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Automakers: Apology Accepted

Jim Wallis | Posted 05.25.2011 | Business
Jim Wallis

If we are honest with ourselves, we realize that the very mistakes the leadership of GM, Chrysler, and Ford have made are all too recognizable in ourselves -- even if there are drastic differences of scale.

Ford Bailout Money Unnecessary, Company Says

AP | KIMBERLY S. JOHNSON and TOM KRISHER | Posted 05.25.2011 | Business

DEARBORN, Mich. — By shunning government loans, Ford Motor Co.'s top executives say they hope to buff up the automaker's image and set it apart ...

Boycott Alabama: Joe Babiasz, Big Three Sympathizer Angry At Sen. Shelby, Starts Site

WWJ Newsradio 950 | Posted 05.25.2011 | Business

Joe Babiasz says he's sick of the 'circus of the Senate hearings'--and he wants 49 states and the District of Columbia to boycott the state of Alabama...

Rebuilding Our Economy From the Ground Up

Scott Kurashige and Grace Lee Boggs | Posted 05.25.2011 | Politics
Scott Kurashige and Grace Lee Boggs

In one of the great events in our nation's history, the United Auto Workers brought GM to its knees with the Flint sit-down strike of 1936-37. For six...

House OKs $14B auto bill _ but it's still in peril

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Business

WASHINGTON — A $14 billion rescue package for the nation's imperiled auto industry sped to approval in the House Wednesday night, but the emerge...

"Ass-Backwards" Auto Bailout Deal Will Get Filibuster, Says Senator

AP | Posted 05.25.2011 | Business

The Associated Press reports that Senator David Vitter of Louisiana has a particularly strong opinion of the proposed auto bailout deal: Sen. David V...

Big 3 Failure Would Cost Taxpayers Billions, Too

AP | ALAN FRAM | Posted 05.25.2011 | Business

WASHINGTON — The U.S. auto industry's problems will cost taxpayers plenty whether or not the government helps Detroit. Just walking away and le...

Bush Would Pick "Car Czar," Pelosi Likes Volcker

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Business

WASHINGTON — Weary Democratic congressional leaders and White House officials agreed in principle Tuesday on a $15 billion bailout of U.S. autom...

GM Turns Lutz Loose, Hopes "Straight Talk" Will Help

New York Times | Posted 05.25.2011 | Business

On Monday, the 76-year-old Mr. Lutz gave his first interviews since the Big Three's campaign for a bailout began, and he dispensed with the polite, an...

The Auto Bailout and Post-Partisanship?

Hoyt Hilsman | Posted 05.25.2011 | Politics
Hoyt Hilsman

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.

US Could End Up With Large Stake In GM, Others

Wall Street Journal | GREG HITT | Posted 05.25.2011 | Business

WASHINGTON -- Congress and the White House inched toward a financial rescue of the Big Three auto makers, negotiating legislation that would give the ...

Most Stolen Cars In The US

ABC News | Posted 05.25.2011 | Business

The 2007 Cadillac Escalade ESV, a full-size luxury SUV, has the highest theft-claim frequency of any vehicle by a long shot. It's 15 times more likely...

Automotive Chiefs Announce Further Restructuring, Closing Ohio

Aemilia Scott | Posted 05.25.2011 | Business
Aemilia Scott

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.

Big Three Reorganization Said To Really Cost $75-$125 Billion

New York Times | BILL VLASIC | Posted 05.25.2011 | Business

Mark Zandi, chief economist of Moody's, testified before Congress last week that the Big Three's request for $34 billion in loans "will no...

General Motor's VP Bob Lutz's Green Pose

James Hoggan | Posted 05.25.2011 | Green
James Hoggan

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.

Deal Reached In Principle On $15B Auto Bailout

HuffPost/WP/AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Business

UPDATE 12/09 at 9:58PM: The Associated Press reports that a deal on a $15 billion auto bailout has been reached in principle: Congressional aides an...

9/11 Fund Overseer Kenneth Feinberg Floated As New Auto 'Czar'

Posted 05.25.2011 | Business

UPDATE 3:30pm EST: A spokeswoman for Feinberg tells Huffington Post that he has not been approached about the position. "He doesn't know anything abo...

Inefficient Hybrids Driven By Big Three CEOs Made The Wrong Point

Green Inc. | Libby Rosenthal | Posted 05.25.2011 | Green

Robert Nardelli of Chrysler drove his company's Aspen Hybrid S.U.V., which gets 22 miles per gallon on the highway and 20 in the city. Ford's Alan Mul...

Why the World Needs Green Motors, not General Motors...

Gavin D. J. Harper | Posted 05.25.2011 | Green
Gavin D. J. Harper

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?

Jon Stewart's Autoerotic Explanation: "Give Them The Money!" (VIDEO)

Comedy Central | Posted 05.25.2011 | Business

The Daily Show's Jon Stewart offered a personal comment on the proposed bailout of American automakers Chrysler, Ford and General Motors. In about tw...

80% Of Consumers Won't Buy A Car From A Company That Files Bankruptcy

Jane Hamsher | Posted 05.25.2011 | Politics
Jane Hamsher

Nobody on cable news seems to think that consumers will have any problem buying cars from a company that has filed for bankruptcy.

Congress, White House talking $15B auto bailout

AP | DAVID ESPO | Posted 05.25.2011 | Business

WASHINGTON — Stunned by the loss of 500,000 jobs, congressional Democrats and the White House reached for agreement Friday on about $15 billion ...

Chrysler CEO says bankruptcy possible without loan

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — Chrysler LLC Chief Executive Robert Nardelli told lawmakers considering financial support for the auto industry Friday that Chrysler w...

Ford's Viability Plan Outlines Shift Toward "Electrified Vehicles"

ClimateProgress | Posted 05.25.2011 | Business

Joe Romm at ClimateProgress gives Ford's viability plan a good grade: Assuming we believe they will do what they say, the reports reveal a fair amoun...

What Would Moses Do?

Francine Hardaway | Posted 05.25.2011 | Politics
Francine Hardaway

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.