Chrysler GM should reimburse auto dealers
The News Review:
- Chrysler GM should reimburse auto dealers
- Probe clouds star turn for auto negotiator Rattner
- CARL CAIN The real roots of the auto crisis
- AUTS: GM backs sale of Delphi assets
- Taking the Wheel of Auto Industry
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.
Probe clouds star turn for auto negotiator Rattner
The Associated Press
CARUS – 1 day 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.
CARL CAIN The real roots of the auto crisis
Detroit Free Press
com | Detroit Free Press. So too about a dozen other national reporters and anchors who have called the usually mild-mannered expert in recent weeks for his wisdom on the trials and tribulations of the Detroit Three and broader auto industry.
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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.
Taking the Wheel of Auto Industry
Philadelphia Inquirer
7 2009 Taking the Wheel of Auto Industry By Harold BrubakerInquirer Staff Writer The U. government isn’t the first to take a big stake in the auto industry during perilous economic times. Governments in France and Germany took over Renault and Volkswagen in the aftermath of World War II and still have substantial ownership of those automakers. And the British government spent billions trying to save carmaker British Leyland during the listless 1970s before it went out of business the following decade. Now as the bama administration embarks on the path of ownership already tread by Europeans officials are stressing that they did it reluctantly and that they will sell the shares – bought for $65 billion in loans and other assistance – as quickly as possible. "The government did not want to be an owner of General Motors" Ron Bloom a member of President bama’s auto task force told reporters Monday.
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