Detroit Bailout

Congressman Asks For $500 Million In Federal Loans To Detroit

The Huffington Post | David Sands | Posted 03.30.2012

Read More: Hansen Clarke Detroit, Video, Detroit Emergency Manager, Detroit Growth and Stability Act of 2012, Federal Loans Detroit, HR 4308, Hansen Clarke, Federal Bailout Detroit, Detroit Consent Agreement, Detroit Bailout, Rick Snyder, Detroit Politics, Detroit News

As Michigan Gov. Rick Snyder wrangled with Detroit City Council and the mayor's office over a possible consent agreement to address the city's financi...

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Michigan, Detroit and the Fall of the Byzantine Empire

James Melton | Posted 05.19.2012

Read More: Detroit Finances, Byzantine Empire, Detroit Emergency Manager, Detroit Bankruptcy, Detroit Management, Wayne County, Detroit Bailout, Detroit Consent Agreement, Detroit News

Folks, it's time to just shut up and focus on what's coming at us across that metaphorical Dardanelles Strait. If the walls are breached, it really won't matter whose fault it is or how it happened. We'll all be in a bad way.

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Detroit Baffled By Romney

HuffingtonPost.com | Sharon Silke Carty | Posted 02.15.2012

Read More: Detroit Automakers, Small Business, General Motors, Mitt Romney, Chrysler Bailout, Economic Recovery, Barack Obama, Detroit Bailout, Business News

DETROIT -- Three and a half years ago, as the auto companies at the heart of this battered city faced bankruptcy, Texas Bar and Grill on Kercheval Str...

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Chrysler Super Bowl Ad Raises Questions About Underlying Political Message

HuffingtonPost.com | Sharon Silke Carty | Posted 02.09.2012

Read More: Sergio Marchionne, Clint Eastwood, Auto Bailout, Video, Chrysler, Chrysler Commercial, Autoshow, Chrysler Bailout, Super Bowl Commercials, Super Bowl, Detroit Bailout, Chrysler CEO, Business News

On Monday, responding to a barrage of criticism from conservative pundits and some football fans, Chrysler chief executive Sergio Marchionne denied th...

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Are We Over It?

AP | By TOM KRISHER | Posted 11.17.2011

Read More: Gm, Dan Akerson, Auto Bailout, Automaker Bailout, Gm Dan Akerson, General Motors, US Automakers, Detroit Bailout, Detroit News

DETROIT -- The American public has gotten past its animosity toward General Motors for taking a government bailout in 2009, the company's top executiv...

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As a Country, We Are in Free-Fall

David Macaray | Posted 12.09.2011

Read More: Financial Crisis, Union Rights, Unions, Detroit Bailout, US Economy, United Auto Workers, Business News

We hear "sell-out" applied to the United Auto Workers and, unfortunately, we hear it applied with little or no understanding of how ferociously the union resisted it, or how forcefully the two-tier configuration was crammed down their throats.

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Rejoicing in Detroit's Newfound Sports Success

Danny Groner | Posted 12.09.2011

Read More: U.S. Economy, Sports, Unemployment, Economy, Detroit, Detroit Lions, Cars, Jobs, Detroit Bailout, Detroit Tigers, Sports News

Still lurking in the shadows are the tough economic times the city has endured, and dark days for one of the country's most famous business towns. Here, a roundup of what commentators are saying about the Motor City's rise from the ashes.

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Chrysler's Debt Repayment Turns Would-Be Profit Into Loss

AP | TOM KRISHER | Posted 09.25.2011

Read More: Chrysler Fiat, 2008 Financial Crisis, General Motors, Chrysler, Great Recession, Detroit, Chrysler Bailout, Fiat, Detroit Bailout, Business News

DETROIT — The cost of paying off government debt kept Chrysler from making money in the second quarter, but that didn't stop its cars from selli...

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Volvo Sales Back To Pre-Financial Crisis Levels

AP | By KARL RITTER | Posted 09.21.2011

Read More: Car Sales, 2008 Financial Crisis, General Motors, Chrysler, Great Recession, Volvo, European Union, Auto Sales, Ford, Sweden, Detroit Bailout, Business News

STOCKHOLM -- Truck maker Volvo AB's second-quarter profit surged 63 percent as sales returned to levels last seen before the financial crisis, the Swe...

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Taxpayers Stand To Lose $1.3 Billion From Chrysler Bailout

Posted 09.20.2011

Read More: 111th Congress, New Chrysler, Treasury Department, General Motors, Chrysler, Detroit, Chrysler Bailout, Fiat, Timothy Geithner, Barack Obama, Detroit Bailout, Video, Business News

DETROIT (Deepa Seetharaman) - The U.S. and Canadian governments exited their investments in Chrysler Group LLC on Thursday, allowing Italy's Fiat ...

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Auto Industry's Output Falls As Manufacturing Growth Flatlines

AP | By MARTIN CRUTSINGER | Posted 09.14.2011

Read More: 2008 Financial Crisis, Auto Bailout, Chrysler, General Motors, Great Recession, Detroit, Manufacturing, Fiat, Ford, Michigan, Auto Industry, Detroit Bailout, Business News

WASHINGTON -- U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third s...

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Detroit Auto Companies Struggle With Union Profit-Sharing Idea

Posted 09.04.2011

Read More: Toyota, General Motors, Henry Ford, Chrysler, United Auto Workers, Detroit, Fiat, Car Industry, Ford, Michigan, Auto Industry, Detroit Bailout, Video, Business News

DETROIT (Bernie Woodall) - Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in qualit...

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Americans Need To Lower Their Expectations, Ex-GM Executive Says

Posted 08.01.2011

Read More: General Motors, GM Bankruptcy, United Auto Workers, Manufacturing, Chrysler Bailout, Fiat, Labor Unions, Detroit Bailout, Manufacturing Jobs, Video, Business News

DETROIT (Ben Klayman) - The United States has a window of opportunity to dump its reputation as a nation of importers and get back to being a glob...

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Detroit Auto Show: Big Three Prove They're Still in The Game

Nick Aziz | Posted 05.25.2011

Read More: Auto Bailout, Gm, Big Three, General Motors, Detroit Three, Ford, Detroit Three Loans, Detroit Auto Show, Chrysler, Alan Mulally, Ford Taurus, Dodge Circuit EV, Electric Cars, Telsa Roadster, Cadillac Converj, Detroit Bailout, Business News

Yes, there are management problems. Yes, the wage gap must be eliminated. But when it's all said and done, the product is what will make or break the Detroit Three.

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Obama: GM IPO Proves Government Made The Right 'Tough Decisions' On Rescue

AP | Posted 05.25.2011

Read More: Uaw, GM Bailout, GM Stock, GM Stock Price, GM IPO, Intial Public Offering, $GM, Dow, Obama Gm, Detroit Bailout, General Motors Ipo, Business News

WASHINGTON — President Barack Obama on Thursday celebrated the return of a reborn General Motors to the U.S. stock market, saying it shows some ...

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Sales Of New Jeep Help Chrysler Cut Its Losses In Half

AP | By DEE-ANN DURBIN | Posted 05.25.2011

Read More: Chrysler, Chrysler Bailout, Jeep Cherokee Sales, Chrysler Car Sales, Jeep Sales, Chrysler Loss, Detroit Bailout, Chrysler Stock, Jeep Grand Cherokee, Chrysler Profit 2010, Business News

DETROIT -- Chrysler cut its losses in half between the second and third quarters as a new version of the Jeep Grand Cherokee notched strong sales. The...

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5 Reasons To Avoid Buying GM's IPO

Posted 05.25.2011

Read More: Uaw, Chevy Volt, IPO Prices, GM Bailout, GM Stock, GM Stock Price, GM IPO, Electric Vehicles, Slidepollajax, Detroit Bailout, General Motors Ipo, Business News

DETROIT (BY, SHARON SILKE CARTY) -- General Motors executives are playing up three bright spots in the company's future as they try to persuade invest...

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Three Fundamental Differences Between Progressives and Conservatives, Pt. 3

Terrance Heath | Posted 05.25.2011

In the previous post in this series, I wrote: To progressives, it seems a given that of course we must do something to alleviate the suffering that th...

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Obama, Grumpy Old Men and Detroit

Diane Francis | Posted 05.25.2011

Read More: Polls, General Motors, President Obama, Rush Limbaugh, Greece, Detroit Bailout, Enthusiasm-Gap-Youth-Vote-Millenials-Liberals-Liberal-Progressive-Backlash-Approval-Loyal, Ebase-Mid-Terms-Enthusiasm, Business News

Gallup's running poll breaks down support demographically, and Obama's highest percentages remain female and under 30 then drop with age. Old guys like him least. This is America's Grumpy Old Man cohort.

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Chrysler Loan Leads To $2.1 BILLION Loss For Treasury

AP | MARTIN CRUTSINGER | Posted 05.25.2011

Read More: Treasury Department, Chrysler Holding, Chrysler, General Motors, Gm, Chrysler Bailout, Detroit Bailout, Business News

WASHINGTON — The Treasury Department said Monday it will lose $1.6 billion on a loan made to Chrysler in early 2009. Taxpayer losses from bailing ou...

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Detroit As a Farm

David A. Love | Posted 05.25.2011

Read More: Farming, Obama Stimulus Plan, Economic Stimulus Package, Obama Stimulus, Stimulus Package, Agriculture, Detroit Three, Detroit, Economic Stimulus, Green Living, Usda, Stimulus, Detroit Bailout, African Americans, Politics News

That we've reached the point of entertaining the idea--of turning Detroit into a semi-rural city--reflects both a crisis of failed urban policies, and an opportunity to rebuild from the ashes.

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My "Detroit Medley": A Playlist for Our Motor City

David Wild | Posted 05.25.2011

Read More: Was (Not Was), Starz, The Four Tops, Smokey Robinson & the Miracles, Eminem, Brenda Holloway, John Rich, Neil Young, Bruce Springsteen & the E Street Band, Mitch Ryder and the Detroit Wheels, The Temptations, Stevie Wonder, David Bowie, Sufjan Stevens, Grand Funk, Detroit Bailout, White Stripes, Detroit, Diana Ross & the Supremes, Kiss, Sammy Davis Jr., Chairmen of the Board, Doug Fieger, Jack Scott, Madonna, Kid Rock, Jackie Wilson, The Stooges, The Parliments, Bob Seger, Bobby Bare, mc5, J. Geils Band, John Lee Hooker, Ted Nugent, The Dramatics, Detroit Cobras, Jimmy Ruffin, The Spinners, Marvin Gaye, Bruce Springsteen, Funkadelic, Entertainment News

I forever owe Detroit a huge debt of gratitude, as does anybody who's loved contemporary music this past half century. Before we bailed Detroit out, Detroit bailed us out of a lot of boredom and bad moods.

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Auto Industry Will Have Little Growth In 2010

AP | TOM KRISHER | Posted 05.25.2011

Read More: Detroit, Financial Crisis, Unemployment, Auto Industry, Detroit Bailout, Business News

DETROIT — The U.S. auto industry will recover only a little next year, weighed down by high unemployment and other troubles that will continue t...

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Obama Admin Plans To Sell Car Shares As Soon As It Can

AP | KIMBERLY S. JOHNSON | Posted 05.25.2011

Read More: Auto Bailout, Obama Administration, Auto Industry, Detroit Bailout, Politics News

DETROIT — The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos ...

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Auto Giants Reposition Globally

Diane Francis | Posted 05.25.2011

Cars are not longer just big business; companies have to build vehicles, but also be able to create multilateral partnerships which include workers, politicians, civil servants and investors.

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