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US expands auto industry bail-out with $6bn for GM's finance arm 
The Guardian (UK) | by Julia Kollewe | Tue, Dec 30
The new measures come on top of a $17.4bn lifeline handed to GM and Chrysler earlier this month. The former industrial giants were on the brink of collapse that would have caused hundreds of thousands of job losses. Of the total, $13.4bn in short-term loans was earmarked for GM.
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Former auto czar envisioned replacing Chrysler management
Speaking at a forum about the global auto industry, former auto czar Steven Rattner said publicly for the first time that a major aim of Chrysler’s restructuring plans was to replace the management team. Rattner believed that Chrysler’s survival would depend on replacing the existing t...
Fri, Nov 20 | from Leftlane
