bailout: Posts

GM and Chrysler Top Execs to Get 25 Percent Pay Cut
October 23, 2009 4:50:00 PM
GM and Chrysler executives will see a 25% cut in pay next year. Find out who is losing 85% of their salary inside.

4

Ford Gets $5.9 Billion in U.S. Aid; Nissan and Tesla take $2.1 billion in loans
June 24, 2009 11:30:00 PM
Ford Motor Company will accept $5.9 billion in loans as part of an Energy Department program to spur development of fuel efficient vehicles. Nissan will also receive $1.6 billion, and Tesla will take...

25

GM Confirms Pontiac Phase Out by 2010 - 21,000 jobs cut
April 27, 2009 7:37:18 PM
GM will reduce its dealer network by 42 percent to just 3,600 from the over 6,000 dealers it had in 2008. The automaker will be cutting its hourly work force down to 40,000 employees - a shadow of the...

4

'Cash for Clunkers' Congressional bill unveiled - would offer $3,000 to $7,500 for 8 year old models
March 18, 2009 3:44:07 PM
Scrapping bonus would be offered only for models under 35,000 dollars and made in North America. Foreign automakers oppose the bill, as it leaves out vehicles they build in plants in Asia or Europe.

8

GM Posts a $30.9 billion loss in 2008
February 26, 2009 8:56:57 PM
Troubled automaker GM says it will need another 16.6 billion US dollars in order to remain solvent. GM has already received 13.4 billion in bailout cash from the US Treasury.

44

Obama: America invented the automobile
February 25, 2009 3:47:05 PM
Obama said US auto industry must modernize but strongly hinted that there would be no endless bailouts for the Big 3. Obama said that "the nation that invented the automobile cannot walk away from it....

15

Saab files for reorganisation under Swedish law
February 20, 2009 3:41:40 PM
GM will be spinning off Saab as an independent business as of January 1st 2010. Reorganization will provide the automaker with legal protection from creditors as it attempts a restructuring. Saab is s...

5

Chrysler Viability Plan Also Mentions New Charger, Durango and Hybrid Ram in 2010
February 18, 2009 9:51:49 PM
Chrysler has also unveiled their plans for Dodge, which include the release of three new models, and the possible resurrection of the Durango.

6

GM seeks $30 billion in total aid, plans to cut 47,000 jobs this year
February 18, 2009 2:51:49 PM
GM now claims they need up to $30 billion in loans, and they need to cut 47,000 jobs, to eventually return to profitability.

2

Ford Report $5.9 Billion 4th Quarter Loss
January 29, 2009 10:00:00 PM
Net losses of US$5.9 billion were reported by the Ford Motor Company. Despite these heavy losses Ford says it does not need a bailout from the US government.

7

British Auto Industry Bailout Unveiled - £2.3 billion
January 28, 2009 12:18:10 AM
The UK government has offered up to £2.3 billion in loan guarantees for its struggling motor industry. However, a state spokesman denies that this is a bailout saying it's just meant to guarantee a vi...

2

GM gets second loan payout of 5.4 billion
January 23, 2009 1:50:28 PM
GM has already received 9.4 billion dollars of a total of 13.4 billion that has been pledged by the US government. The troubled Detroit automaker is slated to receive another 4 billion dollars on Febr...

29

Chrysler bailout going to Terminator 4 sponsorship deal
January 22, 2009 9:50:00 PM
Despite being on the verge of bankruptcy, Chrysler has signed on as a sponsor to Terminator 4. The company's vehicles will appear in cameos during the movie.

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