Posted on June 5th, 2009 • by David Zatz
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 [...]
•
Like on Facebook • Tags:
automakers,
Chrysler,
Congress,
dealers,
General Motors,
Senator.
Posted on June 4th, 2009 • by David Zatz
Just as some Republicans are attempting to attach their “Congressional oversight of General Motors bailout” amendment to the FDA tobacco-regulation bill (which would, among other things, fight fraudulent claims by tobacco-product manufacturers), some Democrats have been trying to add a ”cash for clunkers” amendment to the FDA bill. The Senate Appropriations Committee objected to using money [...]
•
Like on Facebook • Tags:
Congress,
government,
Senator.
Posted on June 3rd, 2009 • by David Zatz
Republican Nebraska senator Mike Johanns has, with the public support of several colleagues, introduced an amendment to an FDA bill to vote on Obama’s plan for General Motors. If successfully attached to the bill, it could delay GM’s bankruptcy process and possibly result in the auto giant’s liquidation, given opposition by Republican leaders and some Democrats [...]
•
Like on Facebook • Tags:
bankruptcy,
General Motors,
President Obama,
Senator.
Posted on June 3rd, 2009 • by David Zatz
Judge Arthur Gonzalez has delayed a hearing on Chrysler’s request to terminate 789 of its dealers until Thursday, to give dealers more preparation time; the Senate Commerce Committee is questioning Jim Press and Fritz Henderson about Chrysler and GM’s dealer-dropping plans today. While Chrysler plans to terminate 789 dealers’ franchise agreements, GM is planning to drop [...]
•
Like on Facebook • Tags:
bankruptcy,
Chrysler,
Fritz Henderson,
Jim Press,
Judge Gonzalez,
Senator.
Posted on January 15th, 2009 • by David Zatz
At the request of the White House and President-elect Barack Obama, today the Senate released the second $350 billion of the $700 federal rescue package demanded last year by George W. Bush and Treasury Secretary Paulson. Some of the money could be used to provide loans to the auto industry. Obama promised tighter control of [...]
•
Like on Facebook • Tags:
bailout,
Congress,
loans,
Senator.
Posted on January 15th, 2009 • by David Zatz
Enthusiasts are likely to spread the word about the current “Cash for Clunkers” proposal introduced by Senator Diane Feinstein. The goal of the program is to reduce fuel usage while stimulating the industry, by giving people a credit when they trade in a vehicle with an EPA rating of under 18 miles per gallon (presumably [...]
•
Like on Facebook • Tags:
government,
Senator.
