Creative tax plan key to triumph at GM's Orion Township plant

Setting up a war room in Lansing. Monitoring Tennessee newspapers for clues. Joking about arm wrestling with the governor of Wisconsin in front of President Barack Obama.These are just some of the elements that went into the nearly monthlong battle led...

read more...

GM gets go-ahead on bankruptcy financing

NEW YORK – General Motors Corp. won approval today to use up to $33.3 billion to pay for its bankruptcy today, after making a few changes to settle technical objections.The step marks another major milestone in GM’s dash through bankruptcy court, which...

read more...

Chrysler Asks Court To Force TRW Automotive To Supply Parts

DETROIT -(Dow Jones)- Chrysler Group LLC warned Thursday that a parts supplier dispute may force the auto maker to scuttle plans to resume production at all of its U.S. assembly plants Monday.The auto maker has filed suit to force TRW Automotive Inc....

read more...

Fiat takes the wheel at Chrysler

The Associated PressDETROIT — Italy’s Fiat is the new owner of most of Chrysler’s assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat’s CEO.The deal clears the way for...

read more...

Chrysler sale to Fiat appealed

Indiana pension funds group asks Supreme Court to block dealDavid Shepardson / Detroit News Washington BureauWashington -- Lawyers for a group of Indiana pension funds have filed a long-shot emergency appeal with the U.S. Supreme Court seeking to block...

read more...

Dealers Fight Chrysler Franchise Cuts in Court

NEW YORK, June 4 -- Eldon Palmer was preparing for a grand opening of his upgraded Chrysler dealership -- a $3.2 million project he pursued at the automaker's urging -- when the letter came. In formal language that seemed to belie their 52-year business...

read more...

GM News-AP Source: GM to sell Saturn brand to Roger Penske

DETROIT – A person briefed on the deal says General Motors Corp. will sell its Saturn brand to former race car driver and dealership chain owner Roger Penske.GM has scheduled a 9 a.m. EDT conference call with Saturn General Manager Jill Lajdziak. The...

read more...

GM, Ford, Chrysler U.S. Sales Fell Less Than Estimates in May

June 2 (Bloomberg) -- General Motors Corp., Ford Motor Co. and Chrysler LLC posted U.S. May sales that fell less than analysts’ estimates as shoppers returned to showrooms, while Toyota Motor Corp. and Honda Motor Co. did worse than expected. GM said...

read more...

Bankruptcy Judge Ok's The Sale Of Chrysler To Fiat

A bankruptcy judge approved the sale of substantiallyall of U.S. automaker Chrysler's assets to a group led byItaly's Fiat SpA(FIA.MI) in an opinion filed late on Sunday. Chrysler's bankruptcy, also financed by the U.S. Treasury,has been widely seen...

read more...

General Motors Corp will file for bankruptcy

DETROIT/WASHINGTON, June 1 (Reuters) - General Motors Corp(GM.N) will file for bankruptcy later on Monday, U.S. officialssaid, forcing the 100-year-old automaker once seen as a symbolof American economic might and dynamism into a new anduncertain era...

read more...