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Opinion: What should happen to Saturn, Vauxhall and Opel during GM's reorganization?

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Amidst all the recent bailout talk, one question being asked is what role GM's Opel division will serve in a new-and-hopefully-improved General Motors. More succinctly, will Vauxhall and Saturn soldier on unchanged or will they simply fade into automotive landscape? Automotive News seems to think the question of Opel and how it relates to Vauxhall and Saturn is so important that it's worth devoting three separate editorials to the issue, with varying levels of clarity.

Continue reading Opinion: What should happen to Saturn, Vauxhall and Opel during GM's reorganization?

Opinion: What should happen to Saturn, Vauxhall and Opel during GM's reorganization? originally appeared on Autoblog on Mon, 05 Jan 2009 16:01:00 EST. Please see our terms for use of feeds.

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Congressman Urges Automaker CEOs To "Jetpool" When Heading To DC Begging For Money [Financiapocalypse]

New York Congressman Gary Ackerman feasts upon a buffet of "delicious irony" as he asks the CEOs from the Not-So-Big Three to perhaps save some cash and fuel by using a single jet together rather than individual private jets from Detroit to D.C. to beg for bailout dollars from the Feds. We even hear Reagan National's got a diamond-festooned runway set up just for jetpoolers. [CNN]



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Chrysler supposedly in 'chaos', suppliers could demand COD

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GM is getting the lion's share of the glaring national spotlight due to the immediacy of the company's cash crunch, but Chrysler's situation is easily just as dire. Employees at the Pentastar know this, as evidenced by the fact that a full 25% of its salaried workforce took voluntary separation packages to get while the getting is good. Those 5,000 people weren't just sitting around at Chrysler headquarters, though. They had responsibilities, and Automotive News and the Dow Jones News Service is reporting that chaos is settling in due to the personnel vacuum.

The report cites three sources with knowledge of Chrysler's supplier dealings as saying that suppliers are nervous about bankruptcy, and as a result may beginning to ask for cash on hand in return for parts. A Chrysler spokesperson called the 'chaos' term unwarranted, and said that the loss of jobs will help the company to "continue the transformation of our company." Mega-supplier Borg Warner, for one, told Automotive News that all of the Detroit automakers are currently paying their bills on time, and there have been no reports of Chrysler not paying any large suppliers.

[Source: Automotive News subs req'd]

Chrysler supposedly in 'chaos', suppliers could demand COD originally appeared on Autoblog on Sat, 06 Dec 2008 11:57:00 EST. Please see our terms for use of feeds.

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