NewGenNews

BreakingNews: Anthony Weiner says he will not run for NYC Mayor over Bloomberg money spending. “Real issues will probably take a back seat to advertising”
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General Motors agreed to spare two plants that had been targeted for closure and will resurrect them to make small cars and their metal parts, according to highlights of a tentative contract agreement with the UAW.
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A federal judge denied today a request by a dissenting lender group to delay bankrupt automaker Chrysler LLC’s sale hearing and remove the bankruptcy case to district court.
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Mark McNabb, who has resigned from General Motors after 13 months, will lead Maserati North America Inc., sources in Italy and the United States said. McNabb, 48, will replace Marti Eulberg, who left the importer last month as CEO.
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Germany pressed the three bidders for General Motors’ unit Opel to improve their offers for the carmaker today, saying they needed to assume greater risks and make credible commitments to preserve jobs and sites.
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The UAW’s trust fund for retiree health care would get a 17.5 percent stake in a reorganized General Motors under a new labor agreement with the company, union officials were told today, according to news reports.
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General Motors has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy by the end of this month.
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