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May 24, 2009 - May 30, 2009 Archives
4:30 PM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth  Email
NEW YORK -- Chrysler could be hours away from a ruling on its plan to sell most of the company to a group led by......
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4:30 PM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- The reformation of General Motors is in high gear, according to The Associated Press. The automaker said Friday that it plans to reopen......
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12:04 PM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Shares of General Motors fell below $1 on Friday for the first time in 76 years as the struggling automaker approached a......
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11:32 AM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth Email
FRANKFURT -- Negotiators from General Motors, Magna International and the German government reached a tentative agreement on Friday that would see Magna take a major......
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9:57 AM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK - Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of......
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9:47 AM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth Email
PARIS -- Upping the rhetorical as well as the financial ante in what has become a high-stakes poker game that will decide the fate of......
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9:47 AM Fri, May 29, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- The speed at which General Motors Corp. exits bankruptcy protection would depend a lot on the shape the company is in when it......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
The bankruptcy of what was once the greatest company in the world will certainly stand as one of the defining aspects of the so-called Great......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
General Motors said Thursday that bondholders could receive up to 25 percent in the carmaker if they do not oppose its bankruptcy reorganization, an even......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
As the American auto industry goes through a seismic shift in its fortunes, it is hard not to lay the blame squarely on the corporate......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- A bankruptcy filing by General Motors would not only send one of America's most storied automakers into further upheaval, it would also......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
I don't know about you but I was astonished that a young man who killed a mother of two when he crashed his car into......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- Oil prices jumped to a new six-month high Thursday as government reports showed that consumers are spending money and fewer people are......
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12:48 PM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
I had some fun the other day. Keith Bailey invited me down to North Kingstown to report on his recently restored 1910 Oakland Runabout for......
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9:26 AM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
When President Obama announced the government's reorganization plan for Chrysler in late April, he promised the bankruptcy would be "quick," "efficient," and "controlled." And Chrysler......
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9:26 AM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Stocks rise on reports of GM bondholder agreement By MADLEN READ AP Business Writer Advertisement Latest Market News Stocks rise on reports of GM bondholder......
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9:26 AM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT - General Motors paid about 90,000 U.S. employees three days early this week in an effort to reassure them that their wage payments would......
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9:26 AM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Fiat has presented an ambitious plan to fold Opel and other GM Europe brands Vauxhall and Saab into a transatlantic car empire that would also......
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9:26 AM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
BERLIN/DETROIT - A rift between Berlin and Washington threatened to torpedo Germany's goal of shielding Opel from the imminent bankruptcy of its parent General Motors,......
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9:26 AM Thu, May 28, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- A person briefed on General Motors' plans says the company on Monday will identify the 14 factories it will close as it heads......
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10:18 AM Wed, May 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
PROVIDENCE - As motorists gear up for road-trip season, the wobbly economy is not the only factor that could put the brakes on vacation plans,......
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10:18 AM Wed, May 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
Oil hits '09 high above $63 on recovery hopes Wed May 27, 2009 10:00am EDT Email | Print | Share| Reprints | Single Page[-] Text......
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10:18 AM Wed, May 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
NEW YORK -- The future of Chrysler hangs in the balance as it heads to court Wednesday to ask a bankruptcy judge for permission to......
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10:18 AM Wed, May 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
BERLIN -- General Motors moved Wednesday to package together the assets of its European Opel and Vauxhall car brands for possible new ownership ahead of......
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10:18 AM Wed, May 27, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- A General Motors bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap......
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1:53 PM Tue, May 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
ST CHARLES, Ill. - Rocco Massarelli is down but not out. "I'm too stubborn to quit and I'm too stupid to go away," said the......
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1:53 PM Tue, May 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT/NEW YORK - General Motors has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy......
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1:30 PM Tue, May 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
DETROIT -- General Motors will give the United Auto Workers union 17.5 percent of its common stock, $6.5 billion of preferred shares and a $2.5......
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1:30 PM Tue, May 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
BERLIN -- Fiat CEO Sergio Marchionne pushed his bid for General Motors Corp.'s Opel unit in talks Tuesday with German leaders, saying he had lowered......
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9:30 AM Tue, May 26, 2009 | Permalink |
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By Peter C. T. Elsworth Email
MILWAUKEE -- The clock is ticking on a June 1 deadline for General Motors Corp. to restructure, and this make-or-break week is expected to bring......
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