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Saab director: General Motors to sell off Swedish unit
Published December 3, 2008, 12:45 am, EARTHtimes.org
Stockholm/Detroit - Ailing US carmaker General Motors (GM) could be planning to sell off its Swedish subsidiary Saab, Saab's deputy director Frederick Henderson told Stockholm's SR radio station Wednesday. Henderson said GM was looking to resolve its...
TOM WALSH: Automakers need a decision
Published December 3, 2008, 12:32 am, Detroit Free Press
It's a decision that many members of Congress won't be happy about either way. They will unleash a Christmas nightmare in Detroit if they allow GM and Chrysler to fail. These are nerve-racking times. The city anxiously awaits the nation's verdict.
RESCUE PITCH: GM: Shrink brands, pay, jobs, dealers
Published December 3, 2008, 12:30 am, Detroit Free Press
General Motors Corp. could run short of the cash it needs to operate this month if Congress doesn't approve $4 billion in loans, the automaker said Tuesday in a 30-page report requesting federal aid.
November auto sales
Published December 3, 2008, 12:30 am, Detroit Free Press
November auto sales U.S. light-vehicle sales totals, individual automaker results and market share for November compared with November 2007. November 2008 Maker volume % change from 2007 % mkt share YTD volume % change from 2007 YTD % mkt share GM 153,404 -41.3% 20.5% 2,734,789 -21.9% 22.1% Toyota 130,307 -33.9% 17.4% 2,075,711 -13.4% 16.8% Ford 122,723 -30.5% 16.4% 1,842,641 -19.5% 14.9% ...
Ford considers selling Volvo brand in effort to raise cash
Published December 3, 2008, 12:30 am, New Haven Register
Associated Press DETROIT — Ford Motor Co. is considering selling Volvo Car Corp. as the U.S. automaker seeks to raise cash and survive tight credit markets and a global automotive sales crisis.
Saturn's future in question
Published December 3, 2008, 12:26 am, The Tennessean
GM weighs sale or shutdown of iconic brand born in Tennessee.
Automakers' desperate bailout plea gaining support
Published December 3, 2008, 12:24 am, South County Spotlight
DETROIT/WASHINGTON (Reuters) - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans, and General Motors Corp and Chrysler LLC said they needed an immediate infusion of cash to avoid failures.
GM says it needs $12 billion loans by March
Published December 3, 2008, 12:24 am, Colorado State Collegian
WASHINGTON - General Motors Corp. said Tuesday it needs $12 billion in government loans to keep operating, telling Congress in a bluntly worded report that its collapse could have "severe, long-term consequences to the U.S. economy."
Ford tells Congress it may be able to go it alone
Published December 3, 2008, 12:23 am, Long Beach Press-Telegram
WASHINGTON - Ford Motor Co. is asking Congress for a $9 billion "stand-by line of credit" to stabilize its business, but says it doesn't expect to tap it.
Dongfeng Says It Received Sales Pitch for GM Assets (Update1)
Published December 3, 2008, 12:04 am, Bloomberg
Dec. 3 (Bloomberg) -- Dongfeng Motor Group Co., China's third-largest automaker, said it had received proposals from investment banks to buy assets from General Motors Corp.
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