Posts Tagged ‘Michigan’



GM is finished

Lawmakers who have battled for months to keep General Motors Corp. alive said Monday’s bankruptcy filing will do just that — but not without cost.
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Chrysler LLC wants to transfer the vast majority of its supply base to a new company that will be formed from its proposed alliance with Fiat SpA.

The automaker plans to use much of the $4.1 billion in financing that is keeping it going during bankruptcy to pay outstanding bills to parts makers and complete the transfers quickly.
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Ford Motor Co. said Wednesday it will produce an all-electric vehicle based on a redesigned Ford Focus at its Wayne Assembly Plant, beginning in 2011.
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