TOP 100 RACING SITES
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| GM CEO Henderson Speaks: Live Blog II New GM CEO Henderson Speaks: Chap. 11s can be sloppy and value destructive. It wouldn't be my first choice.We are capable of doing restructuring out of court, but we may need Chapter 11 to get it done fast.We may need more attrition programs to reduce employees.GM's annual meeting is in August, pushed back, and we will see many new board members. The Obama Admin. has asked for it, but we were already on that track. Though march 31 we haven't had to take additional money and we may not in the next 30 days.We are big proponent of a scrappage program. It has worked really well in germany.The task force told us that 2014 was too long to get some of the restructuring done. {kiley: no kidding].We need to oull forward the reduction of dealers. We were doing it. We need to do it faster.White House is providing funding and oversight. [Kiley-The White House is an angry shareholder]. The President said he has no interest in running GM. They want a aplan that is viable and can fund new tech.We have to take what's been done and pull things fwd. and take things two steps deeper. He is Michigan born and raised. rss.businessweek.com |
Long's suspension upheld by NASCAR appeals board Although the National Stock Car Racing Commission said it was tempting to give Carl Long and his crew chief penalties they could ... rssfeeds.usatoday.com |
Massa released from hospital in Brazil, returns home Ferrari driver Felipe Massa left the hospital Tuesday and returned home for the first time since a life-threatening crash in ... rssfeeds.usatoday.com |
Team notes: Chase heads toward midpoint at Charlotte NASCAR team reports as the Sprint Cup Series heads for the fifth round of its 10-race Chase playoff series at Lowe's Motor Speedway ... rssfeeds.usatoday.com |
Barrichello, Hulkenberg to drive for Williams in 2010 Brazilian driver Rubens Barrichello and Nico Hulkenberg of Germany will drive for Formula One team Williams next season. Barrichello, ... rssfeeds.usatoday.com |