bailout plan


Total Bailout Bill: $97.4 Billion, with a 'B'

With all the rescue/bailout talk going on here at Autoblog and, oh, just about everywhere else, you may find that it's tough to keep up with it all. Thankfully, the scribes over at Detroit Free Press have consolidated the discussion down to one easy-to-read but tough-to-comprehend figure: $97.4 billion. That's the total you get when adding up the initial $25.4 billion that automakers were promised to help retool their plants to build more fuel efficient cars; the $25.5 billion that auto suppliers have banded together to seek from the Feds and ... Read more →

Autoblog Podcast #106 Dan Roth

Has it really been a month of podcasts already? Alex Nunez and editor Neff join Chris and Dan for Autoblog Podcast Episode 106. Hilarity ensues as we cover the bailout (what else?) and try to touch ...

Mulally chooses Escape Hybrid for D.C. road trip Sam Abuelsamid

Ford CEO Alan Mulally has made the politically correct decision for his return trip to Washington DC this week and is skipping the company jet. In fact, he's skipping the airport altogether and ...

Porsche head predicts a hedge fund will swallow GM or Ford Jonathon Ramsey

Little guy Porsche is taking huge swings, and not just at the giant that is Volkswagen. Porsche head Wendelin Wiedeking had fierce Teutonic words for General Motors and Ford, and banks. His ...

GM jets: No tracking for you! Jonathon Ramsey

GM has seven planes (four of them are for sale), and one of them was recently and infamously used for a brief sojourn to Washington for head honcho Rick Wagoner. When the public found out about it, ...

Would GM shed Saab, Saturn and Pontiac to secure gov't aid? 11 months ago on Autoblog

When ants need to cross some dangerous span in order to get to the thing they want, certain ants in the colony will sacrifice themselves to build a bridge that other ants can cross. That's how you get the honey. In GM's case, the honey is a $12 billion government lifeline. The dangerous span is, ...

Michael Moore mixed on Big 3 bailout 1 year ago on Autoblog

While there is definitely a huge rift between those who favor a Detroit bailout and those who would rather see the Big 3 fade away, you'd think that someone like Flint-native and documentary maker Michael Moore would be all in favor of helping the Big Three succeed. After all, Moore rose to fame for ...

The Detroit 3's problem is really... "vehicle density"? 1 year ago on Autoblog

There have been so many different arguments for why The Detroit 3 should or shouldn't get a bailout that we could make a casserole out of them. One argument against a bailout -- or at least, a reason for the futility of a bailout -- that we don't recall hearing yet is "vehicle density." The ...

Quoth Mitt Romney in the NYT: "Let Detroit Go Bankrupt" 1 year ago on Autoblog

Mitt Romney, former Massachusetts governor, former entrant in the marathon to win the White House, and current automotive industry expert (who knew?) had a few things to say in the New York Times today on the potential auto industry bailout. The opening paragraph says it all: "IF General Motors, ...

The Skinny: Automaker aid from the Feds 1 year ago on Autoblog

So here's a breakdown of what's going on in Congress concerning federal aid for U.S. automakers. A Senate bill expected to be voted on this Thursday would expedite funds for Ford, GM and Chrysler so that they could actually get the cash they need within 22 days after the bill becomes law -- should ...

Wagoner: $25 billion sounds good to me 1 year ago on Autoblog

At a press conference on Thursday, shortly after announcing plans for a new engine plant in Flint, Michigan, General Motors CEO Rick Wagoner said his employer, "should be able to put to good use its portion of a $25 billion government loan package." Wagoner goes on to say he's concerned about the ...






Autoblog Podcast #153: With Phil Berg

Phil Berg puts his reputation on the line and hangs with the podcast crew.

 
 

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