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detroit bailout

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    Blame Game: Survey says who's at fault ??? Management or union?

    Each month, the American Pulse Survey seeks respondents' opinions regarding various political, pop culture and economic issues. Seeing that the auto bailout is a hot topic these days, it is unsurprising that much of the latest survey centered on the $17.4 billion in so-called bridge loans to the ...

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    Toyota supports Detroit 3's pleas for bailout bucks

    Toyota doesn't want one of the Detroit 3 to fail. Despite the fact that the Japanese automaker is a direct competitor and seemingly stands to gain long-term sales from the collapse of at least one of its American competitors, the reality is that it would be a major headache for the entire industry. ...

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    Canada to the rescue! (after U.S.)

    With all signs pointing to White House action on an automaker bailout despite the the bill not making it out of the Senate last Thursday, Canada has its taxpayers' wallets on standby as well. Our neighbors to the north account for a 20% share of the auto industry, and both the federal and Ontario ...

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    GM has spent $750 million developing the Volt

    Click above for high-res gallery of the 2010 Chevy Volt
    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 ...

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    STUDY: Detroit bankruptcy would cost four times more than bailout

    The choices are: spend $15 billion in bridge loans now to keep the Detroit Two (GM and Chrysler, since Ford can apparently hold its own) from going bankrupt, or spend $70 billion over the next two years to pay for the fallout from the Detroit Two going bankrupt. Those are the numbers according to ...

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    Detroit to DC caravan cancelled

    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 ...

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    BREAKING: Automaker bailout agreement reached in Senate, still not a sure thing [UPDATE]

    CNBC is reporting that four U.S. senators have reached a bipartisan agreement on a bill to help the Big 3 automakers in Detroit. Those senators include Michigan Democrats Carl Levin and Debbie Stabenow, Ohio Republican George Voinovich and Missouri Republican Christopher Bond. Details of the bill ...

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    w00t! The return of the Autoblog Podcast!

    If we were going to continue numbering things, this would technically be Autoblog Podcast #103. We had tried to record this comeback episode once already about three weeks ago, and that turned out to be the only time I've ever toasted an audio file. Pro Tools said "uhh, what?" and that was that - ...

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    Calling for GM bailout may cost Wagoner his job

    General Motors' CEO, Rick Wagoner, who's been manning the helm for the last eight years and a part of its staff since 1977, has taken some heat for asking the Feds for a bailout. A possible condition for those funds may be the symbolic sacrificial death of its current leader, according to a slew of ...

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    Detroit CEOs and UAW chief summoned to Washington

    When Congress wants to hand out money, it apparently wants to include everybody. Barney Frank, Chairman of the House Financial Services Committee, is likely to propose a measure that lets automakers tap into the $700 billion vein of rescue dollars that's ostensibly intended for financial ...

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    Paulson: Automaker aid won't come from financial bailout money

    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 ...

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    Germans none to happy about U.S. aid to automakers

    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 ...


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