Search results
Results from the WOW.Com Content Network
The Kia Cee'd is a leading example, being designed, developed and engineered in Germany and built in Slovakia. [27] Unlike others, this crisis turned into an opportunity for many South Korean automakers. Korean automaker Hyundai offered customers who have lost their jobs to return a new-car purchase for a refund. [28]
On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action."
After adding an economic crisis to a financially unhealthy automaker, General Motors looked ready for collapse near the beginning of 2009. In response to the potential damage GM's collapse would ...
Based on an assessment that automobile manufacturing was a critical sector of the economy providing 3 to 4 million jobs for Americans, that liquidation was imminent for two of the three major U.S. automakers, and that the break ups would devastate the U.S. economy, the U.S. government became involved in the day-to-day management decisions of ...
Under terms of a $17.4 billion bailout approved by President Bush on Friday, General Motors and Chrysler have three months to turn things around. If they don't, they have to repay the loans and ...
AJ Mast/APFiat and Chrysler CEO Sergio Marchionne MILAN and NEW YORK -- Italian carmaker Fiat has brought in a veteran of the 2009 U.S. auto sector bailout in a bid to break the deadlock in talks ...
The federal government's controversial decision to step in and save General Motors from insolvency was the right thing to do, the automaker's new Chief Executive Daniel Akerson (pictured) said ...
Negotiations continued with the Democrats requesting a plan for viability from the automakers. [27] Automobile sales were also down sharply in Europe and bailouts were under consideration, particularly for subsidiaries of General Motors such as Opel in Germany [28] and Vauxhall in the United Kingdom. [29]