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Obama To Set Deadline For GM, Chrysler PlansPresident Barack Obama will announce Monday that his administration is giving beleaguered U.S. automakers limited time to develop viable restructuring plans. ... |
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So Now Obama Thinks the Automakers Aren't Viable?Late yesterday word came down that President Obama pretty much fired General Motors CEO Rick Wagoner from his job. Obama did something that the GM shareholders didn't do for eight years, even though Wagoner oversaw declining sales, market share, and lackluster product introductions all because th... |
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Ross Praises U.S. Stance With AutomakersWashington is taking a tough stance with General Motors and Chrysler, and that is just fine with Wilbur Ross. ... |
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Bonds driven higherTreasury prices were higher Monday, fueled by uncertainty about the economic recovery, after the Obama administration rejected turnaround plans submitted by U.S. automakers General Motors Corp. and Chrysler LLC. ... |
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Bailout Watch 466: Feds Give GM, Chrysler 60 Days $?bReuters reports that the Presidential Task Force on Automobiles (PTFOA) is taking a “hard line” on the next round of federal bailout bucks for Chrysler and GM. As we’re in the political realm, “hard line” means taxpayers will fund the automakers for the next 60 days ... |
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White House: GM, Chrysler Plans Not ViableThe White House says neither GM nor Chrysler submitted acceptable plans to receive more bailout money, setting the stage for a crisis in Detroit and putting in motion what could be the final two months of two American auto giants. President Barack Obama and his top advisers have determined that n... |
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