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What's going on with our car companies breaks the heart of this member of the Greatest Generation. The American motor car played such a significant part in our "American Dream."
New York Times | MICHELINE MAYNARD and MICHAEL J. de la MERCED | Posted 06.25.2009 | Business
It is not just lawyers who will be busy handling a G.M. bankruptcy filing, which would be perhaps the biggest and most-watched in legal history. Beca...
Ian Welsh | Posted 05.31.2009 | Business
The debt holders will go to the judge and argue that they deserve to own much more Chrysler or that it should be broken up and that their claims take precedence. I don't know if they'll succeed.
Reuters | Chelsea Emery and Soyoung Kim | Posted 05.08.2009 | Business
General Motors Corp is in "intense" and "earnest" preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reute...
AP | KIMBERLY S. JOHNSON | Posted 05.07.2009 | 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...
Bloomberg | Jeff Green | Posted 05.07.2009 | 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...
New Yorker | Posted 02.27.2009 | Green
It might be hard to find a better example of biting the hand that feeds you. American automakers, the subject of much attention and beneficiaries of a...
Chris Weigant | Posted 01.22.2009 | Business
If we're going to minutely examine autoworkers' wages, and dictate the travel plans of one industry we are bailing out, then it seems eminently reasonable to do the same for the banking industry.
Rick Horowitz | Posted 12.22.2008 | Business
Gas prices are down -- it's party time! All it takes is a hearty appetite, and a good-old-American willingness to forget that the rest of the storm is still headed our way.
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Norman Lear | Posted 06.29.2009 | Business