Auto Bailout

  • Chrysler, Awash In Profits, To Give Every Worker $2,250

    Chrysler, Awash In Profits, To Give Every Worker $2,250

    Chrysler workers will be reaping the benefits of the automaker's turnaround. Four years after the Chrysler Group LLC was bailed out by the federal government, the company is awash in profits, reporting a 2012 net income of $1.7 billion, as was reported by AOL Autos. And the company CEO announced Wednesday it... Continue Reading

  • GM Plans To Freeze Salaried Workers' Pensions

    GM Plans To Freeze Salaried Workers' Pensions

    By Jeff Karoub DETROIT -- General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort to hold down expenses, officials have announced. The Detroit-based automaker said roughly 19,000 salaried... Continue Reading

  • Romney Could Face Michigan Trouble Over Auto Bailout

    Romney Could Face Michigan Trouble Over Auto Bailout

    By KATHY BARKS HOFFMAN LANSING, Mich. -- Mitt Romney stood in front of an auto factory in his native Michigan during his 2008 presidential race and vowed to bring back jobs, a popular message that helped give him his first - and only -- Republican primary victory. Continue Reading