6 result(s) displayed (1 - 6 of 6):

Opel wants state-owned bank to buy 25% stake (from Corporate Dealmaker)

The troubled German unit of troubled General Motors Corp. now reportedly doesn't want any government to take a direct stake as part of a bailout.Hoping to form a funding bridge between spendthrift regional politicians and their tight-fisted federal counterparts, Opel now wants a government-owned bank -- the Kreditanstalt für Wiederaufbau...

Posted on March 2, 2009 10:43 AM

President Bush gives $17.4B in TARP to Detroit (from Corporate Dealmaker)

President Bush is handing over a lot of work to President-elect Barack Obama, but he at least wants to take the issue of Detroit's automakers off Obama's plate for a little while. The White House did not respond in knee-jerk fashion to bail out cash-strapped automakers General Motors Corp. and...

Posted on December 19, 2008 9:12 AM

White House on auto bailout: 'The federal government may need to step in' (from Corporate Dealmaker)

The fate of about 3 million jobs hangs in the balance as union workers and Republicans clash on terms for a $14 billion auto bailout for General Motors Corp. and Chrysler LLC. This may prompt President George W. Bush to step in with TARP aid after he originally planned to...

Posted on December 12, 2008 10:09 AM

Swedish aid for Volvo, Saab could ease sale of units (from Corporate Dealmaker)

A week ago we discussed the troubles of Ford Motor Co. and General Motors Corp. from the vantage of Sweden, where people are worried about the fates of Ford's Volvo Cars AB unit and GM's Saab Automobile AB division.As of Thursday it looked like the Swedes have beaten the Americans...

Posted on December 11, 2008 3:23 PM

Chrysler and China's Chery cancel deal (from Corporate Dealmaker)

Cash-strapped U.S. auto giant Chrysler LLC and Chinese automaker Chery Automobile Co. called off talks of a collaboration where Chrysler would sell small Dodge-branded cars in the U.S. and Europe that were manufactured by China's biggest domestic car producer.The economic environment has changed significantly since Chrysler and Chery, which is...

Posted on December 9, 2008 9:23 AM

Auto bailout -- yes, no ... How about a merger? (from Corporate Dealmaker)

The Deal's Lou Whiteman is diligently covering events as they unfold at the House's auto bailout hearing, and it's still not clear if help will be forthcoming. But there's no denying Friday's job numbers have bolstered the Big Three's call for assistance. Nonfarm payroll employment fell by 533,000 in November...

Posted on December 5, 2008 12:28 PM