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Tarp and Auto Bailout

Report: Government Bailout To See Loss Worth Billions

AP | Posted 01.31.2012 | Business

WASHINGTON -- A new report says the government's financial bailout program will see a $23 billion loss in the year that ended Sept. 30, compared with ...

Freedom Watch Is Back: Right-Wing Group Sues For TARP Details

The Hill | Posted 05.25.2011 | Politics

A conservative legal group is suing the Treasury Department and the Federal Reserve to reveal exactly how the first $350 billion of the financial serv...

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

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

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.

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.

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.

Motor Racing Reacts to Worldwide Recession

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

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.

Auto Bailout: White House Considers Using Wall Street Bailout Funds

AP | DAVID ESPO | Posted 05.25.2011 | Business

WASHINGTON — With Congress gridlocked and the economy floundering, the Bush administration declared Friday it would step in to prevent the "prec...