Posts Tagged ‘General Motors’
Hugo Chavez Hearts Obama
5:36 pm By Jennifer Woodard Maderazo · Controversia|economy|Money|Obama|Politics|Venezuela · Comments Off
3 Jun 2009After all that hate, then some awkward moments, Venezuelan president Hugo Chavez appears to be warming up to Barack Obama…if you consider calling Obama more leftist than he and Fidel Castro showing love (and I do). Reuters reports:
Venezuela’s President Hugo Chavez said on Tuesday that he and Cuban ally Fidel Castro risk being more conservative than U.S. President Barack Obama as Washington prepares to take control of General Motors Corp.During one of Chavez’s customary lectures on the “curse” of capitalism and the bonanzas of socialism, the Venezuelan leader made reference to GM’s bankruptcy filing, which is expected to give the U.S. government a 60 percent stake in the 100-year-old former symbol of American might.
“Hey, Obama has just nationalized nothing more and nothing less than General Motors. Comrade Obama! Fidel, careful or we are going to end up to his right,” Chavez joked on a live television broadcast.
Chavez’s message is not lost on Republicans, who were quick to jump on Obama’s bones for the move. Check out the RNC’s video attacking Obama after the jump. Read more…
U.S. Auto Industry Hits Pause as They Await $
18 Dec 2008
After the U.S. Congress failed to come up with a deal for the country’s top auto makers, the companies are taking drastic steps to save money and survive.
Chrysler said it would extend the normal two-week holiday shutdown that begins Friday to at least Jan. 19 at all 30 of its factories due to slumping sales. They and General Motors were looking for Congress to approve $14 billion in loans.
Chrysler spokesman Dave Elshoff said four plants will be temporarily closed beyond Jan. 19: two plants in Toledo, Ohio, and one each in Ontario and Detroit.
Workers at the shuttered factories will get their regular vacation pay for the scheduled two week shut down. For the extended shut down, the workers will be hitting the unemployment rolls and also receive a supplement from the company, earning 85 percent of their normal pay.
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