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LONDON/GRAZ, Austria (Reuters) - Ford Motor Co chose China's Geely as preferred bidder for Volvo Cars while Magna said it still hoped to clinch a deal to buy a majority stake in Opel from GM after a board meeting on November 3 The shake-up of a car industry pummeled by the deepest crisis in decades continued, as Italy's Fiat readied for the November 4 presentation of the five-year plan it hopes will turn around struggling partner Chrysler in Detroit.

The first face-to-face meetings between dealers and the companies on the issue come as Congress weighs legislation that could force GM and Chrysler to reverse their closure decisions despite their argument that the cuts are needed to save costs.

UAW Talks GM renewed talks with the UAW last week and is proposing a labor-saving agreement similar to that approved earlier by Chrysler LLC workers, Rapson told union leaders this week at meetings in Cleveland, according to people who attended the sessions or were briefed by participants.

The annual meeting in Wilmington, Delaware, came just two weeks after Chrysler filed for bankruptcy protection and amid industrywide concerns that rival General Motors Corp ( GM .

"I raise these concerns because I have a trembling fear that Chrysler has gone bankrupt incentivized by policies and GM appears next," Jackson said at the meeting.

Members of the administration's task force toured GM and Chrysler facilities in the Detroit area earlier this week, checking new technology and meeting with company executives.

Details of the meeting were not disclosed, but substantial concessions by the labor group are considered crucial for saving GM and Chrysler and for insuring continued federal assistance for the companies.

By David Bailey DETROIT (Reuters) - Members of the Obama administration's autos task force toured General Motors Corp (NYSE: GM - News ) and Chrysler facilities in the Detroit area on Monday, checking new technology and meeting with company executives.

The task force has already talked with top executives of GM and Chrysler at closed-door meetings in Washington.

[ID:nT184869] Investors were keen to see the outcome of a meeting betweenthe U.S. auto task force, GM, Chrysler and officials from theUnited Auto Workers in Detroit this week after auditors raiseddoubts about GM's ability to survive outside bankruptcy.

Document Matches :

NEW YORK - Troubled auto and home lender GMAC Financial Services said Monday CEO Alvaro de Molina is stepping down. Michael A.

By Keith Naughton, Adam Satariano and Duane D. Stanford Sept. 5 (Bloomberg) -- At Activision Blizzard Inc .

Is there such a thing as a good bailout? If you're the one getting the money, you might think so.

By Keith Naughton, Adam Satariano and Duane D. Stanford Sept. 4 (Bloomberg) -- At Activision Blizzard Inc .

By Keith Naughton, Adam Satariano and Duane D. Stanford Sept. 4 (Bloomberg) -- At Activision Blizzard Inc .

By Keith Naughton, Adam Satariano and Duane D. Stanford Sept. 4 (Bloomberg) -- At Activision Blizzard Inc .

The last vestiges of the business partnership between The Denver Post and the defunct Rocky Mountain News have been dissolved, with Post owner MediaNews Group...

By John Hughes and Robert Schmidt July 13 (Bloomberg) -- Steven Rattner , the Wall Street executive who helped the government guide General Motors Co.

By Jeff Green July 10 (Bloomberg) -- General Motors Co. , a new automaker majority-owned by the U.S.

By Jeff Green July 10 (Bloomberg) -- General Motors Co. , a new automaker majority-owned by the U.S.