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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: UAW

UAW stories: 5 news summaries

(AP) - United Auto Workers members have ratified a package of concessions designed to reduce General Motors' labor costs. Union president Ron Gettelfinger said today 74% of GM's production and skilled-trade workers voted in favor. The vote comes before the company's expected Chapter 11 bankruptcy protection filing Monday. Bankruptcy experts say having... More »

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United Auto Workers • bankruptcy • General Motors • labor • union • labor unions • trade unions • auto industry • Ron Gettelfinger • Big Three • UAW

(Newser) - If General Motors goes into bankruptcy next Monday—as is widely expected—the US government will own 70% of the automaker, the New York Times reports. Under a plan that GM officials detailed today to union members, the UAW would take a 17.5% stake though its health care... More »

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United Auto Workers • General Motors • Treasury Department • Chevrolet • auto industry • Obama administration • President Obama • bankruptcy protection • UAW

 Feds to Send GM 
 Into Bankruptcy 

Rejection of survival plan means GM may go into bankruptcy as Chrysler emerges

May 22, 09 2:12 AM CDT
(Newser) - The Obama administration is preparing to steer General Motors into bankruptcy next week, sources tell the Washington Post. The restructuring plan, which aims to shrink GM and turn it into a globally competitive automaker, will bring the company an extra $30 billion in federal loans, for a total of $45... More »

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Chrysler • bankruptcy • General Motors • auto industry • Obama administration • UAW

ANALYSIS

 Chrysler Bankruptcy 
 Faces Bumpy Road 


Apr 30, 09 11:28 AM CDT
(Newser) - The battle to restructure Chrysler is about to go public, and could get messy, Michael de la Merced writes for the New York Times. After failing to get all the automaker’s debt-holders in line, the government prepared a “prepackaged bankruptcy,” a Chapter 11 filing with a reorganization... More »

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Chrysler • bankruptcy • Treasury Department • Fiat • prepackaged bankruptcy • creditor • UAW

(Newser) - Chrysler is preparing to file for bankruptcy as early as next week, the New York Times reports. The best-case scenario for survival: Chrysler will strike a deal with its lenders, file for bankruptcy protection to shed liabilities, then merge its strongest assets with Fiat. If those deals fall through, the... More »

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Chrysler • United Auto Workers • bankruptcy • auto industry • Federal government • Fiat • Obama administration • UAW

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