Short News

US Senate rejects emergency bill to rescue General Motors and Chrysler


While General Motors Egypt is celebrating its 25th anniversary in Egypt with six full-size page advertorials in the 9-page Al-Ahram Automotive Supplement (12.12.2008) we find the situation on the other side of the world very different. The US Senate late Thursday (11.12.2008) rejected an emergency bill to rescue Detroit automakers, heightening prospects that General Motors and Chrysler LLC may collapse and therefor face a very unpredictable future, which will surely affect GM and Chrysler factories and assembly lines worldwide, including the General Motors Egypt factory and the Chrysler AAV Egypt factory in Cairo. "We have not been able to get this over the finish line," Senate Majority Leader Harry Reid said after 10 p.m., following daylong negotiations to broker a deal among lawmakers, automakers, auto workers and other interest groups. A House-passed bill to provide $14 billion in short-term loans - negotiated by the Bush White House and congressional Democratic leaders - was known to be in trouble. But few could have predicted the final stumbling block: A dispute over when UAW workers would consent to have their wages reduced to match those paid to nonunion workers in U.S. import-brand factories like Toyota, Nissan, Mercedes and BMW.

Want to sell your used car or buy one? Then check out our new used car market section here!
Looking for a good service center or aftersales customer service? Did you have any bad experience with your car dealer or service center? Then check our 'automotive evaluation charts' here!

Mohamed Sheta
LIVE on AIR

Every Tuesday
4-7pm live
RadioMasr 88.7 FM

RadioMasr887fm.jpg
RadioMasr 88.7 FM
online live-stream

Autoarabia Group @ Facebook.com


Join Autoarabia Group @ facebook.com
...cars, racing, tuning and events in Egypt and Middle East
Is Egyptian car market corrupt or collapsing?
Is the Egyptian car market collapsing or is it just a corrupt and unprofessional car market? This is surely one of the most asked questions these days. Everybody is asking ...

AutoArabia Consulting

Only for company requests. For readers letters and complaints kindly click here

International Engine of the Year Award

World Car of the Year Award

World Car of the Year

Middle East Motor Awards 2011

MEMA 2011

Latest Video

The new BMW 3 Series. Modelyear 2012

Poll

How do you evaluate the official Volkswagen importer and its service center in Egypt?
  • Very bad. Volkswagen needs a new representative in Egypt, preferably Dogus Auto from Turkey which was official VW Nutzfahrzeuge dealer in Egypt once before.
  • Bad. Volkswagen needs a new representative in Egypt, preferably a new importer from the Gulf region.
  • Average. But Volkswagen still needs a new 'Egyptian' representative or importer in Egypt.
  • Good. Egyptian Automotive Company and Karim El Naggar are doing a good job. Everything should stay the same.



IRF seminar

Road Safety & Public/Private Partnership
International Road Federation