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Automakers

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.

Friday Talking Points [55] -- "Bretton Woods II"? Not Quite.

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

I have to begin here today by stomping all over a cutesy term the media has come up with for the upcoming economic "summit" George W. Bush is holding ...

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.

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.

Adding Teeth to a Detroit Bailout

Laurie David | Posted 05.25.2011 | Politics
Laurie David

Now that Detroit is begging for a handout to save itself, Congress should demand in return a serious, long-overdue increase in fuel efficiency standards for new cars and trucks.

Bailout Brainstorm 2: More Ignorant Questions from a Confused Citizen

David Quigg | Posted 05.25.2011 | Business
David Quigg

When the road-builders, bridge-builders, and school-builders get some money in their pockets, they may do more for automakers than any bailout can.

Obama Suggested Bush Help Automakers, Aides Say

AP | JENNIFER LOVEN | Posted 05.25.2011 | Business

WASHINGTON — President-elect Obama suggested to President Bush that the administration immediately provide extra help to struggling U.S. automak...

Ford Announces $129M Loss, 10 Percent American Salaried Job Cuts

AP | TOM KRISHER and JAMES PRICHARD | Posted 05.25.2011 | Business

DEARBORN, Mich. — Ford Motor Co. said Friday it lost $129 million in the third quarter as the struggling automaker burned through $7.7 billion i...

Chrysler Cutting At Northern Illinois Plant

AP | Posted 05.25.2011 | Chicago

Chrysler is offering buyouts to all 2,600 employees at its northern Illinois assembly plant. Spokesman Ed Saenz says offers are going out to 2,400 un...

CEOs, Pelosi Talk About More Aid For Automakers

Reuters | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The White House left the door open on Thursday for potentially backing additional financial aid for U.S. automakers as industry...

Bush Administration Refuses Aid To Automakers For Merger

DealBook | Posted 05.25.2011 | Business

A deal to merge General Motors and Chrysler has hit an impasse after the Bush administration ruled out financing for it, Reuters reported, citing thre...

Detroit Has to be Saved

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

The de facto Depression underway worldwide will trigger consolidations. Strong will eat weak; cash-rich will eat debt-laden and consumer spending will shrink along with economies.

Auto Job Losses Keep Coming

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — The employment carnage in the ever-shrinking U.S. auto industry continued Thursday as Chrysler LLC announced it would get rid of 1,825...

Chrysler to Cut 25% of Salaried and Contract Jobs

New York Times | Nick Bunkley | Posted 05.25.2011 | Business

The automaker said that it would offer buyout and early retirement packages in the next two weeks and that layoffs would follow in December. As many a...

Automakers Scaling Back Financial Support Of NASCAR

Washington Post | Liz Clarke | Posted 05.25.2011 | Business

For decades, the success of NASCAR's brand of high-octane, fender-banging stock-car racing has been intertwined with the fortunes of the U.S. automoti...

Obama Vs McCain: OTB Policy Wonks Weigh In On Where The Candidates Stand On Key Issues

Off The Bus | Posted 05.25.2011 | Home
Off The Bus

As the Wall Street crisis and recent bombing in Pakistan have made all too clear, there are crucial global, financial and social issues that the next president will be focused to grapple with. This week OffTheBus writers have tossed aside the lipstick and plunged into some of the most pressing issues in the election by analyzing key policy differences between Senators Barack Obama and John McCain.

Wall Street Credit Crash Threatens To Tank U.S. Auto Industry

Diane Tucker | Posted 05.25.2011 | Home
Diane Tucker

"Every job lost on Wall Street impacts two-to-three jobs on the outside. By comparison, every job lost at an auto plant impacts nearly 10 jobs on the outside... We don't want to know what happens if the domestic auto industry gets away from us."

Senate Approves $25 Billion Automaker Loan In Spending Bill

AP | ANDREW TAYLOR | Posted 05.25.2011 | Business

WASHINGTON — Automakers gained $25 billion in taxpayer-subsidized loans and oil companies won elimination of a long-standing ban on drilling off...

House Loans Automakers $25 Billion

Financial Times | Bernarn Simon | Posted 05.25.2011 | Business

The House of Representatives on Wednesday approved a $25bn package of low-cost loans to help hard-pressed carmakers and their suppliers finance plant ...

Everything You Need to Know About the New Chevy Volt

Maura Judkis | Posted 05.25.2011 | Green
Maura Judkis

GM just lit up the Internet with opinions from car lovers and tree-huggers everywhere. Here's a quick guide to everything you need to know about the car of the not-so-distant future.

Brigham Young Would Be Proud

Carl Pope | Posted 05.25.2011 | Green
Carl Pope

Unless we lower demand, the price for oil is going up over the next seven years, not down. There is, after all, considerable evidence that when the oil industry speaks, the Bush administration listens.

Using the "D" Word -- And How to Duck It

Carl Pope | Posted 05.25.2011 | Green
Carl Pope

The auto industry thought it had ten more years of maintaining a share of the U.S. market with trucks and SUVs. It got caught napping. But it had never planned, once it woke up, to modernize its American manufacturing base.

Will 2010 be the Year of the Green Car?

Michael Graham Richard | Posted 05.25.2011 | Green
Michael Graham Richard

It seems like the next generation of green(er) cars will be with us soon. A slew of announcements for plug-in hybrids and electric car all show the same time stamp: 2010. Here's what's coming up.

Automakers view China as one of the top markets in world

AP | JOE McDONALD | Posted 05.25.2011 | Business

BEIJING — Automakers issued ambitious forecasts Sunday of up to 65 percent sales growth in China's booming market this year _ a striking contras...

Oil Hits Record High, Hurting Nearly All

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The price of oil gushed to a record high Monday, spreading dangerously to factories, groceries, gas stations and every citizen's po...