by Mike Davis | Jun 9, 2009
A few years ago the big controversy was the necessity to build new armored HUMVEES for the military, or convert older ones by “up-armoring.” Critics of the Defense Department badgered the military for not doing it before invading Iraq, and after...
by Ken Zino | Jun 9, 2009
The list of companies lining up for taxpayer dollars from the U.S. Department of Energy increased today as Coda Battery Systems LLC announced it had applied under a DOE stimulus grant program for funding to build a manufacturing facility in Enfield, Connecticut. The...
by Paul A. Eisenstein | Jun 9, 2009
While the protestors have yet to take to the street, chanting and waving banners proclaiming, “U.S. Out Now,” a new study suggests that a vast majority of Americans want the country out of the auto business as quickly as possible. More than half of those...
by Ken Zino | Jun 9, 2009
When a New GM emerges after the bankruptcy sale of General Motors Corporation early next autumn, Edward E. Whitacre, Jr., former chairman and CEO of AT&T Inc., will become chairman, GM’s interim Chairman Kent Kresa announced today. Kresa will continue to...
by Ken Zino | Jun 9, 2009
When GM went into bankruptcy protection on June 1, it said that significant sacrifices on the part of salaried employees and retirees would be required. Now, some details of the radical changes coming are starting to emerge. In a letter to retirees, GM CEO Fritz...
by Paul A. Eisenstein | Jun 9, 2009
Call it trial by fire. Last year, as General Motors began the meltdown that ultimately led to its bankruptcy filing, last week, senior company officials frequently sat down with reporters to outline the latest cutbacks in jobs and production. There were the familiar...
by Joseph Szczesny | Jun 8, 2009
General Motors Corporation dumped another business today as it announced plants to halt production of medium-duty trucks in Flint, Michigan, at the end of this July. GM’s decision was forced by the swift and precipitous decline in the value of automotive related...
by Ken Zino | Jun 8, 2009
Using her emergency powers, Supreme Court Justice Ruth Bader Ginsburg put Chrysler’s sale to Fiat on temporarily hold this afternoon just before 4 pm, while the court considers a request by the State of Indiana to review the case and ultimately block the sale....
by Paul A. Eisenstein | Jun 8, 2009
Calling it “the lifeblood of our future,” General Motors CEO Fritz Henderson officially opened the automaker’s new battery lab, at the GM Technical Center, this morning. The facility is designed to help develop the next-generation lithium-ion...
by Ken Zino | Jun 8, 2009
The United Auto Workers Union in its revised contract with bankrupt General Motors is attempting to establish a lobbying organization funded by the automaker that would push for health care reform. Ford Motor Company and New Chrysler would contribute as well. GM has...
by Ken Zino | Jun 8, 2009
While bankrupt General Motors is struggling to hold market share in the U.S., its Chinese operations are posting record sales. Its two Chinese joint-ventures achieved sales records in May, as the Chinese economy grew and demand for minivans and cars increased....
by Ken Zino | Jun 5, 2009
The U.S. Court of Appeals for the Second Circuit in New York City said the sale of Chrysler to Fiat SpA can proceed next Monday unless the Supreme Court intervenes by 4 pm. A three-judge panel dismissed the arguments from the State of Indiana Friday afternoon, which...
