Posted on July 6th, 2009 • by David Zatz
Tennessee politicians, led by Senators Lamar Alexander and Bob Corker have complained that General Motors used inappropriate measures to locate an existing factory in Orion, Michigan, to build a new small car, rather than using Spring Hill, Tennessee. Bob Corker became well known in automotive circles when he repeatedly criticized General Motors, Chrysler, and Ford, [...]
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Posted on June 17th, 2009 • by David Zatz
Senator Bob Corker of Tennessee, who was a spokesman for allowing domestic automakers to be liquidated until he discovered a GM plant in his state, and Mark Warner of Virginia have announced their intent to introduce a bill demanding “oversight” of companies more than half-owned by the government, which would include AIG, Citigroup, and General [...]
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Posted on April 11th, 2009 • by Bill Cawthon
U.S. Senator Bob Corker, well-known for his politically charged attacks on the Detroit automakers and the United Auto Workers, is singing another tune. The Tennessee Republican is now fighting to keep a union-staffed GM plant open and, predictably, is charging partisan politics will be responsible if it is closed. At stake is the Spring Hill [...]
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Posted on February 28th, 2009 • by Bill Cawthon
Republican Senator Bob Corker, who has become an adamant foe of government aid to American automakers in spite of the fact his home state gave $577 million to Volkswagen to build a plant in Chattanooga, says a bankruptcy filing by Chrysler LLC would be helpful to General Motors. In an interview with Dow Jones Newswire, [...]
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Posted on February 26th, 2009 • by David Zatz
Head of the Fed Ben Bernanke flatly ruled out a government takeover of major banks, such as Citigroup, that would wipe out stockholders. Rhetoric is rather different when talking about banks vs. automakers. When they mention GM and Ford, they say the stockholders deserve nothing because they were asleep at the switch. Automaker bankruptcy has [...]
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Posted on January 14th, 2009 • by Bill Cawthon
Freshman Senator Bob Corker, who savaged Chrysler and General Motors during the recent loan hearings, today told reporters that he hopes Chrysler will find a merger partner. “Chrysler probably needs to merge with somebody, not necessarily go away from the standpoint of existence,” according to the junior Senator from Tennessee. “It appears to me based [...]
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