Archive for April, 2009
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Opel awaits GM’s word on plan from Magna
Germany’s economy minister said today that Canadian car parts maker Magna International Inc. has drawn up a “rough concept” for its possible investment in Germany’s Adam Opel GmbH, but the ...
Jeep® vehicles donated to Italian earthquake victims
Chrysler LLC has donated two Jeep® vehicles to support Italian earthquake victim relief efforts.
Chrysler, in cooperation with its supplier VM Motori S.p.A., has donated a Jeep Liberty (Cherokee model outside ...
Nardelli cites progress in road to restructuring
Dear Employees,
With one day to go before our government-imposed April 30 deadline, we continue to make headway in our efforts to meet all requirements to conclude our alliance with Fiat ...
Buyout offer to UAW-represented employees extended
UAW workers at Chrysler will have until May 25 now to decide on a buyout offer, so they will know whether the company is in bankruptcy and how a retiree ...
White House: We don’t want to run GM
The White House said yesterday that the government does not want to run General Motors Corp., despite GM’s restructuring plan that would give the Treasury 51 percent of the company, ...
Honda reports fourth-quarter loss, fiscal year profit
Honda Motor Co. said Tuesday it overcame a large quarterly loss to book a fiscal year profit that was well above forecasts, and vowed to stay in the black for ...
Daimler reports $1.86 billion 1st-quarter loss
Daimler AG expects another significant loss in the second quarter after posting first-quarter results that fell far short of expectations, Reuters reported. The company burned through more of its cash, ...
GM’s latest plan would cede control to U.S.
The U.S. Treasury Department would own a majority of General Motors Corp. and have the right to appoint all of its directors, under the company’s turnaround plan unveiled Monday—the latest ...
Treasury said no to GM-Delphi deals
The U.S. Treasury blocked moves by General Motors Corp. to increase payments to its former parts subsidiary Delphi Corp., which has been reorganizing under Chapter 11 bankruptcy protection since 2005, ...
GM: All of Opel for sale
General Motors Corp. may sell not just part, but possibly all of its German car-making subsidiary Adam Opel, one of the U.S. automaker’s earliest overseas acquisitions, GM disclosed Monday in ...
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