According to the Executive Heads are in America 3 million jobs through the bad situation of the auto industry threatened 20th November 2008 The kriselnde American auto industry, due to political disputes in Washington are not quick to state grants hope. As the CNN television on Wednesday evening (local time) reported, said the Democrats in the Senate this Thursday a planned test vote on an aid package worth 25 billion U.S. dollars from. There was no majority for the motion, it was on the ground. The leaders of the three major American carmakers had previously at hearings in Congress before the collapse of the auto industry warned. The industry has been seriously wounded in their struggle for a state aid package but enormous hurdles to overcome: In the hearings before committees of the Senate and the House of Representatives on Tuesday and on Wednesday advertised the chairman of General Motors, Ford and Chrysler for state Notkredite amounting to 25 Billions of dollars and painted grim scenarios in the event that one or several manufacturers plunging into insolvency. Many MPs expressed their view but with such a rescue operation critical to manufacturers and threw their own failures before. "It does not look good" "I would not say that it is over. I still do interviews. But it does not look good, "said Republican Senator Robert Bennett. The chairman of the Senate Banking Committee, Christopher Dodd, said the chances of a compromise solution were low. On the subject * Car bosses in cross examination Unpleasant issues * American car makers want 25 billion financial injection from the state * Video: American carmakers are asking for government assistance * Link to the page special car crisis The share prices of carmakers continued on Wednesday continued their descent. General Motors had until the close of trading in New York, a minus of 10 percent to 2.60 U.S. dollars to accept the share of Ford slipped by 25 percent to below 1.30 U.S. dollars. An existential crisis All three American car manufacturers are currently stuck in an existential crisis. The liquidity ceiling by General Motors, Ford and Chrysler is shrinking fast. Chrysler CEO Bob Nardelli said in the hearing without an immediate assistance of the state would cash his company fall below a minimum to ensure the business continues to lead. General Motors has a similar warning recently been in the presentation of its quarterly figures pronounced. Rick Wagoner, CEO of General Motors, said in Washington, the collapse of the American auto industry would become a "catastrophic collapse" for the economy of the whole country. After his presentation would be the downfall of American manufacturers trigger shock waves through within a year, three million jobs lost in America. My mistake wanted the chairman hardly admit Wagoner stressed the need for insolvency under Chapter 11 of U.S. bankruptcy laws to avoid - an option that several senators mentioned. Such an insolvent company should allow its operations and continue to restructure. But Wagoner said a bankruptcy would threaten the very existence. In his view would require a majority of consumers no cars from a bankrupt manufacturer want to buy because they fear that warranty claims could not be met. The chairman schoben the blame for the current plight primarily on the financial crisis - and hardly wanted to admit their own mistakes. Rather, they pointed to the fact that after massive restructurings in recent years in the way of improvement were before them now by the consequences of the financial crisis was recorded. Chrysler chief Nardelli said that in the event of an emergency package, he would reduce his annual salary to one U.S. dollars agree. Salary cuts could also send employees in Europe: What became known, could Carl-Peter Forster, president of General Motors in Europe, for the next 14 months the Group all contractually guaranteed bonus payments, bonuses and other special allowances deleted. A spokesman said there were talks at many levels, such as a savings for the coming year could be laced. Opel's parent company is required by its European airlines savings of 750 million U.S. dollars. The general council chairman Klaus Franz has zero rounds for the Opel employees excluded, but acknowledged that European workers will contribute. Franz said the FAZ, in the case of a 30-hour week would discuss Teillohnausgleiche workers and short of money.
No comments:
Post a Comment