So after all the brinkmanship, the President stumped up the cash. But the bailout of GM and Chrysler comes with strict conditions. GM and Chrysler – and their workforces – will have to take deep cuts during the next three months, or the US Government will want its money back and GM will have [...]
Tag Archives: bailout
GM, Chrysler dodge a bullet, for now
at 12:32 pm on Sunday December 21, 2008
The end for GM and Chysler
at 12:29 pm on Saturday December 13, 2008
So it’s descending to chaos. Senate has rejected the life-support plan for Detroit. Earlier this week the House of Representatives and the White House stitched together a plan.
But when that bill was put to the Senate, a hard-core of Republicans kicked it out. Ford might be able to save its own skin, but GM and [...]
The Swedes get frozen out
at 11:46 pm on Thursday December 4, 2008
Ford has announced it will ‘re-evaluate strategic options for Volvo Car Corporation, including the possible sale.’ GM is almost certainly doing the same with Saab. If you want to buy a money-losing Swedish car company, you’ve now got not one but two chances. Emailed your bid yet?
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