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  • The bail out for the auto makers. This week President Bush OK’ed the bail out for GM and Chrysler. Many Americans are very happy. I grow up in a family where both my parents worked for Chrysler and we had a good life, My parents are hard workers and earned their wage. I have seen and heard …

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  • … its rival Sanyo for up to $9 billion. Auto bailout: Before the markets opened Friday, President Bush unveiled details of a rescue plan for General Motors and Chrysler LLC that will make $13.4 billion in federal loans available almost immediately. The announcement comes after weeks of uncertainty over …

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  • Just a day after the US unveiled its plan to provide $17.4 billion to cash-strapped General Motors and Chrysler, Canada has announced its intentions to provide $4 billion of emergency loans to support the Canadian subsidiaries of the Big Three automakers. Harper also announced that auto parts …

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  • … Administration will determine whether to provide immediate support to the domestic auto industry to help it through one of the most difficult economic times in our nation’s history. Your elected officials must hear from all of us now on why this support is critical to our continuing the progress we began …

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  • … AlphenBUSINESS REPORTER Thousands of auto workers in Canada face the prospect of pay and job cuts today after the U.S. government offered a $17.4 billion (U.S.) aid package to teetering General Motors and Chrysler that contemplates significant concessions by American employees. Ken Lewenza, president …

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  • … it still has many of the same problems as cash-starved GM and Chrysler. Meanwhile, from the White House Fact Sheet on the bailout “Financing Assistance” (bolding in original): [...] The terms and conditions established by Treasury will include additional targets that were the subject of Congressional …

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  • … that President Bush would pump $17.4 billion into GM and Chrysler in an attempt to bail them out is good news for auto parts makers, but there will be a lag in startup and hence orders, Johnson said. This is not the first time that the company’s Brewer plant, which employs about 210 people, has experienced …

    13votes
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  • … of the auto industry will require more negotiations, more time and more federal money. “The auto bailout saga does not end here,” Itay Michaeli, a Citigroup analyst, said in a report. The administration yesterday said it would give GM and Chrysler $13.4 billion immediately and another $4 billion …

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  • A short overview of what happened in other parts of the world while you were in bed. TTAC provides round-the-clock coverage of everything that has wheels. Or has its wheels coming off. Note: For the next two weeks, WAS will be filed from Tokyo.Cerberus wants to unload Chrysler, keep GMAC: That’s …

    14votes
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  • … the can down the road and then go back into hibernation. Notwithstanding what he represented to be his better instincts, he decided to hand over $17 billion of your money and mine to GM and Chrysler. In an ultimate example of the triumph of hope over experience, it’s a “give me the money first …