June 28, 2009
Ford Motor Company will not be required to pay the full legal costs of an asbestos victim.
Mesothelioma Cancer News (Australia) – Ford Motor Company has been excused from having to pay the full legal costs of an asbestos victim who previously worked for the company. As reported by The Age, the West Australian Court of […]
June 11, 2009
The Italian automaker has taken over a significant portion of the company’s assets.
Wired PR News – Fiat has now taken over the majority of Chrysler’s assets as part of a major deal. As reported by the Associated Press (AP), the Italy based company closed the deal with Chrysler Wednesday, which facilitated the creation of Chrysler […]
June 2, 2009
Yale graduate Brian Deese has been put in role to help fix General Motors.
Wired PR News – President Barack Obama has put a 31 year-old recent graduate of Yale Law School in a significant auto industry restructuring role. As reported by The New York Times, Brian Deese has been chosen to head the dismantling of […]
May 27, 2009
The automaker is seeking permission to sell assets despite objections.
Wired PR News – Financially struggling Chrysler will appear in bankruptcy court Wednesday. As reported by the Associated Press (AP), the automaker will request permission to sell many of its assets to a Fiat headed group to prevent having to resort to liquidation. The move has […]
May 7, 2009
The company is set to close some of its plants in the US for several weeks.
Wired PR News – General Motors Corp. is set to shut down a number of its parts plants temporarily. As reported by the Associated Press (AP), the automaker will shut down the factories because of plans to also shut down […]
May 1, 2009
The automaker filed for bankruptcy protection on Thursday.
Wired PR News – The third largest automaker in the United States has filed for Chapter 11 bankruptcy protection. As reported by the Associated Press (AP), Chrysler resorted to filing on Thursday as part of an effort to restructure and become a more self-sufficient company. A bankruptcy court […]
April 28, 2009
General Motors Corp’s restructuring plan includes phasing out their Pontiac brand.
Wired PR News – General Motors Corp.’s new plan for restructuring includes massive job cuts and phasing out one of their most recognized brands. As reported by the Associated Press (AP), the automaker laid out the plans on Monday to cut 21,000 jobs in United […]
April 23, 2009
The automaker will reportedly close most of its plants in the United States for several weeks.
Wired PR News – General Motors is reportedly planning to temporarily close most of its plants in the US during the summer. As reported by the Associated Press (AP), the automaker giant will close the plants for up to nine […]
February 8, 2009
Auto suppliers are reportedly in talks to obtain emergency funding for sustainability through the economic crisis.
Wired PR News.com – Auto suppliers in the United States are said to be in talks with the Treasury Department for emergency funding that would keep them afloat while getting past the recession. As reported by Reuters, parts suppliers spoke […]
December 6, 2008
Nissan may become the latest casualty of the auto industry crisis in the event of a financial collapse. As reported by AFP, the Japanese automaker expressed fears of a possible issue for its operations in North America.
Wired PR News.com – As quoted in the AFP report of Robert Sump, the company’s vice president of components […]
