Detroit3


Let's Make a Deal: Automakers reportedly reach agreement with lawmakers on carbon cap legislation

Now that the U.S. has officially concluded that greenhouse gasses are harmful to human health, it's time to do something about them. One major hurdle standing in the way of the U.S. implementing carbon cap and trade legislation appears to have been cleared as both the domestic automakers and Michigan's legislature have lifted their opposition and now support for the bill. Why? The Detroit News reports that an agreement has been reached that could see up to $15 billion paid out to the Detroit-based automakers starting in 2012. Yeah, that would ... Read more →

Survey: Ford's image gets a boost by nixing federal aid Alex Nunez

In what has to be one of the least surprising developments related to the auto industry, a newly-released survey finds that Americans' favorable view of Ford Motor Company has increased substantially ...

REPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash Frank Filipponio

Over the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the latest reports, it will be $5B to the latter and $500M to ...

REPORT: GM to get $5B, Chrysler $500M from gov't Frank Filipponio

Is General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The Detroit News seems to think so. Citing Obama Administration sources and a ...

REPORT: German automakers could join others in skipping Tokyo Motor Show Chris Paukert

Although Volvo has already said that it would not participate in this October's Tokyo Motor Show, the Swedish automaker's German contemporaries are reportedly dragging their feet on similar public ...

Autoline on Autoblog with John McElroy 8 months ago on Autoblog

BIG THREE SITTING ON $10 BILLION GOLDMINE There's no question that the Detroit-based auto industry needs a lot of help. There's a 100-year history of how it got into the problems it's in, and some of those problems are beyond management's control. But there is one area where General Motors, Ford ...

Who is on the Presidential Task Force on the Auto Industry... and what do they drive? 9 months ago on Autoblog

Between the flow of bailout bucks and the economic turmoil threatening to topple the Detroit 3, you'd figure the investigative efforts of the Detroit News would be better spent digging through the viability plans of Chrysler and General Motors, delving into the minutia that could make or break the ...

Automakers limiting options to reduce costs 9 months ago on Autoblog

With sales at a 26-year low, the Detroit 3 are trying almost anything to reduce costs and make more money from the cars they are selling. One of the biggest changes coming apes what some of the more successful Japanese makers have done all along: offering fewer configurations of their models. If you ...

REPORT: Obama dropping "car czar" in favor of task force 9 months ago on Autoblog

While there have been rumors and suggested candidates floated for the so-called federal "car czar" post, it now no longer looks like that position will be filled. That's because President Barack Obama has apparently gone cold on the idea. Instead, new reports suggest that he will look to a select ...

REPORT: Dealers say bailout hasn't made for more GMAC loans 10 months ago on Autoblog

Show me the money. With apologies to Cuba Gooding Jr., that is exactly what many General Motors dealers are saying to GMAC Financial Services. Despite being given $5 billion from the U.S. Government last month, GMAC apparently hasn't loosened its purse strings enough for dealers' likings. Some, in ...

Volvo joins Detroit 3, skips out of Tokyo Motor Show 10 months ago on Autoblog

The 2009 Tokyo Motor Show is going to have to make do without another automaker, as Volvo has decided to save money by skipping the exhibition. Volvo's move comes after all three Detroit automakers decided to skip the event, which is held every other year. Volvo, like the Detroit automakers, doesn't ...

Dave Barry sums up 2008, Detroit 3 included 11 months ago on Autoblog

2008 is at an end, and while the editorial pages of some newspapers spend the final days of December focusing on ways to further burden taxpayers and foment interstate hostility, the Washington Post Magazine has, thankfully, handed several pages over to Dave Barry who, as usual, makes the events of ...

BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package 11 months ago on Autoblog

President George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge of $17.4 billion in low-interest loans to General Motors and Chrysler (Ford Motor Company has said it does not require relief at this time). The funding will ...

Oil may hit $35/barrel in wake of auto bailout bust 11 months ago on Autoblog

With the U.S. Senate denying the Detroit 3 relief plan, it looks like oil prices might continue to tumble. Our sibling site BloggingStocks is predicting barrel prices might drop as low as $35 as a result. This comes on the heels of predictions of higher prices in the near future. It had been thought ...

Autoline on Autoblog with John McElroy 11 months ago on Autoblog

DETROIT AND OUR NATIONAL DEFENSE In all this debate about whether we should provide the Big Three with a bridge loan, not enough attention has been devoted to their impact on our national defense. I'd hate to see this country ever get involved in a total global war again, but I especially shudder ...

GM has spent $750 million developing the Volt 11 months ago on Autoblog

Although they're a big part of the Congressional pitch to get some federal funds, green cars aren't going to make the Detroit 3 profitable on their own any time soon. Take the Chevrolet Volt for example. When GM CEO Rick Wagoner testified that the Volt is being pushed into production for 2011, ...

Detroit 3 seeking $6.8 billion from Canadian government 11 months ago on Autoblog

What to do when you wanted $34 billion and Congress only gave you $15 billion? Try again, but this time go North young man. The Detroit 3 are now making a pitch to the Canadian legislature seeking an additional $6.8 billion from Canada where nearly 100,000 workers are employed in factories and ...

One down, one to go: Detroit 3 CEOs begin House testimony 11 months ago on Autoblog

Having watched each of the Detroit 3 CEOs take tough questions from the Senate Banking Committee for six hours yesterday, we've returned to the couch today to watch General Motors CEO Rick Wagoner, Ford CEO Alan Mulally, Chrysler CEO Bob Nardelli and Ron Gettelfinger, President of the United Auto ...

OPINION: Stop arm-chair quarterbacking the auto industry 11 months ago on Autoblog

We'll be hearing more about the Detroit 3 in the mainstream media this week as their homework entitled "What I Would Do With My Share of $25 Billion in Government Loans" gets turned in to Congress. While Detroit deserves much of the ribbing that's on the way, it irks our ears every time we read an ...

Mulally driving to Washington, but what car should he drive? 12 months ago on Autoblog

It seems the entire world is still debating whether or not Rick Wagoner, Alan Mulally and Bob Nardelli should have carpooled, walked or taken the bus for their last trip to the Capitol, but that's all behind us now. The good news for those who like to play expert on the internet is that Detroit's ...

UAW wants executive pay to be limited 12 months ago on Autoblog

The president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance packages in return for more government loans. Gettelfinger also said that the Detroit Three only need the ...

Detroit to DC caravan cancelled 12 months ago on Autoblog

Remember the growing movement to caravan a few hundred of Detroit's most fuel efficient vehicles to the automaker's next meeting with Congress? Not happening. Interestingly, it wasn't for lack of support. In fact, it was just the opposite. So many people had voiced their support and announced their ...

VIDEO: Chrysler breaks out the Handycam, makes case for federal aid 1 year ago on Autoblog

Now that the domestic industry is in dire need of cash, the American taxpayer is being bombarded with facts and figures purporting to show just how vital the industry is for the health of the overall economy. Hundreds of thousands of jobs at the automakers, millions more from suppliers and dealers ...

Paulson: Automaker aid won't come from financial bailout money 1 year ago on Autoblog

Some U.S. policymakers believe that the domestic auto industry needs a multi-billion $hot in the arm, but the sticking point seems to be where to find the funds. Rep. Barney Frank (D-Mass.) is calling for a portion of the financial sector's $700 billion TARP buyout to be apportioned to Detroit, but ...

Two down, one to go: Senate approves $25 billion for Big 3 1 year ago on Autoblog

Last week, the House of Representatives passed a bill approving a $25 billion loan for the Detroit 3. Now the Senate, by a similar margin, has passed the bill, which means it needs George W. Bush's John Hancock in order for the automakers to see their funds. The process actually began last year when ...

Germans none to happy about U.S. aid to automakers 1 year ago on Autoblog

Matthias Wissmann, current head of the Verband Deutscher Automobilhersteller (VDA, or Association of the German Automotive Industry for us non-German speaking folks), is none too pleased with the passing of a $25 billion financing package for the Detroit automakers. Under the terms of the ...

Detroit 3 show restraint in tough times, continue to limit fleet sales 1 year ago on Autoblog

Showing great discipline amid declining sales, the Detroit 3 have held back on the temptation to dump vehicles on fleet customers in order to boost numbers. As we reported last month, selling vehicles to corporate fleets and daily rental companies has been a long-practiced method to offload ...

Canada may become most expensive place to build a car 1 year ago on Autoblog

Until Detroit automakers signed landmark deals with the UAW that shifted retiree health care costs to the union, it was cheaper to make vehicles in Canada. Government health care saved automakers about $6 per work hour, a savings of over $12,000 a year per worker. Since Ontario produces more ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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