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Mitch McConnell, the Republican leader in the US senate, said government intervention was inevitable, given the amount of money committed to bailout efforts: "If the federal government is a partner, in effect, in these companies, then it ought to have some say on compensation."
2 bloggers weighed in on a similar topic
Last Month,
ironman from 1853 Chairman says
(in Inside the Chrysler, GM rescues)
Chrysler and the United Auto Workers declined comment on Rattner’s observations.
Rattner tells a dramatic back story of Chrysler’s near-death experience. Daimler AG, which bought Auburn Hills-based Chrysler in 1998, had "badly run" it, he wrote, as did its successor, Cerberus Capita...
8 Months Ago,
ironman from 1853 Chairman says
(in Opinion: Feds to take hands-on role in GM, Chrysler restructuring)
The administration has set strict timetables for GM and Chrysler to complete restructuring and if required changes are not made is likely to force the automakers into bankruptcy in the coming months.
After extensive consultation with the administration, (Fiat) has committed to build...
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Filed under: Government/Legal, Technology, Chrysler, Jeep Source: The Detroit News]CA "cool car" regs to kill Jeep Wrangler, interfere with phones, garage openers, ankle bracelets? originally appeared on Autoblog on Mon, 12 Oct 2009 11:31:00 EST. Please see our terms for use of feed...
Mon, Oct 12 | from Autoblog