Fiat chief: new group can produce 6 million cars a year with Fiat/Chrysler allianceSeptember 16th, 2009 Fiat chief: Fiat-Chrysler can reach 6 millionFRANKFURT — Fiat and Chrysler CEO Sergio Marchionne said Wednesday that the new auto alliance can reach a production of 5.5 million to 6 million cars a year on its own once the economy and car markets stabilze. "We will arrive alone at 6 million units.
Task force chief Bloom says government won't use stakes in automakers to make social policyAugust 5th, 2009 Task force head says gov't won't run automakersTRAVERSE CITY, Mich. — The U.S.
Auto task force chief says government wants quick sale of stakes in GM and ChryslerJuly 27th, 2009 Task force head says gov't wants to sell car stockDETROIT — The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos task force told a congressional panel Monday.
Auto task force head warns against plan to restore closed GM, Chrysler dealershipsJuly 21st, 2009 Obama auto task force warns against dealer planWASHINGTON — The Obama administration urged Congress Tuesday not to intervene in the closings of hundreds of General Motors and Chrysler dealerships, warning it could undermine the automakers' ability to rebound. Ron Bloom, the leader of the White House's auto task force, told a House Judiciary subcommittee that a plan approved by the House to restore dealerships would set a "dangerous precedent" and could jeopardize the taxpayers' recovery of billions in federal aid to GM and Chrysler as they emerge from bankruptcy.
House committee approves request to White House for GM, Chrysler documentsJuly 17th, 2009 House committee wants GM, Chrysler documentsWASHINGTON — A House committee asked the Obama administration Friday to release documents on the federal bailouts of General Motors Co. and Chrysler Group LLC, seeking more details on decisions that led to the auto industry bankruptcies.
Steven Rattner, head of government's auto task force, leaves amid transition for GM, ChryslerJuly 14th, 2009 Steven Rattner leaving auto task forceWASHINGTON — A former steelworkers union official is taking over the White House's automotive task force as the government shifts gears in its revamping of General Motors and Chrysler. Steven Rattner, who led the Obama administration's work to restructure General Motors Co.
Steven Rattner, head of government's auto task force is leaving; Ron Bloom will replace himJuly 13th, 2009 Rattner leaving auto task forceWASHINGTON — Steven Rattner, who led the Obama administration's efforts to restructure General Motors and Chrysler through swift, government-led bankruptcies, plans to depart his post, officials said Monday. Rattner will be replaced by former steelworkers official Ron Bloom, who has been a key member of the task force and adviser to Treasury Secretary Timothy Geithner.
Chrysler Financial to eliminate 9 percent of work force, closes service centerJuly 1st, 2009 Chrysler Financial to cut 9 percent of work forceDETROIT — Chrysler's former financial arm said Tuesday that it will reduce its work force by about 9 percent, or more than 300 employees, as it restructures operations after losing its preferred lender status with the automaker. GMAC Financial Services is now Chrysler's leading lender for financing Chrysler vehicle purchases and dealer inventories, a move prompted by President Barack Obama's auto task force.
Republican lawmakers press for deadline to end government stake in GM, ChryslerJune 11th, 2009 Senators seek deadline for stake in GM, ChryslerWASHINGTON — Republicans want the Obama administration to set a deadline for the government to sell its ownership stakes in General Motors Corp., Chrysler LLC and financial institutions. South Dakota Sen.
Auto task force: 'Reasonable scenarios' where taxpayers might get car bailout money backJune 10th, 2009 No more federal bucks planned for GM, ChryslerWASHINGTON — President Barack Obama's auto task force told skeptical lawmakers Wednesday the government had no plans to pump more dollars into General Motors and Chrysler and that the public had a "reasonable probability" of getting its money back. Ron Bloom, a senior adviser to the task force, faced numerous questions about the roughly $80 billion in federal aid to the car companies, their lending affiliates and suppliers.
Auto task force: 'Reasonable scenarios' where taxpayers might get car bailout money backJune 10th, 2009 No plans to pump more dollars into GM, ChryslerWASHINGTON — President Barack Obama's auto task force told skeptical lawmakers Wednesday the government had no plans to pump more dollars into General Motors and Chrysler and that the public had a "reasonable probability" of getting its money back. Ron Bloom, a senior adviser to the task force, faced numerous questions about the roughly $80 billion in federal aid to the car companies, their lending affiliates and suppliers.
Senate committee to review Obama auto task's restructuring of GM, ChryslerJune 8th, 2009 Senate panel to question Obama auto task forceWASHINGTON — A Senate committee plans to question two members of the White House's auto task force about using taxpayer money to restructure General Motors and Chrysler. The Senate Banking Committee will hear from Ron Bloom, a senior adviser to the auto task force, and Edward Montgomery, who serves as the Obama administration's director of recovery for auto communities and workers.
Ford says Chrysler bankruptcy filing won't affect its supply chain, or slow its restructuringApril 30th, 2009 Ford says Chrysler bankruptcy won't harm businessDETROIT — Ford Motor Co. says it doesn't expect to experience disruptions in its supply chain due to Chrysler's bankruptcy filing.
Canadian Auto Workers union says it's hopeful a deal with Chrysler CanadaApril 24th, 2009 Canadian union says deal near with ChryslerTORONTO — The Canadian Auto Workers union says it is close to agreement on a deal with Chrysler Canada. CAW spokeswoman Shannon Devine says she is hopeful a deal will be reached late Friday afternoon.
GM, Chrysler ask for $21.6 bn more, plan to cut 50,000 jobsFebruary 17th, 2009 WASHINGTON - US auto giants General Motors and Chrysler LLC have told the government they could need an additional $21.6 billion in federal loans between them because of worsening demands for cars and trucks. Presenting their updated turnaround plans by the government set Tuesday deadline, the two firms also detailed plans to cut 50,000 jobs worldwide by the end of the year.
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