No Extension n Brazil Auto Tax Incentive -Finance Minister
The News Review:
- No Extension n Brazil Auto Tax Incentive -Finance Minister
- Chrysler GM should reimburse auto dealers
- MRNING AUT REPRT Targeted Chrysler dealers race to end
- Bush officials challenge bama aide account of auto restructuring
- ANG Auto Signs Mobile Tower Solutions JV Pact With TowerWorx
No Extension n Brazil Auto Tax Incentive -Finance Minister
Wall Street Journal
“The (tax break) ends this month. If you are thinking about buying a car now is.
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 Birminghamspoint: Birmingham-area GM and Chrysler dealers bracing for changes from …
MRNING AUT REPRT Targeted Chrysler dealers race to end
Detroit Free Press
By Associated Press at MSNBC. comKicking Wagoner out caused outrage shock at GMAfter Steven Rattner head of President Barack bama’s auto team told Rick Wagoner it was time for him to step down as General Motors’ chief executive Wagoner told then-Chief perating fficer Fritz Henderson and Chief Financial fficer Ray Young. Some board members were furious. “I want out” said one GM director.
Bush officials challenge bama aide account of auto restructuring
The Detroit News
“We had requested the meeting. They agreed and asked that it be held outside the White House” Hennessey wrote. “At that meeting we (the Bush team) floated a proposal to establish an auto czar. President Bush would create a new position called a Financial Viability Advisor (FVA) through an executive order. The President would instruct the FVA for any auto manufacturer that sought a ‘bridge loan’ to evaluate that firm’s restructuring plan for viability. ” Hennessey said “after 60 days (which the FVA could unilaterally extend for another 30) the firm did not have a plan to achieve viability then the FVA would produce his own plan to make that firm viable. ” The draft said it could include a Chapter 11 bankruptcy.
ANG Auto Signs Mobile Tower Solutions JV Pact With TowerWorx
Wall Street Journal
BY) Monday said it has signed a joint venture deal with U. -based TowerWorx LLC.
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