Posts by Ed Brayton

Automotive News reports that if GM is forced to declare bankruptcy, the federal government could be forced to take on the burden of paying for the pensions of tens of thousands of retired autoworkers:
A General Motors bankruptcy could become a nightmare for the federal government’s Pension Benefit Guaranty Corp.
That’s because the automaker could dump as [...]

The Office of the U.S. Trade Representative under the Bush administration struck a secret deal with the European Union that could open the door for foreign ownership of liquefied natural gas terminals and other dangerous chemical and energy facilities.

Rick Wagoner may be leaving his position as CEO of General Motors but he’s not going away empty handed. Though he cannot receive a severance package under the terms of the auto industry bailout, he is due to receive some $20 million in retirement benefits after 32 years with with the company.
And this is on [...]

A proposed deal that would give Fiat a 35 percent stake in Chrysler in exchange for small car technology will depend on what new demands are placed on the struggling American automaker when the Obama administration’s auto task force announces its future bailout strategy on Monday. Automotive News reports:
The boards of Chrysler LLC and Fiat [...]