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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 …

    6votes
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    • … at Canaccord Adams in New York. He added that rescuing the auto industry could cost $150 billion, according to some estimates. Investors have been on edge about a possible bankruptcy among Detroit’s Big Three, which could result in steep job losses and prolong the current recession. GM and Chrysler …

    7votes
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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 …

    8votes
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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 …

    11votes
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    • … of the Canadian Auto Workers, acknowledged yesterday his members at GM, Chrysler and Ford won’t be able to avoid concessions under terms of the U.S. rescue package, which calls for more restructuring, downsizing and cost cutting by the money-losing auto giants south of the border. Those terms …

    11votes
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    • … LLC, lacked the capital to become a bank holding company. That means the financing unit won’t be able to access Treasury’s Troubled Asset Relief Program to help make auto loans. GMAC may now have to file for Chapter 11 protection, with or without a loan, joining GM’s biggest parts supplier, Delphi …

    11votes
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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 …

    12votes
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    • A very common mantra heard around these parts is “Lets Get the Volt Wheels on the Road” originally coined by GM-Volt.com member Larry G (Tagamet). Well apparently GM has moved one step closer to that symbolic goal, they’ve actually sourced the wheels. Well known and world leading aluminum supplier …

    12votes
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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 …

    15votes
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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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