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Detroit Three Loans

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

Nick Aziz | Posted 05.25.2011 | Business
Nick Aziz

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.

It's All Business at Depressed Auto Show

Daniel Hernandez | Posted 05.25.2011 | Business
Daniel Hernandez

It was a different kind of auto show this year in Detroit. Gone were the celebrity presenters, the pyrotechnics, the herd of cattle escorting new pickups to the media pool. Those days are over.

Car sales, 2008; even worse than we thought

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spi...

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

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

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

Toyota Projects First-Ever Annual Loss; Congress Disses Detroit

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

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.

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

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

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.

GM's Own "Heritage Collection" Is Now Up for Sale

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

GM is selling off, one-by-one, piece-by-piece, memory-by-memory, the GM Heritage Collection. Finding out felt like I'd taken a punch to the gut.

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

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

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.

"Transplant" Automakers Get Over $3.6 Billion in Subsidies; More Unions, Ralph Nader Comment

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

This post has the latest news on the billions in subsidies which off-shore transplant carmakers have received from state and local governments.

Republicans Kill any Help for Detroit

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Late last night, Senate Republicans derailed a bill, passed the day before by the House, to loan $15 billion to the Detroit Three, with 10 Republicans joining 40 Democrats and two Independents in favor.

Auto bill clears House; Should it pass the Senate, too?

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

And now, it's on to the Senate! The House today passed, 237 to 170, HR 7321, the automotive loan bailout bill, and has sent it on to the Senate. H...

Detroit's Next Step; Analysis of Rescue Proposal Here

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

It's always nice to own part of any failing automotive giant from the last century, if the companies are still not viable three, six or even twelve months from now, what will taxpayers' ownership be worth?

Car Sales Tank; Detroit Visits DC, Pt. II

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Now that they have our attention, the Detroit Three, in plans submitted to Congress Tuesday, increased their appeals for federal loans from $25 billion to $34 billion.

Just in: Dems, White House Agree on Detroit Three Bailout

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Almost shockingly, I agree with Alabama Sen. Shelby for his warning that this $15 billion is just the "down payment" on the amounts of cash Detroit really needs, and they may all fail, anyway.