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Detroit Bailout

Auto Giants Reposition Globally

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

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.

The Military Industrial Complex: Truck You, Detroit, or Tanks for Nuttin' Update

Reese Schonfeld | Posted 05.25.2011 | Politics
Reese Schonfeld

Our military procurement system is a mess. Our automobile industry is a mess. We might have helped both if we had gotten them to agree to build the next generation of military vehicles together.

Fiat Chrysler Deal Finalizes

Yahoo! Finance | Posted 05.25.2011 | Business

DETROIT (AP) -- Italian automaker Fiat says it has closed a deal to take over Chrysler's good assets, forming a new company and clearing the way for t...

This is Not My Grandfather's GM (In Memoriam or Rebirth)

Mike Smith | Posted 05.25.2011 | Business
Mike Smith

Our clan was a GM Family. That is, until I bought an Acura and I have never looked back.

GM Bankruptcy Hurts People of Color Hardest. Workers Desperately Need EFCA.

Seth Freed Wessler | Posted 05.25.2011 | Business
Seth Freed Wessler

In the economy we've inherited from the last three decades of deregulation and declining union density, people of color are increasingly relegated to low-wage, precarious work that pays too little to support a family.

GM, Chrysler Dealers: Lobbying Capitol Hill For Their Survival

washingtonpost.com | Dana Hedgpeth | Posted 05.25.2011 | Business

Jack Fitzgerald, owner of nine Washington area dealerships -- seven of which are on the chopping block by General Motors and Chrysler -- left his head...

GM, Chrysler Bankruptcies: Auto Suppliers Suffer

nytimes.com | LOUIS UCHITELLE | Posted 05.25.2011 | Business

For nine years, the Strong brothers, Mark and Tim, made tools in their machine shop to maintain the giant presses that stamped steel sheets into fende...

Chrysler & GM: What Happens if Your Car Blows Up?

Don McNay | Posted 05.25.2011 | Business
Don McNay

I know I'll never forget that horrible sight, I guess I found out for myself that everyone was right. Won't come back from Dead Man's Curve. -Jan and...

Jeff Muskus

GM Bankruptcy: Best Bet For The Taxpayers' Investment?

HuffingtonPost.com | Jeff Muskus | Posted 05.25.2011 | Business

Detroit couldn't be allowed to collapse. It was one of the very few things the Obama transition team and the outgoing Bush administration agreed on in...

Chrysler President James Press's $15.7M Townhouse

The New York Observer | Max Abelson | Posted 05.25.2011 | Business

This week, Mr. Press' townhouse at 178 East 64th Street went on the market for $15.7 million--or $35,000 per month. "It wasn't appropriate. He bought ...

First, Stop the Hemorrhaging

Rev. Jesse Jackson | Posted 05.25.2011 | Business
Rev. Jesse Jackson

Clearly, the hemorrhaging of jobs is outpacing the stimulus. We need a new, comprehensive strategy, a bailout plan that is connected directly to reinvesting in and reindustrializing America.

Chrysler Bankruptcy: Lee Iacocca Losing Pension, Car

Yahoo! News | Emily Chasan | Posted 05.25.2011 | Business

NEW YORK (Reuters) -- Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension...

Rattner, Obama's Car Czar, Worth At Least $188 Million

bloomberg.com | Jonathan D. Salant and Justin Blum | Posted 05.25.2011 | Business

May 28 (Bloomberg) -- Steven Rattner, the Obama administration adviser trying to orchestrate a rescue of the U.S. auto industry, has a net worth of at...

Foreign Companies Will Soon Be Leading Carmakers In U.S.

usnews.com | Rick Newman | Posted 05.25.2011 | Business

Before long, you'll be more likely to get an American-made car by buying an import brand instead of a Ford, General Motors, or Chrysler vehicle. New d...

U.S. Job Market May Take 5 Years To Recover

Reuters | Emily Kaiser | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The U.S. housing bust and auto sector upheaval have left hundreds of thousands of workers looking for jobs in the same sectors,...

U.S. Government Expected To Own 70% Of GM

nytimes.com | MICHELINE MAYNARD | Posted 05.25.2011 | Business

DETROIT -- The government will hold a large share of a restructured General Motors after the company emerges from bankruptcy protection, and will prov...

GM Bankruptcy Deadline Nears

Yahoo! Finance | Emily Fredrix | Posted 05.25.2011 | Business

MILWAUKEE (AP) -- The clock is ticking on a June 1 deadline for General Motors Corp. to restructure, and this make-or-break week is expected to bring ...

GM Workers Struggle To Hold On To Jobs

nytimes.com | BILL VLASIC and NICK BUNKLEY | Posted 05.25.2011 | Business

Since 2006, G.M. has persuaded 60,000 of its hourly employees -- half of its union work force in the United States -- to take cash buyouts and give up...

Hooray for Emission Curbs

Diane Francis | Posted 05.25.2011 | Green
Diane Francis

America finally has a smart leader, not a good old boy from Texas and his sidekick who were in the hip pockets of the Saudis and oil interests at home...

GM Losers: 30 Shareholders That Could Get Hurt By Bankruptcy

usnews.com | Rick Newman | Posted 05.25.2011 | Business

If General Motors declares bankruptcy, some of its investors--including bondholders, other secured lenders, and the U.S. government--are likely to get...

Chrysler, GM Closures: 10 Ways To Get Huge Deals

Wall Street Journal | BRETT ARENDS | Posted 05.25.2011 | Business

Chrysler and General Motors last week said they were closing nearly 2,000 dealerships across the country as part of their restructuring plans. And tha...

The Rise and Fall of Detroit

Alec Baldwin | Posted 05.25.2011 | Business
Alec Baldwin

There can be only one legitimate response to the auto crisis. Let energy conservation and fuel efficiency rule the day. Let the carmakers go under.

Detroit's Woes Point to Growing Retiree Health Insurance Gap

Mark Miller | Posted 05.25.2011 | Business
Mark Miller

About three-quarters of Medicare beneficiaries have some kind of supplemental policy to help protect against potentially high out-of-pocket costs.

10 Cars That Sunk Detroit (SLIDESHOW)

minyanville.com | Scott Reeves | Posted 05.25.2011 | Business

Today's topic: All-American mutts - not the four-legged variety, but the clunkers that killed Detroit. Yup, Detroit's sheer incompetence in design,...

Nationalizing Chrysler

Larry Abrams | Posted 05.25.2011 | Business
Larry Abrams

The "creative destruction" argument conveniently forgets that it wasn't the "free market" that created the American Way of life, but a working class that was paid well enough to consume.