Bailout,Auto Sales Real Time News items

  • S&P sees little chance of GM bankruptcy spillover on Japanese suppliers Posted:13/07/2009 13:22 GMT by NeedToKnowNews
    S&P cites the longer term nature of GM's problems, saying that Japanese suppliers have long known of the troubles at GM, allowing them plenty of time to replace the business supplied by GM. The firm also notes that Japanese Automakers have been replacing the chains from weakend suppliers (ie/Visteon which filed for bankruptcy).
  • UAW Agrees to Reduce Retiree Benefits --WSJPosted:12/07/2009 12:02 GMT by NeedToKnowNews
    UAW health-care VEBA to receive 17.5% of GM stock; UAW VEBA to get warrants, note, preferred stock -- per WSJ.
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