GM Cuts Production at Four Factories; 2,000 Affected Updated on Dec. 5 – General Motors Corp., running out of cash and combating a 22 percent plunge in U.S. sales this year, said it’s cutting production at four North American car plants in 2009, affecting 2,000 jobs.
The automaker will eliminate the third shift at its factories [...]
Auto bailout could be tied to gov’t-run overhaul. News from WASHINGTON — The government would order a major restructuring of Detroit’s struggling Big Three auto companies in exchange for a multibillion-dollar bailout under a plan circulating in Congress.
Senate Banking Committee Chairman Sen. Christopher Dodd, D-Conn., shakes hands with Chrysler Chief Executive Officer Robert Nardelli, right, [...]
Carmakers face skeptical senators on aid plan. Desperate, repentant automakers find Congress still skeptical on $34 billion bailout pleas
Auto Aid Plan: Carmakers’ bailout package hits Senate skepticism. News from WASHINGTON - Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency — and a new dose of humility — [...]