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U.S. auto industry pulls back from pension brink 11/19/10

http://www.reuters.com/article/idUSN1919198420101119


By John Crawley; Reuters ~ Nov 19, 2010

 

·         GM, Chrysler, suppliers keep plans after bankruptcies 

·         Insurer sees fewer pension plan terminations 

·         Industry pension failures had threatened US PBGC health

 

WASHINGTON, Nov 19 (Reuters) - U.S. automakers and suppliers, led by a resurgent General Motors Co (GM.N), have retreated from the brink of a pension crisis, to the relief of the deficit-heavy pension insurance program.

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