GM and Chrysler defend dealership closings in Congress
GM CEO Fritz Henderson and Chrysler Deputy CEO Jim Press testified before a House panel that closing hundreds of dealerships is painful yet necessary to save jobs and avoid liquidation. They argued the cuts are part of a larger sacrifice by the industry, unions, and creditors as dealers vent concerns about local economic impact.
MENTIONED IN THIS ARTICLE
Washington, D.C
Congress
General Motors
Chrysler
Greg Walden
R Ove
Fritz Henderson
Henderson
House Energy and Commerce Committee
Jim Press
United Auto Workers Union
Press
Dallas
U.S
Southwest
General Motors Corp
Italy
Fiat Group Spa
Michael Derchin
Car dealers face decline as U.S. franchise network shrinks
A third of new car dealerships in the United States have disappeared since 1970. Frank Blankenbecker III of Waxahachie, Texas recalls his family business while lawmakers criticize carmakers for a model that burdens local dealers. Representative Peter Welch calls the approach unjust as he questions motivations.
MENTIONED IN THIS ARTICLE
U.S
Frank Blankenbecker III
Waxahachie
Texas
Peter Welch
D-Vi
Airlines Weathering Recession Despite Car Makers’ Bankruptcy
U S airlines face heavy recession impact with falling traffic and budget worries yet avoid Chapter 11. Delta United US Airways and others scaled costs earlier, while Southwest US Airways and JetBlue boosted cash via debt sales and asset moves to stay solvent.
MENTIONED IN THIS ARTICLE
FTN Equity
Delta Air Lines Inc
United
UAL Corp
US Airways Group Inc
American Airlines
AMR Corp
Continental Airlines Inc
Chrysler
Southwest Airlines Co
JetBlue Airways Corp
Derchin
Should GM rebrand amid bankruptcy and public scrutiny
GM faces debate over a name change akin to ValuJet becoming AirTran and Blackwater becoming Xe. Marketing experts say rebranding could jumpstart a leaner image, yet executives warn it is premature during bankruptcy.
MENTIONED IN THIS ARTICLE
ValuJet
Air- Tran
Philip Morris
Altria
Blackwater
General Motors
Jean-Pierre Dube
University of Chicago
Wiseacres
Motors
Blackwater Worldwide
Iraq
AirTran
Florida Everglades
Generous Motors
Toyota
Honda
General Motors Asset Management
Promark Global Advisors
Gmag Financial Services
Ally Bank
Auto Acquisition Corp
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AP Photo
James Press
Capitol Hill
National
Associa
Philip Morris Cos
Altria Group
Kraft
Shoneys
Whiskey Road Aiken, SC
Laurens St
Aiken’s Downtown
Aiken Center For the Arts
Aiken Community Playhouse
Aiken County Visitors Center
Birds and Butterflies
Carriage House Inn
Coldwell Banker United
Connie’s Framing Desserves
Lionel Smith Ltd
Curiosity Shop
True South Communities
True Value Hardware Women’s Echoes
Aiken Horsepower
Newberry Beach
Downtownaiken.com
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