Detroit Bailout

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Chrysler, GM Closures: 10 Ways To Get Huge Deals

Wall Street Journal | BRETT ARENDS | Posted 06.18.2009 | Business

Read More: Car Sales, Detroit Auto Industry, General Motors Dealerships Closures, Gm, GM Dealers, Detroit Bailout, Chrylser, Business News

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...

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The Rise and Fall of Detroit

Alec Baldwin | Posted 06.17.2009 | Business

Read More: Corvette, Big Three Automakers, Celebrities Talk Politics, American Automobile Industry, Chevrolet, Cars, Ford, Auto Industry, Detroit Bailout, Alec Baldwin Detroit, Alec Baldwin, Business News

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.

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Detroit's Woes Point to Growing Retiree Health Insurance Gap

Mark Miller | Posted 06.12.2009 | Business

Read More: Chrysler Bankruptcy, Organized Labor, Medicare, Health Care, Retirement, United Auto Workers, Detroit Bailout, Business News

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

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10 Cars That Sunk Detroit (SLIDESHOW)

minyanville.com | Scott Reeves | Posted 06.11.2009 | Business

Read More: Automakers, Detroit Automakers, Auto Bailout, Automaker Bailout, Detroit Three, Detroit, Cars, Auto Industry, Detroit Bailout, Business News

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

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ExxonMobil -- Their "Hydrogen Plan" for Us

Steve Parker | Posted 04.09.2009 | Green

Read More: Charlie Rose, Wal-Mart, Ford Fusion Hybrid, TARP Money, Scion xB, Barney Frank, Cars, Detroit Auto Show, Oil Companies, Barack Obama, ExxonMobil Corporation, Grant Park, Pga Tour, Sheryl Crow, Chevrolet Volt, Northern Trust, Nissan Cube, Wall Street, Chevy Malibu Hybrid, Earth Wind and Fire, Hydrogen Fuel Cell, Toyota Motor Corp, Banks, Cadillac Converj, Allard Lowenstein, Detroit Bailout, Ritz Carlton, Green News

Between Wall Street and the banks and the oil companies, and saving Detroit, which has been going out of business on a daily basis for 35 years, is there some way we aren't getting screwed?

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Detroit Bailout Support Wanes, Reversal From December

USA Today | Posted 03.28.2009 | Business

Read More: Automakers, Auto Bailout, Automaker Bailout, Big Three Automakers, Detroit Three, Cars, Auto Industry, Detroit Bailout, Detroit-Michigan, Business News

Just one-fourth of Americans think the government should continue lending money to Detroit automakers, according to a new USA TODAY/Gallup Poll, even ...

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Detroit's White Collar Workers: Some Worse Off Than Blue Collar Colleagues

New York Times | BILL VLASIC and NICK BUNKLEY | Posted 03.20.2009 | Business

Read More: Detroit Automakers, Detroit, Auto Bailout, Auto Workers, Detroit Workers, Detroit Bailout, Detroit White Collar, Business News

DETROIT -- For all the ups and downs, and more downs, that white-collar workers here have lived through, they have always managed to put on a brave fa...

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Geithner, Summers To Head Obama's Auto Recovery Panel

AP | STEVEN R. HURST | Posted 03.19.2009 | Business

Read More: Obama Treasury Team, Obama Car Czar, Timothy Geithner, Detroit Bailout, Larry Summers, Tim Geithner, Obama Auto, Business News

WASHINGTON — It will take more than one "car czar" to help get the embattled U.S. auto industry back on track, President Barack Obama has decide...

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Chrysler, GM Bankruptcy Looming in Detroit

Huffington Post | Julie Satow | Posted 03.12.2009 | Business

Read More: Detroit Chapter 11, Detroit Three, Detroit Bankruptcy, Chrysler Gm Chapter 11, Detroit Bailout Bankruptcy, Chrysler, Gm, Chrysler Gm Bankruptcy, Detroit Bailout, Business News

The government may force General Motors and Chrysler into bankruptcy to assure the taxpayers get back their $17.4 billion in bailout loans. The car ...

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

Nick Aziz | Posted 02.13.2009 | Business

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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Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 02.09.2009 | Business

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.

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Even After $14 Billion in TARP Money, Detroit's on Life-Support

Steve Parker | Posted 02.07.2009 | Business

With economists predicting a rough 2009, 2010 and maybe even 2011, there's not much chance of '09 and '10 car sales reaching even 2008's miserable 13.1 million.

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Make Sure that Our Country Does Not Become Detroit

Jim Wallis | Posted 02.07.2009 | Business

Read More: Automakers, Mortgages, Unemployment, Family, Car, Service, Employment, Foreclosures, Auto, Accountability, Recession, Barack Obama, Detroit, Economy, Detroit Bailout, Business News

My brother is the COO for the largest non-profit service provider in the city. His family's home is now worth less than their mortgage -- an experience now common to many Detroit area homeowners.

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Bottom Line: 2008 Car/Truck Sales Probably Worst Since 1974

Steve Parker | Posted 02.03.2009 | Business

Read More: Ebay, Treasury Department, Porsche, Automotive News, Paris Dakar Rally, Wall Street Bailout, Congress, Hank Paulson, Troubled Assets Relief Program, Chrysler, Ford Mustang, Detroit Lions, Cars, Detroit News, Ford, Highland Park, Supercharger, Dodge Durango Hybrid, General Motors, Chad Hall, Dodge Challenger, Chrysler EVs, Chevy Cobalt, 1974 Oil Embargo, Detroit, Carroll Shelby, Off-Road, Baja 1000, Porsche Panamera, Detroit Bailout, Chrysler Aspen Hybrid, Pickups, FICO Score, Chevy Cruze, Minivan, Hilton Hotels, Nascar, Detroit Three, Gm, Robby Gordon, Mexico, Washington DC, Daewoo, Rod Hall, Tokyo, Gmac, TARP and Auto Bailout, Seoul, Detroit Three Loans, San Jose Del Cabo, Hummer Sale, gt500, Darpa, Stuttgart, SUV Sales, Detroit Auto Show, Business News

The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.

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Simple Solutions for 2009

Patrick Takahashi | Posted 01.31.2009 | Politics

Read More: Gaza Strip War, Peace on Earth, Saving Planet Earth and Humanity, Buy American, Saving the National Economy, Obama's Cabinet, Peak Oil, Obama Transition, Global Warming, Barack Obama, Auto Bailout, The Biomethanol Economy, Isreael-Hamas, Chevy Volt, G8 Naitons Summit, Automakers Bailout, Biofuels, Gas Tax, Obama Administration, Green Energy, Recession, PO/GW, Obama Environment, Gaza Strip, Barack Obama Environmental Policy, Biomethanol, G8 Nations, Detroit Bailout, Politics News

By now you have no doubt read a dozen reviews of 2008 and projections for 2009, all pure guesses for the latter, unless someone was carefully predicti...

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Increasing Agreement on Carbon Taxes -- Goodbye 2008 Conventional Wisdom

Dan Rosenblum | Posted 01.30.2009 | Green

This convergence of opinion from Left and Right signals an extraordinary opportunity to obtain bipartisan support for a revenue-neutral carbon tax.

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2008: What Will We Tell The Children?

Dr. Judith Rich | Posted 01.30.2009 | Living

Pull up a chair and settle in while I spin a yarn about 2008. The story actually begins 20 years into the future (visualize a clock advancing rapidly...

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Toyota Projects First-Ever Annual Loss; Congress Disses Detroit

Steve Parker | Posted 01.23.2009 | Business

Read More: Simon Boag, John Campi, White House, Congress, Australia, Trd, Buick, United Auto Workers, Suvs, Phil Murtaugh, Crossfire, Mercedes-Benz, Cars, Detroit News, Detroit Auto Show, Hardtop Convertible, Daimler, Toyota Motor Corp, Moraine, Masters of the Universe, Mongolia, Bankruptcy, Detroit Three, Gm, Washington DC, Land Rover, Bonfire of the Vanities, Tom Wolfe, Floorplanning, Cnn, Banks, Japan, China, Corporate Jets, Automotive News, Roger and Me, Wall Street Bailout, Suzuki, Chrysler, Jim Press, GM Bankruptcy, Federal Reserve Board, President Obama, Ford, Katsuaki Watanabe, General Motors, Dayton, CNN/Opinion Research Poll, President Bush, Michigan, Detroit Bailout, Uaw, Automaker Bailout, Associated Press, Tokyo, Private Planes, g4 Challenge, North American International Auto Show, Nyc, Wall Street, Detroit Three Loans, Deborah Meyer, Vice President Cheney, Toyota Racing Development, Republicans, Slk, Business News

Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.

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Procrastination Doesn't Fix It

Joan Blades | Posted 01.22.2009 | Business

Read More: Uaw, Big Three Automakers, United Auto Workers, Detroit Bailout, Detroit Three, Automakers, Jobs, Bailout, Cars, Detroit Automakers, Labor Unions, Detroit Bailout Reaction, Unemployment, Automaker Bailout, The Big 3, Auto Industry, Unions, Detroit, Business News

Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.

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Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 01.19.2009 | Business

Read More: Tarp, Automotive News, Msnbc, Wall Street Bailout, Union-Busting, Troubled Assets Relief Program, Chrysler, Right to Work, United Auto Workers, Rick Wagoner, Honda, Cars, Detroit News, Ford, Automaker Viability Plan, Auto Bailout, GM VP CFO Ray Young, General Motors, Richard Shelby, Two-Tier Pay, Chrysler Viability Plan, President Bush, Foreign Transplant Factories, Ford Viability Plan, Detroit Bailout, Bob Nardelli, Automaker Bailout, Uaw, Robert Reich, Managed Bankruptcy, Default Car Czar, Alan Mulally, Detroit Three, GM Viability Plan, Clinton Administration, Barack Obama, Rachel Maddow Show, Alabama, Asimo, Bush Administration, Wall Street, Detroit Three Loans, Auto Supplier Companies, Big Three Viability Plan, Secretary of Labor Reich, Henry Paulson, Car Czar, Treasury Secretary, Jobs, Unemployment, Labor Unions, Detroit Bailout Reaction, Unions, Business News

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

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Bailout or Not, Nothing Will Be the Same for Drivers or Detroit

Trevor Traina | Posted 01.18.2009 | Business

Vehicle manufacturers must re-engage their owners and offer them innovative services. What if GM included ads in exchange for lower pricing? What if they developed an in-dash system with Google or Apple?

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White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 01.18.2009 | Business

Read More: Toyota Camry, Chapter 11, White House, Thailand, Troubled Assets Relief Program, Flint, Chrysler, Rick Wagoner, United Auto Workers, Cars, Detroit News, Arizona, Facebook, Ford, Detroit Newspapers, Key Plastics, Los Angeles Auto Show, Mark Fields, Southern California, Larry King, Daewoo Lacetti, General Motors, Japanese Cars, Ford Flex, President Bush, Carl Levin, President-Elect Barack Obama, China Brilliance, Uaw, Bankruptcy, Gm, Minivan, Alan Mulally, Special Devices, Detroit Three, Gran Torino, Detroit Free Press, Washington DC, Sandy Levin, Clint Eastwood, Chevrolet Volt, Chevrolet Cruze, Bill Ford, TARP and Auto Bailout, Henry Ford, Detroit Three Loans, South Korea, European Cars, Henry Paulson, Sabic, Detroit Bailout, Automaker Bailout, Detroit, Big Three Automakers, Detroit Automakers, Unions, Auto Industry, Automakers, Jobs, Bailout, Unemployment, The Big 3, Labor Unions, Detroit Bailout Reaction, Detroit Auto Show, Business News

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

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Is the GOP Risking the Economy to Win the PR War Against Unions?

Art Levine | Posted 01.16.2009 | Politics

Read More: Detroit Automakers, Republican Senators, Gop, Employee Free Choice Act, Corker, Auto Industry Bailout, Uaw, Mitch Albom, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Jobs, Bailout, Labor Unions, Cars, Unemployment, Detroit Bailout Reaction, Gm, Chysler, Automaker Bailout, The Big 3, Unions, Auto Industry, Detroit, Politics News

With three million jobs at stake, potentially costing taxpayers $150 billion, unions remain the primary targets of the GOP blame game for the troubled auto industry and the failed bailout deal.

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Motor Racing Reacts to Worldwide Recession

Steve Parker | Posted 01.14.2009 | Business

Read More: Porsche, White House, 24 Hours of LeMans, Daytona International Speedway, 12 Hours of Sebring, NASCAR Drivers, Bobby Labonte, Cars, Daytona Prototype, Xtrac, Soap Box Derby, Chip Ganassi, Petty Enterprises, Irs, Formula 1, Felix Sabates, Soap Box Derbies, Richard Petty, Indy Racing League, New Hampshire Speedway, Detroit Three, Nascar, Chevrolet, Gm, Washington DC, Tony Stewart, Kyle Petty, Alms, Dodge, Monaco Grand Prix, NASCAR Money, Turbodiesel, Alfa Romeo, Tarp Bailout Bill, Gran-Am Rolex Sports Car Series, Joe Gibbs Racing, Chrysler, Honda, Ford, Audi Clean Diesel, Volkswagen, Mazda, General Motors, Indycar Racing, Detroit, Detroit Bailout, Indycar, Adam Petty, Uaw, Toyota, American Lemans Series, Ricardo, NASCAR Support, Cosworth, Porsche Rs Spyder, Sprint Cup, Ferrari, Earnhardt Ganassi Racing, Formula One, TARP and Auto Bailout, Daytona 500, Audi, Roger Penske, Bmw, New York Times, Super Bowl Commercials, Business News

With car sales suffering worldwide, the marketing and advertising budgets, where many companies keep their racing dollars, are often the first budgets to be trimmed.

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Bailing Out Dan Quayle

Paul Jenkins | Posted 01.14.2009 | Business

Read More: House of Representatives, Bail Out, Financial Bailout, Sherrod Brown, Aozora Bank, George W. Bush, Iraq, Colorado, Democratic Party, Wall Street Journal, Jared Polis, William Ford Sr, Aig, Auto Bailout, Mark Fields, Dan Quayle, Ohio, Real Estate, Republican Party, Gail Collins, Detroit, Steve Feinberg, Citigroup, John McCain, Florida, Gm, Alan Mulally, Private Equity, Ford, Condoleeza Rice, Congress, United Steelworkers, Cerberus, Japan, K2, Robert Rubin, Chrysler, Wall Street, Henry Ford, Michigan, Banking, IAP Worldwide Services, New York Times, Hillary Clinton, Chuck Schumer, Senate, Detroit Bailout, Business News

The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.

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