Tag Archive for 'automakers'Politicians demand government intervention July 8th, 2009 by DaveAdmin
Republican and Democrats alike have led the charge to have the government override private industry’s decisions as 202 Congressmen cosponsored a bill which would prevent GM and Chrysler from dropping dealers while in bankruptcy. In Chrysler’s case, the dealerships have already lost their franchises and some have closed.
Senator Corker floats bill to prevent dealer dropping June 5th, 2009 by DaveAdmin
Senator Bob Corker, who insisted that Southern auto transplants owned by foreign companies could supply the nation’s vehicles without GM and Chrysler, has introduced an amendment to a tobacco regulation bill which would force GM and Chrysler to give dealers losing their franchise more time to wind things down and reimburse them for their vehicle [...] ShareGM preps for Chapter 11 with new deals May 26th, 2009 by DaveAdmin
While Chrysler was able to negotiate terms with most creditors and stakeholders relatively early in the Chapter 11 process, General Motors appears to have had more hitches. Owners of $27 billion in bonds have refused to sign onto the GM deal, which would give them a 10% stake in a new GM in return for [...] SharePresident Obama announces new fuel, emissions rules May 20th, 2009 by Bill Cawthon
President Barack Obama has announced sweeping new fuel efficiency and emissions standards for American vehicles. The proposed standards include the first-ever U.S. government regulation of greenhouse gases and would end the dispute between California and the Environmental Protection Agency. Bankruptcy is only for the poor February 26th, 2009 by DaveAdmin
Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. Auto industry seen as most distressed in 2009 December 30th, 2008 by Bill Cawthon
The automobile industry, hammered by slow sales and tight credit, will pass homebuilding as the most distressed industry in the United States next year. The still-suffering housing industry, the winner for 2008, is seen as falling to third, after autos and the retail sector, according to an early December survey of the213-member Turnaround Management Association. |
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