Chrysler GM should reimburse auto dealers
The News Review:
- Chrysler GM should reimburse auto dealers
- Probe clouds star turn for auto negotiator Rattner
- AUTS: GM backs sale of Delphi assets
- GM workers in Tenn. want to go ’small’ again
Chrysler GM should reimburse auto dealers
Bizjournals.com
Bob Corker R-Chattanooga introduced the Auto Dealers Assistance Amendment Thursday in the Senate Banking Committee. The amendment would also give dealerships 180 days to wind down their operations. “We continue to receive assurances from Chrysler and GM that their dealers across Tennessee and across our country will be treated fairly” Corker said in a statement. “We filed this amendment to apply pressure on the automakers to keep their word to rejected dealerships and fully reimburse them for their inventories of vehicles and parts. “We hope Chrysler and GM will take these appropriate actions and make this amendment unnecessary.
Related from Bloggingrssmonster: Live Blogging: Dealers Get Their Day In Court
Probe clouds star turn for auto negotiator Rattner
The Associated Press
CARUS – 6 hours ago NEW YRK (AP) — Steven Rattner had but one assignment when the president brought him to Washington in February. But it was a big one: Save the American auto industry. The job has consumed the 56-year-old investment banker. Working long days out of a basement office in the Treasury the task force Rattner leads with former steelworkers official Ron Bloom has orchestrated near-complete overhauls of two of the nation’s most storied companies General Motors Corp. The stakes are high but so is the potential prize.
AUTS: GM backs sale of Delphi assets
Detroit Free Press
com | Detroit Free Press. which tried to spin off its parts subsidiary Delphi Corp. in 1999 now is not only buying back some of the supplier’s operations but it is one of the main investors backing a deal that allows a Los Angeles-based private equity firm to acquire most of Delphi’s operations.
GM workers in Tenn. want to go ’small’ again
The Associated Press
The separation was short-lived though and GM soon absorbed leadership of Saturn back into its headquarters. Just two years ago after GM made a failed attempt to go upscale with bigger Saturns the Spring Hill plant about 40 miles south of Nashville lost the brand. GM announced Friday that is selling the Saturn brand to auto racing titan Roger Penske’s Penske Automotive Group Inc. which plans to continue selling GM-made vehicles but eventually partner with foreign carmakers. Since a $600 million overhaul of the Spring Hill plant spurred partly by state tax credits workers there have been building the eight-seat Chevrolet Traverse. GM’s cost-cutting plan announced Monday as it filed for bankruptcy protection identifies Spring Hill and rion as plants to be put on standby next fall with Traverse production moving to Lansing Mich.
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