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UAW grants concessions to automakers - Traverse City Record-Eagle
DETROIT (AP) -- Worried about their jobs and warned that the cost of bankruptcy could be a widespread depression, hundreds of leaders of the United Auto Workers voted overwhelmingly Wednesday to make concessions to struggling U.S. automakers ...
Read more...Automakers vow change and plead for aid in Congress - Washington Post
Resize WASHINGTON (Reuters) - The top executives of the major U.S. auto companies pledged to refocus on higher fuel efficiency and lower production costs as they asked Congress again on Thursday for billions of dollars in emergency cash. Reeling from ...
Read more...GM pledges faster cost-cuts in return for bailout - Reuters
WASHINGTON (Reuters) - General Motors Corp pledged to Congress on Thursday that it would accelerate labor and other cost cuts and try to reduce its mountainous debt in return for a government bailout. "It's a blueprint for creating a new General ...
Read more...Automobile Industry Video Gallery - CNBC
Alan Mulally, Ford Motor Company president/CEO discusses the financial condition of the American automobile industry. Robert Nardelli on Aid for ... Robert Nardelli, Chrysler CEO discusses the financial condition of the American automobile industry ...
Read more...Shelby says he'll oppose aid for Big Three automakers - Everything Alabama Blog
WASHINGTON --Sen. Richard Shelby announced this morning that he will oppose any federal aid to the Big Three domestic automakers, despite detailed restructuring plans the companies submitted to Congress this week. "My primary focus in these ...
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