This poll ends on the 7th
Contract Poll, FIRST PREVIEW POLL ends on the 7th
- NO, VOTE IT DOWN (83%, 33 Votes)
- YES, VOTE IT IN (18%, 7 Votes)
- DON'T KNOW YET (0%, 0 Votes)
Total Voters: 40
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Archive for July 2nd, 2008 Loading ...
Jul
02
2008
 
Summary of Key Language in the Proposed Carhaul ContractPosted by: Chainsdraging in Carhaul News, Contract, TDUTDU - Teamsters for a Democratic Union July 2, 2008: Below are key details of the concessions that are in the proposed carhaul contract. Job Security
Jul
02
2008
Leaders of Carhaul Local Unions Unanimously Endorse Tentative AgreementPosted by: Chainsdraging in Carhaul News, ContractJuly 2, 2008 Leaders of carhaul local unions from across the country unanimously endorsed the tentative National Master Updates on the Central-Southern, Eastern and Western supplements are now available for download. View the Tentative National Master Automobile Transporters Agreement and Supplements
Jul
02
2008
Merrill says GM bankruptcy possiblePosted by: Chainsdraging in Auto Manufactures, General Motors
Wednesday July 2, 12:42 pm ET DETROIT (Reuters) - General Motors Corp (NYSE:GM - News) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is “not impossible” if the U.S. auto market continues to slump, Merrill Lynch said. Other analysts have suggested GM, whose shares fell to a new 54-year low on Wednesday, needs to raise funds to ride out the downturn in the U.S. auto market through 2009.
But Merrill’s estimate of GM’s financing needs is the highest yet. It also carried the most stark warning of the bankruptcy risk for the largest U.S. automaker. GM declined to comment directly on the Merrill Lynch report but it believes it has sufficient liquidity for 2008 despite lower volumes and could take more steps to cut costs if sales conditions worsen. “If conditions continue to deteriorate, we would consider other operating measures,” GM spokeswoman Renee Rashid-Merem told Reuters. |
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