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Tag Archives: auto industry news
Auto Industry Update: GM Bankruptcy Closer to Reality After Debt-Equity Equity Swap Fails; GM and UAW Reach Agreements
The attempted debt-equity swap by GM failed to get the targeted amount of 90% of bondholders to swap their debt, making bankruptcy and imminent probability for GM. Also, GM and the UAW reached an agreement that will keep two U.S. plants open. Continue reading
‘Keep It Made in America’ Tour Rallies Support for Domestic Auto Industry
As the automotive industry continues to work through its struggles, an alliance of manufacturing industry groups is taking to the streets for the ‘Keep It Made in America Tour’ to rally support for the American auto manufacturing industry. Continue reading