Late yesterday, the Michigan Workers’ Compensation Agency and Funds Administration attempted to stop Chrysler from selling its assets. In a legal brief, Mike Cox, the state’s attorney general, said Chrysler’s plan to abandon its $140 million obligation could bankrupt the fund that supports employees who are injured on the job.
Chrysler, like most large companies, does [...]
In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House.
One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]
Held on the grounds of the Walter P. Chrysler Museum in the Chrysler Headquarters campus, at the corner of Featherstone and Squirrel in Auburn Hills, Michigan, the 20th Annual CEMA Charity Car Show will be held on June 13, 2009, rain or shine, from 9 am to 3 pm. CEMA, the Chrysler Employees Motorsports Association, [...]
The Chrysler Foundation has donated $65,500 and Chrysler employees have given thousands of toys to the Marine Corp Reserve’s annual Toys for Tots campaign. The toys will go to needy children in the communities in which they are collected. In the case of the Chrysler donations, these would include: Belvidere, Illinois; Chelsea, Michigan; Elkridge, Maryland; Detroit, Michigan; [...]
On Meet the Press this morning, Michigan Governor Jennifer Granholm made her case for temporary loans to domestic automakers hit by a combination of slow sales and a credit freeze, at a time when all three were in the midst of retooling for a new generation of vehicles.
Mitt Romney, former governor and presidential candidate, whose [...]
At this point, it appears that Congress will be willing to provide $15 billion in loans to the Michigan automakers, with the money coming out of a prior $25 billion in promised loans which the White House, acting through the Energy Department, has blocked.
In return for a deal, Congressional Democrats appear to have given in [...]
The Windsor Star wrote about an American manufacturing consultant’s plan for a Canadian rescue package for Chrysler. Sandy Munro, an analyst of Troy, Michigan, wrote that Canada should bail out Chrysler alone, on the condition that the company moves its corporate headquarters to Windsor, Ontario, using a building Chrysler already owns. The engineering and technical [...]
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