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Auto Bailout

Are You Intelligent Or Just Intellectual?

Russell Bishop | Posted 11.17.2011 | Healthy Living
Russell Bishop

Indeed, many of the negativists of the world seem to engage in an insidious game, using their intellect, but not their intelligence, to argue against the potential for positive focus or improvement.

GM, Chrysler Reconsider Thousands Of Dealership Closings

AP | STEPHEN MANNING | Posted 05.25.2011 | Business

WASHINGTON — General Motors Co. and Chrysler will reconsider decisions to close thousands of dealerships as part of a compromise meant to stave ...

A Lesson for Barack Obama From the Harold Washington Playbook

Rebecca Sive | Posted 05.25.2011 | Chicago
Rebecca Sive

Chicago Mayor Harold Washington never did move away from his people; he stuck with them; he delivered for them. The result: They stuck with him.

GM CEO: We'll Repay The Government By The End Of June

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — At his first meeting with General Motors' top executives after being named chairman last summer, Edward Whitacre Jr. candidly, perhaps...

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.

Auto Bailout Could Leave Taxpayers With Heavy Losses

Ap | Christopher S. Rugaber, AP Economics Writer | Posted 05.25.2011 | Business

WASHINGTON (AP) -- Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight pan...

"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...

'Cash For Clunkers' To Be Suspended: AP

AP | KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — The White House said Thursday it was reviewing what has turned out to be a wildly popular "cash for clunkers" program amid concerns...

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...

Obama Admin Plans To Sell Car Shares As Soon As It Can

AP | KIMBERLY S. JOHNSON | Posted 05.25.2011 | Politics

DETROIT — The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos ...

GM Expected To Exit Chapter 11

AP | TOM KRISHER and KEN THOMAS | Posted 05.25.2011 | Business

DETROIT — General Motors completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars...

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 a...

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.