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 3, 2008 - The CEO's of Detroit's Big (but quickly shrinking) Three are driving hybrid cars to Washington to retrieve an illicit tape mistakenly mailed to Rick Wagoner of GM's girlfriend...
Filed under: Alan Mulally,
Automaker Bailout,
Automakers,
Big Three,
Big Three CEOs,
Cars,
Economy,
Financial Crisis,
Rick Wagoner,
Robert Nardelli,
Business
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