NEW YORK — A bankruptcy judge on Tuesday approved Delphi Corp.’s proposal to freeze its pension plans as part of the auto supplier’s blueprint to cut its costs and eventually emerge from bankruptcy protection.
original article
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Judge allows Delphi to freeze pension plans to control costs
January 10th, 2009 PartsHub.net Posted in Automotive News | No Comments »
Automakers clear obstacle to loans
January 9th, 2009 PartsHub.net Posted in Automotive News | No Comments »
WASHINGTON — Detroit automakers cleared a major hurdle for government funding of $25 billion in loans to the auto industry — but lost a bid to have those loans applied to a wide range of new vehicles.
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Auto news in brief: Supplier’s forecast up
January 8th, 2009 PartsHub.net Posted in Automotive News | No Comments »
ArvinMeritor Inc., the U.S. supplier that’s spinning off its auto-parts unit, boosted its annual profit forecast even with a weaker market.
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U.S. House committee chair: $25B in loans to auto industry make it in
January 3rd, 2009 PartsHub.net Posted in Automotive News | No Comments »
WASHINGTON — Money for $25 billion in loans to the auto industry will be in the budget resolution with some changes to speed delivery of the loans, the chairman of the House Appropriations Committee said today.
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Delphi gets OK to freeze pension plans
January 2nd, 2009 PartsHub.net Posted in Automotive News | No Comments »
NEW YORK — A bankruptcy judge today approved Delphi Corp.’s proposal to freeze its pension plans as part of the auto supplier’s blueprint to cut its costs and eventually emerge from bankruptcy protection.
original article
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