Plant Closings

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  • GM files for bankruptcy-law protection

    Jun 2nd, 2009 - baltimoresun

    Legendary automaker General Motors Corp. on Monday became the largest U.S. industrial company ever to file for bankruptcy-law protection, in a restructuring that puts...

  • GM owes money to AT&T, Exxon Mobil

    Jun 1st, 2009 - bizjournals

    General Motors Corp. counts two major Dallas companies among its creditors, according to the auto giant’s bankruptcy filing. Dallas-based AT&T (NYSE: T) is owed $10.7 million, according to the filing made by Detroit-based GM...

  • Feds give $50M to towns hit by auto layoffs

    May 21st, 2009 - Freep

    WASHINGTON ? Hard-hit auto communities in Michigan and elsewhere will compete for $50 million in new funds set aside to retrain workers for jobs in new energy and green technologies fields. That's the word this morning from Ed Montgomery...

  • Bankruptcy reality settles in at Chrysler

    May 2nd, 2009 - Freep

    The promise of a surgical bankruptcy turned into a gritty reality for Chrysler LLC and its workers Friday, as the company outlined its immediate hurdles and workers dealt with plant closings and -- in some cases -- canceled pension checks.

  • Buckle up Chrysler fans, this ride could get bumpy

    May 1st, 2009 - Freep

    Chrysler lives to fight another day, but the automaker's struggle to hang on until its alliance with Italian automaker Fiat bears fruit will be fraught with peril, plant closings and a real possibility of failure.

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