Feds: Leader of radical Islam group killed in raid
DETROIT - Federal authorities on Wednesday arrested several members of a radical Sunni Islam group in the U.S., killing one of its leaders at a shootout in a Michigan warehouse, the U.S. attorney's office said.
Nations:U.S. Activities:U.S. War on Terror Source:(AP)
2009-10-28
'Clunker' sales nearing quarter-million; what now?
WASHINGTON - The White House warned Monday that the "cash for clunkers" program, already zooming toward a quarter-million trade-ins with the initial $1 billion in rebates, could sputter to a stop by Friday unless the Senate quickly approves $2 billion more.
Nations:U.S. People:Mitch McConnell Dianne Feinstein Jon Kyl Dick Durbin Barack Obama Charles Schumer Activities:2009 US Clunkers Program
2009-08-03
GM says reaches deal to sell Saab to Koenigsegg
STOCKHOLM (Reuters) - Sweden's Koenigsegg, a niche manufacturer of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
Nations:Sweden U.S. Activities:2009 GM Bankruptcy Source:(Reuters)
2009-06-16
Chrysler targets 800 dealers in reorganization
DETROIT - In tiny Millerstown, Pa., the owner of the only car dealership in town found out Thursday he was on Chrysler's hit list -- one of 789 across the nation that the troubled automaker wants to eliminate.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-05-15
Experts say GM bankruptcy almost inevitable
DETROIT - For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-05-11
Chrysler expected to sell assets to Fiat
NEW YORK - Chrysler LLC is expected to file a motion Saturday to sell substantially all of its assets to Italian automaker Fiat Group SpA, but the ailing automaker must still deal with creditors who refused to come to a deal to erase the company's debt.
Nations:U.S. People:Barack Obama Source:(AP)
2009-05-02
GM CEO Wagoner to step down at White House request
DETROIT - General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry.
Nations:U.S. Brazil People:Christopher Dodd Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-03-29
GM, Chrysler race to finish plan as deadline looms
DETROIT - General Motors Corp. and Chrysler LLC, racing to finish restructuring plans to present to the federal government, are unlikely to complete deals with debt holders and union workers by the government-imposed deadline Tuesday.
Nations:U.S. People:Timothy Geithner Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-02-17
UAW, GM make progress in auto talks
DETROIT - With a government-imposed deadline for its restructuring plan just a day away, General Motors Corp. was making progress Monday in concession talks with debtholders and its main union, but deals may not come until after the deadline passes, according to people briefed on the situation.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-02-17
GM, Chrysler labor talks slow as deadline nears
DETROIT - Concession talks between the United Auto Workers and the Detroit Three shifted into an odd phase Saturday as negotiations broke off with General Motors Corp., slowed at Chrysler LLC and picked up speed at Ford Motor Co., financially the healthiest of the three, according to people briefed on the bargaining.
Nations:U.S. People:Alan Mulally Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-02-14
Fighting recession has become a new kind of warfare
Washington - It's been five months since then-Secretary of the Treasury Henry Paulson publicly warned of a growing crisis in credit markets. Since then, successive American administrations have fought a deepening recession with the intensity and mountains of cash usually reserved for war.
Nations:U.S. People:Timothy Geithner Richard Shelby Christopher Dodd Henry Paulson Ben Bernanke Activities:Obama Stimulus Package 2008 U.S. Recession
2009-02-14
Auto suppliers in discussions with Treasury
NEW YORK - U.S. auto parts suppliers are in discussions with the Treasury Department about ways to address their financial troubles, industry trade groups said Wednesday.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-02-05
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