InfoAnda - White House ups pressure on US automakers

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Natalie Portman in step with "Black Swan" | 16 June 2009
Nokia-Microsoft pact seen creating Google rival | 16 February 2011
Test for Aquino as Philippine massacre trial starts | 8 September 2010

Koreans Pak, Lee share LPGA lead | 5 June 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : White House ups pressure on US automakers

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: White House ups pressure on US automakers AFP - Monday, February 16 DETROIT, Michigan (AFP) - - US automakers came under White House pressure Sunday to make painful choices as a deadline loomed this week for cap-in-hand General Motors and Chrysler to present their recovery plans to the government. ADVERTISEMENT David Axelrod, a senior adviser to President Barack Obama, said the collapse of talks between GM and the United Auto Workers union underlined the gravity of the situation ahead of Tuesday's restructuring deadline. "We need a thriving auto industry in this country," he said on Fox News Sunday, stressing that millions are employed by GM, Chrysler and Ford and by related suppliers. "But as the president has said many times, that's going to involve significant restructuring of the industry so that they're looking forward and not back in producing the kind of cars that people are going to buy in the future," Axelrod said. "And that's going to involve concessions on the part of everyone, not just the auto workers, but shareholders, creditors and, of course, the executives who run the company." GM and Chrysler, which are receiving 13.4 billion dollars in government loans, have until Tuesday to present preliminary plans to the Treasury Department outlining their steps to reduce costs and plan for the future. The final plan that will serve as a basis for the Treasury's decision to call in or extend the loans is due by March 31. The two companies were brought to the brink of bankruptcy last year as auto sales collapsed amid a credit crunch and widening recession, but Congress responded with skepticism late last year to their recovery plans. Ford insists it has sufficient cash reserves to survive the downturn without federal aid despite a 5.9-billion-dollar loss in the fourth quarter. Negotiations on union backing for the restructuring at GM collapsed over the weekend after the UAW reportedly balked at management's plans to reform pensions for retired workers. "Obviously this is a difficult situation, and everyone's going to have to continue to work toward a solution," Axelrod said in response. Asked if the White House was ruling out bankruptcy for GM and Chrysler, he added: "I'm not going to prejudge anything... We'll wait and see what they have to say on Tuesday." Neither GM nor Chrysler, which is also locked in tense talks with the UAW, has received approval from the union or from creditors and both have warned they may need more government help if economic conditions deteriorate. Analysts forecast that total auto sales will come in at between 10 million and 11 million units this year, which would be the industry's worst performance since World War II after adjusting for population growth. Chrysler said its plan will not be affected by an alliance announced last month with Italy's Fiat, which some analysts say could complicate the private automaker's efforts to persuade reluctant lawmakers to extend more aid. "We will be able to do it on our own," said Chrysler vice chairman Jim Press, who added that despite concerns about Fiat benefiting from US government help, the alliance will "save American jobs and speed introduction of fuel-efficient cars." "I can tell you we have accepted the fact that there really is a harsh new reality in the auto industry," Press said in a speech to the Economic Club of Chicago Thursday, detailing 32,000 jobs cuts that are in the works. But Chrysler needs an additional three billion dollars in loans beyond the four billion dollars approved in December, as well as concessions from creditors and the UAW, Press stressed. Few surprises are expected in the submission from General Motors, which is using the plan it handed to Congress on December 2 to guide its restructuring plans, GM spokesman Tom Wilkinson told AFP. GM has already slashed more than one million units of capacity over the past year and could cut more when it makes its preliminary submission to Treasury, he said. The company last week announced plans to eliminate the jobs of an additional 3,400 of its 29,000 salaried employees worldwide and to offer early retirement packages to all its 62,000 hourly US workers. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo The General Motors logo at an automotive sales lot in Burlingame, California. US automakers came under White House pressure Sunday to make painful choices as a deadline loomed this week for cap-in-hand General Motors and Chrysler to present their recovery plans to the government. Most Popular – Top Stories Viewed Seductive chemicals hidden in sloppy kisses Climate change could be even worse than feared Swiss banks go back to basics In defence of bonuses: experts warn on banker pay caps Saudi king shakes up government View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 16 February 2009
Dallas Radio Stations Allows Listeners To Vote Whether It Should Ban Britney's New Single
Crisis leaves Russian ambitions thwarted at Rome G7 | International |
Israel mulls releasing uprising leader to Abbas | International |
Afghanistan's Karzai hits out at U.S. critics | International |
Guantanamo detainee fit to travel: British diplomats | International |
Sony Ericsson unveils 2 phones, video service | Technology |
Illinois Lawmakers Looking Into Whether Burris Perjured Himself During Blagojevich Hearings
U.S. Envoy Holbrooke Arrives In India To Hold Security Talks
Bomb Detonates Inside California Prison
Man Bitten By Rattler In Wal-Mart Sues
Banks Agree To Foreclosure Moratoriums Until Obama Details Housing Plan
Oscar documentaries may come down to the Wire | Entertainment |
Nothing says 'I love you' like 'Friday the 13th' | Entertainment |
Bomb Detonates Inside California Prison
Man Bitten By Rattler In Wal-Mart Sues
Gaza man killed in recycling accident
Chavez wins re-election chance in economy's shadow | International |
Suspected US missile strike kills up to 10: Pakistani official
Crisis leaves Russian ambitions thwarted at Rome G7 | International |
Chris Brown Releases First Statement Regarding Battery Allegations
Israel's Olmert says freeing soldier is top priority
North Korea says has right to launch missiles | International |
Earth-like planets in our galactic neighborhood
Pope to have presidential escort for Israel trip
U.S.-led forces kill Taliban commander: officials | International |
Merkel does not rule out nationalising Germany's HRE bank
Iraqi election commission acknowledges fraud
Top Mexico drug cop charged with working for cartel | International |
AIDS: 'Major advance' seen in revolutionary gene therapy
Livni says "no" to joining a Netanyahu-led coalition
Zimbabwe's MDC undecided on response to arrest | International |
White House ups pressure on US automakers
Israel's Livni cool to deal with Netanyahu
Sarkozy, unions set for showdown on economy | International |
Mexico wins new kissing record
Algerian forces kill senior Qaeda figure: paper | International |
North Korea looming over Clinton's Asia trip
En route to Asia, Clinton pledges engagement
Obama targets housing after stimulus victory
Mobile data demand up despite economy: survey | Technology |
Clinton leaves for Asia vowing to strengthen ties
Adobe to make video on smartphones as on PCs | Technology |
US military deaths in Iraq war at 4,245
Feature: Fair Use Legal Battle Erupts Over Famous Obama Poster
Sirius creditors threaten to oust CEO: report | Technology |
Hong Kong airport fury makes online hit
US plane was on autopilot before icy crash
Chris Brown Releases First Statement Regarding Battery Allegations
Facebook use similar on mobile phones, computers: study
LG to grow market share with cheaper phones | Technology |
Doomed Flight Was Switched On Autopilot
Syria says US permits money transfer to charity
Mobile data demand up despite economy: survey
Nokia's Ollila sees recession lasting 2-3 years | Technology |
China jails 20 in 'biggest-ever' Internet gambling case: report
British, French nuclear subs crash in Atlantic
Facebook use similar on mobile phones, computers: study
Mobile data demand up despite economy: survey
Simon and Garfunkel reunite in New York | Entertainment |
British singer M.I.A. gives birth to boy | Entertainment |
Hollywood slowly opening door to gay drama
Cambodia readies for first KRouge trial
Nothing says I love you like Friday the 13th | Entertainment |
CIA helped India, Pakistan after Mumbai
Benjamin Button stays on top overseas | Entertainment |
Australian wildfire suspect named
Clinton to start Asia tour in Japan
U.S. envoy in India to talk Pakistan and Afghanistan
Jakarta tells civil servants to 'buy Indonesian'
Timberlake tops GQ's list of `10 Most Stylish Men'
Missiles hit house in NW Pakistan
US-ENTERTAINMENT Summary
S.Korean won hits 10-week closing low vs dollar
Regional Taliban commander killed in airstrike
Simon and Garfunkel reunite in New York
Seoul shares down as steelmakers, airlines retreat
Witness: Missile destroys Pakistani house
"Benjamin Button" stays on top overseas
China expresses deep concern over US trade protectionism
China clears Danone, milk products of melamine
Hollywood slowly opening door to gay drama
Korea Hot Stocks
Beijing to lend 29 Qing Dynasty relics to Taiwan
New e-book captures kids' hopes, dreams for Obama
China's January foreign investment down 33 percent
Wildfires last straw for parched Australian wineries
Japan economy shrinks at fastest rate in 35 years
British singer M.I.A. gives birth to boy
Japan says economic crisis worst since WWII
'Nighthawks' plundering England's buried treasures
Japan economy contracts sharply in fourth quarter
'Slumdog' on pole as Oscars reach home stretch
Asia struggles to spend its way out of gloom
Hundreds of thousands in Iraq Shiite ceremony
Farrah Fawcett Sues Over Use Of Her Photos Without Permission
Bomb blasts as Iraq Shi'ite rite ends with trek home
Estelle Bennett, One Of The Members Of Girl Group The Ronettes, Dies At 67
Pakistan restores sharia in Swat; U.S. missile kills 26 | International |
Air raid kills Taliban commanders in Afghanistan: military
Israeli aircraft bomb suspected Gaza tunnels | International |
Kyrgyzstan takes step towards U.S. air base closure | International |
Australian fires toll rises as arsonist faces court | International |
Bomb blasts as Iraq Shi'ite rite ends with trek home | International |
Microsoft revamps mobile push | Technology |
Huawei says to sell 2-3 Android phones this year
Nokia unveils online software shop | Technology |
SEPTA Bus Driver Choking On Cough Drop Loses Control, Crashes Into House
Nokia unveils media, apps store
Samsung launches solar-powered phone | Technology |
McCain: Stimulus Was A Bad Start For Obama's 'Bipartisanship'
TI sees projectors as popular as cell cameras
Cell phone demand to stay strong despite downturn: U.N. | Technology |
PETA Takes A Swipe At McDonald's Chicken Slaughter Practices
TI sees projectors as popular as cell cameras | Technology |
American Homeowners Rent Rooms To Survive Crisis
Justice Ginsburg Recuperating At Home After Pancreatic Surgery
U.S. Gasoline Prices Approach $2 Per Gallon
Huawei says to sell 2-3 Android phones this year | Technology |
At least 19 migrants drown off Canaries
Justice Ginsberg Recuperating At Home After Pancreatic Surgery
Geithner Assures Finance Leaders About Bailout Plan In First G7 Meeting
Nokia unveils media, apps store
Panel To Be Designated To Oversee Car Industry
California Budget One Vote Short Of Approval
R&B star Chris Brown apologizes, seeks counseling | Entertainment |
Recession takes little sheen off Oscar gold | Entertainment |
"Slumdog" adds two awards to collection
NKorea may distract from Clinton message to Asia
Cambodia genocide trial to begin
Film world has capitalism and crisis in its sights | Entertainment |
Clinton starts Asia trip with warm words for Japan
Slumdog adds two awards to collection | Entertainment |
Pakistan offers Islamic law to pacify Swat
Economic crisis deepening: China's Hu
Couple that lost child in China quake has baby
Coldplay notch world's best-selling album of 2008
Honda sees brisk demand for cheap hybrid Insight
Suspected U.S. missile strike kills 26 in Pakistan
Recession takes little sheen off Oscar gold
Filipino workers' 2008 remittances up 13.7 percent
Chinese plane makes emergency landing after leak
Director: Jackie Chan film too violent for China
NKorea hints at missile launch as Kim turns 67
Film world has capitalism and crisis in its sights
Chinese blogger stabbed after public reading
WRAPUP 1-S&P sharply lowers South Korea GDP forecast
Fire guts famous old wooden house in Tokyo
India interim budget offers no big new stimulus
Tears, jeers and cross-dressing: Oscar night drama in store
China to lend relics to Taiwan: state media
UBS aims to raise nearly $300 mln for Asian bonds
Japanese author Murakami wins Jerusalem prize
Taiwan dollar at over 5-yr low on economic worries
Taiwan banks 'agree' loan for chip maker ProMOS
Director, film company to create Chinese 'DreamWorks'
SKorea, EU delay free trade talks: officials
SEPTA Bus Driver Choking On Cough Drop Loses Control, Crashes Into House
Microsoft Offers $250,000 Reward For Info On Worm Virus Source
PETA Takes A Swipe At McDonald's Chicken Slaughter Practices
California Polygamist Sentenced To 7 Life Terms For Abusing Children, Wives
Photographer, AP, Street Artist Battle For Rights Over Famous Obama Poster
Texans Hear Sonic Boom, See Fireball; U.S. Strategic Command Says It Was Likely A Meteorite
From A War Zone To Peace Sanctuary
Adobe to make video on smartphones as on PCs
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01