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UAW: GM, Chrysler may not need additional federal funds
Tue, 06 Jan 2009UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.
Former General Motors CEO nets multimillion-dollar retirement package
Wed, 15 Jul 2009Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.
Jean Bugatti's final project realized 73 years after his death
Fri, 10 Aug 2012Legendary designer Jean Buggati's final unfinished project has finally been realized by the Mullin Automotive Museum, 73 years after his death. The Southern Californian Museum is devoted to the preservation of French art and automobiles from the Art Deco era, and has announced that the 1939 Bugatti Type 64 Coupe Chassis #64002 project is nearing completion. The museum – alongside Stewart Reed Design of Pasadena and Automobile Metal Shaping Company of Michigan – has added the swooping coupé body to the original chassis based on sketches left unfinished by Bugatti at the time of his death in 1939.