Tagged: Automakers

Transcript

DAVID GREENE, HOST:

And now to big money that's tied up in a company's pension fund. Tens of thousands of white-collar Ford retirees will soon have a big decision to make: Should they stay in the auto company's pension plan, or take their chances with a lump sum payout instead? The offer is believed to be the first of its kind for such a large, ongoing pension fund.

Michigan Radio's Lindsey Smith reports.

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a sign of confidence in the U.S. auto industry.

(SOUNDBITE OF MUSIC)

INSKEEP: Berkshire Hathaway has bought 10 million shares of General Motors. The company owned by the billionaire investor Warren Buffett spent just over $200 million for that stake in GM. It is the first time Berkshire has invested in an American automaker.

According to The Wall Street Journal and CBS News, General Motors is planning to pull its ads from Facebook.

That would be a big move because GM has spent about $10 million in Facebook ads and the news comes just days before Facebook goes public on Friday.

The Journal reports: