News Sections
Audio
Bush Wants Decision On Detroit By Christmas, GM/Chrysler Merger Denied
Updated May 5, 2013 1:01 AM | Filed under: WBIW News
 Print    Archive    RSS

(DETROIT, MI) - More news for Detroit, and from Detroit.

To start, our partners at Fox News reports president George W. Bush wants to have a decision on emergency bridge loan package, or structured bankruptcy, ready for the Detroit automakers, specifically GM and Chrysler, by Christmas Day.

So, Merry Christmas to Rick Wagoner, Bob Nardelli, and everyone that works for them.

However, another report is refuting the information we ran this morning, provided by Fox News and their sister publication, The Wall Street Journal that GM and Chrysler are in merger talks again.

Reuters and CNNMoney.com are both reporting that Chrysler and their owners, Cerberus Capital Management, isn't confirming the report, and GM officials are outright denying it. The Wall Street Journal and Fox News both quoted anonymous sources that say they are familiar with the situation.

However, what is confirmed is Chrysler is shutting down all manufacturing operations for a month, and GM is scaling back by a quarter million vehicles.

However, GM's shutdown doesn't appear to affect the Bedford Powertrain plant.



« Previous Article
Next Article »

 Print    Archive    RSS

Have a question or comment about a news story? Send it to comments@wbiw.com

Advertise with 1340 AM WBIW
Advertise with 1340 AM WBIW


1340 AM WBIW, Bedford's Place To Talk. Serving Lawrence and surrounding counties since 1948!

© 2014 Ad-Venture Media, Inc. All Rights Reserved.   WBIW.com and Listen Live Powered by HPC

Advertise  |  Careers  |  About  |  Feedback