{"id":192453,"date":"2009-03-30T17:30:00","date_gmt":"2009-03-30T22:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/30\/big-3-big-2%c2%bd-update\/"},"modified":"2009-03-30T17:30:00","modified_gmt":"2009-03-30T22:30:00","slug":"big-3-big-2%c2%bd-update","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/30\/big-3-big-2%c2%bd-update\/","title":{"rendered":"Big 3 (Big 2\u00bd) Update"},"content":{"rendered":"<p>So, the White House does not like GM&#8217;s or Chrysler&#8217;s reorganization plans, and has <a href=\"http:\/\/www.nytimes.com\/2009\/03\/30\/business\/30auto.html?partner=rss&amp;emc=rss&amp;pagewanted=all\">given GM 60 days, and Chrysler 30 days to come up with a better plan<\/a>.<\/p>\n<p>What&#8217;s more, they demanded, and got <a href=\"http:\/\/online.wsj.com\/article\/SB123836090755767077.html\">General Motors&#8217; CEO Rick Wagoner&#8217;s resignation<\/a>, and pretty much demanded some sort of alliance deal between Fiat and Chrysler.<\/p>\n<p>The obvious question here is, &#8220;Why is the government insisting on Wagoner&#8217;s resignation, and not Bank of America&#8217;s Kenneth Lewis&#8217;s resignation?<\/p>\n<p>In terms of Chrysler-Fiat, it appears that they <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aFnac.QFkWwk&amp;refer=home\">have come to an agreement on a &#8220;framework&#8221;<\/a> for their deal.<\/p>\n<p>One wonders if this deal involves a haircut for Cerberus, which it should.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>So, the White House does not like GM&#8217;s or Chrysler&#8217;s reorganization plans, and has given GM 60 days, and Chrysler 30 days to come up with a better plan. What&#8217;s more, they demanded, and got General Motors&#8217; CEO Rick Wagoner&#8217;s resignation, and pretty much demanded some sort of alliance deal between Fiat and Chrysler. The &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1108,1173],"tags":[],"class_list":["post-192453","post","type-post","status-publish","format-standard","hentry","category-auto-industry","category-white-house"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192453"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192453"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192453\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}