| High Hopes For Ron Bloom Ahead Of Autos Job |
Feb 18th, 2009 |
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February 17, 2009 · Ron Bloom, the man President Barack Obama is expected to name senior adviser to Treasury Secretary Timothy Geithner on the auto industry, has for the past decade advised the...
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| GM says it needs billions more by next month to stay afloat |
Feb 18th, 2009 |
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DETROIT -- General Motors Corp. will need as much as $16.6 billion in additional federal aid if market conditions worsen but could run out of money next month. GM needs $2 billion more in aid in March...
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| Chrysler seeks $9B total aid in viability plan, will cut 3,000 jobs, eliminate 3 models |
Feb 18th, 2009 |
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NEW YORK - Chrysler LLC said it needs $9 billion of total government financing and it plans to cut 3,000 jobs and eliminate three vehicle models as part of its restructuring plan submitted to the Tre...
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| GM needs up to $30 billion in aid to avoid failure |
Feb 18th, 2009 |
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All Thomson Reuters news DETROIT (Reuters) - General Motors Corp said on Tuesday it could need a total of up to $30 billion in U.S. government aid -- more than doubling its original aid -- and would r...
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| GM, Chrysler seek more aid |
Feb 18th, 2009 |
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DETROIT The U.S. auto industry needs even more help from the government to survive than originally thought. General Motors Corp. on Tuesday said it could need up to $30-billion (U.S.) from ...
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| New system turns cars into networking nodes |
Feb 18th, 2009 |
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A new radio system developed in Australia allows cars to be used as network nodes, communicating with each other on road conditions and with a head office on positioning.The Dedicated Short Range Co...
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| Honda CEO ties slump to high yen |
Feb 18th, 2009 |
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"Japan's economy cannot survive without its export industry," President Takeo Fukui said in an interview Monday in Tokyo. "If the yen stays at this strong level, it's likely the recession" will contin...
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| UAW continues talks with Detroit |
Feb 18th, 2009 |
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The United Auto Workers has reached "tentative understandings" with the Detroit Big Three on changes to the 2007 national labor contracts but talks continue over retiree health care funding. "The chan...
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| GM seeks $30 billion in total aid, plans to cut 47,000 jobs this year |
Feb 18th, 2009 |
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RASHAUN RUCKER/Detroit Free Press General Motors Chairman and CEO Rick Wagoner delivers details of the automaker's reorganization plan submitted to Washington today.
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| Obama signs $787-billion stimulus bill |
Feb 18th, 2009 |
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President Barack Obama signed the $787-billion American Recovery and Reinvestment Act of 2009 on Feb. 17. The stimulus bill includes a downsized Auto Ownership Tax Assistance plan and a controversial ...
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