Recently Ford has had some issues with their stock pricing due to investor concern about slow sales within the automotive industry and uncertainty over how the company will pay the UAW’s health care trust fund. The news that came from Dearborn today will most likely calm spirits and even make some brokers jump for joy as Ford will be repaying...
According to some reports from a couple of top Republicans GM executives have been destroying documents and other records which may shed light on corporate decisions that have spurred investigations into the company by a House oversight committee. These accusations are signed by U.S. Republican Darrell Issa, California, and U.S. Republican Jim Jordan, Ohio and have been enveloped in a...
Pending a situation of uncertainty and a delay of a session destined to reach a decision, Opel finally got an answer from the German government and it will be not receiving any state aid. Yesterday, GM's request for aid from the federal government in order to keep its Opel unit going clashed with representatives and was denied. The German government,...
The German rescue fund’s four-person steering committee is expected to meet on June 7th to discuss whether to approve General Motors’s request for 1.1 billion euros ($1.3 billion) in federal and regional assistance for its European unit, Opel. Instead of meeting last Friday, the meeting was postponed for tomorrow despite a long line of delays since GM initially asked for...
The German Government has yet to produce a final decision on the plan of helping Opel's situation and this is creating quite a bit of tension as thousands of jobs at the GM unit remain attached to an uncertainty of the future. Opel has been loosing money for quite some time and is seeking Government aid in order to compete...
We all know that the news from Detroit's Big Three don't always come in to put a smile on everyone's face and Chrysler is the one that has been seeing less of the good type lately. However, a recent announcement from the U.S. Government may be proof that the hope Sergio Marchionne has been talking about still exists. The United...
