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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: auto task force

auto task force stories: 5 news summaries
OPINION

 Obama's Auto 
 Boss Faces 
 Charges of 
 ... Nothing 

Rattner's pay-to-play 'scandal' is common practice

Apr 22, 09 7:49 AM CDT
(Newser) - The press is abuzz over Obama auto-recovery boss Steven Rattner’s ties to a pay-to-play scandal, but every story about Rattner mentions he’s not accused of anything. What he apparently did—paid to receive part of a public pension fund to manage—is “an open practice,” so... More »

MORE ABOUT:
media • press • bribery • political scandal • Obama administration • Steven Rattner • auto task force • pay-to-play

MARKET update

 Dow Drops Nearly 300 
 on Auto Bailout News 


Mar 30, 09 8:46 AM CDT
(Newser) - Stocks hit the brakes hard this morning, after the Obama administration’s auto task force panned GM and Chrysler’s proposed reconstruction plans. The Dow was down 298 points by late morning, while the S&P and Nasdaq had tumbled 59 and 31 points respectively. GM plummeted 25%, falling below... More »

MORE ABOUT:
stock market • Dow Jones • General Motors • Nasdaq • Nikkei 225 Stock Average • auto industry • Bombay Sensex • S&P 500 • Hang Seng China Enterprises Index • auto bailout • auto task force

 Auto Team: Chrysler Needs 
 Bankruptcy, Fiat Deal 

Administration offers 30 days more working capital before aid dries up

Mar 30, 09 7:30 AM CDT
(Newser) - Chrysler cannot become viable on its own, says the White House's auto task force, recommending “quick and surgical” bankruptcy restructuring and the proposed Fiat partnership as the automaker's best shot at survival. The administration will provide Chrysler 30 days’ more working capital to finalize a deal, but the federal... More »

MORE ABOUT:
Chrysler • automaker • auto industry • Fiat • Obama administration • financial crisis • auto bailout • auto task force

Auto Task Force to Back More Loans, Push Concessions

Experienced or not, decisions from Obama's task force will come this week

Mar 26, 09 8:10 AM CDT
(Newser) - President Obama’s auto task force will back new loans for General Motors and Chrysler but will ask for more sacrifices from unions, management, and GM’s bondholders, the Wall Street Journal reports. GM and Chrysler have requested $22 billion more atop the $17.4 billion already loaned to them.... More »

MORE ABOUT:
Chrysler • General Motors • financial crisis • auto bailout • Steven Rattner • auto task force

(Newser) - Chrysler and GM could end up needing a “considerably higher” amount than the $21.6 billion so far requested, Bloomberg reports. Steven Rattner, who heads President Obama’s auto task force, said it's possible the request could go as high as $40 billion. He also said that Chrysler’s... More »

MORE ABOUT:
Chrysler • General Motors • Detroit • recession • Federal aid • auto industry • Obama administration • auto bailout • Steven Rattner • auto task force

5 Stories


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