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Automakers

Automakers' Massive Debts May Derail Bailout

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General...

Dec. 1, 2008 News Update

Richard Valeriani | Posted 05.25.2011 | Politics
Richard Valeriani

This was the first Thanksgiving ever where the turkey pardoned the President.

Changing the Whole Auto Industry, Seriously?

Craig Newmark | Posted 05.25.2011 | Green
Craig Newmark

Entrenched power and mindset within Detroit leadership make it really tough for the auto industry, as a whole, to innovate.

Debunking The $70-An-Hour Auto Worker Gossip

Media Matters | Eric Boehlert | Posted 05.25.2011 | Business

Appearing on NPR last week, Times senior business correspondent Micheline Maynard told listeners that the "hourly wage" of Detroit's union autoworkers...

What Detroit Needs

Aram Khayatpour | Posted 05.25.2011 | Business
Aram Khayatpour

We all make jokes about how lazy and lobby-driven Congress is, and as sad as the truths behind those jokes are, when times are good, we can afford to have government operate like that.

Hypocrisy and Arrogance-A Lesson From the Car Industry on Why Health Care Reform Must Not Fail

Miles J. Zaremski | Posted 05.25.2011 | Politics
Miles J. Zaremski

The American auto CEOs came hat-in-hand to Washington, DC last week, to bail out their companies, and yet they came without a plan. Instead, they wanted $25 billion.

Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

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

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

Get Your Head Out of Your Detroit

Joel Shukovsky | Posted 05.25.2011 | Business
Joel Shukovsky

President-elect Obama risks making the first big mistake of his administration if he condones a $25 billion bailout with these corporate yahoos still at the wheel.

Nissan Pulls Out Of Chicago And Detroit Auto Shows To Save Money

Associated Press | Posted 05.25.2011 | Chicago

Nissan says it is pulling out of the Detroit and Chicago auto shows as it cuts its marketing budget in the tight auto market. The announcement comes...

Bailout GM, But Here's What to Demand

David Blume | Posted 05.25.2011 | Business
David Blume

When Sweden mandated that most fuel stations carry alcohol at the pump, GM's Saab division quickly engineered the model 9-5 to be an advanced flexible-fuel vehicle.

Smart Ways to a Bailout -- Step 1: Stop Demonizing the UAW

Art Levine | Posted 05.25.2011 | Politics
Art Levine

You've probably heard claims about those inefficient UAW members supposedly making $70 an hour, including benefits, making unions the prime culprit in the failures of the Big 3 automakers. But it's all a big lie.

Buffett: Automakers Need Bailout Or Bankruptcy

AP | JOSH FUNK | Posted 05.25.2011 | Business

OMAHA, Neb. — Billionaire investor Warren Buffett says U.S. automakers need a new business model to better compete, whether it takes bankruptcy ...

Automaker Bankruptcy Could Be "Prepackaged" By Obama Administration

Bloomberg | Posted 05.25.2011 | Business

President-Elect Barack Obama`s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry's fi...

What to Do With Detroit?

The Real News | Posted 05.25.2011 | Politics
The Real News

"Governments around the world have always been proactive in growing and nurturing industries like the auto industry. In North America for the last couple of decades, we haven't done that."

How to Create a Successful Auto Manufacturer Bailout Plan

Grant Cardone | Posted 05.25.2011 | Business
Grant Cardone

I was recently asked to participate on a forum with the LA Business Journal whereby six CEO's weigh in with their opinions of the Government Bail Out of the Automotive Companies.

American Cars

Max and the Marginalized | Posted 05.25.2011 | Politics
Max and the Marginalized

We wanted to make a song describing the inseparability of our inflated notion of American glory associated with our automotive industry in the very style of the 70's power-pop songs that helped create the notion itself.

Automakers Get Deadline To Make Their Case

AP | KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — Democratic leaders ordered Detroit's Big Three automakers Friday to submit what amounts to a detailed loan application to Congress ...

Do It For Me, Matchbox Man

Logan Nakyanzi Pollard | Posted 05.25.2011 | Business
Logan Nakyanzi Pollard

From the fireworks in DC this week, you might think the auto crisis is out of your hands, but we're all complicit: government, CEOs, autoworkers, the public.

The Hits Just Keep Coming

Lance Simmens | Posted 05.25.2011 | Politics
Lance Simmens

We have been rudderless for some time, and it shows. The call to public service is now more urgent than at any time in our nation's history.

A Kid from Car Country

James Moore | Posted 05.25.2011 | Business
James Moore

Once this grim place was the most alluring in America. The engine of the world was built here in Michigan. And it is hard to believe we are simply going to let it run out of gas.

Will We Let Detroit Go and the Recession Deepen Out of Disgust Over Financial Bailout?

David Paul | Posted 05.25.2011 | Business
David Paul

We have watched one bailout unfold, and we have not been impressed. We heeded the Wise Men, and now we feel violated. But how do we now hold failing auto companies to a higher standard?

Big Three CEOs And Their Private Jets (PHOTOS)

Huffington Post | Posted 05.25.2011 | Business

The CEOs of the nation's biggest three automakers flew to Washington DC yesterday to make their case before congress that the auto industry is despera...

Obama's One-Time Opportunity: to Restructure the American Economy

Paul Wagler | Posted 05.25.2011 | Business
Paul Wagler

Restoring economic growth alone will not restore our fortunes. In fact, too rapid growth -- in house construction, in stock prices and in energy consumption -- has caused the present problem.

Bail Out Detroit -- Right Now!

Matthew DeBord | Posted 05.25.2011 | Green
Matthew DeBord

We could let Detroit fail and throw money at the many future-car startups that are currently out there, but that won't provide enough product to market to deliver the improvements we require.

Romney's Idiotic Plan for Detroit

Toby Barlow | Posted 05.25.2011 | Business
Toby Barlow

Let's not be coy about the real agenda here. Republicans like Mitt Romney see this as an opportunity to wage war against the UAW.