DETROIT – (AP) Many assembly line autoworkers reacted with skepticism and anger Monday to the Obama administration’s tough tactics, which stoked long-simmering feelings that the people who put the country on wheels get treated differently than the wizards of Wall Street. &qu
Tagged assembly-line, country-on-wheels, monday, people, reacted-with, skepticism-and, the-people, tough-tactics, treated-differently, wheels-get, which-stoked, wizardsWASHINGTON – (AP) General Motors is on a short leash, Chrysler even shorter.
Tagged a-short-leash, and-delivered, auto-industry, barack, general, over-the-auto, short-leash, the-two, turnaroundATLANTIC CITY, N.J. – (AP) A group led by billionaire investor Carl Icahn is offering $200 million to buy the Tropicana Casino and Resort in Atlantic City. The low-ball offer shows just how steep a toll the recession has taken on the economy
Tagged atlantic, atlantic-city-, buy-the, city, economy, how-steep, recession-has, resort, taken-on-the, the-economy, toll-the-recessionTORONTO – (AP) Canadian officials said Monday they agree with President Barack Obama that neither General Motors nor Chrysler has proposed changes comprehensive enough to justify further long-term bailouts.
Tagged ahead-with, changes-comprehensive, chrysler, general, general-motors, has-proposed, long, long-term-bailouts-, monday, obama, officials-said, president, president-barackVAN BUREN TOWNSHIP, Mich. – (AP) Car parts supplier Visteon, which used to be part of Ford Motor Co., says one of its British subsidiaries is filing for bankruptcy with the U.K
Tagged and-empl, bankruptcy-with, british, buren, filing-for, motor, says-one, three-factories, van, visteon, which-owns, which-usedMOSCOW – (AP) Prime Minister Vladimir Putin announced nearly $1 billion in government loans Monday for Russia’s largest automaker, Russian news agencies reported a move designed keep the manufacturing giant and employer of tens of thousands in business.
Tagged a-move-designed, decision-comes, giant-and, government-loans-, keep-the-manufacturing, largest-automaker, move-designed, prime, russian, vladimirWASHINGTON – (AP) President Barack Obama is sending a blunt message to Detroit automakers: To survive and win more government help they must remake themselves top to bottom.
Tagged chrysler, detroit-, general, general-motors, government-help, home-the-point, ousted-the-general, point, president-barack, white, win-moreLONDON – (AP) Nationwide Building Society on Monday took over key assets of Scotland’s largest building society in a rescue deal engineered by the Bank of England and backed by the Treasury. The move was somewhat controversial managers at Dunfermline Building Society and som
Tagged and-backed, and-som, building-society, dunfermline, key-assets, largest-building, managers-at-dunfermline, monday, nationwide, rescue-deal, scotland, society, took-over, treasuryTOKYO – (AP) Japanese automakers reacted with anxiety to news that ailing U.S. automakers General Motors and Chrysler had failed to submit acceptable plans to receive more government money, increasing the odds they may have to file for bankruptcy protection. The news also weighed on Asian stock markets
Tagged asian, bankruptcy-protection, chrysler, general, general-motors, government-money, had-failed, increasing-the, may-have, news-also, receive-more, submit-acceptable, tokyo, with-anxietyDETROIT – (AP) Time and time again, General Motors Corp.’s board of directors reaffirmed its support for Chairman and CEO Rick Wagoner, even as the company piled up billions of dollars in losses and begged for government loans to stay alive. But Wagoner is now a high-profile
Tagged and-time, begged-for, ceo, corp-, directors-reaffirmed, even-as-the, general, government-loans-, its-support, losses-and, stay-alive-