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LATEST VIDEOS
President Obama is hopeful about future outcome of GM's bankruptcy and restructuring, explains government's involvement
Lansing Michigan mayor thinks taxpayers should foot bill for UAW if Chrysler goes bankrupt
Is it time to give the auto industry their bailout? Newt Gingrich weighs in
LATEST STORIES
Ford Reports Surprise $1 Billion 3Q Profit
AP| U.S.
… 1 billion during the quarter, accomplished through layoffs in North America and Europe, reduced pension and retiree health care costs and improvements in productivity and product development. Chief financial officer Lewis Booth said the company …
Story|11/02/2009
AP| Leisure
… percent controlling interest, the United Auto Workers union gets a 17.5 percent stake of the company through its retiree health care trust, and the Canadian government will control 11.7 percent. The remaining shares went to bondholders of the …
Story|07/10/2009
GM Seeks Court's OK to Become 'New' Company
AP| Leisure
… brokered a deal for its stake in the company, the trio of other unions say they won't have anything to pay for retiree health care . The IUE-CWA plans to send busloads of its retirees from Ohio to picket Tuesday's hearing. Attorneys for the …
Story|06/30/2009
Bondholders, Unions File Objections to GM Sale
AP| Leisure
… retirees and dependents, they will be left with only an unsecured claim against old GM for more than $3 billion in retiree health care and hundreds of millions more for retirement life insurance," the unions said in their objection. Rashid-Merem …
Story|06/19/2009
Fiat Closes Deal With Chrysler, Clears Way for Chapter 11 Exit
AP| Politics
… fuel-efficient vehicles. The United Auto Workers union will get a 55 percent stake that will be used to fund its retiree health care obligations, while the U.S. and Canadian governments will receive a combined 10 percent stake. Fiat would get …
Story|06/09/2009
Court adds uncertainty to Chrysler reorganization
| AP| Special Sections
… fuel-efficient vehicles. The United Auto Workers union will get a 55 percent stake that will be used to fund its retiree health care obligations, while the U.S. and Canadian governments will receive a combined 10 percent stake. Meanwhile …
Story|06/08/2009
GM Vice Chairman Bob Lutz on 'Your World'
FOXNews.com| Your World with Neil Cavuto
… the debt-serving obligations. When, in the last 15 years, we have spent $103 billion on health care and retiree health care . And I know your previous guest argued vehemently for the present private system. But I will tell you, this is …
Story|06/03/2009
» Brief History of General Motors The Glenn Beck Blog « FOXNews.com
| The Glenn Beck Blog
… May 26, 2009: UAW agrees to job cuts, 14 plant closures, and a 20 percent equity stake in the company to cover retiree health care costs [Source: A brief history of General Motors Corp., Associated Press, May 28, 2009] Tags: bailouts Leave …
Blogs|06/01/2009
GM Trimming Down for Quick Bankruptcy
AP| Leisure
… provide an additional $9 billion, the administration official said. A United Auto Workers trust that will take over retiree health care expenses will get 17.5 percent, and the old GM, effectively owned by the bondholders, would get a 10 percent …
Story|05/29/2009
GM Bondholders Agree to Sweetened Deal
AP| Leisure
… ones. The U.S. Treasury would get 72.5 percent of the new company's shares, while a United Auto Workers' retiree health care trust fund will get 17.5 percent and the old GM would get 10 percent. The bondholders' stake would presumably …
Story|05/28/2009
- 5 Minute Newscast (10PM EST - 11/24/2009)
- Imus on 'Hannity,' Part 1
- 'Spill O'Reilly'
- Pinheads & Patriots: 11/24
- Explicit Act
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