It's always nice to own part of any failing automotive giant from the last century, if the companies are still not viable three, six or even twelve months from now, what will taxpayers' ownership be worth?
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This is a mess. Everybody in the auto industry is staring into the abyss - the automakers, the unions, the suppliers, the dealers - not to mention the government and the taxpayers.
I think the U.S. legislators contemplating this auto industry bailout package should demand Bob Lutz's resignation before dribbling a single dollar into GM's leaky pockets.
Over the last few years, sustaining Ohio has become less profitable for automakers. When the state began to run at a loss, the Big Three began selling off pieces to Germany and Japan.
Whilst the CEOs of these great companies fight to keep them alive in the 21st century, how relevant is it to have three competing with each other to produce last century's technology?
STOCKHOLM, Sweden — Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear.
Just like rappers, Wall Street execs spend obscene amounts of money on strippers, cars, vacations and houses. How come their houses and cars aren't being repossessed like all the rappers?
Nobody on cable news seems to think that consumers will have any problem buying cars from a company that has filed for bankruptcy.
On their last visit, the auto execs asked Congress for $25 billion in bailout loans. A nice round number. So nice and round that it sounded like it had been plucked from thin air.
For years, we have been exporting pollution and excess to the rest of the world, in the form of gas hogs that don't work, suck up cash and destroy the environment.
Instead of taking advantage of cutting edge technology, American automakers and NASCAR tap into obsolete technology that even car consumers aren't buying anymore.
The Big Three claim their industry is tanking not because of their refusal to change their gas-guzzling car designs, but because evil workers are demanding their contractually promised benefits.
Picture a massive caravan of thousands of people effected by the auto industry landing up in front of the Capitol demanding action to save their jobs and staying there until Congress acts.
Globalization's cheerleaders claim unfettered free trade has created astronomical income growth, but the majority of working Americans haven't seen the improvement in their bottom lines.
What was completely predictable, if thoroughly heavy-handed, was the way the visual media shaped "The Return Of The Auto Executives" into a classic morality play.
We should be selling cars like clothes: big family? You need a big car. Small family? You don't get to drive a Hummer for one person.
Do you think Paulson wanted an enforcement mechanism in the bill? Not if the banks wanted liquidity more than they wanted to lend.
DETROIT — Worried about their jobs and warned that the cost of failure could be a depression, hundreds of leaders of the United Auto Workers vot...
What we have is De Gaulle-style socialism (state-funded corporations, cronyism, an overstuffed military), but without free and decent French schools, doctors and trains.
It makes more sense for Congress to tell ExxonMobil, ARCO, Chevron, ConocoPhillips and their fellow travelers that they should lend the automobile industry $25 billion
You'd think an automotive apocalypse was nigh. In their pleadings to the government, executives from General Motors, Ford, and Chrysler make it sound ...
DETROIT — The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delayed payments of billi...
STOCKHOLM, Sweden — The Swedish government confirmed Monday it is in talks with General Motors Corp. and Ford Motor Co. after a report that the ...
The CEOs need to be replaced by ambitious executives with a commitment to public service. There's an excellent model for recruiting such professionals. It's called the U.S. Attorney's Office.
Should the Government Bail Out the Big Three U.S. Automakers? HuffPost Bloggers Weigh In...
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