Sunday, November 08th, 2009

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Posts Tagged ‘ Massive Job Losses ’

Chinese Express Interest in Opel, GM Bankruptcy Still “Not Certain”

May 26th, 2009 | By Don Miller | Category: Financial News

The competition to buy General Motors Corp.’s (NYSE: GM) Opel and Vauxhall units heated up last Friday as the three primary suitors were reportedly joined by an unidentified Chinese automaker.



U.S. Automakers, Freddie Mac (FRE) and Foreign Exporters Next in Line for Bailout Handouts

Nov 17th, 2008 | By William Patalon III | Category: Financial News

This week is shaping up to be another active one on the bailout-and-financing front. First and foremost, Congress returns to work this week to consider a once-unthinkable proposal: Put up billions in taxpayer-backed loans so that Detroit’s “Big Three” can be saved. Expect a fight, however, as the bailout debate finally moves past banks to focus on General Motors Corp. (GM), Ford Motor Co. (F), and Chrysler Corp.