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Auto Industry Crisis

The Auto Industry a Year Later

Lawrence H. Summers | Posted 05.25.2011 | Business
Lawrence H. Summers

The auto industry turnaround wasn't an accident of history. It was the result of considered and politically difficult decisions made by Pres. Obama to provide GM and Chrysler a lifeline.

Bachmann: "Gangster Government" Turning U.S. Into "Sinking Titanic"

Huffington Post | Susan Crile | Posted 05.25.2011 | Politics

Congresswoman Michelle Bachman took to the floor of the House of Representatives on Tuesday to call out the "gangster government." She also likened Am...

Ford completes tender offers, cuts $10B in debt

AP | KIMBERLY S. JOHNSON | Posted 05.25.2011 | Business

DETROIT — Shares of Ford Motor Co. soared 16 percent Monday after the company said it completed tender offers that will reduce its debt by 38 pe...

GM Speeds Up Bankruptcy Plans

Bloomberg | Jeff Green | Posted 05.25.2011 | Business

General Motors Corp. is speeding up preparations for a possible bankruptcy filing even as directors seek deeper savings this week to avoid that outcom...

Auto Industry Warns Of Collapse If Auto Suppliers Aren't Bailed Out

Washington Post | Kendra Marr | Posted 05.25.2011 | Business

For months Washington has focused on saving Detroit's automakers. But now the auto industry says it could face a bottom-up collapse if the suppliers s...

Krugman: Concentration Of US Auto Industry Will Probably Disappear

AP | MALIN RISING | Posted 05.25.2011 | Business

STOCKHOLM, Sweden — Nobel economics prize winner Paul Krugman said Sunday that the beleaguered U.S. auto industry will likely disappear. "It wi...

Pressure Builds For GM To Oust CEO As Part Of Auto Bailout

The Hill | Silla Brush | Posted 05.25.2011 | Politics

UPDATE 12/07 at 9:00PM EST: In addition to Dodd's statements this morning, there is growing outside pressure for GM CEO Rick Wagoner to step down. T...