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 8, 2008 - Congress is considering creating the post of a "car czar" to oversee the bailout of the Big 3. There has never been such a position in the history of the United States, although for the record, we prefer the old-fashioned "tsar" spelling. So far no names have been circulated...
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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...
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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 - Just to show exactly how much trouble the Big Three car-makers are in, the United Auto Workers union has actually agreed to make some concessions in their contracts if it will help get a government loan pushed through. History...
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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 19, 2008 - Should we bail out the auto industry? Congress is deciding who gets our money, and they brought the leaders of the Big Three, plus an AAUW head to testify. Maybe you missed it. We didn't...
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