Newsmeme!
Discover News you didn't know existed

• home
• news
• tagging
• how it works
• about
• data

American Motors

News

Automakers' recovery plan: Get small.

Published December 4, 2008, 5:52 pm, Muzi

Washington - The US auto industry - a pillar of America's industrial might for 100 years - appears headed toward the most wrenching change it has ever experienced.

Full Story

Tags

No tags found at this time. Be the first to tag this news item, learn more.

Imagery

No related imagery found.

Related American Motors Stories

From Various News Sources

Senators grill auto CEOs, eye GM-Chrysler deal - Reuters
WASHINGTON (Reuters) - The CEOs of General Motors Corp and Chrysler LLC said they would consider restarting talks about a merger during a nearly six-hour congressional grilling on the industry's pleas for $34 billion in government aid. The CEOs of GM ...

Automakers' recovery plan: Get small. - Christian Science Monitor
Reporter Peter Grier discusses the dire straits of US automakers and whether their CEOs' plans for viability will satisfy lawmakers who hold the bailout purse strings. Washington - The US auto industry ? a pillar of America's industrial might for ...

Holding all the cards - Boston Globe
"We're at a point right now where we're not desperate to improve in any one area." -- Red Sox general manager Theo Epstein, Oct. 20 That was roughly six weeks ago, just before the start of the World Series, just after the Red Sox lost to the Tampa ...

Ford CEO offers to work for $1 a year - KING-5
DETROIT -- Ford Motor Co. will tell Congress that it plans to return to a pretax profit or break even in 2011 when the Detroit Three automakers' CEOs appear before lawmakers this week to request $25 billion in government loans. Ford CEO Alan Mulally ...

Detroit's automakers to submit recovery plans to U.S. Congress - News1130.com
WASHINGTON - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive. General ...

Automakers plead case to Congress - Daily Journal
WASHINGTON -- Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a huge bailout Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline. GM said ...

The Auto Bailout May Wind Up on Obama's Plate - Time
l. to r.: Karen Bleier / Getty; Bill Pugliano / Getty For the moment, the CEOs of the Big Three car companies are focused on getting help from Washington sooner rather than later. Later this week, they return to Capitol Hill to make the case for why ...

Opponents to bailout lost a major point of criticism based on Big ... - DailyTech
General Motors Chief Executive Officer Richard Wagoner; Chrysler Chief Executive Officer Robert Nardelli; Ford Chief Executive Officer Alan Mulally (pictured right to left), have all agreed to work for only $1 per year, to try to get a bailout. GM ...

Auto bailout: Congress gets closer to a decision - Christian Science Monitor
Washington - Two weeks after bruising hearings on their plea for federal help, Detroit's Big Three returned to Capitol Hill with a bigger request, a chastened tone, and more political muscle. Heading toward what would be the last vote of the 110th ...

GM's Rick Wagoner to showcase Volt technology in his trip to ... - DailyTech
The Big Three are looking for $25 billion USD from the federal government in order to keep afloat for the foreseeable future. The Detroit auto giants were chastised for coming before Congress without a well thought out plan for recovery and arriving ...

Related Social Bookmarks

None found at this time.