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Auto Industry

Five Mistakes by DC and Detroit Hurt Detroit Three's Survival Shances

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Sen. Reid's new bailout bill for the Detroit Three does not set additional fuel-economy requirements, nor does it establish a government oversight board. That's two strikes against getting our money's worth.

The Peculiar Politics of Bailing Out Detroit

Carl Pope | Posted 05.25.2011 | Politics
Carl Pope

The management of GM doesn't deserve to be bailed out, and it's not clear to me that a bailout would work -- certainly not as long as the company continues its "change as slowly as possible" pace.

Desperate Auto Dealer: Buy 1 Car, Get 2nd For $1

Chicago Tribune | Lolly Bowean | Posted 05.25.2011 | Chicago

An Oak Lawn car dealership has started a new and unusual promotion: Buy one 2008 Chrysler Pacifica and get a second car, a 2008 PT Cruiser, for $1. F...

Auto Workers Union Rules Out Concessions To Help Detroit Bailout

Huffington Post | Nicholas Graham | Posted 05.25.2011 | Business

With the House of Representatives pledging an aid package for the auto industry, the United Auto Workers (UWA) union fanned the flames a bit by refusi...

Can We Stop Pretending California is 'Green,' Now?

Jeffrey Feldman | Posted 05.25.2011 | Green
Jeffrey Feldman

Americans everywhere will continue to have sympathy with all those who suffer in your fires, but if you want us to take your claims to being 'green' seriously, start getting your suicidal groundwater abuse under control, California.

Detroit's Rebirth as the "Arsenal for America's Future"

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

What a boon it would be to have a renaissance of our historic "Detroit Arsenal," with our government and the automobile industry working together once again on a program critical to the nation's well-being.

10 Cars That Sank Detroit

US News | Rick Newman | Posted 05.25.2011 | Business

The global financial crisis is suffocating the Detroit automakers, but the problems at General Motors, Ford, and Chrysler have been festering for year...

Pelosi Pledges Aid To Automakers, Strings Attached

AP | KEN THOMAS | Posted 05.25.2011 | Politics

WASHINGTON — House Speaker Nancy Pelosi said Saturday the House would provide aid to the ailing U.S. auto industry, requiring that the industry ...

The Daily Szep: Caricature of GM's G. Richard Wagoner Jr.

Paul Szep | Posted 05.25.2011 | Politics
Paul Szep


Car Confidential

Roseanne Colletti | Posted 05.25.2011 | Business
Roseanne Colletti

Many automobile dealers contend it's not that consumers lack money, or credit or jobs, but that they have a serious lack of confidence.

Bush's Last Gamble

David Sirota | Posted 05.25.2011 | Politics
David Sirota

Obama will not support linking the Colombia Free Trade Agreement to economic stimulus. That's good policy and good politics. It will also prevent Bush's last-ditch effort to fracture the Democratic Party.

Bush Wants $25B In Loans Released To Carmakers

AP | JULIE HIRSCHFELD DAVIS and KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — Running out of time and scrambling for votes, supporters of a $25 billion government bailout for the teetering U.S. auto industry o...

Give GM Real Help, Not Guilt-Driven Charity

Bart Motes | Posted 05.25.2011 | Business
Bart Motes

The government can use the bailout money to set up a new universal healthcare and pension plan, releasing the industry of this massive obligation and giving them the opportunity to be competitive and a strong force in the marketplace.

Thoughts on GM from a GM Family

Ricky Van Veen | Posted 05.25.2011 | Business
Ricky Van Veen

All four of my grandparents were lifelong GM employees and my father worked there when he was young. Accordingly, its recent collapse has been a topic of conversation in my family.

GM Wants A Bailout? Here Are The Conditions

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

General Motors' lobbyists are trying to terrify the nation into keeping the company on life-support with another $25 billion bailout.

The Right Way To Bailout The Auto Industry

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

Up to 3 million jobs -- directly in the industry and secondary jobs that rely on the auto industry's output -- would be effected by a collapse of the industry. That can't happen.

Bail Out the Workers, Not the Plants

Amitai Etzioni | Posted 05.25.2011 | Business
Amitai Etzioni

Rescuing the Big Three is the contemporary version of saving the buggy and whip makers instead of investing in tomorrow's equivalent of car makers -- green industries, public transportation, and new technologies.

Democrats Ready Emergency Legislation To Aid Auto Industry

New York Times | DAVID M. HERSZENHORN and CARL HULSE | Posted 05.25.2011 | Politics

Democratic Congressional leaders said Tuesday that they were ready to push emergency legislation to aid the imperiled auto industry when lawmakers re...

The Next Economic Stimulus Should Help Those Who Need it Most

Josh Nelson | Posted 05.25.2011 | Politics
Josh Nelson

Only a broad economic stimulus, targeted to help lower-income Americans, can get our country back on the right track.

Bailouts, Bubbles, Boils, and Trouble

Steve Clemons | Posted 05.25.2011 | Business
Steve Clemons

Economic recovery cannot mean re-enabling the gluttony of manic consumption without pumping up "production" and getting a more balanced portfolio between what we produce at home and ship in from others.

The Next Bailout: Handouts or Hybrids?

Bill Scher | Posted 05.25.2011 | Green
Bill Scher

With the auto industry in dire straits, we taxpayers have maximum leverage to demand the cars necessary to help lower energy costs, cut carbon emissions and reduce our dependency on foreign oil.

Buy American, Again

Patrick Takahashi | Posted 05.25.2011 | Politics
Patrick Takahashi

When the second economic stimulus package is passed, the President should suggest that, as an act of loyalty to country, those planning to use this gift as down payment for a car, Buy American.

Not a Dime... Unless

Murray Fromson | Posted 05.25.2011 | Business
Murray Fromson

What a way to emerge from the excitement of last Tuesday's election than to read about the three major automakers plea for another handout.

Dem Leaders Want Bush To Aid Auto Industry

AP | DEB RIECHMANN | Posted 05.25.2011 | Business

WASHINGTON — Democratic leaders in Congress asked the Bush administration on Saturday to provide more aid to the struggling auto industry, which...

Porsche Profits Soar On Volkswagen

AP | MATT MOORE | Posted 05.25.2011 | Business

FRANKFURT, Germany — Luxury car maker Porsche SE said Friday its profits soared by 52 percent in its latest fiscal year _ driven higher by gains...