December 19, 2008 - GM CEO Rick Waggoner shows off the genial chemistry he shares with COO Fritz Henderson and CFO Ray Young...
December 12, 2008 - The Senate's rejection of the auto industry bailout is obviously a very bad day for the Big 3. GM and Chrysler are on the precipice of total ruin, and unless the Bush administration comes to the rescue they might n...
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December 12, 2008 - The auto bailout: so many twists and turns (car metaphor alert!). First there was going to be an auto bailout. Then there wasn't. And now it maybe be back on if President Bush himself wants to use the $700 billion from the first bailout. But what about us? Who...
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December 4, 2008 - The CEOs of General Motors, Ford, and Chrysler are trying some public relations moves. They're saying that if Congress bails them out with billions, they will only take a dollar a year in salary. It's part of the "we all have to make sacrifices" approach. I guess they...
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December 4, 2008 - The Top Brass at the Big 3 (Or "The Oily Trinity") has said that they will reduce their salaries to $1 dollar a year to show that they really mean business when it comes to a bailout.
They have also made some new promises:
We will build a car that...
Filed under: auto bailout,
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December 4, 2008 - CEOs of the Big Three automakers testified before Congress today, after making a ten hour roadtrip from Detroit in company brand vehicles. This morning, MSNBC aired footage...
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December 4, 2008 - Executives from the Big 3 automakers returned to Washington today to once again plead their case before Congress and beg for upwards of $34 billion to help them stay in business. Among their promises were pledges to refinance debt and cut executive pay. But some lawmakers remained skeptical of a...
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December 2, 2008 - The top executives from the Big 3 automakers will be panhandling around Washington again this week, seeking a financial aid package to avoid bankruptcy. After the executives were shamed last time around for...
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November 20, 2008 - Detroit's Big Three failed to secure an emergency $25 billion bailout for the auto industry. Said a suddenly conservative Nancy Pelosi, "Until they show us the plan, we cannot show them the money." Harry Reid offered to call Congress back into session on Dec 2, if the Big Three...
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November 17, 2008 - The auto industry is trying to impress upon Washington that they need a bailout, or else American car manufacturing will be no more. Most people who have driven an American car in the past decade are wonde...
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