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Massachusetts: Gm

June 1, 2009 - 12:42 pm
NEWS FEED: Boston Globe

Romney: Earlier GM bankruptcy would have saved billions for taxpayers

By Joseph Williams, Globe Staff WASHINGTON -- Former Massachusetts Governor Mitt Romney, whose father was an auto executive during the industry's post-World War II heyday, today called GM's bankruptcy "a sad day" for the nation as well as "a son...

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There have been 41 comments posted in response to this story.

June 1, 2009 - 12:03 pm
NEWS FEED: Boston Globe

Obama says Chrysler deal offers hope to GM

President Obama, as the federal government deepens its involvement and ups its ante in GM, is taking solace in a step forward for Chrysler -- a bankruptcy judge's approval of its sale to Italian automaker Fiat. The decision "paves the...

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There have been 114 comments posted in response to this story.

May 31, 2009 - 10:01 pm
NEWS FEED: Boston Globe

Details of the GM restructuring plan released

The US government will take a 60 percent ownership stake in General Motors and extend an additional $30 billion to the automaker as part of a post-bankruptcy restructuring of the company, the White House announced tonight. GM is expected to...

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There have been 142 comments posted in response to this story.

Fri, 12/05/2008 - 10:24

Frank: Auto industry bailout should focus on preventing future disaster, not punishment

By Jeremy P. Jacobs, PolitickerMA.com Reporter

Congressman Barney Frank said Friday that any action Congress takes to help the U.S. auto industry should focus on preventing future damage to the country's financial markets, not punishing any specific parties for previous missteps.

Frank's remarks came at the opening of a hearing of House Financial Services Committee, which he chairs, at which executives of General Motors, Chrysler and Ford sought money from the government.

There have been 39 comments posted in response to this story.