December 19, 2008 - Happy holidays, auto industry! Today President Bush announced that the federal government will be making loans to troubled car giants General Motors and Chrysler, in the hopes of keeping them afloat. Bush said that he made the decision to put the burden on taxpayers due to the recession, but that...
Filed under: auto bailout,
car bailout,
auto industry,
bailout,
recession,
president bush,
george w bush,
recession spending,
general motors,
chrysler,
automakers
December 14, 2008 - The final nail isn't in the coffin yet for the American auto industry, but with the Senate's rejection of the bailout, the grave has definitely been dug. GM and Chrysler could possibly survive if the Bush administration extends...
Filed under: auto bailout failure,
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auto industry bailout,
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bailout Chrysler,
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GM bankrupt,
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auto industry,
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economic bailout,
financial crisis
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...
Filed under: auto bailout,
automobile industry bailout,
auto industry bailout,
auto industry bailout,
auto industry bankrupt,
automobile bankruptcy,
auto companies bankrupt,
Chrysler bailout,
Ford bailout,
GM bailout,
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big 3 bailout,
big 3 auto industry,
big 3 CEOs,
big 3 auto CEOs
December 12, 2008 - The New York Times recently debunked the right-wing fantasy that Detroit auto workers make $73 per hour. Much of that sum is derived not from a worker's s...
Filed under: auto bailout failure,
failed auto bailout,
auto workers bailout,
autoworkers union,
autoworkers union bailout,
auto bailout fails,
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auto workers salary,
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bailout Chrysler,
bailout Ford,
bailout GM,
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Chrysler bankruptcy,
GM bankrupt,
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auto industry,
auto bailout,
economic bailout,
financial crisis
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...
Filed under: auto bailout,
automobile industry bailout,
auto industry bailout,
auto industry bailout,
auto industry crisis,
auto crisis,
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automobile bankruptcy,
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Chrysler bailout,
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big 3 auto industry,
big 3 CEOs,
big 3 auto CEOs
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...
Filed under: auto industry bailout,
auto industry,
economic bailout,
auto industry crisis,
automobile industry bailout,
auto industry meeting,
auto industry hearing,
car company bailout,
Chris Dodd auto industry,
Chris Dodd bailout hearing,
Big Three bailout,
Big Three auto bailout,
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Wall Street crisis,
Harry Reid auto industry bailout,
Harry Reid bailout,
Chris Dodd bailout,
General Motors bailout,
General Motors bankruptcy,
Chrysler bailout,
Ford bailout,
Ford bankruptcy
November 19, 2008 - Disclosure first: I live in Southern California, and I'm almost certain they don't sell American cars here. The cops drive Crown Vics, but only to give the criminals a sporting chance to get away. Makes the freeway chases last longer. Good for ratings.
I guess I've rented...
Filed under: auto industry,
automaker bailout,
automakers,
Chrysler,
Detroit automakers,
Ford,
General Motors,
United Auto Workers,
UAW,
economy,
economic collapse
June 25, 2008 - From today's Los Angeles Times:
...Chrysler....The nation's third-largest automaker is set to announce Thursday that it's making wireless Internet an option on all its 2009 models. T...