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Auto Bailout

Obama Administration: General Motors IPO Will Be Exclusive: U.S. wants to fast-track GM IPO

Reuters | Kevin Krolicki and John Crawley | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in...

Toyota Asks California For $2 Million For Employee Training -- But They're Closing Shop In 2010

latimes.com | Marc Lifsher | Posted 05.25.2011 | Business

Reporting from Sacramento - Toyota Motor Corp. is closing California's last automobile plant, but that isn't keeping the factory from asking the stat...

A Manufacturing Manifesto for Mr. Bloom

Gilbert B. Kaplan | Posted 05.25.2011 | Business
Gilbert B. Kaplan

The ultimate goal must be to bring manufacturing back to a critical mass in this country. One major problem is that all the input suppliers and customers for manufacturers are moving abroad.

"Cash for Clunkers" Is Really Economics for Dummies

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Using borrowed money to subsidize the purchase of foreign made automobiles does not make economic sense. "Cash for Clunkers" is a showroom lemon masquerading as brilliant economic policy.

Cash For Clunkers Will Survive: White House

nytimes.com | MATTHEW L. WALD | Posted 05.25.2011 | Business

WASHINGTON - The White House said Friday that the 'cash for clunkers' program was still alive even though new-car shoppers appear to have already snap...

Ford's South Side Factory Rests Hopes On New Taurus

Crain's Chicago Business | John Pletz | Posted 05.25.2011 | Chicago

The moment of truth has arrived for Ford Motor Co.'s factory on the far South Side. The new Taurus, the latest and most visible part of Ford's makeove...

Retired Auto Workers Have Their Say (Video)

The Real News | Posted 05.25.2011 | Politics
The Real News

This video is the first in a series of discussions with a group of retired autoworkers in Detroit.

Congress Demands GM/Chrysler Carfax Report

Duncan Quirk | Posted 05.25.2011 | Comedy
Duncan Quirk

Bachmann: "Gangster Government" Turning U.S. Into "Sinking Titanic"

Huffington Post | Susan Crile | Posted 05.25.2011 | Politics

Congresswoman Michelle Bachman took to the floor of the House of Representatives on Tuesday to call out the "gangster government." She also likened Am...

Obama Embraces Bluedog Paygo and Announces Banks Repaying $68 Billion in Bailout Funds

Rob Kall | Posted 05.25.2011 | Politics
Rob Kall

This is a brilliant two pronged response to the Republican attack machine, showing that the bailout is not thrown away money, on the contrary, that it is bringing a profit to the government.

How To Help Automakers: Get Rid Of The Gibberish Car Names

McClatchy | Brendan Doyle | Posted 05.25.2011 | Business

WASHINGTON -- What exactly is a Cadillac DTS or a CTS and how is a Mercedes CLK different from an SLK?...

Can We Make "Buying American" Cool Again?

Charles J. Brown | Posted 05.25.2011 | Business
Charles J. Brown

We need to acknowledge our share of the responsibility for having "abandoned Detroit." We need to understand that any effort to rebuild the American auto industry requires each of us to start buying American again.

This is Not My Grandfather's GM (In Memoriam or Rebirth)

Mike Smith | Posted 05.25.2011 | Business
Mike Smith

Our clan was a GM Family. That is, until I bought an Acura and I have never looked back.

GM, Chrysler Dealers: Lobbying Capitol Hill For Their Survival

washingtonpost.com | Dana Hedgpeth | Posted 05.25.2011 | Business

Jack Fitzgerald, owner of nine Washington area dealerships -- seven of which are on the chopping block by General Motors and Chrysler -- left his head...

Pinocchio in Drag: Sarah Palin's Latest Lies

Geoffrey Dunn | Posted 05.25.2011 | Politics
Geoffrey Dunn

Palin continues to maneuver herself, haphazardly as it may be, into a run for the presidency in 2012. Through it all she continues to delve in a disturbing duplicity, spewing lies and half-truths.

Chrysler & GM: What Happens if Your Car Blows Up?

Don McNay | Posted 05.25.2011 | Business
Don McNay

I know I'll never forget that horrible sight, I guess I found out for myself that everyone was right. Won't come back from Dead Man's Curve. -Jan and...

First, Stop the Hemorrhaging

Rev. Jesse Jackson | Posted 05.25.2011 | Business
Rev. Jesse Jackson

Clearly, the hemorrhaging of jobs is outpacing the stimulus. We need a new, comprehensive strategy, a bailout plan that is connected directly to reinvesting in and reindustrializing America.

GM Bankruptcy Would Be Most Complicated In History

New York Times | MICHELINE MAYNARD and MICHAEL J. de la MERCED | Posted 05.25.2011 | Business

It is not just lawyers who will be busy handling a G.M. bankruptcy filing, which would be perhaps the biggest and most-watched in legal history. Becau...

GM is Doomed

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Policymakers apparently prefer having companies exist that engineer exotic financial derivatives than a manufactured product that is assembled by a skilled, well-compensated workforce.

Build More Autos Overseas: Marginalize More U.S. Families

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

As I toured the U.S. last week on the 11-state, 32-city "Keep it Made in America" bus tour. I talked to unemployed manufacturing workers who are desperate.

Car-Nage or Industrial Policy?

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

We so completely lack an industrial policy that we are presently working to spend money to maintain our car market while decimating U.S. domestic car producers.

Obama Halves Chrysler's Marketing Budget

Ad Age | Jean Halliday | Posted 05.25.2011 | Business

DETROIT (AdAge.com) -- Chrysler wanted to spend $134 million in advertising over the nine weeks it's expected to be in bankruptcy -- the U.S. Treasury...

10 Cars That Sunk Detroit (SLIDESHOW)

minyanville.com | Scott Reeves | Posted 05.25.2011 | Business

Today's topic: All-American mutts - not the four-legged variety, but the clunkers that killed Detroit. Yup, Detroit's sheer incompetence in design,...

Chrysler Won't Repay Bailout Funds

CNN Money | Chris Isidore | Posted 05.25.2011 | Business

NEW YORK (CNNMoney.com) -- Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year and as part ...

Outsourcing Top Management: The Lesson of Fiat-Chrysler

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

The economists and the media somehow failed to notice that professionals were intentionally sheltered from international competition and instead just trumpeted them as the winners in the global economy.