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, insisting [...]
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, Corker [...]
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 almost [...]
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 on [...]
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