the auto industry are underfunded by about $77 billion. The estimate is wide-ranging because it covers auto manufacturers and suppliers that offer pension plans and remain vulnerable in the economic downturn. The PBGC said today that it estimates that about $42 billion of the underfunded benefits in the auto industry would be guaranteed in the event of plan termination. Vince Snowbarger acting director of the PBGC noted in an interview earlier this month that Chrysler LLC and General Motors Corp. are not currently expected to terminate their pension plans.
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