Download or read book Overhaul written by Steven Rattner and published by HarperCollins. This book was released on 2010-09-13 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: A uniquely informed investigative account of one of the biggest financial crises of President Obama’s early administration During his first year in office, President Obama faced the possibility of more than a million lost jobs as GM and Chrysler headed for financial ruin. He joined forces with Treasury Secretary Tim Geithner and economic advisor Larry Summers in a historic government intervention to keep these two auto-industry giants afloat, working against a ticking clock and fielding vocal opposition from free market champions along the way. It's from this vantage point that former New York Times financial journalist Steven Rattner witnesses a new administration's grace under pressure in the face of gross corporate mismanagement—a scenario rich in hard-earned lessons for managers and executives in any industry.
Download or read book GM and Chrysler Dealership Closures and Restructuring written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations and published by . This book was released on 2012 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks written by Neil Barofsky and published by DIANE Publishing. This book was released on 2010-11 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the U.S. auto industry, the quarter ending June 30, 2009, was dominated by the bankruptcy filings of Chrysler and GM. As part of the bankruptcy proceedings, Chrysler terminated 789 dealerships, and GM planned to wind down 1,454 dealerships by Oct. 2010. Questions arose as to how GM and Chrysler selected dealerships for termination and what benefit, if any, the co¿s. gained from terminating the dealership. This report addresses: (1) the role of U.S. Treasury in the decision to reduce dealership networks; (2) the extent to which GM and Chrysler documented processes for deciding which dealerships to terminate and which to retain; and (3) to what extent the dealership reductions are expected to lead to cost savings for GM and Chrysler. Illus.
Download or read book Sixty to Zero written by Alex Taylor and published by Yale University Press. This book was released on 2010-05-04 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The collapse of General Motors captured headlines in early 2009, but as Alex Taylor III writes in this in-depth dissection of the automaker's undoing, GM's was a meltdown forty years in the making. Drawing on more than thirty years of experience and insight as an automotive industry reporter, as well as personal relationships with many of the leading players, Taylor reveals the many missteps of GM and its competitors.
Download or read book The Second Automobile Revolution written by M. Freyssenet and published by Springer. This book was released on 2009-04-30 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid takeoff of the continent-sized national economies and the increasing expense of extraction have led to strong tensions in petrol prices and a race towards alternative driving systems. This book analyses the emergence of a second automobile revolution through the trajectories of automobile firms since the nineties.
Download or read book Treasury s Exit from GM and Chrysler Highlights Competing Goals and Results of Support to Auto Communities are Unclear written by A. Nicole Clowers and published by DIANE Publishing. This book was released on 2011-08 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since Dec. 2008, the Dept. of the Treasury (Treasury) has committed $62 billion in Troubled Asset Relief Program (TARP) funding to General Motors (GM) and Chrysler. This report addresses: (1) how restructuring with federal assistance has affected GM¿s and Chrysler¿s financial condition; (2) what Treasury has done to ensure that it dis-invests in GM and Chrysler so as to protect taxpayers¿ interests and what risks remain in recouping its investments; and (3) how restructuring has affected auto communities and what the White House Council on Auto Communities and Workers have done to mitigate these effects. Includes recommendations. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Download or read book Who Really Made Your Car written by Thomas H. Klier and published by W.E. Upjohn Institute. This book was released on 2008 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive look at an industry that plays a growing role in motor vehicle production in the United States.
Download or read book U S Motor Vehicle Industry written by Bill Canis and published by DIANE Publishing. This book was released on 2011 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a print on demand edition of a hard to find publication. An in-depth analysis of the 2009 crisis in the U.S. auto ind¿y. and its prospects for regaining domestic and global competitiveness. Analyzes bus. and policy issues arising from the restructurings within the industry. The year 2009 was marked by recession and a crisis in global credit markets; the bankruptcy of GM and Chrysler; the incorp. of successor co.; hundreds of parts supplier bankruptcies; plant closings and worker buyouts; the cash-for-clunkers program; and increasing production and sales at year¿s end. Also examines the successes of Ford and the increasing presence of foreign-owned OEM, foreign-owned parts mfrs., competition from imported vehicles, and a buildup of global over-capacity that threatens the recovery of U.S. domestic producers.
Download or read book Why GM Matters written by William Holstein and published by Bloomsbury Publishing USA. This book was released on 2010-09-05 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November, GM CEO Rick Wagoner appeared before Congress to ask for $25 billion to bail out the struggling Big Three automakers. To critics like Thomas Freidman and Mitt Romney, it was a sign that the American auto industry should be led out to pasture; if the Japanese are better at making cars, they said, then we should let them do it. To defenders, the loss of the country's largest manufacturing sector would be an incomprehensible disaster. Nearly every day, the debate rages on the op-ed pages. Billions of dollars and millions of jobs hang in the balance. In Why GM Matters, William Holstein goes deep inside GM to show what's really happening at the country's most iconic corporation. Where critics say that GM has sat on its hands while the market changed, Holstein demonstrates that GM has already radically retooled its entire operation, from manufacturing and cost structure to design. Where pundits say we'd be better off without GM, he shows how inextricably linked GM and the nation's economy still are: The country's largest private buyer of IT, the world's largest buyer of steel, the holder of pensions for 780,000 Americans, GM accounts for a full 1 percent of our country's GDP. A dollar spent on GM has profoundly different consequences from a dollar spent on Toyota. Following a diverse cast of characters-from Rick Wagoner, the controversial CEO, to design director Bob Boniface, to Linda Flowers, a team leader on the line in Kansas City-Holstein examines the state of GM's health and builds a persuasive argument that GM is essential to our nation's well-being and, with the right economic climate, ready to compete with Toyota as one of the biggest global automakers.
Download or read book American Icon written by Bryce G. Hoffman and published by Three Rivers Press. This book was released on 2012 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: A riveting, behind-the-scenes account of the near collapse of the Ford Motor Company, which in 2008 was close to bankruptcy, and CEO Alan Mulally's hard-fought effort and bold plan--including his decision not to take federal bailout money--to bring Ford back from the brink.
Download or read book Once Upon a Car written by Bill Vlasic and published by Harper Collins. This book was released on 2011-10-04 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Once Upon a Car is the brilliantly reported inside-the-boardrooms-and-factories story of Detroit’s fight for survival, going beyond the headlines to chronicle how the country’s Big Three auto companies—General Motors, Ford, and Chrysler—teetered on the brink of collapse during the 2008 financial crisis. In a tale that reads like a corporate thriller, Bill Vlasic, who has covered the auto industry for more than fifteen years, first for the Detroit News and now for the New York Times, takes readers into the executive offices, assembly plants, and union halls to introduce a cast of memorable characters, many of whom are speaking out for the first time, including the executives who struggled to save their companies but in the end had to seek a controversial, last-gasp rescue from the U.S. government. Vlasic goes behind the scenes to portray the men at the top during Detroit’s last stand. Rick Wagoner, the CEO of General Motors, tried to turn around a dying company, only to be forced to resign as a condition of the government bailout. Bill Ford, great-grandson of the legendary Henry Ford, had the will to keep Ford alive but needed the guts to hire an unknown outsider, Alan Mulally, to transform the company before it crashed. At Chrysler, leadership was constantly changing as new owners tried in vain to fix the smallest of the beleaguered Big Three. And through it all, the president of the United Auto Workers union, Ron Gettelfinger, fought to save the jobs of the men and women who build American-made cars and trucks. This tale of an iconic industry in crisis is more than a big business drama and provides a rich, unvarnished portrait of how Detroit’s decline affected tens of thousands of workers and dozens of communities nationwide. The story moves from the gleaming corporate skyscrapers and massive auto plants to the halls of the U.S. Congress and into the Oval Office, where President Obama and his aides wrestled with how to keep General Motors and Chrysler from going out of business. Vlasic shows why the bailout worked, and how Detroit can succeed under new leadership and build automobiles equal to any in the world. Once Upon a Car tells a uniquely American tale of success, failure, and redemption. It is an important and illuminating chapter in an astonishing story that is still unfolding. And no one is more qualified to write it than Bill Vlasic.
Download or read book Use of TARP Funds in the Support and Reorganization of the Domestic Automotive Industry written by Elizabeth Warren and published by DIANE Publishing. This book was released on 2010 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Update on the TARP Program written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 2010 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Automotive Industry written by Stephen Cooney and published by Nova Publishers. This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over one million Americans are employed in manufacturing motor vehicles, equipment and parts. But the industry has changed dramatically since the U.S. "Big Three" motor vehicle corporations (General Motors, Ford and Chrysler) produced the overwhelming majority of cars and light trucks sold in the United States, and directly employed many people themselves. By 2003, most passenger cars sold in the U.S. market were either imported or manufactured by foreign-based producers at new North American plants (so-called "transplant" facilities). The Big Three now dominate only in light trucks, and are also now being challenged there by the foreign brands. The Big Three have shed about 600,000 U.S. jobs since 1980, while about one-quarter of Americans employed in automotive manufacturing (nearly 300,000) work for the foreign-owned companies. It is clear that the U.S. automotive industry has undergone many drastic changes that have had a net adverse effect on American interests. This book examines the causes of these changes. Congressional acts, increasingly stringent emission laws, the effects of NAFTA, labour unions and globalisation are all within the scope of this book.
Download or read book The Law and Practice of Restructuring in the UK and US written by Shai Y. Waisman and published by Oxford University Press, USA. This book was released on 2011-04-07 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Law and Practice of Restructuring in the UK and US is a practical guide to the restructuring of corporate debt and associated restructuring issues such as employees and pensions, from the perspective of both UK and New York law, the dominant systems of law in the world commercial and financial markets. At a time when many companies are looking at renegotiating and restructuring their debt agreements, this book provides a timely analysis of current techniques and likely developments in the field of corporate restructuring. An expert contributor team from both the US and UK combine their practical experience to cover all aspects of corporate restructuring. Through vivid exposure of the differences between the two jurisdictions, this book considers likely developments in the corporate restructuring landscape, for example the US Chapter 11 paradigm, as well as addressing lessons learned from past issues which are likely to feed into future develompents With coverage of techniques available to both stressed and distressed companies, as well as looking at specialist markets and key stakeholders, The Law and Practice of Restructuring in the UK and US is an invaluable guide for banking, finance and insolvency practitioners and their clients, both financial institutions and companies looking to restructure debt, as well as global accountancy firms and law and business schools worldwide.
Download or read book Lasting Implications of the General Motors Bailout written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending and published by . This book was released on 2011 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book My Years With General Motors written by Alfred P Sloan and published by eNet Press. This book was released on 2015-01-16 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alfred P. Sloan, Jr. led the General Motors Corporation to international business success by virtue of his brilliant managerial practices and his insights into the new consumer economy he and General Motors helped to produce. Sloan's business biography, My Years With General Motors, was an instant best seller when it was first published in 1964 and is still considered indispensable reading by modern business giants.
