Spring Hill Hopeful About Its Future, Saturn Will Continue to Have an Active Presence at Complex

Mike O'Rourke, president of UAW Local 1853, via the Tennessean: What we factually know is that the Spring Hill Manufacturing facility has been placed in GM's good-asset inventory and that, as of today, the Chevrolet Traverse, which currently is built in Spring Hill, is scheduled to move to Michigan in November. When the Spring Hill plant stops production of the Traverse in late November, our facility will still be producing engines in our powertrain building and stamping metal fabrication parts in our body systems building for other facilities. The Saturn service parts and warehousing will also be in operation.

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Report: Auto Loans Could Come by Friday

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David Shepardson from the Detroit News: Treasury Department officials are weighing the condition of the nation's banks before they loan money to General Motors and Chrysler, possibly by Friday. Treasury Secretary Henry Paulson said automakers would soon get emergency loans but the department is still asking detailed questions of automakers before it allocates any money from the $700 billion Troubled Asset Relief Program, or TARP.