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Car Bailout

Detroit: From Socialism to Capitalism

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

There are many ironies in the Detroit saga, but most striking is the fact that state "socialism" may finally turn North America's car industry players into capitalists.

Frank Rich: C.E.O. Guillotine Won't Do Any Good

The New York Times | Frank Rich | Posted 05.25.2011 | Politics

EVEN among pitchfork-bearing populists, there was scant satisfaction when the White House sent the C.E.O. of General Motors to the guillotine. Sure, ...

Auto State Politicians Stunned By Obama's 'Tough Love' For Them And Not So Much For Wall Street

news.yahoo.com | Martin Kady II | Posted 05.25.2011 | Politics

The Obama administration's harsh treatment of the auto industry is backfiring with some auto state politicians despite a concerted effort to build sup...

Analysis: Toyota Takeover Could Save GM

Truthdig | Michael D. Intrilligator | Posted 05.25.2011 | Business

In his prepared remarks before the Senate Banking Committee on Thursday, General Motors CEO Rick Wagoner Jr. spoke of the urgent need for federal assi...

Ford CEO: We're Not In As Much Trouble As GM And Chrysler

CNBC | Posted 05.25.2011 | Business

It's not quite guilt by association, but it's close. Ford, by virtue of being one of the Big 3 and because its finances are weakened, has been lumped ...