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Detroit Gets 10% of What AIG Already Has Received from TARP

Steve Parker | Posted 04.17.2009 | Business

Read More: Europe, Congress, President Obama, Representative Sandy Levin, Chicago, TARP Money, Captive Imports, Detroit Three, Walter Reuther, Cars, Washington DC, Asia, American International Group, Joe Kennedy, Charles Ponzi, Yale Galanter, Ford Motor Co, Fdr, Chrysler, Aig, Tom Wolfe, Senate, Senator Carl Levin, Harvard University, Wall Street, General Motors, Uaw, Masters of the Universe, US Chamber of Commerce, Franklin Delano Roosevelt, Business News
Steve Parker

Why does Detroit get only 10% of what the banks and Wall Street have been loaned?

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Ford, UAW Strike Tentative Deal

AP | KIMBERLY S. JOHNSON | Posted 03.26.2009 | Business

Read More: Automakers, Auto Bailout, Automaker Bailout, Ford UAW, The Big Three, Ford, Uaw, Auto Industry, Business News

DETROIT — The United Auto Workers and Ford Motor Co. said Monday they agreed to let the automaker change how it pays for a health care trust fun...

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New Report Reveals Why GOP Hates Unions: They Raise Wages, Boost Economy

Art Levine | Posted 03.21.2009 | Politics

Read More: Center for Amerian Progress, Afl-Cio, Uaw, Stimulus, Unions, Employee Free Choice Act, Economy, Politics News
Art Levine

Big businesses and the GOP have taken a short-term, greedy look at their economic self-interest and determined they must fight the Employee Free Choice Act with all the weapons at their disposal.

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GM, Chrysler Want Billions More

Steve Parker | Posted 03.21.2009 | Business

Read More: White House, Congress, GMC Truck, Saturn, Chrysler, Buick, Rick Wagoner, United Auto Workers, George W. Bush, Fiat, Cars, Chinese, Detroit News, Ford, American Recovery and Reinvestment Act of 2009, Lawrence Summers, New York Federal Reserve Bank, General Motors, Brembo, Mini, Delphi, Charlie Rose, GMAC Bailout, 2010 Chevrolet Camaro, Uaw, Penske Automotive Group, Detroit Three, Chevrolet, Moody Blues, Mitt Romney, Pontiac Solstice, Mitsuoka Motor, Roger Smith, Frankfurt International Auto Show, Pontiac, Ferrari, Saab, Tokyo Motor Show, Bmw, Smart Car, Wall Street, Dodge, Tim Geithner, President Obama Administration, Henry Paulson, Hummer Sale, Hollywood, Cadillac, Firebird, Miata, Auto Bailout, Business News
Steve Parker

Incidentally, GM got another $4 billion Tuesday after turning in their plan. Were you ever rewarded that much just for doing your homework?

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GM, UAW Talks Breakoff And Chrysler Talks Stall

Reuters | Kevin Krolicki and Poornima Gupta | Posted 03.18.2009 | Business

Read More: General Motors, Uaw, Uaw Gm Talks Stalled, Chrysler, United Auto Workers, Gm, Gm Uaw Talks, Gm Union Talks, Uaw Gm Talks, Business News

Talks between the United Auto Workers and General Motors Corp central to a turnaround plan for the struggling automaker have broken down over the issu...

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Stimulus: Republicans Screw Car Makers and Buyers

Steve Parker | Posted 03.16.2009 | Business

Read More: Lexus LF-A, Captive Imports, Maryland, President Barack Obama, Detroit Three, Ford Taurus, Cars, Congress, Joe Biden, Toyota, Senator Barbara Mikulski, Code Pink, Oliver Wendell Holmes, Japan, Chrysler, Tokyo Motor Show, Economic Stimulus Package, Tesla Roadster, Wall Street, Bob Nardelli, Republicans, Uaw, Senate, Business News
Steve Parker

The bill passed by Congress yesterday throws a one-two punch at our auto industry and consumers.

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Remember The Folks In Janesville This Holiday

Scott Foval | Posted 01.25.2009 | Chicago

Read More: Newton Iowa, Auto Bailout, East Moline Illiniois, Middle Amana Iowa, General Motors, Gm, Green Jobs, United Auto Workers, Janesville Wisconsin, Plant Closings, Manufacturing, Uaw, Janesville Assembly Plant, Janesville Gm, Barack Obama, Chicago News
Scott Foval

This holiday, please remember Janesville, Newton, Middle Amana and East Moline. These people are hurting, and we need to help our neighbors get through this.

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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
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.

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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
Joan Blades

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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Toyota Republicans Should Cut Their Own Pay

Leo W. Gerard | Posted 01.22.2009 | Business

Read More: National Review, Sen. Lamar Alexander, Sen. John Cornyn, $700 Billion Bailout, Honda, Diet, Big Three, Toyota Republicans, Bank of America, Merrill Lynch, Aig, Auto Bailout, Daimler, Mercedes-Benz, Sen. Thad Cochran, Nissan, President Bush, Great Depression, Sen. Lindsey Graham, Germany, Washington Mutual, Gm, Sen. Richard Shelby, United Autoworkers, Ford, Fannie Mae, Toyota, Sen. Jim DeMint, Sen. Kay Bailey Hutchinson, Sen. Bob Corker, House of Councillors, Japan, Economic Policy Institute, Chrysler, Bmw, Freddie Mac, Wall Street, Lehman Brothers, South Korea, Sen. Saxby Chambliss, Sen. Johnny Isakson, New York Times, Bear Stearns, Sen. Mitch McConnell, Uaw, Business News
Leo W. Gerard

Clearly the allegiance of the Republicans who opposed the loan to save GM and Chrysler is not with the US, which would lose 900,000 jobs if just GM closed, and more than 2.1 million if the Big Three did.

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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
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.

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

Trevor Traina | Posted 01.18.2009 | Business

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

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
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.

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Congress Continues To Pursue Union, Automaker Concessions

AP | TOM KRISHER | Posted 01.17.2009 | Business

Read More: Automakers, Chrysler, Automaker Bailout, General Motors, Gm, Finance, Economy, Cars, Uaw, Business News

DETROIT — Chrysler announced Wednesday it is closing all its North American manufacturing plants for at least a month, the starkest move taken b...

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So Much for Post-Partisanship?

Carl Pope | Posted 01.16.2009 | Politics

Read More: Auto Bailout, Uaw, Auto Bailouts, Detroit, Politics News
Carl Pope

It's increasingly clear that the Republican minority will be under heavy pressure to jump right in with the same scorched-earth, tactics that were used so successfully to block Bill Clinton's agenda in 1993.

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Do Southern Senators Really Want to Start a New War Between the States?

Richard (RJ) Eskow | Posted 01.16.2009 | Politics

Read More: Bob Corker, North South Tax Discrepancies, Auto Bailout, Richard Shelby, Uaw, Mitch McConnell, Dick Cheney, Politics News
Richard (RJ) Eskow

Southern states have been benefiting from Northern taxes for years. If they start another War Between the States, the Federal gravy train might suddenly stop at the Mason-Dixon line.

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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
Art Levine

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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Thom Hartmann Defends the Auto Workers on Countdown

Thom Hartmann | Posted 01.15.2009 | Business

Read More: Thom Hartmann, Countdown With Keith Olbermann, Auto Bailout, Video, Uaw, Automaker Bailout, United Auto Workers, Business News
Thom Hartmann

Hartmann defended... the workers, calling Republican refusal to help the auto industry an attempt to break the unions and calling our current economic crisis the direct result of Reaganomics.

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Union Coma

August J. Pollak | Posted 01.15.2009 | Politics

Read More: Terri Schiavo, Auto Bailout, Automaker Bailout, Uaw, Gm, Ford, Unions, Labor Unions, Auto Industry, Politics News
August J. Pollak

A little change of wording turns right-wingers around on the auto bailout. To see more of August J. Pollak's cartoon "Some Guy With a Website," ch...

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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
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.

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Auto Union Official Slams Vitter: "He'd Rather Pay A Prostitute Than Pay Auto Workers"

Times-Picayune | Jonathan Tilove | Posted 01.13.2009 | Politics

Read More: Uaw, David Vitter Prostitute Auto Union Official, Auto Union Official Slams David Vitter, David Vitter, Politics News

Morgan Johnson, president of the United Auto Workers local representing General Motors workers in Shreveport, said Friday that Sen. David Vitter's rol...

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

Steve Parker | Posted 01.13.2009 | Business

Read More: Change to Win, Herbert Hoover, Chrysler, Decherd, Buffalo, Honda, Blue Springs, Mercedes-Benz, Cars, Montgomery, Ford, Volkswagen, Senators, Nissan, Infrastructure, Princeton, Benedict Arnold, General Motors, Hyundai, Greensburg Indiana, Essential Action, Ralph Nader, Uaw, Lafayette, Toyota, Canton, Detroit Three, Ohio, San Antonio, United Steelworkers, Kia, Huntsville, Democrats, Foreign-Owned, Good Jobs First, Treasury Secretary Henry Paulson, Bush Administration, Chattanooga, Detroit Three Loans, Bmw, Subaru, International Association of Machinists and Aerospace Workers, Transplant, Tax Exempt, Smyrna, Unions, Japanese Transplants, Spartanburg, Republicans, Detroit Bailout, Auto Industry, Business News
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.

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The Nasty Class and Anti-Union Bias of Auto Bailout Opposition, or the Wall Street-Detroit Double Standard

Robert Weissman | Posted 01.12.2009 | Business

Read More: Blue Collar, Auto Bailout, Uaw, Class Warfare, Wall Street Crisis, Wages, Pensions, Compensation, Executive Compensation, Health Care, Business News
Robert Weissman

Nancy Pelosi says the Congressional Republicans are playing Russian Roulette with the economy by refusing to agree to an auto industry bailout. But f...

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Senate to Middle Class: Drop Dead

Michael Moore | Posted 01.12.2009 | Politics

Read More: Detroit Automakers, Auto Bailout, Automaker Bailout, Uaw, Big Three Automakers, Bailout, Michael Moore, United Auto Workers, Detroit Three, Middle Class, Detroit, Big Three, The Big 3, Auto Industry, Politics News
Michael Moore

The Senate decided that it is more important to break a union, more important to throw middle class wage earners into the ranks of the working poor than to prevent the total collapse of industrial America.

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Reactionary Republicanism Reaches New Low

Marco Trbovich | Posted 01.12.2009 | Politics

Read More: Republican Senate, Automakers, Uaw, Automaker Bailout, Auto Industry, Politics News
Marco Trbovich

The mendacity of the Republican Senate's decision to scuttle a bail out of Big Three automakers is only surpassed by their venality in trying to finger the UAW as the culprit in the piece.

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