The Politicking of General Motors

March 30th, 2009 • No Comments

The nationalization of two of North America’s largest automotive companies may have many sociopolitical effects, the extent of which is not yet known. Of course, this is not strictly what is happening: the U.S. and Canadian governments are intervening simply to keep the companies alive, and mandating a new business structure perhaps simply under the guise of ensuring it does not happen again. Continue reading ‘The Politicking of General Motors.’

Rick Wagoner Resigns, GM, Chrysler Deal Renegotiated

March 30th, 2009 • No Comments

Both Canadian and U.S. politicians are on track to revise deadlines provided to General Motors and Chrysler for producing restructuring their businesses after saying the first attempts would be rejected, while in parallel announcements that General Motors’ CEO Rick Wagoner resigned Monday morning at the request of President Obama’s administration. Continue reading ‘Rick Wagoner Resigns, GM, Chrysler Deal Renegotiated.’

Canadian Auto Workers Reach General Motors Deal

March 8th, 2009 • No Comments

The Canadian Auto Workers union announced Sunday that they had reached a tentative agreement with General Motors of Canada which would contain significant sacrifices, but not any reduction to salary or pension benefits. Continue reading ‘Canadian Auto Workers Reach General Motors Deal.’

Obama Drops ‘Car Czar’ Idea for Auto Bailout

February 16th, 2009 • No Comments

President Barack Obama’s original idea to implement a single “car czar” position slated with the task of overseeing the restructuring of the entire U.S. auto industry under the bailout package, has been replaced with the creation of a government task force in charge of the $18 billion in loans to Chrysler and GM. Continue reading ‘Obama Drops ‘Car Czar’ Idea for Auto Bailout.’